MGM Resorts International (NYSE:MGM)
$ 34.74 0.45 (1.31%) Market Cap: 10.34 Bil Enterprise Value: 40.02 Bil PE Ratio: 12.45 PB Ratio: 3.19 GF Score: 77/100
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MGM Resorts International at JPMorgan Gaming, Lodging, Restaurant & Leisure Management Access Forum Transcript

Mar 11, 2021 / 04:00PM GMT
Release Date Price: $39.19 (+4.17%)
Joseph Richard Greff
JPMorgan Chase & Co, Research Division - MD

All right. Good morning, everyone. We're very excited to have with us who is a newcomer to the JPMorgan Gaming, Lodging, Leisure Management Access Forum, is Adam Greenblatt, Chief Executive Officer of BetMGM. BetMGM has gotten a lot of attention from MGM investors, and it's obviously participating in a hyper-growth business segment, which is interesting, and we'll look to hear Adam's strategic initiatives and recent successes.

Adam, thank you for joining us. We appreciate your time. I'll just start off by saying BetMGM is a -- is currently set up as a 50-50 joint venture between MGM and a U.K.-based company, Entain.

Questions & Answers

Joseph Richard Greff
JPMorgan Chase & Co, Research Division - MD

And can you talk about sort of the relationship with Entain? And if you want to talk about sort of what happened in January in terms of trying to control the whole entity, but just the sort of the working relationship with them as a 50-50 joint partner and how decisions

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