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Gambling in the USA

MGM Resorts International Becomes Official Gaming Partner Of The NBA In Historic Alliance

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  • NBA and MGM Resorts to Partner on Best-in-Class Integrity Efforts to Protect NBA and WNBA Games
  • Partnership to Provide MGM Resorts with Official NBA and WNBA Data; Use of NBA and WNBA League Logos Across their Sports Betting Platforms

NEW YORK and LAS VEGASJuly 31, 2018 – MGM Resorts International (NYSE: MGM) and the National Basketball Association (NBA) announced today a new multi-year partnership that will make MGM Resorts the official gaming partner of the NBA and WNBA.  The announcement was made this afternoon by NBA Commissioner Adam Silver and MGM Resorts International Chairman & CEO Jim Murren in New York City.

This historic partnership will bring millions of NBA fans and MGM Resorts guests together through an innovative collaboration that will open new and exciting opportunities to engage with each other’s world-class brands and products.  The partnership is the NBA’s first with a sports betting operator in the U.S. and is the first of its kind between MGM Resorts and a major professional sports league.

As part of the partnership, MGM Resorts will use official NBA and WNBA data and branding, on a non-exclusive basis, across MGM Resorts’ land-based and digital sports betting offerings throughout the United States.

“As the landscape for sports betting in the U.S. continues to evolve at a rapid pace, MGM Resorts is a proven gaming leader for us to work with on this groundbreaking partnership,” said Silver.  “Our collaboration will result in the best possible gaming and entertainment experience for consumers through the use of accurate, real-time NBA and WNBA data, and our collective efforts to maintain and enhance the integrity of our games.”

“The NBA has always been an innovator at the forefront of sports evolution, and MGM Resorts is thrilled to partner with the league to revolutionize sports betting in the United States,” said Murren.  “Integrating the NBA’s assets and having official NBA data showcased across the MGM Resorts platforms will provide us with a distinct advantage and instill more confidence in knowing that our data is directly from the NBA.”

MGM Resorts and the NBA will also partner on best-in-class practices to protect the integrity of NBA and WNBA games, including anonymized real-time data sharing.

The NBA and MGM Resorts will also work together to create a series of integrations across NBA platforms, including a special digital content series.

MGM Resorts will be promoted across the NBA’s digital assets including NBA TV, NBA.com, the NBA App and NBA social media platforms.  Additionally, the NBA will be promoted across MGM Resorts’ sports betting platforms.

The sports betting partnership is the NBA and WNBA’s latest collaboration with MGM Resorts.  In 2017, MGM Resorts purchased the WNBA’s Las Vegas Aces after receiving unanimous approval from the WNBA and NBA Board of Governors.  The Aces are Las Vegas’ first professional basketball team and play their home games at MGM Resorts’ Mandalay Bay Events Center.

Additionally, MGM Resorts has been the title partner of the MGM Resorts NBA Summer League the last two years.

About the NBA
The NBA is a global sports and media business built around four professional sports leagues: the National Basketball Association, the Women’s National Basketball Association, the NBA G League and the NBA 2K League.  The NBA has established a major international presence with games and programming in 215 countries and territories in 50 languages, and merchandise for sale in more than 125,000 stores in 100 countries on six continents.  NBA rosters at the start of the 2017-18 season featured 108 international players from a record 42 countries and territories.  NBA Digital’s assets include NBA TV, NBA.com, the NBA App and NBA League Pass.  The NBA has created one of the largest social media communities in the world, with 1.5 billion likes and followers globally across all league, team, and player platforms.  Through NBA Cares, the league addresses important social issues by working with internationally recognized youth-serving organizations that support education, youth and family development, and health-related causes.

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 28 unique hotel offerings including some of the most recognizable resort brands in the industry. Expanding throughout the U.S. and around the world, the company opened MGM Cotai in Macau in February 2018. It is also developing MGM Springfield in Massachusetts and debuting the first international Bellagio branded hotel in Shanghai. The 78,000 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.

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 expected benefits to be achieved as a result of the partnership. 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.

SOURCE MGM Resorts International

CONTACT: John Acunto, NBA, 212-407-8255, [email protected]; Meghan Hays Goodman, MGM Resorts International, 916-212-4069, [email protected]

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Gambling in the USA

Gaming Americas Weekly Roundup – October 11-17

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Welcome to our weekly roundup of American gambling news again! Here, we are going through the weekly highlights of the American gambling industry which include the latest news, new partnerships and new appointments. Read on and get updated.

Latest News

Penn National Gaming has received approval from the Minister of Canadian Heritage under the Investment Canada Act for its acquisition of Score Media and Gaming. The acquisition is expected to be closed on 19 October 2021.

Sharp Alpha Advisors announced last week the final closing of Sharp Alpha Fund I, an oversubscribed $10 million venture capital fund investing in early stage sports betting technology companies.

Online gambling has reached Connecticut, on a limited basis. A soft launch of online sports betting and gaming has begun in Connecticut on October 12. This soft launch allows several hundred people to open accounts to wager for a seven-day period.

Terry Glebocki has resigned as CEO of Atlantic City’s Ocean Casino Resort. Glebocki’s exit reduces the number of female casino bosses after an unprecedented wave of female leadership. Just over a year ago, four of the city’s nine casinos were led by women, but two have since left.

Rush Street Interactive has soft launched a new PlaySugarHouse online sportsbook in partnership with Connecticut Lottery Corporation. From October 12 up to the full launch, 750 customers across the state can register and place bets at www.PlaySugarHouse.com and experience RSI’s award-winning sports betting platform, on a first-come-first-serve basis. Once the 750-player limit is reached, customers who pre-register at www.PlaySugarHouse.com will be added to a waiting list and notified as soon as the full launch is authorised.

NOVOMATIC Americas has showcased an extensive portfolio of products at the G2E 2021. At the centre of the product presentation stood the extended Progressives offer, premiering the new ULTRA BOOST Link. This multi-level Linked Progressive comprises three roaring 50-line titles: the magnificent Great American Buffalo, the iconic Great American Eagle and the Asian title Tiger Storm.

New Partnerships

Leading sports gamification company Low6 has announced a partnership with the NFL franchise Cincinnati Bengals. The deal between the UK-based gamification company and the NFL team from Ohio will see the release of free-to-play games “Bengals Picks” and “Ultimate Bengals”.

DraftKings has announced that it has agreed to a deal with the National Hockey League to become an Official Sports Betting, Daily Fantasy Sports and iGaming Partner of the league in the US. To complement the deal, DraftKings has also reached an agreement with Turner Sports, including Bleacher Report, to be the exclusive sportsbook and daily fantasy sports provider for their coverage of the NHL.

New Appointments

Nevada Governor Steve Sisolak has appointed retired Clark County Judge Jennifer Togliatti and former State Senator Ben Kieckhefer to the Nevada Gaming Commission. Togliatti will serve as chair – and will be the first female to serve as the chair. Togliatti has served the State of Nevada in the state judiciary for more than 25 years and has significant legal, administrative and legislative experience. Kieckhefer has spent the last decade serving in the Nevada State Senate, where he has spent time working on legislation on complex and contentious issues.

New Acquisition

Real estate firm EKN Development Group has acquired the Tahoe Biltmore Lodge & Casino located in Crystal Bay, Nevada.

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Gambling in the USA

Gaming Americas Weekly Roundup – October 4-10

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Welcome to our weekly roundup of American gambling news again! Here, we are going through the weekly highlights of the American gambling industry which include the latest news, new partnerships and new appointments. Read on and get updated.

Latest News

SW Nordic Limited, a subsidiary of Betsson, has completed the acquisition of Inkabet’s B2C online gambling business, a rapidly growing sportsbook and casino business targeting the western region of South America.

The mobile cash payments platform PayNearMe has launched a new platform named “MoneyLine” to manage the complexities of iGaming money movement.

Scientific Games Corporation has signed a definitive agreement to acquire ACS’s cashless table game solution titled PlayOn. The PlayOn cashless product line conveniently provides players with a seamless debit solution at live table games.

DraftKings, a leader in the digital sports entertainment and gaming industries, announced its latest, state-of-the-art office location to be based out of Las Vegas, where the company expects to eventually have an expanded team of more than 1000 employees.

Betfred Sports has launched a new OpenBet-powered retail sportsbook in Louisiana through a partnership with Paragon Casino Resort. The Betfred Sportsbook inside The Draft Room at Paragon Casino Resort, Marksville, is the first retail venue in the state to allow customers to place legal wagers on a variety of sports.

Comanche Nation Entertainment of Lawton Oklahoma has chosen Table Trac’s CasinoTrac casino management system for its new Comanche Cache Casino currently under construction in Cache, Oklahoma.

Following the signing of an exclusive agreement to distribute the game in the US, TCSJOHNHUXLEY has debuted Richer Spin Roulette at this year’s G2E.

Partnerships

Sightline Payments and Konami Gaming have partnered to bring cashless gaming solutions to Resorts World Las Vegas via Sightline’s Play+ digital payments technology and Konami’s SYNKROS casino management system.

Genius Sports has entered into a new partnership with Hard Rock Digital. As the premier mobile and desktop sports betting brand, Hard Rock Digital will have access to Genius Sports’ leading suite of sportsbook solutions, including official sports data from tens of thousands of events per year, customer acquisition and retention tools, and immersive fan engagement solutions.

The PGA TOUR and PointsBet announced a three-year extension of their multi-year content and marketing relationship designating PointsBet an Official Betting Operator of the PGA TOUR.

Genius Sports Limited has announced a new supplier agreement with PointsBet, a top-tier global online gaming operator, to provide its full range of official sportsbook data, content, and fan engagement solutions including for NFL, NASCAR and EPL.

The Esports Awards has announced Expedia, one of the world’s leading full-service travel brands, as the Official Travel Companion of the 2021 Esports Awards.

Appointments

International Game Technology has appointed Joe Asher as President of Sports Betting. Reporting to Enrico Drago, IGT CEO Digital & Betting, Asher will lead the ongoing expansion of the IGT PlaySports sports betting business in North American markets.

Flutter Entertainment has appointed Amy Howe as CEO of FanDuel. Amy joined FanDuel in February 2021 as President with responsibility for leading the company’s core commercial functions across its Sportsbook, Casino, Racing and Daily Fantasy businesses. She was appointed as Interim CEO in July.

Wynn Resorts’ online sports betting and iGaming brand WynnBET has appointed gaming industry veteran Ian Williams as its new Chief Operating Officer.

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Gambling in the USA

Gaming Americas Weekly Roundup – September 27-October 3

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Welcome to our weekly roundup of American gambling news again! Here, we are going through the weekly highlights of the American gambling industry which include the latest news, new partnerships and new appointments. Read on and get updated.

Latest News

GeoComply Solutions has announced that Gold Strike Casino Resort in Tunica, Mississippi has become the state’s first commercial operator to offer on-premise mobile sports betting via BetMGM across their entire casino floor and restaurants. The BetMGM mobile app utilises GeoComply’s on-premise mobile solution PinPoint which enables fast and reliable wagering while on the Gold Strike casino property.

Endeavor Group Holdings has entered into an agreement to acquire OpenBet, a leading content, platform and service provider to the sports betting industry, from Scientific Games Corporation for $1.2 billion paid through a combination of cash ($1 billion) and Endeavor’s Class A common stock ($200 million).

International Game Technology has announced that its U.S. market-leading PlaySports platform will power sports betting at Angel Of The Winds Casino Resort in Washington State.

The Mashantucket Pequot Tribal Nation and DraftKings Inc. announced that retail sports betting in Connecticut begun on September 30 at Foxwoods Resort Casino.

The Texas Lottery has reported $8.107b in sales for the 2021 fiscal year, an increase of 20.9% or $1.403bn from 2020. The Lottery, in its 30 anniversary year, said it made a $1.998bn in contribution to public schools and veterans in the state.

Partnerships

EvenBet Gaming has entered into a partnership with Caleta Gaming. As per the deal, Caleta’s full portfolio including video bingos, kenos, slots, scratchcards and lotto games have been integrated at EvenBet platform.

Leander Games has entered into a partnership with ODDSworks. The collaboration will see ODDSworks utilise Leander’s LeGa remote gaming server platform in the US.

International hosting supplier Internet Vikings has announced a long-term partnership with PlayStar Casino in the United States. They will support the Swedish online casino operator’s advances into the U.S. market by providing them with bespoke iGaming-specific hosting services in New Jersey.

FanDuel Group and Port Madison Enterprises announced plans to bring America’s #1 Sportsbook to the state of Washington. FanDuel Group will form an exclusive partnership with the Suquamish Clearwater Casino Resort to bring retail sports betting to the state of Washington.

Gaming Realms has signed a commercial deal with 4ThePlayer.com. The deal will see 4ThePlayer games integrated onto Gaming Realms’ platform for distribution in the US.

Strendus, the Mexican-facing online betting and gaming brand of Logrand Entertainment Group, has become the Official Sponsor of LaLiga in Mexico.

Elys Game Technology Corp and New York State Restaurant Association (NYSRA) announced the entry into a Memorandum of Understanding (MoU) that expresses a joint interest in promoting and facilitating opportunities for food and beverage establishments to participate in the State’s sports betting industry.

Playtech has secured a multi-state agreement in the US with Kindred Group’s Unibet Interactive. Under the agreement, Playtech will provide its award-winning RNG Casino software to Unibet in New Jersey, with further states to follow in the coming months.

Appointments

FanDuel Group has appointed sports radio and television personality and problem gambling advocate Craig Carton as its first national responsible gaming ambassador.

Gaming Arts has Promoted Jean Venneman, the Company’s current Chief Commercial Officer, to the role of Chief Operating Officer.

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