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The venture will also allow for full integration between the MGM Resorts and GVC loyalty programs, enhancing the user experience and value proposition for existing and future customers. The Group, incorporated in the Isle of Man, is a constituent of the FTSE index and has licences in more than 20 countries, across five continents. Both parties are excited to announce the formation of the joint venture in anticipation of the upcoming professional football season. Executive Director of Investor Relations or cpark mgmresorts. We will notify you of your status via e-mail in one business day.{/INSERTKEYS}{/PARAGRAPH} Examples of these statements include, but are not limited to, statements regarding the expected benefits to be achieved as a result of the formation of the joint venture and the expected market opportunity. The Group owns proprietary technology across all of its core product verticals and in addition to its B2C operations provides services to a number of third-party customers on a B2B basis. To be able to team up with a partner with such pedigree and knowledge, particularly in the U. GVC is unusually qualified due to their existing operations in the U. The new venture will have exclusive access to all U. Upon the publication of this announcement, this inside information is now considered to be in the public domain. {PARAGRAPH}{INSERTKEYS}You must be logged in to view this item. For more information visit us at www. Please include any notes in the "Supporting information for media credentials" box. Together, we are creating a one-of-a-kind platform that we expect will dominate the U. The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation EU No. The formation of the joint venture significantly increases speed to market for both parties in an efficient and prudent manner, lowers execution risk, and creates meaningful early mover advantages. The joint venture is expected to create an unparalleled experience in the United States and will benefit from:. If you qualify, please update your user profile and check the box marked "Check here to register as an accredited member of the news media". If MGM Resorts updates one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those other forward-looking statements. Expanding throughout the U. The venture will establish a separate headquarters to be located in a major U. With proven track records as partners of choice, MGM Resorts and GVC will bring together market-leading assets, distinguished brands, proven and scalable proprietary technology, and extensive industry expertise to revolutionize the world of sports betting and online gaming in the United States. In providing forward-looking statements, MGM Resorts is not undertaking any duty or obligation to update these statements publicly as a result of new information, future events or otherwise, except as required by law. This area is reserved for members of the news media. The MGM Resorts portfolio encompasses 28 unique hotel offerings including some of the most recognizable resort brands in the industry.