Welcome to our dedicated page for Mgm Resorts news (Ticker: MGM), a resource for investors and traders seeking the latest updates and insights on Mgm Resorts stock.
MGM Resorts International (MGM) is a global leader in gaming, hospitality, and entertainment, operating iconic destinations like Bellagio and MGM Grand. This page provides investors and industry professionals with a centralized source for official announcements, financial updates, and strategic developments.
Access real-time press releases covering earnings reports, property expansions, leadership changes, and partnerships. Stay informed about regulatory developments, sustainability initiatives, and innovations like BetMGM’s digital gaming platform. Our curated feed ensures you never miss critical updates affecting market performance.
Key content includes quarterly financial disclosures, merger/acquisition alerts, and operational milestones across MGM’s global resorts. Bookmark this page for streamlined tracking of corporate governance changes, dividend announcements, and consumer trend adaptations in the evolving leisure sector.
MGM Resorts International has launched a groundbreaking 100-megawatt solar array, marking the largest directly sourced renewable electricity project in the hospitality industry. This array powers up to 90% of MGM Resorts' daytime energy needs for its 13 properties on the Las Vegas Strip, which collectively house over 36,000 rooms. The array features 323,000 solar panels across 640 acres and significantly advances MGM's sustainability goals, including a 50% reduction in greenhouse gas emissions by 2030 and sourcing 100% renewable electricity in the U.S. by 2030.
BetMGM's CEO, Adam Greenblatt, has been recognized as one of the Top CEOs in 2021 in the U.S. Small and Medium Business category by Glassdoor. Greenblatt achieved an impressive ranking of 10th out of 50 with a 98% approval rating from employees. The annual awards highlight leaders who excelled in supporting their teams, especially during the COVID-19 crisis. BetMGM, a leader in sports betting and gaming, was founded in 2018 and is a joint venture between MGM Resorts International and Entain Plc.
BetMGM has launched its sports betting app in Washington, D.C., in collaboration with the Washington Nationals, becoming the exclusive mobile sports betting app at Nationals Park. As part of a multi-year partnership, BetMGM will also open a retail sportsbook at the stadium. Users must be within a two-block radius of the park to place mobile bets. The app integrates with MGM Resorts' M life Rewards program, allowing fans to redeem gameplay for experiences at MGM properties across the U.S.
The Professional Fighters League (PFL) has entered a partnership with BetMGM, designating it as a "US Authorized Gaming Operator of the PFL." This collaboration allows fans to wager on PFL events, starting with PFL 4 on June 10, 2021. BetMGM will offer unique promotions and access to PFL logos. PFL CEO Peter Murray emphasized the aim to enhance betting experiences. The PFL has rapidly become the No. 2 MMA organization globally, with significant backing from major brands and expansion into 160 countries.
MGM Resorts International announces the appointment of Tilak Mandadi as Chief Strategy, Innovation & Technology Officer, effective July 6. Mandadi will lead MGM's digital strategy and oversee its relationship with BetMGM. His extensive experience includes roles at Disney and American Express, where he drove guest-centric growth through technology. MGM's CEO, Bill Hornbuckle, emphasizes the importance of innovation during the post-pandemic recovery. Mandadi's leadership aims to enhance customer experiences and expand MGM's digital footprint.
PLAYSTUDIOS has expanded its partnership with MGM Resorts International, securing exclusive mobile gaming rights to MGM Northfield Park in Ohio. Players using PLAYSTUDIOS apps can earn loyalty points redeemable for rewards at this Cleveland-area destination. This addition marks the 18th MGM property to join PLAYSTUDIOS’ playAWARDS program. Furthermore, the company is on track to become Nasdaq-listed under the ticker symbol MYPS following a merger with Acies Acquisition Corp., with shareholder approval anticipated at a meeting on June 17, 2021.
MGM Resorts International will participate in Bernstein's 37th Annual Strategic Decisions Conference on June 3, 2021, with CEO Bill Hornbuckle speaking at 11:00 a.m. Eastern Time. A live webcast will be accessible on their Investor Relations website. MGM Resorts operates 31 hotel and gaming destinations globally, along with BetMGM, a sports betting venture. The company actively pursues expansion in Asia, notably in Japan, and emphasizes sustainability in its operations. For further details, visit their official website.
BetMGM has signed NHL icon Wayne Gretzky as a brand ambassador in a multi-year deal. This partnership aims to enhance BetMGM's marketing efforts in hockey and across North America. Gretzky, a Hockey Hall of Famer with numerous records, expressed excitement about joining BetMGM as it expands into new markets, including potential growth in Canada. Matt Prevost, Chief Revenue Officer at BetMGM, praised Gretzky's ability to elevate their brand story. BetMGM continues to focus on responsible gaming as its app expands availability.
On May 28, 2021, BetMGM announced a partnership with NYRA Bets, the official online wagering platform of the New York Racing Association. This collaboration aims to enhance the horse racing experience for BetMGM customers, allowing them to watch and wager on over 200 tracks globally. BetMGM will integrate NYRA Bets' technology into its Horse Racing app and desktop platforms, providing access to live streaming, race replays, and major U.S. events like the Kentucky Derby. This partnership highlights BetMGM's commitment to expanding its offerings in the burgeoning sports betting market.
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