Boyd Gaming and MGM Resorts International ink new deal
News on 30 Jul 2018
News on 30 Jul 2018
Hot on the heels of its monumental joint venture with GVC Holdings announced over the weekend (see previous reports), MGM Resorts International and Boyd Gaming unveiled Monday what the two companies are calling an ‘unprecedented partnership’ focused on the future of both online gambling and sports betting around the US.
The two major gambling corporates have casinos in a combined 15 states, and said they will work together on online casino, sports betting and poker as opportunities crop up in new states. The deal’s goal, a press release from MGM declares, is “to significantly increase each company’s market access and customer base throughout the United States.”
MGM and Boyd will both have the opportunity to offer online and mobile gaming platforms – including sports betting, casino gaming and poker – in jurisdictions where either Boyd Gaming or MGM Resorts operate physical casino resorts, and where online licenses are available.
The two corporates have worked together before, holding equal stakes in Borgata New Jersey until MGM bought out Boyd in 2016 (see previous reports).
MGM CEO Jim Murren said in a statement Monday:
“We are excited to team yet again with Boyd Gaming on this unprecedented partnership, which allows us to fully engage with the almost 30 million M life Rewards members throughout the country. We look forward to expanding our entertainment options for guests beyond their visits to our land-based resorts.”
“Our industry is evolving, providing opportunities for growth through new forms of gaming like online and mobile gaming,” said Boyd Gaming president and CEO Keith Smith. “Thanks to our partnership with MGM Resorts, Boyd Gaming will have the opportunity to potentially add an online presence in five additional states, positioning us for significant future growth as our respective companies take a leadership role in our industry’s evolution.”
