MGM RESORTS INTERNATIONAL - MGM STOCK NEWS

On October 13, 2020, BetMGM announced the launch of its new Parlay Builder, a same-game-parlay product powered by Betgenius, enhancing betting options for U.S. sports. This product allows users to customize bets across major leagues, including NFL, NBA, and soccer, with MLB and NHL to follow. BetMGM aims to offer over 400 bet types within the same game, catering to both serious and recreational bettors. The Parlay Builder is expected to replicate the success of BetBuilder in Europe, providing BetMGM with a significant competitive advantage.

BetMGM has announced the launch of Parlay Builder, a new same-game-parlay product tailored for U.S. sports. This innovative feature offers players extensive betting options across major leagues, including more than 400 bet-types. The product is powered by BetBuilder, developed in collaboration with Betgenius and Sportcast, enhancing user experience and engagement for both serious and casual bettors. BetMGM aims to replicate the success of BetBuilder seen in Europe, positioning itself as a leader in the U.S. sports betting market.

MGM Resorts International announced the pricing of a public offering of $750 million in 4.750% senior notes due 2028, up from an initial $500 million. The offering is set to close on October 13, 2020, subject to standard conditions. The proceeds will be used for general corporate purposes, potentially refinancing existing debt. The notes will be unsecured senior obligations, guaranteed by the company's wholly owned subsidiaries. This offering aims to enhance liquidity amidst uncertainties, including the impacts of COVID-19 on the business.

MGM Resorts International (NYSE: MGM) announced a proposed offering of $500 million in senior notes due 2028. The net proceeds will be used for general corporate purposes, potentially including refinancing debt. These notes will be general unsecured obligations, secured by guarantees from the Company’s subsidiaries. The offering is managed by several financial institutions, including BofA Securities and J.P. Morgan. This announcement does not constitute an offer to sell securities in jurisdictions where it is illegal.

MGM Resorts International (NYSE: MGM) has unveiled its "Convene with Confidence" plan to safely resume meetings and conventions across its properties. This initiative is backed by extensive consultations with experts and enhances its existing Seven-Point Safety Plan.

Key features include multi-layered health screenings using CLEAR's Health Pass, rapid COVID-19 testing with results in about 20 minutes, and thorough protocols for event planning, arrival procedures, cleaning, physical distancing, and catering.

The Tennessee Titans have partnered with BetMGM, marking Tennessee's first official sports betting partnership with a professional sports team. Announced on September 28, 2020, this collaboration allows BetMGM to enhance fan engagement through brand visibility during games and exclusive naming rights to the Titans' television studio. BetMGM will launch its mobile app in Tennessee on November 1, pending regulatory approval. The partnership represents a strategic expansion for MGM Resorts and GVC Holdings in the growing U.S. sports betting market.

The Tennessee Titans have officially partnered with BetMGM, marking the first sports betting collaboration in Tennessee. This historic partnership will enhance fan engagement through brand visibility across Titans digital platforms, including exclusive naming rights for the team's television studio. The BetMGM mobile app is set to launch in Tennessee on November 1, pending regulatory approval. This collaboration aims to create new experiences for Titans fans and support community initiatives through sponsorships and events.

BetMGM has announced that award-winning artist Jamie Foxx will star in their new advertising campaign, The King of Sportsbooks. This initiative aims to spotlight the thrill of sports betting and will feature various traditional and social media ads, including a video set against the Fountains of Bellagio in Las Vegas. The campaign, created with 72andSunny, intends to bolster BetMGM's brand presence as it seeks to expand its user base and market reach. BetMGM operates in seven states, with plans to expand to eleven by the end of 2020.