MGM Resorts partners with Boyd Gaming

(PRESS RELEASE) -- MGM Resorts International and Boyd Gaming Corporation today announced an unprecedented partnership to significantly increase each company's market access and customer base throughout the United States.

Under this partnership, MGM Resorts and Boyd Gaming 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 online licenses are available. Under this market access agreement, each company will have a path to expand their online and mobile gaming presence across 15 states.

"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," said MGM Resorts Chairman & CEO, Jim Murren. "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."

Including all recently announced acquisitions and the 24 August opening of MGM Springfield, MGM Resorts and Boyd Gaming combined will operate land-based gaming facilities in 15 states (listed below). This partnership allows each company to leverage their scale to create a nationwide approach to online and mobile sports betting, real money casino gaming and poker. In accordance with the terms of the agreement, MGM intends to provide the acquired market access to its newly formed joint venture with GVC Holdings PLC.

As states continue to legalize interactive gaming, both MGM Resorts, through its newly formed joint venture, and Boyd Gaming will be poised to offer products in mobile and online sports betting, real money casino gaming and poker products where legally applicable.