Tag Archives: MGM Resorts

Whilst European operators suffered a bad news October, everyone and everything appears to be upbeat stateside, as US gambling incumbents begin to strike out their first sports and marketing partnerships. Chris Murphy SBC America’s editor gives readers his stateside lowdown… _____________ October proved to be the busiest yet for US sport betting, with a flurry of new commercial relationships between industry …

The confirmed departure of Mark Frissora as President & Chief Executive of Caesars Entertainment has triggered fresh rumours regarding the future of the legacy US casino operator. This morning, the New York Post reported that the governance of MGM Resorts had hired Morgan Stanley and law firm Weil, Gotshal & Manges to act as corporate advisors, examining a potential $20 billion …

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 …

Publishing its Q3 2018 trading update (period ending 30 September), FTSE100 betting group GVC Holdings details continued corporate growth and progress on its core strategic objectives. The enlarged FTSE firm continues its strong digital momentum, recording +28% period NGR increase, detailing growth across all its major operating territories. Boosted by the closing stages of World Cup Russia 2018, GVC sports …

MGM Resorts has confirmed the appointment of George Kliavkoff as its new President of Entertainment & Sports, replacing former leadership incumbent Richard Strum. Kliavkoff takes leadership of MGM’s sports and entertainment verticals at a crucial juncture for the New York-listed gambling and leisure firm, as it expands multiple live venue properties and develops new entertainment concepts. A seasoned media and technology executive …

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 …

Publishing its interim 2018 results (six-month period ending 30 June), FTSE-listed GVC Holdings displays its enlarged capacity as digital and European growth helps override tough UK retail trading conditions. Presenting its first report incorporating the assets of Ladbrokes Coral (acquisition officially completed on 28 March 2018), GVC records group revenues of £1.1 billion. In its report, GVC governance highlights its …

Through the pair’s recently announced US sports betting venture, GVC Holdings PLC and MGM Resorts International have expanded New Jersey’s mobile sports betting opportunities, with the launch of playMGM. The playMGM NJ Sports betting app provides markets on a full range of US and selected international sports with customers able to sign-up, deposit and withdraw money directly from their mobile …

MGM Resorts International announces its second major partnership of the week, confirming that its has secured a ‘first of a kind’ sports betting arrangement with National Basketball Association (NBA). NBA Chief Commissioner Adam Silver and MGM Resorts President & CEO Jim Murren announced the partnership this afternoon in New York city. For the first time, the NBA will open its …

As anticipated FTSE-listed GVC Holdings has this morning confirmed the establishment of its 50-50 US joint venture with MGM Resorts International (MGM). Updating the market, GVC governance states that the joint-venture will significantly expand its US position granting direct access to regulated US states, with both venture parties securing ‘meaningful early mover advantages.’ “With a proven track record as partners-of-choice, …