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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 platform in Louisiana, offering various betting options just in time for the NFL playoffs. This positions BetMGM as one of the first mobile sportsbooks available in the state, enhancing its presence alongside retail sportsbooks in nearby Mississippi. Customers can benefit from integrated MGM Rewards starting February 1, 2022, allowing them to redeem gameplay for accommodations at MGM Resorts across the country. The BetMGM app, available on iOS and Android, follows the December 2021 launch of the BetMGM Horse Racing app in Louisiana.
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Bally Sports has partnered with BetMGM to launch Live on the Line, Powered by BetMGM, its first sports betting program. The show airs weekdays at 12:00 PM ET on Bally Sports' 19 regional networks and the Bally Sports app. It delivers expert betting insights and engaging content aimed at both serious bettors and casual fans. Steve Rosenberg, President of Bally Sports, highlighted this initiative as a significant step in enhancing viewer engagement and driving interest in live game broadcasts. The program is produced in Chicago with contributions from various sports personalities.
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Shift4 (NYSE: FOUR) has partnered with T-Mobile Arena in Las Vegas to enhance mobile commerce and payment processing. This collaboration will implement Shift4's VenueNext point-of-sale solution, improving food and beverage purchasing for fans. The integration includes mobile wallet and fan loyalty features, streamlining the event experience. T-Mobile Arena aims to reduce technology costs and complexity while providing cutting-edge services. As a prominent venue hosting over 100 events annually, this partnership solidifies Shift4's role in enabling modern payment solutions.
Multi-GRAMMY Award-nominated duo Silk Sonic is set to debut an extended engagement at Dolby Live at Park MGM in Las Vegas starting February 25. The performance schedule includes various dates in February and April, with tickets priced from $125. Pre-sales begin on January 19 for M life Rewards members and Live Nation customers. Silk Sonic, known for hits like "Leave The Door Open," will bring their unique sound to the stage as they continue to garner acclaim, including four Grammy nominations.
BetMGM, jointly owned by MGM Resorts International and Entain, announces strong performance in 2021, projecting net revenue of approximately $850 million, a 5x increase from 2020. The company holds a 24% market share in U.S. sports betting and remains a leader in iGaming with 30% market share. For 2022, BetMGM expects net revenue to exceed $1.3 billion. The company plans to expand into new jurisdictions and anticipates reaching positive EBITDA by 2023, backed by a total investment of $450 million for 2022.
BetMGM, a leading sports betting and iGaming operator co-owned by MGM Resorts and Entain, will release an update on its 2021 performance and 2022 outlook on January 19, 2022, at 8:30 a.m. ET. A conference call will follow at 10:00 a.m. ET, featuring an overview of results and a Q&A session. The call can be accessed through a provided link or by dialing specific numbers. The press release includes forward-looking statements highlighting risks under the Private Securities Litigation Reform Act. For more details, visit BetMGM's or MGM Resorts' websites.
BetMGM has announced the launch of its online sportsbook in New York on January 17, 2022. This launch allows players in the state to enjoy an enhanced betting experience while accessing exclusive offers related to partnerships with the Knicks, Rangers, and Madison Square Garden.
The BetMGM app will be available for iOS, Android, and desktop users, integrating with the M life Rewards program for premium rewards at MGM properties.
BetMGM and the Arizona Cardinals announced the upcoming opening of the BetMGM Sportsbook at State Farm Stadium, set to debut for the 2022 football season. Spanning nearly 17,000 square feet, this sportsbook will be the first at an NFL stadium, featuring over 25 betting kiosks, a 265-square-foot video wall, and a capacity of 500 guests. It aims to enhance the fan experience on both event and non-event days. The partnership aligns with BetMGM's mobile app launched in Arizona in September 2021, representing their commitment to responsible gaming.