Mgm Resorts - MGM STOCK NEWS

MGM Resorts International announced the appointment of Jeff Mochal as Senior Vice President of Corporate Communications on March 29, 2021. Mochal, previously with LPL Financial, will lead corporate communications, media relations, and sustainability strategies. He brings extensive experience from senior positions at McDonald's and other firms. Ayesha Molino has been promoted to Senior Vice President of Public Affairs, overseeing public affairs and communications strategies. This move is crucial as MGM aims to capitalize on opportunities in mobile gaming post-pandemic.

MGM Resorts International received a Gold award for Corporate Social Responsibility and a Bronze award in Integrated Marketing at the 64th Adrian Awards, a leading global travel marketing competition. Recognized for COVID-19 relief efforts, MGM donated over 662,000 pounds of food and provided $15.5 million in financial assistance to employees. The marketing team launched a 'Together at Home' campaign, achieving a 200% increase in engagement on social media. The awards highlight innovative practices in hospitality during the ongoing pandemic.

BetMGM has officially launched BetMGM Poker in Michigan, enhancing its gaming portfolio alongside previous offerings in the state. This launch makes Michigan the second U.S. state to feature BetMGM Poker, powered by partypoker US network. New players can enjoy a $25 bonus and a 100% deposit match up to $600. Additionally, players can participate in a $50,000 Freeroll Invitational Tournament on April 4th. The app is available on iOS, Android, and desktop, integrating with MGM Resorts' M life Rewards program to offer exclusive benefits.

MGM Resorts International announced the redemption of approximately 37.1 million operating partnership units of MGM Growth Properties for $1.2 billion in cash. Following this redemption, MGM's ownership in the Operating Partnership dropped from 53.0% to 42.1%. CFO Jonathan Halkyard emphasized the company's asset-light strategy and strong liquidity position, indicating a focus on capital allocation to boost shareholder value and pursue growth opportunities as business recovery progresses.

Buffalo Wild Wings and BetMGM have partnered to enhance sports betting within select sports bars across Colorado, New Jersey, Indiana, Iowa, Tennessee, and West Virginia. This innovative partnership utilizes geolocation technology to offer tailored promotions and betting options for patrons. Additionally, BetMGM introduces an in-bar channel, OT Odds Powered by BetMGM, delivering live game odds and betting insights. The partnership aims to redefine fan engagement, with significant participation in their free-to-play games since their inception.

MGM Resorts International and BetMGM will participate in the J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum on March 11, 2021. CEO Bill Hornbuckle and CFO Jonathan Halkyard will present at 11:00 a.m. ET, followed by BetMGM CEO Adam Greenblatt at 11:45 a.m. ET. A live audio webcast will be accessible via the MGM Resorts Investor Relations website.

MGM Resorts International (NYSE: MGM) and BetMGM have announced a unified commitment to responsible gaming, coinciding with Problem Gambling Awareness Month in March. They aim to offer tools and education to assist players in making informed gaming choices. BetMGM will implement a weekly educational series for staff, focusing on problem gambling insights and prevention strategies. Additionally, they are promoting the Eighth Annual Gambling Disorder Screening Day, enhancing resources within the BetMGM app. MGM's GameSense program has been recognized for integrating responsible gaming practices throughout its operations.

MGM Resorts International has partnered with The Clorox Company as the exclusive provider of disinfectant and hand sanitizing products across over 20 of its properties in Las Vegas and the U.S. Clorox will supply disinfectant wipes and hand sanitizer to enhance guest safety in alignment with MGM's Seven-Point Safety Plan, initiated to prioritize health amid the ongoing pandemic. This collaboration highlights MGM's commitment to providing a safe environment for guests and employees, leveraging Clorox's expertise in cleaning products.