Paving the way for the future launch of a local betting and gaming market, the UAE has created a new regulatory authority to manage and licence the industry. The General Commercial Gaming Regulatory Authority (GCGRA) has been established to govern commercial gaming and lotteries, according to state media. It is unclear whether ‘gaming’ will encompass sports betting, online casino or …
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Winning Post: When the going gets tough …
As COVID-19 continues to dominate global headlines, Regulus Partners kicks off the week by looking at how the gambling industry has stepped up to the plate in supporting its staff and global efforts in tackling the spread of the virus. Global: When the going gets tough – many gambling businesses step up to the plate It is said that a …
Read More »MGM seeks new Chairman as Jim Murren ends leadership tenure
MGM Resorts International has revealed its transition plan following the news of chairman and CEO Jim Murren’s decision to step down before his contract expiration. The search process is set to be run by a committee of independent directors formed by the board alongside a ‘nationally recognised’ executive search firm. In a statement issued, Murren expressed his gratitude to MGM …
Read More »GVC & MGM platform to power sports betting for Yahoo Sports
Verizon Inc digital media property Yahoo Sports has this morning confirmed that it has entered a strategic partnership with MGM Resorts to power the launch of its imminent sports betting vertical. The agreement sees Yahoo Sports become a ‘digital media partner’ of MGM Resorts, with Verizon’s sports publisher set to launch sports betting functionalities across its Yahoo Sports app this …
Read More »MGM Resorts vows to cut costs as part of MGM20 initiative
MGM Resorts International has vowed to cut costs, improve efficiencies and prepare for a period of growth as announced in its new company-wide ‘MGM 20′ initiative. The company is striving to grow from its previous profit growth initiatives implemented in 2015, and expects to deliver annualised Adjusted EBITDA uplift of $300m (£238m) in aggregate, consisting of $200m (£159m) by the end of 2020 …
Read More »MGM caps US sports league hat-trick through MLB deal
Major League Baseball (MLB) has followed in the footsteps of the NBA and NHL by striking a betting partnership with MGM Resorts. The two parties have announced an all-inclusive agreement that designates MGM Resorts as the first-ever ‘Official Gaming Partner of MLB’ and ‘Official Entertainment Partner of MLB’. The deal will combine the MLB brand with MGM Resorts and playMGM …
Read More »MGM ties up New York Jets partnership
NFL side the New York Jets has partnered with MGM Resorts to announce its first official gaming partner. The “first of its kind partnership,” has been confirmed with a multi-year agreement, hailed “the most comprehensive and integrated gaming partnership in the NFL to date”. The collaboration acts as an affirmation of continued commitment to growing its brand name via sports …
Read More »NHL unites with MGM for first betting partnership
The National Hockey League has confirmed its first official betting partnership, announcing a multi-year deal with MGM Resorts International. The partnership, which was unveiled today by NHL Commissioner Gary Bettman and MGM Resorts Chairman & CEO Jim Murren in New York City, places a key focus on the data produced by both the NHL and MGM. NHL Commissioner Gary Bettman …
Read More »Trusted Hand! GVC & MGM confirm Adam Greenblatt as US joint-venture CEO
Issuing a combined corporate communication, US market strategic partners GVC Holdings and MGM Resorts have confirmed the appointment of Adam Greenblatt as US joint-venture Chief Executive of ‘MGM GVC Interactive LLC’ Noted as a key stakeholder in the creation of the MGM-GVC Interactive strategic property, Greenblatt has been promoted to the executive leadership position having formerly served as Director of Corporate Development …
Read More »MGM Resorts reflects on Route 91 tragedy
MGM Resorts Group Chairman and Chief Executive, Jim Murren has issued a sombre personal statement reflecting on the first anniversary of the tragic ‘Route 91 Harvest’ music festival massacre which left 58 people dead and more than 850 injured. The Las Vegas community is still recovering from the events of 2 October 2017, when Stephen Craig Paddock opened fire on …
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