LAS VEGAS, Dec. 4, 2018 /PRNewswire/ -- MGM Resorts
International (NYSE: MGM) ("MGM Resorts" or the "Company") has
retained TFA Capital Partners ("TFA") to assist the Company in
identifying opportunities for sports betting partnerships with
Tribal Nations throughout Indian Country.
TFA has extensive relationships throughout Indian Country, and
with TFA's assistance, the MGM-GVC joint venture hopes to provide
Tribal Nations with a turn-key customizable omni-channel sports
betting solution that includes:
- Over-the-counter sports betting, self-service kiosks and mobile
sports betting products powered by the joint venture's proprietary
end-to-end technology;
- Premier odds setting/trading/risk management services;
- Design, marketing and operating consultation;
- Ability to leverage the iconic MGM brand and database, which is
expected to grow with the recently-announced League partnerships
with the NBA, MLB, NHL and Alliance of American Football; and
- Employee training and operational readiness assessments.
"We are excited to bring TFA aboard as sports betting continues
to roll out across the United
States," said Scott Butera,
MGM Resorts' President of Interactive Gaming. "Sports betting
represents a significant opportunity for both the Tribal Nations
and the MGM-GVC joint venture. We look forward to working with the
TFA team to develop mutually beneficial relationships that offer
the joint venture entry into new markets while providing our Tribal
Nation partners with additional capabilities and resources to drive
incremental demand to their casino properties."
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 in 2018
opened MGM Springfield in Massachusetts, MGM COTAI in Macau, and the first Bellagio-branded hotel in
Shanghai. The 81,000 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.
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
and Sportingbet; Gaming Brands include CasinoClub, Foxy Bingo,
Gala, Gioco Digitale, PartyCasino and partypoker. 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. GVC acquired Ladbrokes Coral
Group plc on 28 March 2018 and is now
the UK's largest high street bookmaker, with over 3,500 betting
shops. The Group, incorporated in the Isle of Man, is a constituent
of the FTSE 100 index and has licenses in more than 20 countries,
across five continents.
ABOUT TFA CAPITAL PARTNERS
TFA Capital Partners is a specialized investment banking firm
focused in Indian Country. The company provides capital
raising, strategic and financial advisory services to Tribes, their
enterprises as well as to commercial entities that do business with
Tribes. TFACP is headquartered in El Segundo, California, with an office in
Charlotte, North Carolina.
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 relationship with TFA Capital Partners or any future
agreements with Tribal Nations. 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.
View original
content:http://www.prnewswire.com/news-releases/mgm-resorts-international-retains-tfa-capital-partners-as-strategic-advisor-for-development-of-key-tribal-sports-betting-partnerships-300759796.html
SOURCE MGM Resorts International