MGM RESORTS INTERNATIONAL - MGM STOCK NEWS

MGM Resorts International (NYSE: MGM) and BetMGM are expanding their responsible gaming initiatives for the 2024 NFL season. They will increase GameSense® messaging at nine NFL stadiums, promoting responsible gambling practices. BetMGM plans to release new advertisements featuring brand ambassadors to highlight responsible gaming resources.

MGM Resorts is contributing $440,000 to fund responsible gaming research through partnerships with the International Center for Responsible Gaming and Kindbridge Research Institute. The company has also certified over 500 employees in its GameSense Advisor Program. Both companies will continue to partner with the American Gaming Association's Have A Game Plan.® Bet Responsibly.™ campaign to educate bettors on responsible sports wagering.

The Fountains of Bellagio celebrated its 25th anniversary by unveiling its 40th show, choreographed by Marriott Bonvoy Elite member Scott Krupa. This marks the first time a guest has created a Fountains of Bellagio show, facilitated through the Marriott Bonvoy Moments platform. Krupa, from Atlanta, redeemed over 2.4 million Marriott Bonvoy points for this once-in-a-lifetime experience. The partnership between MGM Resorts and Marriott Bonvoy offers members unique opportunities to redeem points for extraordinary experiences. MGM Collection with Marriott Bonvoy features 16 iconic hotels and resorts, including Bellagio, ARIA, and The Cosmopolitan of Las Vegas. The Marriott Bonvoy Moments platform provides an array of exclusive experiences, and more are set to launch during the Formula 1 Las Vegas Grand Prix this fall.

BetMGM, a leading iGaming and sports betting company, has introduced a groundbreaking feature for Nevada bettors: seamless nationwide connectivity through a single digital wallet. This innovation allows Nevada residents and visitors to wager in the state and carry their funds to BetMGM mobile markets nationwide, making it the first sports betting app to offer this convenience.

Key points:

• Users can sign up once in-person at an MGM Resorts property in Nevada
• The app is available across all U.S. BetMGM mobile markets
• New Nevada customers can receive a first bet offer of up to $250 in bonus bets
• BetMGM operates in 29 markets across North America
• The company focuses on responsible gambling education, integrating GameSense into its platforms

MGM Resorts International (NYSE: MGM) has appointed Keith Barr, former CEO of IHG Hotels & Resorts, to its Board of Directors. Barr, with over 30 years of experience in the hospitality industry, becomes the 12th board member. His tenure at IHG included successful initiatives that increased revenues, improved operational efficiency, and built a more customer-centric culture.

Paul Salem, Chair of the MGM Resorts Board, praised Barr's leadership skills and innovation, while CEO Bill Hornbuckle highlighted the value of Barr's expertise in building a successful international business as MGM pursues its own global growth strategy. Barr's experience spans roles as CEO of Greater China, COO of Australia and New Zealand, and various positions in the Americas with IHG.

MGM Resorts International (NYSE: MGM) has been named a Pinnacle Inclusion Index Company in the 2024 Seramount Inclusion Index for the second consecutive year. This recognition highlights MGM Resorts' commitment to fostering an equitable and inclusive workplace across its operations. The company excelled in three key areas: effective practices in recruitment, retention, and advancement of underrepresented groups; fostering an inclusive corporate culture; and demographic workforce diversity.

Out of 160 organizations that applied, only 29 achieved the highest-rated Pinnacle tier. Chief People, Inclusion and Sustainability Officer Jyoti Chopra emphasized the company's dedication to cultivating a culture of belonging and opportunity. This recognition underscores MGM Resorts' commitment to its core values and its focus on empowering and supporting its employees.

MGM Resorts International and Grupo Globo have formed a new venture to seek a sports betting and iGaming license in Brazil. The venture aims to launch under the BetMGM brand in early 2025, pending regulatory approval. This strategic alliance combines MGM Resorts' gaming expertise with Grupo Globo's market reach and consumer knowledge in Brazil.

Key points:

• Brazil has over 20 million active bettors and an estimated market size of $3+ billion
• The venture will have exclusive rights to MGM Resorts' iconic brands
• Headquarters will be established in Sao Paulo
• The Brazilian market is growing at double-digit rates annually

This move aligns with MGM Resorts' goal to become the world's premier gaming entertainment company and marks a significant step in their growth strategy.

MGM China Holdings (SEHK: 2282) reported strong financial results for the first half of 2024. Net revenue grew by 52% year-on-year to HK$16.2 billion, reaching 144% of the same period in 2019. Adjusted EBITDA increased by 57% to HK$4.9 billion, surpassing pre-COVID levels at 161% of 2019. The company's market share climbed to 16.5%, up from 14.9% a year ago and 9.5% in 2019. MGM COTAI and MGM MACAU both showed significant improvements in revenue and adjusted EBITDA. The Group maintained a healthy financial position with total liquidity of approximately HK$16 billion. MGM China continues to focus on non-gaming events and international market expansion to align with Macau's vision of becoming a global, diversified tourist destination.

MGM Resorts International reported record Q2 2024 results, with consolidated net revenues of $4.3 billion, up 10% year-over-year. Key highlights include:

- Record MGM China Adjusted Property EBITDAR of $294 million, up 40% YoY
- Net income of $187 million and consolidated Adjusted EBITDAR of $1.2 billion
- Las Vegas Strip net revenues up 3% to $2.2 billion
- Repurchased ~10 million shares for $413 million

The company made progress on its international digital strategy, announcing the acquisition of Tipico's U.S. platform and a strategic relationship with Playtech. MGM remains focused on returning capital to shareholders and driving Free Cash Flow growth.

The Cosmopolitan of Las Vegas has been officially integrated into MGM Rewards, allowing members to earn and redeem rewards at this luxury resort. This integration marks a significant milestone, introducing The Cosmopolitan's amenities to a broader audience while offering its loyal guests access to over 20 MGM Resorts properties nationwide.

Former Identity members of The Cosmopolitan can now enjoy perks across MGM Resorts' portfolio, including access to over 40,000 hotel rooms, 400+ restaurants and bars, and world-class entertainment. MGM Rewards members with select Tier Status will benefit from enhanced perks at The Cosmopolitan, such as priority access, waived resort fees, and various credits.

The integration process involved transferring Identity Points to MGM Rewards Points and SLOT DOLLARS®. The Cosmopolitan will maintain its affiliation with Marriott Bonvoy's Autograph Collection brand and participate in MGM Collection with Marriott Bonvoy.