Welcome to our dedicated page for MGM RESORTS INTERNATIONAL news (Ticker: MGM), a resource for investors and traders seeking the latest updates and insights on MGM RESORTS INTERNATIONAL stock.
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.
BetMGM has launched its online sports betting and iGaming platforms in Ontario, marking its first international expansion. Ontario is the 23rd market where BetMGM's products are available. The platform features user-friendly mobile gaming, including options for live betting and a variety of casino games. BetMGM has partnered with notable Canadian athletes like Wayne Gretzky and Connor McDavid for promotional campaigns. The company emphasizes responsible gaming through its GameSense program, offering resources to help customers play responsibly.
BetMGM has signed AJ Andrews, the first female Gold Glove winner, as a brand ambassador and content creator. Andrews, a notable figure in sports, will represent the company across various platforms during the baseball season. She expressed excitement about advocating for women's opportunities in sports through this role. BetMGM, available in 22 markets, focuses on responsible gaming education and is known for its innovative online gaming offerings. The partnership aims to enhance brand visibility and community engagement while BetMGM continues its expansion.
MGM Resorts International has launched Las Vegas' first NFT-enabled live performance experience featuring Jabbawockeez's show TIMELESS. A limited collection of 1,110 NFT tickets is now available for performances from April 7-30, 2022. These tickets provide exclusive benefits such as premium seating, behind-the-scenes access, and collectible memorabilia. The NFT ticket transforms into a vibrant digital keepsake post-show. This initiative aims to enhance fan engagement and create lasting connections, marking a significant innovation in live entertainment.
Pacific Premier Bancorp has appointed Rose McKinney-James as a director, effective March 28, 2022. McKinney-James brings over two decades of public company director experience, particularly in ESG oversight and regulatory affairs. Her engagement will enhance the board's skillset, particularly concerning climate risk management.
Additionally, the company has released its inaugural Corporate Social Responsibility Report, highlighting initiatives such as a $50 million Equitable Impact Initiative and $2.3 billion in CRA eligible lending.
On March 29, 2022, BetMGM announced a business update event scheduled for May 12, 2022, at 11 a.m. EDT. This event aims to provide insights into the U.S. sports betting and iGaming markets, featuring presentations from key executives such as CEO Adam Greenblatt. The event will be accessible via webcast and will include a live Q&A session. BetMGM, a joint venture between MGM Resorts and Entain, is a leader in the sports betting industry, offering exclusive access to MGM's land-based and online betting platforms.
Aerosmith has announced the return of their Las Vegas residency, AEROSMITH: DEUCES ARE WILD, beginning on June 17, 2022, at Dolby Live at Park MGM. This will be the first concert in Dolby Atmos technology, providing an immersive audio experience. Tickets go on sale starting March 31, 2022, with pre-sale opportunities for fan club members and Citi cardholders. The residency features a 90-minute electrifying performance and celebrates the band's 50th anniversary.
BetMGM, a leading sports betting operator, has launched its mobile app in Illinois, expanding its presence in a major U.S. betting market. The app offers diverse betting options and unique features like the exclusive One Game Parlay and a loyalty program called BetMGM Rewards. Customers can redeem points for experiences at various MGM Resorts properties. Emphasizing responsible gaming, BetMGM integrates GameSense into its platforms. The app is available on iOS, Android, and desktop, marking a strategic growth phase for the company.
MGM Resorts International (NYSE: MGM) will partake in the J.P. Morgan Gaming, Lodging, Restaurant and Leisure Management Access Forum on March 7, 2022, at 11 a.m. EST. CFO Jonathan Halkyard is scheduled to speak, and a live webcast will be available on the MGM Investor Relations website. MGM Resorts is an S&P 500 global entertainment company with a portfolio of 32 hotel and gaming destinations, including BetMGM for sports betting. The company is also expanding in Asia through opportunities in Japan.
BetMGM has signed Connor McDavid, the reigning MVP of the NHL, as its first active professional athlete brand ambassador. McDavid will appear in marketing campaigns and promotions to engage BetMGM players across North America. The announcement emphasizes BetMGM's leading position in the sports betting and iGaming market, now available in 21 markets. McDavid joins notable athletes like Wayne Gretzky in promoting the brand. BetMGM aims to expand while prioritizing responsible gaming education.
MGM Resorts International (NYSE: MGM) has announced a $2.0 billion share repurchase program, reinforcing its commitment to returning value to shareholders. This new initiative follows a previous $3.0 billion plan, where 60 million shares, valued at $2.5 billion, were bought back. As of March 1, 2022, $524.6 million remains under the old plan. The company intends to utilize those funds before initiating the new buyback. CFO Jonathan Halkyard emphasized the significant value in their shares at current levels, demonstrating confidence in future performance.