MGM RESORTS INTERNATIONAL - MGM STOCK NEWS

MGM Resorts and Real Vision will host The Takeover, a premier blockchain conference from December 9-11, 2021, in Las Vegas. The event will take place at multiple MGM properties and is expected to attract over 500 attendees, featuring keynote speakers like Dan Morehead and Caitlin Long. Attendees will experience an array of immersive events including panels and after-parties. Additionally, an online experience will offer virtual sessions and access to exclusive content for thousands unable to attend in person.

On November 5, 2021, BetMGM launched its first retail sportsbook at Vee Quiva in Arizona, marking a significant expansion in the sports betting sector. This venue features 25 large screen displays and accommodates over 100 guests, along with 20 betting kiosks. BetMGM's CEO, Adam Greenblatt, highlighted this as a key development in their partnership with Gila River Hotels & Casinos. Additional sportsbooks are planned at Wild Horse Pass and Lone Butte, with the aim of enhancing the sports betting experience in Arizona.

BetMGM has announced the signing of former NFL running back Chris Johnson as its new brand ambassador. Johnson, renowned for his remarkable career and impressive statistics, will be featured in upcoming marketing campaigns and promotions. BetMGM is looking to enhance its presence in Tennessee and Arizona, leveraging Johnson's popularity to engage fans. The company emphasizes its commitment to responsible gaming education as it continues its expansion in the digital gaming landscape.

MGM Resorts International (MGM) reported strong financial results for Q3 2021, with consolidated net revenues of $2.7 billion, up 140% year-over-year. The company's operating income reached $1.9 billion, compared to a loss of $495 million in Q3 2020. Net income attributable to MGM was $1.4 billion, and diluted EPS was $2.77. MGM's liquidity position remains robust, with total liquidity of $9.8 billion. Notable developments include the acquisition of The Cosmopolitan of Las Vegas for $1.625 billion and continued focus on enhancing shareholder value.

MGM Resorts International (NYSE: MGM) is set to host the United Service Organization (USO) Experience - Salute to the Troops from November 4-8, 2021. This annual event honors 95 wounded warriors and includes exclusive experiences in Las Vegas. Activities will feature a welcome procession at The Mirage Resort & Casino, excursions to local attractions, and a concert at Nellis Air Force Base. CEO Bill Hornbuckle expressed gratitude for U.S. service members, emphasizing MGM's commitment to honoring their sacrifices through this program.

VICI Properties Inc. (NYSE: VICI) announced stockholder approval for the issuance of common stock related to its acquisition of MGM Growth Properties LLC (NYSE: MGP). Over 99.9% of votes favored the proposal during a special meeting, representing about 90% of VICI's outstanding shares. Shareholders of MGP Class A will receive 1.366 shares of VICI stock per MGP Class A share. The transaction is set to close in the first half of 2022, pending regulatory approvals and customary closing conditions.

On Oct. 28, 2021, BetMGM launched the BetMGM Horse Racing mobile app in Ohio, aiming to expand into additional markets. This app enables customers to watch and wager on over 200 tracks globally, featuring marquee events like the Kentucky Derby and international races such as the Melbourne Cup. Developed in partnership with NYRA Bets, the app offers live streaming, race replays, and convenient betting options. The initiative reflects BetMGM's commitment to enhancing the horse racing experience and responsible gaming education.