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Cisco and MGM Resorts International Sign Multi-Year Agreement

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MGM Resorts International has signed a 5.5-year Whole Portfolio Agreement (WPA) with Cisco, gaining access to most of Cisco's software portfolio. The agreement includes cybersecurity, software-defined networking, digital experience assurance, full-stack observability, data center, and services. This partnership aims to enhance guest experiences across all MGM properties through network automation and will enable future location services and machine learning applications. The implementation will support MGM's sustainability goals while ensuring uptime and security for their 24/7 operations.

MGM Resorts International ha firmato un contratto di 5,5 anni intitolato Whole Portfolio Agreement (WPA) con Cisco, ottenendo l'accesso alla maggior parte del portafoglio software di Cisco. L'accordo comprende cybersecurity, networking definito dal software, garanzia dell'esperienza digitale, observabilità full-stack, data center e servizi. Questa partnership mira a migliorare le esperienze degli ospiti in tutte le proprietà MGM attraverso l'automazione della rete e consentirà futuri servizi di localizzazione e applicazioni di machine learning. L'implementazione sosterrà gli obiettivi di sostenibilità di MGM garantendo al contempo uptime e sicurezza per le loro operazioni attive 24 ore su 24, 7 giorni su 7.

MGM Resorts International ha firmado un acuerdo de 5,5 años titulado Whole Portfolio Agreement (WPA) con Cisco, obteniendo acceso a la mayor parte del portafolio de software de Cisco. El acuerdo incluye ciberseguridad, redes definidas por software, garantía de experiencia digital, observabilidad de pila completa, centro de datos y servicios. Esta asociación tiene como objetivo mejorar las experiencias de los huéspedes en todas las propiedades de MGM a través de la automatización de la red y permitirá futuros servicios de localización y aplicaciones de aprendizaje automático. La implementación respaldará los objetivos de sostenibilidad de MGM mientras asegura tiempo de actividad y seguridad para sus operaciones 24/7.

MGM 리조트 인터내셔널Cisco와 5.5년의 Whole Portfolio Agreement (WPA)를 체결하여 Cisco의 소프트웨어 포트폴리오 대부분에 접근하게 되었습니다. 이 계약에는 사이버 보안, 소프트웨어 정의 네트워킹, 디지털 경험 보증, 전체 스택 가시성, 데이터 센터 및 서비스가 포함됩니다. 이 파트너십은 MGM의 모든 자산에서 네트워크 자동화를 통해 고객 경험을 향상시키는 것을 목표로 하며, 향후 위치 서비스와 머신 러닝 애플리케이션을 가능하게 합니다. 이 구현은 MGM의 지속 가능성 목표를 지원하면서 24/7 운영의 가동 시간과 보안을 보장할 것입니다.

MGM Resorts International a signé un contrat de 5,5 ans appelé Whole Portfolio Agreement (WPA) avec Cisco, obtenant l'accès à la plupart du portefeuille logiciel de Cisco. Cet accord comprend la cybersécurité, le réseau défini par logiciel, l'assurance de l'expérience numérique, l'observabilité de pile complète, les centres de données et les services. Ce partenariat vise à améliorer les expériences des clients dans toutes les propriétés MGM grâce à l'automatisation du réseau, et permettra d'activer de futurs services de localisation et des applications d'apprentissage machine. La mise en œuvre soutiendra les objectifs de durabilité de MGM tout en garantissant le temps de disponibilité et la sécurité pour leurs opérations 24h/24 et 7j/7.

MGM Resorts International hat einen 5,5-jährigen Vertrag namens Whole Portfolio Agreement (WPA) mit Cisco unterzeichnet und erhält damit Zugang zu den meisten Softwareangeboten von Cisco. Der Vertrag umfasst Cybersicherheit, softwaredefinierte Netzwerke, digitale Erlebnisgarantie, vollständige Sichtbarkeit, Rechenzentren und Dienstleistungen. Diese Partnerschaft zielt darauf ab, das Gästeerlebnis in allen MGM-Einrichtungen durch Netzwerkautomatisierung zu verbessern und zukünftige Standortdienste sowie Anwendungen für maschinelles Lernen zu ermöglichen. Die Umsetzung wird die Nachhaltigkeitsziele von MGM unterstützen und gleichzeitig die Betriebszeit und Sicherheit für den 24/7-Betrieb gewährleisten.

Positive
  • Comprehensive 5.5-year agreement securing access to majority of Cisco's software portfolio
  • Network automation implementation enabling future technological advancement
  • Enhanced security and operational uptime for 24/7 operations
  • Support for sustainability goals through efficient resource management
Negative
  • None.

Insights

This strategic partnership represents a significant technological advancement for MGM Resorts' digital infrastructure. The 5.5-year Whole Portfolio Agreement gives MGM comprehensive access to Cisco's software suite, including critical components like cybersecurity, networking and digital experience assurance. The deal's value lies in three key areas:

  • Enhanced operational efficiency through network automation
  • Improved security infrastructure for 24/7 casino operations
  • Future-ready architecture supporting ML applications and location services

For Cisco, this represents a substantial enterprise contract that strengthens their position in the hospitality sector. The agreement's length and comprehensive nature suggest a significant revenue stream, while also providing a showcase for Cisco's full-stack capabilities in a high-profile implementation.

This partnership marks a significant shift in how MGM approaches guest experience enhancement through technology. The implementation of location services and machine learning applications could revolutionize personalized guest services, potentially leading to increased customer satisfaction and revenue per guest. The focus on automation and digital transformation aligns with industry trends toward contactless services and data-driven guest experiences. This positions MGM ahead of competitors in technological capabilities, particularly in areas like guest engagement and operational efficiency. The sustainability component also addresses growing ESG concerns in the hospitality sector.

Bringing the Next Generation of Guest Experience to Las Vegas and Beyond

News Summary:  

  • Global gaming and entertainment company MGM Resorts International signs a Whole Portfolio Agreement with Cisco to deliver next-generation guest experiences.
  • Agreement gives MGM Resorts access to much of Cisco's software portfolio and Customer Experience (CX) services.
  • Multi-year agreement brings simplicity and predictability as the company paves the way for future location services and next-generation machine learning applications

SAN JOSE, Calif. and LAS VEGAS, Nov. 18, 2024 /PRNewswire/ -- Cisco (NASDAQ: CSCO) and MGM Resorts International today announce that the companies have signed a Whole Portfolio Agreement (WPA), empowering MGM Resorts with the majority of Cisco's software portfolio. This includes cybersecurity, software defined networking, software defined-WAN, digital experience assurance, full-stack observability, data center and services. This agreement spans 5.5 years, benefiting guests and employees across all of MGM Resorts' properties.

"Guests expect world-class hospitality from MGM Resorts, and technology helps us deliver."

Recognized as one of FORTUNE® Magazine's World's Most Admired Companies®, MGM Resorts operates some of the most famous resorts and casinos in the world. It prides itself on delivering a winning combination of quality entertainment, luxurious destinations and exceptional guest experience.

The agreement will enable the automation of MGM Resort's network. This will pave the way for future location services and next-generation machine learning applications in the gaming and hospitality industry, unlocking new channels of guest engagement. Additionally, Cisco technology will ensure uptime and security—essential for the delivery of exceptional guest experiences in its 24/7 operations.

"Guests expect world-class hospitality from MGM Resorts, and technology helps us deliver," said Branden Newman, Chief Technology Officer, MGM Resorts International. "The new agreement with Cisco will give our employees the technology, speed and agility they need as we continue to deliver amazing guest experiences at all MGM Resorts' destinations."

Cisco and MGM Resorts' relationship dates back many years, with Cisco technology playing an integral role in MGM Resorts' operations.

The WPA strengthens this relationship. Together, the companies will ensure MGM Resorts' employees have secure access to all applications so they can continue to transform the business. Additionally, the deployment supports MGM Resorts' sustainability goals as Cisco's portfolio can be used to reduce emissions, improve resource efficiency and enable more circular business models.

"At Cisco, we securely connect everything to make anything possible," said Scott Herren, Executive Vice President and Chief Financial Officer, Cisco. "We are excited to continue our partnership with MGM Resorts in this next phase of their digital transformation. With decades of technology and expertise, Cisco aims to help MGM Resorts navigate into the future and simplify processes to drive innovation at scale."

"As the lead Cisco partner on this WPA, we look forward to delivering the outcomes expected by MGM Resorts as part of its digital transformation plans," added Marco Mohajer, President, Technologent. "Equipped with data from across the business, we can predict and proactively address MGM Resorts' technology and communication needs to deliver an exceptional customer experience."

About Cisco   
Cisco (NASDAQ: CSCO) is the worldwide technology leader that securely connects everything to make anything possible. Our purpose is to power an inclusive future for all by helping our customers reimagine their applications, power hybrid work, secure their enterprise, transform their infrastructure, and meet their sustainability goals.  Discover more on The Newsroom and follow us on X at @Cisco

Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. A listing of Cisco's trademarks can be found at www.cisco.com/go/trademarks. Third-party trademarks mentioned are the property of their respective owners. The use of the word partner does not imply a partnership relationship between Cisco and any other company.   

About MGM Resorts International  
MGM Resorts International (NYSE: MGM) is an S&P 500® global gaming and entertainment company with national and international locations featuring best-in-class hotels and casinos, state-of-the-art meetings and conference spaces, incredible live and theatrical entertainment experiences, and an extensive array of restaurant, nightlife and retail offerings. MGM Resorts creates immersive, iconic experiences through its suite of Las Vegas-inspired brands. The MGM Resorts portfolio encompasses 31 unique hotel and gaming destinations globally, including some of the most recognizable resort brands in the industry. The Company's 50/50 venture, BetMGM, LLC, offers sports betting and online gaming in North America through market-leading brands, including BetMGM and partypoker, and the Company's subsidiary, LV Lion Holding Limited, offers sports betting and online gaming through market-leading brands in several jurisdictions throughout Europe. The Company is currently pursuing targeted expansion in Asia through the integrated resort opportunity in Japan. Through its "Focused on What Matters: Embracing Humanity and Protecting the Planet" philosophy, MGM Resorts commits to creating a more sustainable future, while striving to make a bigger difference in the lives of its employees, guests, and in the communities where it operates. The global employees of MGM Resorts are proud of their company for being recognized as one of FORTUNE® Magazine's World's Most Admired Companies®. For more information, please visit us at www.mgmresorts.com. Please also connect with us @MGMResortsIntl on X as well as Facebook and Instagram.

Additional Resources:  Find more information on Cisco's software portfolio here.

 

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SOURCE Cisco Systems, Inc.

FAQ

What is included in the Cisco-MGM Resorts WPA agreement (CSCO)?

The agreement includes cybersecurity, software-defined networking, SD-WAN, digital experience assurance, full-stack observability, data center, and services, covering most of Cisco's software portfolio.

How long is the duration of Cisco's agreement with MGM Resorts (CSCO)?

The Whole Portfolio Agreement (WPA) spans 5.5 years.

What technological improvements will MGM Resorts gain from the Cisco partnership (CSCO)?

MGM Resorts will gain network automation capabilities, future location services, next-generation machine learning applications, enhanced security, and improved operational uptime.

How will the Cisco agreement affect MGM Resorts' sustainability goals (CSCO)?

Cisco's portfolio will help reduce emissions, improve resource efficiency, and enable more circular business models for MGM Resorts.

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