LAS VEGAS, May 3, 2017 /PRNewswire/ -- MGM Resorts
International (NYSE: MGM), the world's leading entertainment
company, and GVC Holdings PLC (LSE:GVC), the multinational sports
betting and gaming group, are pleased to announce they have entered
into an agreement to launch online casino and poker games in
New Jersey under the playMGM
brand.
GVC currently provides software and support services for the MGM
Resorts-owned Borgata Hotel Casino & Spa in New Jersey and has powered Borgata's online
casino and poker products since online gaming was regulated in the
state in November 2013. Today's
announcement marks a strengthening of the relationship between the
companies and the first time that real-money online casino and
poker will be offered under MGM's iconic brand.
Launching later this year, playMGM casino and poker will sit on
the latest version of GVC's proprietary technology stack, which
offers desktop and mobile variants, over 300 casino games
(including progressive jackpot slots) and multiple variants of
tournament and cash play poker.
In addition to its unique in-house developed content, GVC also
integrates the best games from third-party suppliers. Earlier this
year, games from NYX Gaming were incorporated into the Group's
New Jersey platform, and further
content from leading developers will be added throughout the
year.
playMGM customers are also set to benefit from MGM Resorts'
exclusive M life Rewards program, which will be integrated
into the GVC platform. M life Rewards is MGM Resorts
International's premier rewards program, where members earn
benefits for virtually every dollar spent at 15 world-renowned MGM
Resorts destinations in the U.S.
"We are delighted to extend our relationship with MGM Resorts
and to be launching casino and poker under the playMGM brand in
New Jersey," said GVC's Chief
Operating Officer Shay Segev. "MGM
Resorts is quite simply one of the biggest and best names in the
business, and we look forward to working with them for many years
to come."
"This is a historic moment for MGM Resorts to be launching real
money online casino and poker under the MGM brand for the first
time," said Corey Sanders, Chief
Operating Officer of MGM Resorts. "GVC has been a first-rate
partner for us, and we are excited about the possibilities of
extending that partnership as regulated markets open up in the
U.S."
About GVC Holdings PLC
GVC Holdings PLC is a leading e-gaming operator in both B2C and
B2B markets. GVC has four business segments with a number of
brands; Sports Labels (bwin, Sportingbet, Gamebookers), Games
Labels (partypoker, partycasino, Foxy Bingo, Gioco Digitale,
CasinoClub), B2B and non-core assets. GVC acquired bwin.party
digital entertainment plc on 1 February
2016. The Group is headquartered in the Isle of Man, is a
constituent of the FTSE 250 index and has licences in more than 18
countries.
For more information see the Group's website:
www.gvc-plc.com
About MGM Resorts International
MGM Resorts International (NYSE: MGM) is one of the world's
leading global hospitality companies, operating a portfolio of
destination resort brands including Bellagio, MGM Grand, Mandalay
Bay and The Mirage. The Company opened MGM National Harbor
in Maryland on December 8, 2016, and is in the
process of developing MGM Springfield in Massachusetts. MGM
Resorts controls and holds a 76 percent economic interest in the
operating partnership of MGM Growth Properties LLC (NYSE: MGP), a
premier triple-net lease real estate investment trust engaged in
the acquisition, ownership and leasing of large-scale destination
entertainment and leisure resorts. The Company also owns 56 percent
of MGM China Holdings Limited (SEHK: 2282), which owns
MGM MACAU and is developing MGM COTAI, and 50 percent of
CityCenter in Las Vegas, which features ARIA Resort &
Casino. MGM Resorts is named among FORTUNE® Magazine's 2017 list of
World's Most Admired Companies®. For more information about MGM
Resorts International, visit the Company's website
at www.mgmresorts.com.
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 and involve risks and/or
uncertainties, including those described in each company's public
filings with the Securities and Exchange Commission. The companies
have 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, the
expectations regarding the timing of the launch of playMGM casino
and poker. 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 effects of economic
conditions and market conditions in the markets in which the
companies operate 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 the each of the company's Form 10-K, Form 10-Q and
Form 8-K reports (including all amendments to those reports). In
providing forward-looking statements, the companies are 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 the companies update 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.
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SOURCE MGM Resorts International