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.
The Detroit Lions have announced BetMGM as their first Official Sports Betting Partner, enhancing their multi-year partnership with MGM Resorts. The collaboration includes fan-focused assets like Lions Bingo and Lions Perks, along with digital marketing and in-stadium promotions. BetMGM will offer new cash prizes and trips via Lions Bingo, which allows fans to predict game plays. This partnership aims to engage fans during the football season, with a focus on responsible gambling through programs like GameSense.
BetMGM, a joint venture between MGM Resorts and GVC Holdings, has launched BetMGM Casino in West Virginia, featuring the widest range of online casino games in the state. The platform offers 30 games, including unique progressive jackpot slots, integrated within the existing BetMGM Sports mobile app. CEO Adam Greenblatt emphasized its competitive edge in delivering a comprehensive gaming experience. BetMGM Casino is already operational in New Jersey and plans to expand to Pennsylvania and Michigan pending regulatory approvals.
BetMGM has officially launched the BetMGM Casino in West Virginia, featuring 30 online casino games, including exclusive progressive jackpot-linked games. The casino is integrated into the BetMGM Sports mobile app, enhancing their existing sports betting platform. BetMGM CEO Adam Greenblatt emphasized the importance of this launch as a differentiator in the online gaming market. The platform is also accessible via desktop and plans to expand into Pennsylvania and Michigan pending regulatory approvals. This expansion represents another step in BetMGM's growth strategy in the U.S. gaming market.
VSiN and BetMGM announced a multi-year partnership to launch the sports betting show Betting Across America. Starting August 31, the show will air live on weekdays and weekends, providing comprehensive sports betting data and insights. VSiN aims to enhance sports betting knowledge for its audience through collaboration with BetMGM experts. This initiative marks a significant marketing investment for BetMGM, leveraging VSiN's credibility in the sports betting space. The program will be accessible via various platforms, including SiriusXM and VSiN.com.
LAS VEGAS, Aug. 25, 2020 /PRNewswire/ -- VSiN and BetMGM have announced a multi-year collaboration to launch a new sports betting show called Betting Across America. This partnership will enhance sports betting data accessibility, airing live from BetMGM locations. The show starts August 31 on weekdays and September 5 on weekends. VSiN aims to deliver credible insights, helping bettors make informed decisions. This collaboration signifies a strategic marketing investment by BetMGM, aimed at engaging sports fans through specialized, real-time data and analysis.
PLAYSTUDIOS has upgraded its myVEGAS Slots franchise by launching the new mySTRIP feature, enhancing player engagement with innovative mechanics and multi-day challenges. Released on August 13, 2020, this feature allows players to explore a virtual Las Vegas, interact with iconic MGM Resorts properties, and earn real-world rewards such as hotel stays and show tickets. The game's immersive experience includes daily missions and special events, aiming to attract more players and deepen their connection with MGM's offerings.
MGM Resorts International received a $2 million donation from the estate of founder Kirk Kerkorian to support employees affected by the COVID-19 pandemic. This funding will be allocated to the MGM Resorts Foundation's Employee Emergency Grant Fund, which has provided over $11 million in aid since the pandemic began. The fund aims to assist laid-off or furloughed employees with essential expenses like rent, utilities, and medical bills. The donation reflects Kerkorian's legacy of caring for MGM employees.
NASCAR and BetMGM have announced a multi-year partnership allowing BetMGM to be an Authorized Gaming Operator of NASCAR. This collaboration aims to enhance sports betting experiences, including in-race betting options, for fans across the U.S. BetMGM will utilize NASCAR branding and promote offerings on various platforms, expanding its presence from seven to eleven states by year-end 2020. BetMGM plans to introduce diverse betting types throughout the NASCAR season, including live in-play options starting in 2021. The partnership is set to amplify NASCAR's growth in sports betting, with NASCAR turnover increasing by nearly 1,300%.
MGM Resorts International (NYSE: MGM) announced a substantial investment from IAC/InterActiveCorp, led by Barry Diller. This collaboration is expected to enhance MGM's digital and customer-centric strategies, particularly in iGaming and sports betting through BetMGM. MGM aims to leverage IAC's expertise in online brand growth to improve guest experiences and maximize shareholder value. The partnership aligns with MGM's 2020 plan, emphasizing data-driven innovations and sustainable practices. Additionally, IAC is invited to join MGM's Board of Directors, marking a strategic long-term relationship.
MGM Resorts International has launched the "Viva Las Office" package, providing a unique work-from-Vegas experience at the Bellagio and ARIA resorts. This initiative targets remote workers seeking a change of scenery, offering three tiered packages that include flexible check-in/out times, personal Executive Assistants, and daily food credits. Packages start at $100 per night and include discounts on flights with JSX. The aim is to blend work and leisure in a safe environment.
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