DETROIT, March 11, 2020 /PRNewswire/ -- MGM Resorts
International (NYSE: MGM) announced today the launch of
legalized sports betting at MGM Grand Detroit. The property kicked
off this new era in sports entertainment as sports fans, casino
staff and invited guests witnessed the inaugural bet placed at the
now open BetMGM Sports Lounge.
"Twenty years ago, MGM Resorts bet on the great City of Detroit with an $800 million commitment to create the city's
first and only integrated luxury casino resort built from the
ground up," said David Tsai,
President & COO of MGM Grand Detroit. "We've been able to help
stimulate the local and state economy by creating thousands of
jobs, making substantial infrastructure investments, and
contributing over $2.8 billion in tax
revenue to the City and State since opening. As the market leader
in Detroit, we're proud to be part
of this groundbreaking moment for Michigan gaming and to bring a
world-class sports betting and entertainment experience to our
guests."
BetMGM Sports Lounge features over-the-counter betting, bar top
video poker machines, wall-to-wall HDTV coverage of daily games,
and a full bar with signature craft cocktails and local craft
beers. Sports fans on property can also easily place wagers at
BetMGM kiosks throughout MGM Grand Detroit.
"Michigan is home to some of
the nation's most enthusiastic sports fans. MGM Resorts and Roar
Digital are excited to be opening BetMGM Sports Lounge at MGM Grand
Detroit in time for college basketball's tournament season," said
Scott Butera, President of
Interactive Gaming for MGM Resorts. "We worked with the most
creative design talent to create a world-class sports book and
lounge with amenities that will give our guests an exciting sports
viewing experience."
Michigan passed legislation in
December 2019, which created a
two-step timeline for sports betting becoming legal within the
state. Today, retail sports betting went live. Online, mobile
wagering and iGaming are expected at a later date, subject to
receipt of all necessary regulatory approvals.
BetMGM is the marquee betting offering from Roar Digital, the
joint venture between MGM Resorts and GVC Holdings (LSE: GVC). The
venture has exclusive access to MGM Resorts' U.S. land-based and
online sports betting, major tournament poker, and online
real-money and free-to-play casino gaming. BetMGM has been rolling
out across the United States, with
BetMGM Sports Lounges in MGM Resorts properties as well as with
mobile betting via the BetMGM app which is currently available in
New Jersey, West Virginia, Indiana and Nevada, with additional state rollouts
planned, subject to receipt of all required regulatory approvals.
For more information on BetMGM, follow @BetMGM on Twitter.
As MGM Resorts continues to expand and evolve its sports betting
platforms, responsible gambling education remains a key
focus. GameSense is an industry-leading program, developed and
licensed to MGM Resorts by the British Columbia Lottery Corporation
(BCLC), focusing on positive, transparent and proactive
conversations with players about how to gamble
responsibly. The program comes alive through personal
interactions between guests and trained staff based at each
property's M life Rewards desk. In addition to speaking to trained
employees – known as GameSense Advisors – guests also utilize
interactive GameSense touchscreens and educational materials and
other resources found at the M life Rewards Desk. Players can also
visit www.mgmresorts.com/gamesense.
About MGM Grand Detroit
The only Forbes Four-Star hotel in Detroit with the only Forbes Four-Star
restaurant in Michigan, the AAA
Four Diamond Award-winning MGM Grand Detroit is the city's first
and only downtown hotel, gaming and entertainment destination built
from the ground up. The hotel features 400 chic and stylish guest
rooms, including nine rooftop VIP suites and 56 opulent corner
suites. Guests enjoy signature restaurants; one by world-renowned
chef Wolfgang Puck as well as the hotel's own sports pub, TAP at
MGM Grand Detroit; casual dining options; lounges; the only Topgolf
Swing Suite and the only resort-style spa in Southeast Michigan. More than 30,000 square
feet of meeting space hosts everything from large corporate events
to intimate black-tie affairs. MGM Grand Detroit is a wholly owned
subsidiary of MGM Resorts International (NYSE: MGM). For more
information, visit mgmgranddetroit.com or call toll free
at (877) 888-2121.
About MGM Resorts International
MGM Resorts International (NYSE: MGM) is an S&P 500® global
entertainment company with national and international locations
featuring best-in-class hotels and casinos, state-of-the-art
meetings and conference spaces, incredible live and theatrical
entertainment experiences, and an extensive array of restaurant,
nightlife and retail offerings. MGM Resorts creates immersive,
iconic experiences through its suite of Las Vegas-inspired brands. The MGM Resorts
portfolio encompasses 29 unique hotel and destination gaming
offerings including some of the most recognizable resort brands in
the industry. Expanding throughout the U.S. and around the world,
the company recently acquired the operations of Empire City Casino
in New York and Hard Rock Rocksino
in Ohio, which was rebranded as
MGM Northfield Park. In 2018, MGM Resorts opened MGM Springfield in
Massachusetts, MGM COTAI in
Macau, and the first
Bellagio-branded hotel in Shanghai. The over 80,000 global employees of
MGM Resorts are proud of their company for being recognized as one
of FORTUNE® Magazine's World's Most Admired Companies®. For more
information visit us at www.mgmresorts.com.
About Roar Digital
Roar Digital LLC is a US sports betting and online gaming
venture, owned by MGM Resorts International (NYSE: MGM) and GVC
Holdings Plc (LSE: GVC). Based in New
Jersey, the venture was established in July 2018 to create a world-class sports betting
and online gaming platform in the United
States, in order to take advantage of the new regulated
sports betting market developing in the US. Utilizing GVC's
U.S.-licensed, state-of-the-art proprietary technology platform,
Roar Digital offers sports betting and online gaming via market
leading brands including BetMGM and partypoker. The venture has
exclusive access to MGM's U.S. land-based and online sports
betting, major tournament poker, and online gaming businesses. For
more information visit www.roardigital.com.
Statements in this release that are not historical facts are
"forward-looking" statements and "safe harbor statements" within
the meaning of the Private Securities Litigation Reform Act of 1995
that involve risks and/or uncertainties, including those described
in MGM Resorts' public filings with the SEC. MGM Resorts has based
forward-looking statements on management's current expectations and
assumptions and not on historical facts. Examples of these
statements include, but are not limited to, statements regarding
the launch of BetMGM in additional jurisdictions in the future.
Among the important factors that could cause actual results to
differ materially from those indicated in such forward-looking
statements include effects of economic conditions and market
conditions in the markets in which MGM Resorts operates and
competition with other destination travel locations throughout
the United States and the world,
the design, timing and costs of expansion projects, risks relating
to international operations, permits, licenses, financings,
approvals and other contingencies in connection with growth in new
or existing jurisdictions and additional risks and uncertainties
described in MGM Resorts' Form 10-K, Form 10-Q and Form 8-K reports
(including all amendments to those reports). In providing
forward-looking statements, MGM Resorts is not undertaking any duty
or obligation to update these statements publicly as a result of
new information, future events or otherwise, except as required by
law. If MGM Resorts updates one or more forward-looking statements,
no inference should be drawn that it will make additional updates
with respect to those other forward-looking statements.
CONTACTS
MGM Resorts
Marc Jacobson
media@mgmresorts.com
MGM Grand Detroit
Dayna
Calkins
dcalkins@currentglobal.com
Roar Digital
Elisa
Richardson
Elisa.richardson@roardigital.com
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SOURCE MGM Resorts International