Mgm Resorts - MGM STOCK NEWS

Aerosmith has announced the return of their Las Vegas residency, AEROSMITH: DEUCES ARE WILD, beginning on June 17, 2022, at Dolby Live at Park MGM. This will be the first concert in Dolby Atmos technology, providing an immersive audio experience. Tickets go on sale starting March 31, 2022, with pre-sale opportunities for fan club members and Citi cardholders. The residency features a 90-minute electrifying performance and celebrates the band's 50th anniversary.

BetMGM, a leading sports betting operator, has launched its mobile app in Illinois, expanding its presence in a major U.S. betting market. The app offers diverse betting options and unique features like the exclusive One Game Parlay and a loyalty program called BetMGM Rewards. Customers can redeem points for experiences at various MGM Resorts properties. Emphasizing responsible gaming, BetMGM integrates GameSense into its platforms. The app is available on iOS, Android, and desktop, marking a strategic growth phase for the company.

MGM Resorts International (NYSE: MGM) will partake in the J.P. Morgan Gaming, Lodging, Restaurant and Leisure Management Access Forum on March 7, 2022, at 11 a.m. EST. CFO Jonathan Halkyard is scheduled to speak, and a live webcast will be available on the MGM Investor Relations website. MGM Resorts is an S&P 500 global entertainment company with a portfolio of 32 hotel and gaming destinations, including BetMGM for sports betting. The company is also expanding in Asia through opportunities in Japan.

BetMGM has signed Connor McDavid, the reigning MVP of the NHL, as its first active professional athlete brand ambassador. McDavid will appear in marketing campaigns and promotions to engage BetMGM players across North America. The announcement emphasizes BetMGM's leading position in the sports betting and iGaming market, now available in 21 markets. McDavid joins notable athletes like Wayne Gretzky in promoting the brand. BetMGM aims to expand while prioritizing responsible gaming education.

MGM Resorts International (NYSE: MGM) has announced a $2.0 billion share repurchase program, reinforcing its commitment to returning value to shareholders. This new initiative follows a previous $3.0 billion plan, where 60 million shares, valued at $2.5 billion, were bought back. As of March 1, 2022, $524.6 million remains under the old plan. The company intends to utilize those funds before initiating the new buyback. CFO Jonathan Halkyard emphasized the significant value in their shares at current levels, demonstrating confidence in future performance.

MGM Resorts and BetMGM have enhanced their responsible gaming initiative, integrating the GameSense program across both in-person and online platforms. This initiative aims to promote informed decision-making among players, featuring QR codes on slot machines offering access to responsibly gaming resources. More than 180 staff members are now certified GameSense Advisors. The initiative coincides with Problem Gambling Awareness Month and reflects a commitment to fostering a safe gaming environment, especially as sports betting markets expand.

Jonas Brothers have announced Jonas Brothers: Live in Las Vegas, an exclusive five-night residency at Dolby Live at Park MGM on June 3, 4, 9, 10, and 11, 2022. General ticket sales start on March 7, 2022, with prices beginning at $49.95. Pre-sale tickets for Citi card members will be available starting March 2, 2022. The residency follows their successful REMEMBER THIS Tour, which grossed over $36 million across 40+ dates, selling over 528,000 tickets. This event is expected to significantly boost MGM's revenue during the summer months.

Cirque du Soleil will launch 'Mad Apple,' a vibrant new Las Vegas show, at the New York-New York Hotel & Casino on May 26, 2022. The production blends music, comedy, magic, and the essence of NYC nightlife, featuring a cast of 39 performers including comedian Brad Williams and rapper Chris Turner. Previews start on May 12, with tickets priced from $49. The show promises a unique experience, integrating acts that celebrate New York's culture and creativity, aimed at providing an engaging and interactive entertainment experience for audiences.

BetMGM has entered a strategic partnership with SportsGrid, the first 24-hour sports wagering streaming network, to integrate BetMGM content into SportsGrid's programming. This collaboration aims to expand BetMGM's reach through advertisements on television and social media. BetMGM's odds and promotions will feature on popular SportsGrid shows, supported by access to BetMGM’s trading team for unique insights. Currently operational in 21 markets, BetMGM emphasizes responsible gaming education as it expands its online gaming services and sports betting offerings.