MGM Resorts acelera para estar en l��nea en todo el mundo

MGM Resorts Announces Intent to Extend Online Gaming Platforms Worldwide

Jonathan Halkyard, MGM’s chief financial officer, stated at the Bank of America Securities Gaming and Lodging Conference 2021 that the company will continue to expand its BetMGM online gaming business, while actively moving toward an asset reduction model that allows it to focus primarily on gaming operations rather than ownership.

Due to the lack of novel prospects for land-based resorts and MGM’s unwillingness to invest in such resources outside of Macau and Japan, expansion is likely to continue elsewhere. In addition to owning majority ownership of MGM China, which operates MGM Macau and MGM Cotai, MGM Resorts also heads a group that intends to build an integrated resort in Osaka, Japan.

“When I think about the company, it comes to mind that it has to be the most well-known and most trusted in the gaming industry,” Halkyard said.

“Casual, high-end and hopefully in the largest number of distribution points with the highest availability in this country.”

“Then, to the extent that it is regulated, online offers internationally.”

“Realistically, the opportunity for integrated resorts is not available in many countries and the cost of capital can be quite extreme, but we hope to be able to play in Macau and Japan. So the best, [most] reliable brands available anywhere and top-notch in the game.”

Halkyard focused his comments on the long-term potential of the partnership’s joint venture with Entain PLC, BetMGM.

Online consumers around the world will become members of M life Rewards and earn points and rewards for playing at BetMGM as a result of the omnichannel approach they advocate. Halkyard added that it will continue to streamline its business strategy for the foreseeable future.

“In the past, MGM has had a good relationship with its brand game, and over the past six months, Bill (Hornbuckle, CEO) and I, as well as several members of the management team, have reduced and closed a number of those investments,” he said.

“They’re all small, but they require financial and management resources, so we’re going to put them aside.”

“We’ve gone through the [sale] of CityCenter, the MGP (MGM Growth Properties LLC) operation, so less financial engineering and more simplified and clearer about what we are, which is an OpCo.”

SiGMA Americas Virtual 2021:

The SiGMA Americas Virtual conference will take place from September 13 to 14, 2021. It will feature an interactive map of the exhibition, networking rooms and the best exhibitors in the sector. The booths designed for the event are equipped with product announcements and chats and attendees can visit the virtual stage where a series of panels and speeches on the most important topics will be presented in a two-day live conference. Take a look at the agenda or see who will be attending on the event floor.