MGM Resorts International reports developments across its integrated resort, casino, digital gaming, and hospitality operations. Recurring updates cover Las Vegas Strip Resorts, Regional Operations, MGM China in Macau, MGM Digital, and the BetMGM North America venture for sports betting and iGaming. News also includes quarterly operating results, guest-experience investments at MGM MACAU and MGM COTAI, brand partnerships, and capital-allocation actions.
Company announcements also document portfolio changes such as the completed sale of MGM Northfield Park operations and related lease amendments tied to the company’s regional casino footprint.
Mandalay Bay Resort & Casino in Las Vegas has announced a $100 million remodel of its 2.1 million-square-foot convention center, aimed at enhancing modern meeting experiences. The upgrades include new technology features such as Cat6A Ethernet cabling for faster data transmission and 11 dynamic digital walls. Redesigned spaces will feature brighter lighting and tropical-themed decor. The remodel will continue until the end of 2024, while the convention center remains operational. Additional amenities will also be upgraded across the resort.
BetMGM announces its partnership with the Cincinnati Reds as the Official Sports Betting Partner, strengthening its presence in Ohio ahead of the January 1, 2023 launch of legalized sports betting. A retail sportsbook will open at Great American Ball Park, enhancing fan experiences with year-round betting options. The multi-year agreement includes prominent BetMGM signage and VIP experiences for fans. This partnership follows BetMGM’s ongoing relationship with Major League Baseball, aimed at expanding its market reach and emphasizing responsible gaming education.
MGM Resorts International announced the appointment of Gary Fritz as President of MGM Resorts Interactive on October 10, 2022. Fritz is tasked with enhancing the company's digital gaming initiatives, focusing on organic growth and acquisitions, particularly through BetMGM. He previously led MGM's successful acquisition of LeoVegas and has extensive experience in global strategy from roles at IAC, TripAdvisor, and Expedia. CEO Bill Hornbuckle emphasized that Fritz's leadership will accelerate MGM's digital expansion strategy in the gaming sector.
BetMGM launched a new commercial featuring hockey legends Wayne Gretzky and Connor McDavid, coinciding with the upcoming NHL season. The humorous spot showcases the players' interactions, emphasizing BetMGM's app. Created by 72andSunny and directed by Peter Berg, the campaign promotes BetMGM's 'IT'S ON' initiative. McDavid joined as a brand ambassador in March, alongside Gretzky, who has been with BetMGM since June 2021. The BetMGM app focuses on responsible gaming education, integrating tools like GameSense for users.
BetMGM announced the launch of NHL-branded casino games, including roulette, blackjack, baccarat, and the live Money Wheel game, Dream Catcher, available in New Jersey, Ontario, Pennsylvania, and Michigan. Developed with Evolution, these games feature immersive 3D animations and interactive elements. This partnership aims to enhance fan engagement with the NHL. BetMGM emphasizes responsible gaming through its GameSense program. The initiative is set against a backdrop of BetMGM's ongoing expansion into new markets, reinforcing its competitive position in the gaming industry.
MGM Resorts International (NYSE: MGM) will announce its third-quarter 2022 financial results on November 2, 2022, after market close. A conference call is scheduled for 5 p.m. EDT that day, where executives will discuss the results and answer questions. Investors can access supplemental slides on MGM's Investor Relations website prior to the call. The replay of the call will be available until November 9, 2022. MGM Resorts operates globally, focusing on entertainment, hotels, and online gaming, including BetMGM, and is pursuing further expansion in Asia.
ExteNet Systems has partnered with MGM Resorts International to implement the largest in-building cellular enhancement project in the US. The project, covering 25 MGM properties and 54 million square feet, aims to improve mobile connectivity for nearly 200,000 visitors daily by deploying advanced 5G technology. Completion is expected between fall 2022 and fall 2024, ahead of major events like the Formula One World Championship in November 2023 and Super Bowl LVIII in February 2024. This collaboration emphasizes MGM's commitment to enhancing guest experiences through reliable connectivity.
Maroon 5 will launch a new residency titled M5LV The Residency at Dolby Live at Park MGM in Las Vegas, beginning March 24, 2023. Tickets go on sale to the public on October 3, 2022, with pre-sale options available from September 28 and for MGM Rewards members from September 30. The residency is presented by Live Nation and MGM Resorts International and is designed for an intimate concert experience in a 5,200-seat venue. Maroon 5 has sold over 90 million albums and is among the top streaming groups on Spotify.
BetMGM has appointed Vanessa Hudgens as its new celebrity brand ambassador to enhance its marketing efforts across iGaming and Casino platforms. Known for her role in High School Musical, Hudgens aims to engage diverse audiences through innovative promotional strategies. BetMGM, a prominent name in sports betting and gaming, focuses on responsible gaming and offers resources like GameSense to assist players. This partnership is set against the backdrop of BetMGM's continued expansion into new markets.
The largest online gaming operators in the U.S. have established the first industry-led responsible gaming standards through a 12-point pledge aimed at promoting responsible online gaming. This initiative coincides with Responsible Gaming Education Month as designated by the American Gaming Association. Key participants include Bally's, BetMGM, DraftKings, Entain, FanDuel, and MGM Resorts International. The principles focus on preventing underage gaming, promoting informed choices, and fostering a responsible gaming culture. Operators will also collaborate with policymakers and experts to address problem gaming effectively.