MGM Resorts InternationalNYSE: MGM

Dublin, July 04, 2024 (GLOBE NEWSWIRE) -- The "MGM Resorts International - Digital Transformation Strategies" report has been added to ResearchAndMarkets.com's offering. MGM Resorts International, a leader in the global gaming and entertainment sector, is committed to pushing the boundaries of customer experience and operational efficiency through a dedicated digital transformation strategy. The company's robust approach leverages a wide array of emerging technologies, including virtual and augmented reality, artificial intelligence (AI), the Internet of Things (IoT), cloud computing, big data, and robotics. Emerging Technologies and Customer Experience MGM Resorts continues to enhance its technology footprint by adopting new platforms and tools that elevate the guest encounter and streamline business processes. Several MGM Resorts brands, such as Mandalay Bay and Mirage Resorts, are actively exploring the realm of digital innovation, as evidenced by their recent trademarks for non-fungible tokens (NFTs), virtual concerts, and online gaming experiences. Strategic Partnerships and Acquisitions In its latest strategic venture, MGM Resorts' subsidiary, LeoVegas, has entered into an agreement to acquire a predominant share in Push Gaming Holding Limited, a UK-based company specializing in the creation of digital games for the betting industry. This acquisition underscores MGM Resorts' commitment to diversifying its digital offerings and expanding its reach in the growing online gaming market. Commitment to Technological Excellence MGM Resorts' technology initiatives reflect a profound dedication to innovation and the enhancement of guest services. By integrating modern technology into its operations, the company is setting new industry standards and delivering unparalleled experiences to its customers. The adoption of advanced technologies across its portfolio is indicative of MGM Resorts' forward-looking vision and desire to continuously evolve within the sector. For further information on MGM Resorts International's innovative technology strategies and initiatives, interested parties may refer to the latest insights into the company's technology operations and objectives. A selection of companies mentioned in this report includes, but is not limited to:

MGM Resorts stock currently trades at $44 per share, roughly 19% below its pre-inflation shock high of $50 seen on March 17, 2021. The stock has been impacted by the Macau operations, which saw business largely collapse over 2021 and 2022, due to stringent Covid-19 restrictions which hurt tourist inflows into the region.

LeoVegas Group, a subsidiary of MGM Resorts (MGM), is set to expand its product offerings and market reach by acquiring the U.S. sportsbook and online casino platform of the Tipico Group.

LAS VEGAS , June 24, 2024 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today announced that its subsidiary, LeoVegas Group ("LeoVegas"), has entered into an agreement to acquire the product and technology platform constituting the U.S sportsbook and online casino from Tipico Group Ltd ("Tipico"). This acquisition is the second major investment by LeoVegas, following the acquisition of game developer Push Gaming in 2023.

Travel is heating up, with nearly 60% of Americans planning leisure trips in the next few months. Airlines expect to carry a record 271M passengers this summer, and cruise lines 34.7M by year-end. Hotel-casinos in Las Vegas, the top U.S. summer spot, report record gaming wins and upticks in visitors and room rates.

MGM Resorts (MGM) to introduce exclusive live casino content and entertainment from Las Vegas venues in partnership with Playtech.

LAS VEGAS and LONDON , June 20, 2024 /PRNewswire/ -- Playtech and MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company"), are today announcing a strategic partnership which will offer new and unique live casino content to operators in the iGaming industry. Streamed directly from the gaming floors of two of MGM Resorts' most iconic Las Vegas Strip properties, the live casino content, branded as "MGM Live," will be available for licensing in regulated markets worldwide, outside of the United States.

Top social media influencer joins BetMGM as Official Ambassador Click here for accompany image JERSEY CITY, N.J. , June 19, 2024 /PRNewswire/ -- BetMGM, a leading sports betting and iGaming operator, announced today an exclusive partnership with Brian Christopher Slots that will make Brian Christopher, the top social media influencer for slots and casinos, a BetMGM brand ambassador.

MGM Resorts (MGM) focuses on development projects to diversify its geographic reach and earnings. However, a volatile macroeconomic environment is concerning.