LAS VEGAS, July 22, 2025 /PRNewswire/ -- BetMGM LLC ("BetMGM"), a leading sports betting and iGaming operator jointly owned by MGM Resorts International (NYSE: MGM) ("MGM Resorts") and Entain plc (LSE: ENT) ("Entain"), will release a business update for the period April 1 – June 30, 2025 ("2Q") on Tuesday, July 29, 2025. BetMGM management will host a conference call including Q&A at 9:00am ET / 6:00am PT (2:00pm UK). About MGM Resorts International MGM Resorts International (NYSE: MGM) is an S&P 500® global ...

Group 1 - The MGM Huafu Hotel in Zhuhai, a collaboration between Zhuhai Zhengfang Group and MGM International Hotel Group, has officially opened as the world's first MGM Huafu Hotel [1][5] - The hotel features 147 guest rooms and villas within a vast area of approximately 76,800 square meters, showcasing a blend of Lingnan garden aesthetics and modern architectural design [1][3] - The hotel aims to create an immersive cultural experience by integrating local cultural elements with contemporary Chinese hospitality [10][12] Group 2 - MGM International Hotel Group's China President, Zhou Feng, emphasized that the opening of the Zhuhai MGM Huafu Hotel marks the global debut of the brand, reflecting the group's confidence in the long-term development potential of the Chinese market [5][6] - Zhuhai Zhengfang Group's Chairman, Long Xinwen, highlighted the project's focus on quality and excellence, aiming to enhance the city's landscape and cultural integration [8][10] - The hotel will leverage MGM's international luxury hotel management experience to provide diverse and exceptional experiences for local residents and visitors, while also connecting with other MGM properties in the Greater Bay Area [12]

Core Insights - The signing ceremony between Diaoyutai MGM Hotel Group and Shenzhen TeFa Xiaomeisha marks the entry of MGM's sister brand, MGM Mirage Hotel, into Xiaomeisha, aiming to invigorate the coastal resort area with a dual focus on entertainment and fashion [2][3] Group 1: Company Developments - MGM Mirage Hotel will feature a modern design with approximately 230 luxury rooms, a full-service restaurant, an infinity outdoor heated pool, a stylish spa, and a family-friendly playground [2] - This marks the first establishment of the MGM Mirage brand in Shenzhen, representing a significant milestone in MGM Group's expansion within the Greater Bay Area [2] - The hotel aims to create a unique experience that combines vibrant entertainment with contemporary hospitality, positioning itself as a fashion benchmark and vitality center in the city [2] Group 2: Industry Impact - The opening of Shenzhen MGM Hotel has already enhanced the area's visitor traffic and overall quality, with ongoing upgrades in the Xiaomeisha area expected to be partially completed by 2024 [3] - The introduction of the "dual brand" matrix with the MGM Mirage Hotel is anticipated to further enrich the coastal resort offerings in Xiaomeisha, boosting regional vitality and diverse appeal [3] - This development is expected to contribute to establishing a new cultural, entertainment, and fashion landmark in Shenzhen and the Greater Bay Area [3]

Core Insights - BetMGM and Marriott Bonvoy have launched a unique rewards collaboration that allows players to link their accounts and earn rewards points for sports betting and iGaming activities [6] - A special fantasy football draft weekend event will be hosted in Las Vegas, featuring former All-Pro quarterback Matt Ryan, providing participants with insider insights and real-time reactions [2][3] Company Overview - BetMGM is a leading sports betting and gaming entertainment company, formed through a partnership between MGM Resorts International and Entain Plc, and has exclusive access to MGM's U.S. sports betting and online gaming operations [9][10] - Marriott Bonvoy is Marriott International's travel program, offering members access to a wide range of hotel brands and experiences globally [11] Event Details - The fantasy football draft event will take place at the BetMGM Sportsbook at ARIA Resort & Casino, including a three-night stay at The Cosmopolitan of Las Vegas, round-trip flights, and a $6,000 MGM Resorts credit for dining and spa experiences [3] - Participants can enter the sweepstakes by linking their BetMGM and Marriott Bonvoy accounts through the BetMGM app from July 9 to July 30, with the opportunity to enter up to three times [4] Marketing Strategy - The collaboration aims to create exceptional experiences for sports fans, enhancing customer engagement and loyalty through unique events and rewards [3][6] - BetMGM continues to focus on responsible gaming, providing resources and tools to ensure a safe gaming environment for its customers [7]

Core Concept - The article announces the upcoming launch of CARBONE Riviera, a seafood-focused restaurant by Major Food Group in partnership with Bellagio Resort & Casino, set to open this fall in Las Vegas [1][2][3]. Company Overview - Major Food Group, co-founded by Mario Carbone, Jeff Zalaznick, and Rich Torrisi, has established a global presence with over fifty restaurants and has been recognized as one of the most creative companies in the hospitality industry [10]. - MGM Resorts International operates Bellagio, which is known for its luxury offerings and award-winning dining experiences [9]. Restaurant Concept - CARBONE Riviera is described as an evolution of the CARBONE brand, emphasizing a seafood-driven dining experience while maintaining the legacy of Italian-American cuisine [3][4]. - The restaurant will feature a grand seafood display and a whole fish program, showcasing various seafood delicacies prepared with theatrical flair [5][6]. Design and Experience - The restaurant is designed by Martin Brudnizki and will occupy the former Picasso space, known for its culinary excellence [3][4]. - Guests will experience a luxurious atmosphere with personalized service led by charismatic captains, enhancing the overall dining experience [6]. Additional Offerings - Alongside the restaurant, Bellagio will introduce a luxury Riva mini yacht experience, allowing guests to enjoy scenic views of the Fountains of Bellagio [7].

Core Insights - BetMGM has launched its gift cards in Canada, marking the first sportsbook-branded gift card available in the country across 2,500 retail locations [1][2] - The gift card program allows players to fund their iGaming and sportsbook accounts securely via PIN redemption, with a 99% redemption rate reported in the U.S. [2][3] - Ontario is identified as a strong market for sports betting and iGaming, with BetMGM being a top-tier operator in the region [3] Company Overview - TAPPP is a leader in flexible payment options and has established a retail network covering over 50,000 locations across the U.S. and Canada [7] - BetMGM is a market leader in sports betting and gaming entertainment, formed through a partnership between MGM Resorts International and Entain Plc, and offers various online gaming services [8] Market Expansion - The BetMGM gift card program initially launched in the U.S. in September 2021 and has since expanded rapidly across 15 states [3] - The introduction of gift cards in Canada represents a significant step in BetMGM's expansion strategy into new jurisdictions [2][3] Responsible Gaming - BetMGM emphasizes responsible gaming education and provides resources through the GameSense integration on its platforms [4]

Core Viewpoint - MGM Resorts International's stock is experiencing downward pressure following a "sell" rating from Goldman Sachs, which has set a price target of $34, citing concerns over free cash flow generation impacting capital returns and valuation [1] Group 1: Stock Performance - MGM's shares have decreased by 15% over the past 12 months, but are projected to have a 5.2% increase by 2025, supported by the 20-day moving average [2] - The stock has recently achieved its third consecutive weekly gain, surpassing the 200-day moving average, a significant trendline that had previously limited price increases [2] Group 2: Options Market Activity - The 10-day call/put volume ratio for MGM stands at 6.76, indicating a high level of optimism that is above 94% of annual readings, suggesting potential downward pressure if this optimism unwinds [3] - MGM's Schaeffer's Volatility Index (SVI) is at 33%, placing it in the 10th percentile of its annual range, indicating that options traders are anticipating lower-than-usual volatility [4] - The Schaeffer's Volatility Scorecard (SVS) for MGM is 83 out of 100, suggesting that the stock has historically exceeded volatility expectations over the past year [4]

Group 1 - U.S. equities showed mixed performance, with the S&P 500 and Nasdaq declining from record highs while the Dow Jones Industrial Average increased [1][5] - Tesla (TSLA) shares fell due to a renewed conflict between CEO Elon Musk and President Trump, who suggested an investigation into Tesla's subsidies [1][5] - Sweetgreen (SG) shares dropped following a downgrade and price target cut by TD Cowen, citing weakness in urban locations [2] - AeroVironment (AVAV) shares decreased after announcing a $1.35 billion stock and convertible notes offering to finance its $4.1 billion acquisition of BlueHalo [2] Group 2 - Shares of Wynn Resorts (WYNN), Las Vegas Sands (LVS), and MGM Resorts International (MGM) surged after Macau casinos reported June gambling revenues exceeding expectations [3][5] - Packaging Corporation of America (PKG) shares rose after acquiring Greif's containerboard business for $1.8 billion [3] - Hasbro (HAS) shares increased following an upgrade from Goldman Sachs, which highlighted potential benefits from the "Magic: The Gathering" card game [3] Group 3 - Oil and gold futures experienced an increase, while the yield on the 10-year Treasury note advanced [4] - The U.S. dollar strengthened against the euro and pound but weakened against the yen [4] - Most major cryptocurrencies traded lower [4]

Macau Gaming Revenue Resurgence - Macau's gambling sector is experiencing a post-pandemic recovery, with June gross gaming revenue showing a 19% year-over-year improvement [1] - June gambling revenue reached $26 billion [2] - Gaming revenue jump may be a result of promotional spending [3] - Macau has not yet returned to pre-pandemic levels, making future earnings reports crucial for insight [4] Stock Market Impact - Casino stocks with Macau exposure are rising, including Wind (up 8%), Las Vegas Sands (up 8%), Melco (up 11%), and MGM Resorts (up 6%) [2] - Melco has seen gains of 52% over the last 3 months [3] Diversification Efforts - Macau is attempting to diversify its economy beyond gambling, focusing on shows and events like NBA exhibition games [5][6] - The success of attracting non-gambling spending is yet to be determined [6] Economic Factors - The Chinese macro backdrop remains a key consideration for Macau casinos [4] - There can be a divergence between the Chinese economy and gambling activity in Macau, as it is fueled by serious gamblers [5]

Core Viewpoint - MGM Yonkers Inc. has submitted a $2.3 billion proposal to transform the Empire City Casino into a commercial casino and entertainment destination, aiming to benefit the local community and the State of New York [1][2][6] Group 1: Project Details - The proposal includes full renovation and expansion of existing gaming areas, a high-limit lounge, and a state-of-the-art BetMGM Sportsbook for retail sports betting [2] - Plans feature a 5,000-person capacity entertainment venue and meeting space for various performances and community events [2] - The project will also introduce three new full-service restaurants and renovate existing dining options [3] Group 2: Economic Impact - Since its opening in 2006, Empire City Casino has generated over $5 billion for New York State education, with $1.6 billion contributed since MGM Resorts took ownership in 2019 [5] - The project is expected to create thousands of direct, induced, and indirect jobs, enhancing economic activity in the region [7] - If awarded the license, 20% of generated tax revenue will be distributed, with 10% to Yonkers, 5% to Westchester County, and 5% to Rockland and Putnam counties [6] Group 3: Sustainability and Community Commitment - The proposal includes a parking garage with solar energy arrays and electric vehicle parking, showcasing MGM Resorts' commitment to sustainability [3] - Significant investments are planned for public infrastructure improvements in Yonkers, including roads and water lines [8] - MGM Resorts emphasizes building and sustaining communities as a core belief, integrating energy-efficient methods in the project [8]