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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
MGM Resorts International is aware of DraftKings' potential offer for Entain plc. As Entain's exclusive U.S. online sports betting partner via BetMGM, MGM asserts that any competing business ownership by Entain will require its consent. MGM emphasizes the importance of maintaining control over BetMGM to capture growth in the U.S. online market. The company intends to engage with both Entain and DraftKings to address exclusivity arrangements. PJT Partners is advising MGM in this matter.
Everi Digital, the online gaming division of Everi Holdings, has partnered with BetMGM to introduce the custom-themed game Borgata 777 Respin. This title is accessible via BetMGM Casino and Borgata Casino in New Jersey and Pennsylvania. It features a re-spin bonus and various multipliers, enhancing player engagement. David Lucchese, Everi's EVP, emphasized the collaboration's aim to deliver vibrant gaming experiences. This marks Everi's first partnership game with BetMGM, adding to their digital content portfolio.
MGM Resorts International (NYSE: MGM) will participate in the J.P. Morgan Gaming, Lodging, Restaurant and Leisure Management Access Forum on September 13, 2021. CEO Bill Hornbuckle is set to speak at 11:15 a.m. Eastern Time. Investors can access a live webcast of the session on the MGM Investor Relations website. MGM Resorts is recognized as an S&P 500 global entertainment company, known for its luxury hotels, casinos, and entertainment venues. The company is also actively expanding in Asia, particularly in Japan, through integrated resort opportunities.
BetMGM has launched its digital sports betting platform in Arizona, marking the 15th market for its mobile and online offerings. With strategic partnerships with Gila River Hotels & Casinos and the Arizona Cardinals, BetMGM aims to enhance the betting experience for Arizona customers. Upcoming BetMGM Sportsbooks will be established in Gila River's locations and State Farm Stadium. The user-friendly BetMGM app allows for customizable wagers and integrates with MGM Resorts' M life Rewards program. BetMGM emphasizes its commitment to responsible gaming as it expands its services.
MGM Resorts International (NYSE: MGM) will participate in the virtual Bank of America Securities 2021 Gaming and Lodging Conference on September 9, 2021. CFO Jonathan Halkyard is scheduled to speak at 4:30 p.m. ET. Investors can view the session through a live webcast on the MGM Investor Relations website.
MGM Resorts operates globally with 31 hotel and gaming destinations, recognized for delivering exceptional entertainment experiences. The company is also pursuing expansion in Asia, particularly Japan.
BetMGM has partnered with TAPPP to introduce gift cards available at major grocery and convenience stores in select U.S. states. The gift cards, available in $25 and $50 denominations, aim to provide a convenient funding option for BetMGM accounts as the football season begins. With over 6,000 retail locations, this move enhances accessibility for sports bettors. The partnership aligns with BetMGM's commitment to responsible gaming, offering resources for safe play. This initiative reflects the growing demand for flexible payment options in the sports betting industry.
Casino del Mar at La Concha Resort has partnered with BetMGM to expand sports betting in Puerto Rico. This marks BetMGM's first market access agreement outside the U.S. mainland, subject to regulatory approval. Sports betting will be available both retail and online, with plans to launch a retail sportsbook and the BetMGM mobile app. Officials express this partnership's potential to enhance local tourism and the economy. BetMGM aims to provide responsible gaming resources as it grows into new markets.
BetMGM has officially launched its mobile sports betting platform in Wyoming, becoming one of the first operators in the state. This marks Wyoming as the 14th market for BetMGM ahead of the football season. CEO Adam Greenblatt expressed excitement over this expansion, highlighting its significance in extending their footprint in the West. The BetMGM app offers various betting options, integrating with MGM Resorts' M life Rewards program for customer benefits.
On August 19, 2021, BetMGM announced a partnership with Liv Hospitality to launch sports betting at Tin Lizzie Gaming Resort and Cadillac Jack's in Deadwood, South Dakota. This follows the approval of the Deadwood Sports Betting Legalization Amendment by voters on November 3, 2020. Pending regulatory approval, BetMGM's mobile app will be available within both resorts, alongside retail sportsbooks featuring kiosks and counter wagering. BetMGM CEO Adam Greenblatt emphasized the partnership's potential to enhance the sports betting experience for local fans.
On August 9, 2021, BetMGM announced partnerships with Gila River Hotels & Casinos and the Arizona Cardinals to expand its sports betting operations in Arizona. The collaboration includes retail sportsbooks at Gila River's three Arizona locations and State Farm Stadium, aiming for a launch in time for the 2022 NFL season. BetMGM’s CEO expressed confidence in delivering a premier sports betting experience, while Gila River's CEO highlighted the synergy with both partners. Responsible gaming remains a key focus as BetMGM continues to grow in new markets.
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