NASHVILLE, Tenn., Sept. 28, 2020 /PRNewswire/ -- The Tennessee
Titans announced today that BetMGM, the joint venture between MGM
Resorts International (NYSE: MGM) and GVC Holdings (LSE: GVC), is
the team's first Official Sports Betting Partner. The announcement
marks a historic moment in Tennessee as it represents the state's first
official partnership between a professional sports team and sports
betting platform.
"We are thrilled to bring BetMGM to the state of Tennessee," said Gil
Beverly, Titans Sr. Vice President, Chief Marketing and
Revenue Officer. "BetMGM will deliver new experiences and levels of
engagement to our fans and we're excited to welcome them in as an
official partner."
As an official sports betting partner, BetMGM will receive brand
visibility across multiple Titans digital assets and key in-game
moments, such as field goal attempts, video board replays, and
more. BetMGM will become the exclusive naming rights partner of the
Titans' television studio at Saint Thomas Sports Park, and will be
home to Titans All Access, the Coach Mike
Vrabel Show and additional content aired throughout
Tennessee. BetMGM also will sponsor a soon-to-be-announced
Titans raffle benefitting The Titans Foundation, which directs
funds to community organizations across the state.
BetMGM's Chief Marketing Officer Matt
Prevost said, "The Titans are an incredible organization and
we're proud to have BetMGM as the team's first official sports
betting partner. This is truly a partnership between two great
brands and we're excited to introduce Titans fans to new ways to
engage with their favorite football team."
BetMGM recently received a conditional license to offer online
sports betting in Tennessee. The BetMGM mobile app is
scheduled to go live in the state November
1 when online sports betting is scheduled to launch, pending
regulatory approval. The BetMGM app is currently available for
download in seven states on both iOS and Android. For more
information, follow @BetMGM on Twitter.
The partnership was sourced and supported by SPORTFIVE and
Sportradar, both key to the agreement's development and
completion.
About BetMGM
BetMGM is a market leading sports betting
and gaming platform by BetMGM LLC, the joint venture between MGM
Resorts International (NYSE: MGM) and GVC Holdings Plc (LSE: GVC).
Based in New Jersey, the company
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 opportunities created by the U.S. Supreme
Court's decision to overturn the U.S. federal Professional and
Amateur Sports Protection Act (PASPA). Utilizing GVC's US-licensed,
state-of-the-art proprietary technology platform, BetMGM offers
sports betting and online gaming via market leading brands
including BetMGM and partypoker. The company 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.
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 in the United States and Macau, including some of the most recognizable
resort brands in the industry such as Bellagio, MGM Grand, ARIA and
Park MGM. 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" initiative, 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 GVC Holdings
GVC Holdings PLC is one of the
world's largest sports-betting and gaming groups, operating both
online and in the retail sector. The Group owns a
comprehensive portfolio of established brands; Sports Brands
include bwin, Coral, Crystalbet, Eurobet, Ladbrokes, Neds and
Sportingbet; Games Brands include CasinoClub, Foxy Bingo, Gala,
Gioco Digitale, partypoker and PartyCasino. The Group owns
proprietary technology across all of its core product verticals and
in addition to its B2C operations provides services to a number of
third-party customers on a B2B basis. The Group has also entered
into a joint-venture with MGM Resorts to capitalise on the
sports-betting and gaming opportunity in the US. The Group,
incorporated in the Isle of Man, is a constituent of the FTSE 250
index and has licenses in more than 20 countries, across five
continents. For more information see the Group's website:
www.gvc-plc.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 BetMGM's ability
to grow in new or existing jurisdictions. Management has based
forward-looking statements on current expectations and assumptions
and not on historical facts. Among the important factors that could
cause actual results to differ materially from those indicated in
such forward-looking statements include the effects of economic and
market conditions in the jurisdictions in which BetMGM operates,
competition with other iGaming and sports betting platforms, the
timing and costs of expanding in new jurisdictions as well as
obtaining and maintaining the required permits, licenses,
financings, approvals and other contingencies in connection with
growth in new or existing jurisdictions. In providing
forward-looking statements, BetMGM 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 BetMGM 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
Tennessee
Titans
Kate Guerra
kguerra@titans.nfl.com
BetMGM
Elisa
Richardson
press@betmgm.com
MGM Resorts
Marc
Jacobson
media@mgmresorts.com
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SOURCE MGM Resorts International