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MGM Resorts International (NYSE: MGM) is a leading global entertainment company known for its world-renowned resorts and casinos. Operating 31 unique hotel and gaming destinations worldwide, MGM Resorts creates immersive experiences through its Las Vegas-inspired brands. With flagship properties such as MGM Grand, Bellagio, and Mandalay Bay on the Las Vegas Strip, MGM is the largest resort operator in the area, boasting 35,000 guest rooms and suites.
Recent Achievements: MGM Resorts received the prestigious 'A' for environmental leadership and an 'A-' in water security, placing it in the top 0.015% of reporting companies. The company’s dedication to sustainability is evident through its
Bally Sports has partnered with BetMGM to launch Live on the Line, Powered by BetMGM, its first sports betting program. The show airs weekdays at 12:00 PM ET on Bally Sports' 19 regional networks and the Bally Sports app. It delivers expert betting insights and engaging content aimed at both serious bettors and casual fans. Steve Rosenberg, President of Bally Sports, highlighted this initiative as a significant step in enhancing viewer engagement and driving interest in live game broadcasts. The program is produced in Chicago with contributions from various sports personalities.
Shift4 (NYSE: FOUR) has partnered with T-Mobile Arena in Las Vegas to enhance mobile commerce and payment processing. This collaboration will implement Shift4's VenueNext point-of-sale solution, improving food and beverage purchasing for fans. The integration includes mobile wallet and fan loyalty features, streamlining the event experience. T-Mobile Arena aims to reduce technology costs and complexity while providing cutting-edge services. As a prominent venue hosting over 100 events annually, this partnership solidifies Shift4's role in enabling modern payment solutions.
Multi-GRAMMY Award-nominated duo Silk Sonic is set to debut an extended engagement at Dolby Live at Park MGM in Las Vegas starting February 25. The performance schedule includes various dates in February and April, with tickets priced from $125. Pre-sales begin on January 19 for M life Rewards members and Live Nation customers. Silk Sonic, known for hits like "Leave The Door Open," will bring their unique sound to the stage as they continue to garner acclaim, including four Grammy nominations.
BetMGM, jointly owned by MGM Resorts International and Entain, announces strong performance in 2021, projecting net revenue of approximately $850 million, a 5x increase from 2020. The company holds a 24% market share in U.S. sports betting and remains a leader in iGaming with 30% market share. For 2022, BetMGM expects net revenue to exceed $1.3 billion. The company plans to expand into new jurisdictions and anticipates reaching positive EBITDA by 2023, backed by a total investment of $450 million for 2022.
BetMGM, a leading sports betting and iGaming operator co-owned by MGM Resorts and Entain, will release an update on its 2021 performance and 2022 outlook on January 19, 2022, at 8:30 a.m. ET. A conference call will follow at 10:00 a.m. ET, featuring an overview of results and a Q&A session. The call can be accessed through a provided link or by dialing specific numbers. The press release includes forward-looking statements highlighting risks under the Private Securities Litigation Reform Act. For more details, visit BetMGM's or MGM Resorts' websites.
BetMGM has announced the launch of its online sportsbook in New York on January 17, 2022. This launch allows players in the state to enjoy an enhanced betting experience while accessing exclusive offers related to partnerships with the Knicks, Rangers, and Madison Square Garden.
The BetMGM app will be available for iOS, Android, and desktop users, integrating with the M life Rewards program for premium rewards at MGM properties.
BetMGM and the Arizona Cardinals announced the upcoming opening of the BetMGM Sportsbook at State Farm Stadium, set to debut for the 2022 football season. Spanning nearly 17,000 square feet, this sportsbook will be the first at an NFL stadium, featuring over 25 betting kiosks, a 265-square-foot video wall, and a capacity of 500 guests. It aims to enhance the fan experience on both event and non-event days. The partnership aligns with BetMGM's mobile app launched in Arizona in September 2021, representing their commitment to responsible gaming.
MGM Resorts announced the launch of its MGM Rewards loyalty program on February 1, designed to reward both gaming and non-gaming guests. This program allows all members to earn MGM Rewards Points on various expenditures, redeemable for complimentary services. New benefits include waived resort fees, tier credits for hotel stays, and exclusive events. Additionally, the Tier Credit multiplier promotion will run from February 1 to April 30, 2022, offering a 2x Tier Credit on qualifying spend.
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