MGM RESORTS AND ENTAIN NOTICE OF BETMGM 1H 2024 UPDATE

Rhea-AI Summary

BetMGM, a leading sports betting and iGaming operator in the U.S., jointly owned by MGM Resorts International (NYSE: MGM) and Entain plc (LSE: ENT), will release an update on its 1H 2024 performance on Monday, July 29, 2024 at 8:30 a.m. Eastern Time. This update precedes the upcoming financial results announcements for MGM Resorts International (2Q 2024 on July 31) and Entain Group (1H 2024 on August 8).

BetMGM, founded in 2018, offers sports betting and online gaming through brands including BetMGM, Borgata Casino, Party Casino, and Party Poker. The company leverages Entain's technology and MGM Resorts' land-based and online gaming businesses to pioneer in the online gaming industry.

Positive

• BetMGM is a market-leading sports betting and iGaming operator in the U.S.
• BetMGM has exclusive access to MGM's U.S. land-based and online sports betting, major tournament poker, and online gaming businesses
• BetMGM utilizes Entain's North America-licensed, state-of-the-art technology

Negative

• None.

LAS VEGAS, July 22, 2024 /PRNewswire/ -- BetMGM, LLC ("BetMGM"), one of the leading sports betting and iGaming operators across the U.S., jointly owned by MGM Resorts International (NYSE: MGM) ("MGM Resorts") and Entain plc (LSE: ENT) ("Entain"), will release an update on BetMGM's 1H 2024 performance at 8:30 a.m. Eastern Time (1:30pm UK) on Monday, July 29, 2024. 

Upcoming dates
July 31: MGM Resorts International 2Q 2024 Results
August 8: Entain Group 1H 2024 Results

About BetMGM
BetMGM is a market-leading sports betting and gaming entertainment company, pioneering the online gaming industry. Born out of a partnership between MGM Resorts International (NYSE: MGM) and Entain Plc (LSE: ENT), BetMGM has exclusive access to all of MGM's U.S. land-based and online sports betting, major tournament poker, and online gaming businesses. Utilizing Entain's North America-licensed, state of the art technology, BetMGM offers sports betting and online gaming via market-leading brands including BetMGM, Borgata Casino, Party Casino and Party Poker. Founded in 2018, BetMGM is headquartered in New Jersey. For more information, visit http://www.betmgminc.com/.

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 Twitter as well as Facebook and Instagram.

About Entain PLC
Entain plc (LSE: ENT) is a FTSE100 company and is one of the world's largest sports betting and gaming groups, operating both online and in the retail sector. The Group owns a comprehensive portfolio of established brands; Sports brands include BetCity, bwin, Coral, Crystalbet, Eurobet, Ladbrokes, Neds, Sportingbet, Sports Interaction, STS, SuperSport and TAB NZ; Gaming brands include Foxy Bingo, Gala, GiocoDigitale, Ninja Casino, Optibet, Partypoker and PartyCasino. The Group owns proprietary technology across all its core product verticals and in addition to its B2C operations provides services to a number of third-party customers on a B2B basis.

The Group has a 50/50 joint venture, BetMGM, a leader in sports betting and iGaming in the US. Entain provides the technology and capabilities which power BetMGM as well as exclusive games and products, specially developed at its in-house gaming studios. The Group is tax resident in the UK and is the only global operator to exclusively operate in domestically regulated or regulating markets operating in over 30 territories.

Entain is a leader in ESG, a member of FTSE4Good, the DJSI and is AA rated by MSCI. For more information see the Group's website: www.entaingroup.com

BETMGM CONTACT:
WITEK WACINSKI
Senior Vice President – Strategy & Development
witek.wacinski@betmgm.com 

MGM RESORTS CONTACTS:
Investment Community
ANDREW CHAPMAN
Director, Investor Relations
achapman@mgmresorts.com

News Media
BRIAN AHERN
Executive Director, Media Relations
media@mgmresorts.com

ENTAIN CONTACT:
Investment Community
DAVINA HOBBS
Director of Investor Relations
investors@entaingroup.com

AIMEE REMEY
VP of US Investor Relations

CALLUM SIMS
Senior Manager of Investor Relations

News Media
LISA ATTENBOROUGH
Head of Media Relations
media@entaingroup.com

JODIE HITCH
PR Manager

View original content:https://www.prnewswire.com/news-releases/mgm-resorts-and-entain-notice-of-betmgm-1h-2024-update-302202149.html

SOURCE BetMGM, LLC

FAQ

When will BetMGM release its 1H 2024 performance update?

BetMGM will release its 1H 2024 performance update on Monday, July 29, 2024, at 8:30 a.m. Eastern Time (1:30 pm UK).

Who are the joint owners of BetMGM?

BetMGM is jointly owned by MGM Resorts International (NYSE: MGM) and Entain plc (LSE: ENT).

What are the main brands operated by BetMGM?

BetMGM operates several brands including BetMGM, Borgata Casino, Party Casino, and Party Poker.

When will MGM Resorts International release its 2Q 2024 results?

MGM Resorts International will release its 2Q 2024 results on July 31, 2024.