In the news release, MAJOR LEAGUE BASEBALL EXPANDS WIDE-RANGING
PARTNERSHIP WITH MGM RESORTS INTERNATIONAL & BETMGM, issued
14-Jul-2022 by MGM Resorts
International over PR Newswire, we are advised by the company that
the seventh paragraph, first sentence, should read: MLB Chief
Revenue Officer Noah Garden said,
"Since creating this historic partnership four years ago, MGM
Resorts and BetMGM have been truly collaborative and innovative
business partners to Major League Baseball." rather than: "Since
creating this historic partnership four years ago, MGM Resorts and
BetMGM have been truly collaborative and innovative business
partners to Major League Baseball." as originally issued
inadvertently. The complete, corrected release follows:
MAJOR LEAGUE BASEBALL EXPANDS WIDE-RANGING PARTNERSHIP WITH MGM
RESORTS INTERNATIONAL & BETMGM
MGM Rewards Named Title Sponsor of All-Star
Celebrity Softball Game & Presenting Sponsor of
All-Star
Saturday Extra Innings Musical Performance;
BetMGM Continues as an Official Sports Betting Partner
NEW
YORK, July 14, 2022 /PRNewswire/ -- Major League
Baseball (MLB), MGM Resorts International (NYSE: MGM) and BetMGM, a
leading sports betting and digital gaming operator, today announced
the renewal and expansion of an integrated, historic partnership
that, in 2018, designated MGM Resorts as MLB's first Official
Gaming Sponsor. Under the renewed, multi-year agreement, BetMGM
will continue to be an Official Sports Betting partner of MLB,
domestically marketing its brand and gaming options across a
variety of league and team platforms including MLB Network, MLB.com
and the portfolio of MLB apps.
MGM Rewards, MGM Resorts' loyalty program, will be the Title
Sponsor of this year's All-Star Celebrity Softball Game and
Presenting Sponsor of the first-ever All-Star Saturday Extra
Innings musical performance at Dodger Stadium.
"We are thrilled to extend and expand upon our groundbreaking
work with Major League Baseball," said Lance Evans, Senior Vice President of Sports
& Sponsorships, MGM Resorts. "We're incredibly proud of the
growth and innovation that have transformed our industries since
launching our partnership four years ago, and we're eager to
continue breaking new ground and delivering world-class sports and
entertainment experiences for baseball fans worldwide."
The partnership between BetMGM and MLB includes data usage in
sports betting, promotion across MLB-owned media platforms,
domestic and international activations at MLB events, plus multiple
fan experiences.
BetMGM Chief Revenue Officer Matt
Prevost added, "It is an exciting day to announce the
extension of our partnership with MLB. The collaboration with the
League allows us to reach new audiences while delivering a
best-in-class baseball wagering product. We look forward to growing
our industries together."
The long-term extension between MGM Resorts and MLB includes the
presenting sponsorship of Bettor's Eye, MLB's digital baseball show
on MLB.TV with a focus on betting for fans who want to engage on a
deeper level within that aspect of the game. BetMGM will continue
to be recognized as an MLB-Authorized Gaming Operator and utilize
MLB's official statistics feed throughout both digital and live
domestic sports gaming options on a non-exclusive basis. MLB will
make enhanced statistics available to BetMGM on an exclusive basis.
MLB, MGM Resorts and BetMGM will continue to work together on
comprehensive responsible gaming measures and protecting the
integrity of the game, both on and off the field.
MLB Chief Revenue Officer Noah
Garden said, "Since creating this historic partnership
four years ago, MGM Resorts and BetMGM have been truly
collaborative and innovative business partners to Major League
Baseball. With the success of Bettor's Eye and introduction of
All-Star Saturday's Extra Innings concert, we look forward to
seeing how MGM Resorts and BetMGM will continue to broaden their
business with Baseball."
Since becoming MLB's first-ever Official Gaming Partner and
Entertainment Partner in 2018, MGM Resorts and BetMGM have expanded
their commitment to baseball by partnering with multiple MLB Clubs
on a variety of levels, including with the Boston Red Sox, Detroit
Tigers, Los Angeles Dodgers, New York Mets, New York Yankees,
Houston Astros and Washington
Nationals. As part of the Nationals partnership, BetMGM built the
first retail sportsbook connected to an MLB stadium and is the only
mobile sports betting app available at Nationals Park.
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 33 unique hotel and gaming
destinations globally, including some of the most recognizable
resort brands in the industry. The Company's 50/50 venture,
BetMGM, LLC, offers U.S. sports betting and online gaming through
market-leading brands, including BetMGM and partypoker. The Company
is currently pursuing targeted expansion in Asia through the integrated resort opportunity
in Japan. Through its "Focused on
What Matters: Embracing Humanity and Protecting the
Planet" philosophy, MGM Resorts commits to creating a more
sustainable future, while striving to make a bigger difference in
the lives of its employees, guests, and in the communities where it
operates. The 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, please visit us
at www.mgmresorts.com. Please also connect with us
@MGMResortsIntl on Twitter as well
as Facebook and Instagram.
About BetMGM
BetMGM is a market-leading sports betting and gaming
entertainment company, pioneering the online gaming industry. Born
out of a partnership between MGM Resorts International (NYSE: MGM)
and Entain Plc (LSE: ENT), BetMGM has exclusive
access to all of MGM's U.S. land-based and online sports betting,
major tournament poker, and online gaming businesses.
Utilizing Entain's U.S.-licensed, state of the art
technology, BetMGM offers sports betting and online
gaming via market-leading brands, including BetMGM, Borgata
Casino, Party Casino, and Party Poker. Founded in
2018, BetMGM is headquartered in New Jersey. For more information,
visit http://www.betmgminc.com/.
Forward-Looking
Statements
Statements in this release that are not historical facts are
forward-looking statements, within the meaning of the Private
Securities Litigation Reform Act of 1995, as amended, and involve
risks and/or uncertainties, including those described in MGM
Resorts' public filings with the Securities and Exchange
Commission. Forward-looking statements can be identified by the use
of forward-looking terminology such as "believes," "expects,"
"could," "may," "will," "should," "seeks," "likely," "intends,"
"plans," "pro forma," "projects," "estimates" or "anticipates" or
the negative of these words and phrases or similar words or phrases
that are predictions of or indicate future events or trends and
that do not relate solely to historical matters. 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, MGM Resorts'
expectations regarding the benefits of the partnership. These
forward-looking statements involve a number of risks and
uncertainties. Among the important factors that could cause actual
results to differ materially from those indicated in such
forward-looking statements include risks related to the continued
impact of the COVID-19 pandemic on MGM Resorts' business, the
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
David Hochman, Major League
Baseball, (212) 931-7878
Marc Jacobson, MGM Resorts,
mjacobson@mgmresorts.com
Elisa Richardson, BetMGM,
press@betmgm.com
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SOURCE MGM Resorts International; BetMGM