STOCK TITAN

MGM Resorts International And Entain plc Announce BetMGM Business Update Event

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

MGM Resorts International (NYSE: MGM) and Entain plc (LSE: ENT) will host a business update event on April 21, 2021, focusing on their joint venture, BetMGM LLC. The virtual event, starting at 11:00 a.m. EDT, aims to provide insights into the growing U.S. sports betting and iGaming market. BetMGM, a leading player in online gaming, offers exclusive access to MGM's sports betting and online gaming operations, utilizing Entain's advanced technology. Further registration details will be shared prior to the event.

Positive
  • Upcoming event to provide insights into the expanding U.S. sports betting and iGaming market.
  • BetMGM's exclusive access to MGM's land-based and online sports betting enhances market positioning.
Negative
  • None.

LAS VEGAS, March 1, 2021 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) and Entain plc (LSE: ENT), together with their venture in the U.S. BetMGM LLC ("BetMGM"), will host a business update event for analysts and investors on Wednesday, April 21, 2021. The event will provide deeper insights into the rapidly growing U.S. sports betting and iGaming business of BetMGM.

The virtual event is expected to begin at 11:00 a.m. EDT (4:00 p.m. BST / 8:00 a.m. PDT). Further details, including registration, will be released in due course.

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 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. Founded in 2018, BetMGM is headquartered in New Jersey. For more information, visit www.betmgminc.com.

ABOUT MGM RESORTS INTERNATIONAL
MGM Resorts International (NYSE: MGM) is an S&P 500® global 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 29 unique hotel and destination gaming offerings in the United States and Macau, including some of the most recognizable resort brands in the industry such as Bellagio, MGM Grand, ARIA and Park MGM. The Company's 50/50 venture, BetMGM, LLC, offers U.S. sports betting and online gaming through market-leading brands, including BetMGM and partypoker. 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" initiative, 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 bwin, Coral, Crystalbet, Eurobet, Ladbrokes, Neds and Sportingbet; Gaming Brands include CasinoClub, Foxy Bingo, Gala, Gioco Digitale, partypoker and PartyCasino. The Group owns proprietary technology across all of 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 also entered into a joint-venture with MGM Resorts to capitalise on the sports-betting and gaming opportunity in the US. The Group is tax resident in the UK with licenses in more than 20 countries, across five continents. For more information see the Group's website: www.entaingroup.com

MGM RESORTS INTERNATIONAL CONTACTS

Investment Community

News Media

CATHERINE PARK

BRIAN AHERN

Executive Director, Investor Relations

Director of Media Relations   

cpark@mgmresorts.com

media@mgmresorts.com


ENTAIN PLC CONTACT

David Lloyd-Seed

Director of Investor Relations & External Communications

investors@entaingroup.com


BETMGM CONTACT

Elisa Richardson

Head of Communications

press@betmgm.com

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/mgm-resorts-international-and-entain-plc-announce-betmgm-business-update-event-301236956.html

SOURCE MGM Resorts International

FAQ

When is the MGM Resorts and Entain BetMGM business update event?

The BetMGM business update event is scheduled for April 21, 2021.

What will be discussed during the BetMGM business update event?

The event will focus on insights into the growing U.S. sports betting and iGaming business of BetMGM.

What time does the BetMGM business update event start?

The event is set to begin at 11:00 a.m. EDT.

Who are the partners involved in BetMGM?

BetMGM is a joint venture between MGM Resorts International and Entain plc.

How does BetMGM utilize Entain's technology?

BetMGM utilizes Entain's US-licensed, state-of-the-art technology for its sports betting and online gaming operations.

MGM RESORTS INTERNATIONAL

NYSE:MGM

MGM Rankings

MGM Latest News

MGM Stock Data

10.95B
303.77M
22.25%
69.75%
5.01%
Resorts & Casinos
Hotels & Motels
Link
United States of America
LAS VEGAS