BetMGM Hires Andrew Hagopian as Chief Legal Officer

Rhea-AI Summary

BetMGM has announced the appointment of Andrew Hagopian as Chief Legal Officer, effective immediately. Hagopian, previously Chief Corporate Counsel at MGM Resorts International, will lead the legal and compliance teams at BetMGM, reporting directly to CEO Adam Greenblatt. His experience includes overseeing legal matters related to gaming regulations and corporate governance. Hagopian holds a J.D. from Georgetown University Law Center and a B.S. from the University of Southern California. This leadership change aims to strengthen compliance as the company expands its operations.

Positive

• Andrew Hagopian's extensive legal expertise is expected to enhance BetMGM's compliance and regulatory framework.
• His background includes pivotal roles that will contribute to BetMGM's strategic growth in the gaming industry.

Negative

• Concerns may arise regarding potential gaps in leadership continuity during the transition phase.

JERSEY CITY, N.J., Nov. 12, 2020 /PRNewswire/ -- BetMGM, a leading sports betting and digital gaming entertainment company, today announced Andrew Hagopian will join BetMGM's executive team as Chief Legal Officer. Hagopian will oversee the company's legal and compliance departments and will report to BetMGM's CEO, Adam Greenblatt.

Most recently, Hagopian was Chief Corporate Counsel of MGM Resorts International, where he was instrumental in the collaboration with GVC Holdings to establish BetMGM in 2018. At MGM Resorts, Hagopian led a team of attorneys and other professionals responsible for legal aspects of gaming regulatory matters, property operations, joint ventures, corporate transactions, sports and entertainment, development, intellectual property, data privacy, corporate governance, securities, finance and enterprise contracts.

"BetMGM resides at the intersection of technology and gaming," said Hagopian. "This is an exciting opportunity to leverage my industry and transactional experience at a fast-moving company in a complex, regulated environment where a strong continued commitment to excellence in compliance will be essential to our success." 

Adam Greenblatt, CEO, BetMGM said, "Andrew's deep industry experience, and proven ability to build and lead a world-class legal team, will serve BetMGM well as we continue to grow rapidly in a dynamic industry."

Prior to MGM Resorts, Hagopian was an attorney with Gibson Dunn, a top-tier international law firm representing many Fortune 100 companies. At the firm, he was a member of the corporate transactions and securities practice group, negotiated complex M&A transactions and advised public companies on governance and securities law matters.

Hagopian holds a J.D. from the Georgetown University Law Center and a B.S. in Business Administration from the University of Southern California Marshall School of Business.

For more information, follow @BetMGM on Twitter.

ABOUT BETMGM

BetMGM is a market leading sports betting and digital gaming entertainment company, pioneering the online gaming industry. Born out of a partnership between MGM Resorts International (NYSE: MGM) and GVC Holdings Plc (LSE: GVC), 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 GVC's US-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. For more information, visit http://www.betmgminc.com/.

Statements in this release that are not historical facts are "forward-looking" statements and "safe harbor statements" within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and/or uncertainties, including BetMGM's ability to grow in new or existing jurisdictions. Management has based forward-looking statements on current expectations and assumptions and not on historical facts. Among the important factors that could cause actual results to differ materially from those indicated in such forward-looking statements include the effects of economic and market conditions in the jurisdictions in which BetMGM operates, competition with other iGaming and sports betting platforms, the timing and costs of expanding in new jurisdictions as well as obtaining and maintaining the required permits, licenses, financings, approvals and other contingencies in connection with growth in new or existing jurisdictions. In providing forward-looking statements, BetMGM is not undertaking any duty or obligation to update these statements publicly as a result of new information, future events or otherwise, except as required by law. If BetMGM updates one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those other forward-looking statements.

MEDIA CONTACT
BetMGM
Elisa Richardson
press@betmgm.com

 

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SOURCE MGM Resorts International

FAQ

Who is Andrew Hagopian and what is his role at BetMGM?

Andrew Hagopian is the newly appointed Chief Legal Officer at BetMGM, responsible for overseeing the company's legal and compliance departments.

What experience does Andrew Hagopian bring to BetMGM?

Hagopian has significant experience in gaming regulation and corporate governance, previously serving as Chief Corporate Counsel at MGM Resorts International.

Why is Andrew Hagopian's appointment important for BetMGM?

His appointment is crucial for strengthening BetMGM's legal compliance and supporting its growth in a regulated gaming environment.

How might Hagopian's leadership impact BetMGM's future?

Hagopian's leadership could enhance the company's compliance efforts and strategic direction as it expands in the gaming sector.