MGM Resorts and BetMGM renew multi-year partnerships with Major League Baseball

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Summary · why it matters

MGM Resorts International and BetMGM have renewed their partnerships with Major League Baseball under new multi-year agreements. The deals extend a relationship that began in 2018, when the companies became MLB's first official gaming and sports betting partners. MGM Resorts will remain MLB's exclusive integrated resort and casino partner, while BetMGM will continue promoting its sports betting products across MLB media platforms including MLB Network, MLB.com, and the league's digital properties in the United States and Canada. Financial terms were not disclosed.

Impact on stocks 1

Consumer Discretionary▲ · 1 stocks
MGM Resorts International
MGM
▲ PositiveDemandrelevance

Renewed MLB partnership extends exclusive casino partner status, driving customer demand for MGM's resorts.

Off-coverage companies 2

BetMGMPrivate▲ Positive
Demandrelevance

Renewed MLB partnership extends sports betting promotion across MLB media, boosting product adoption.

Major League BaseballPrivate± Mixed
relevance

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