Mar 31, 2022
Announcement coincides with MGM Resorts’ continued support of Problem Gambling Awareness Month
BEVERLY, MASS. – March 31, 2022–The International Center for Responsible Gaming (ICRG) announced today that it has received a $250,000 grant fromMGM Resorts International (NYSE: MGM)in support of the organization’s research and education on gambling disorder and responsible gambling.
“As one of our original donors, MGM Resorts International has literally helped create the field of study on gambling addiction and responsible gambling,” said ICRG President Arthur Paikowsky. “We are deeply grateful for their continuing support of efforts to effectively prevent and treat gambling disorder.”
Since its establishment in 1996, the ICRG has become a prominent funding source in problem gambling research, yielding hundreds of articles published in peer-reviewed scientific journals. The donation will help fund several programs designed to educate treatment providers, responsible gambling professionals, regulators and public policy makers about gambling disorder and responsible gambling.
MGM Resorts CEO & President Bill Hornbuckle said, “Gaming operators share an obligation to maintain high standards that contribute to the well-being of our industry.We believe the ICRG’s research willcomplement our commitment to GameSense,guide the advancement of responsible gaming, and help us improve the ways we engage with our guests to promote healthy play. As sports betting and iGaming become more widely accessible, it’s important that we strengthen our commitment to providing a safe experience for everyone, whether they’re playing at one of our casino resorts or through one of our apps.”
The grant comes as MGM Resorts continues its efforts in promoting Problem Gambling Awareness Month throughout March and through its responsible gaming program, GameSense. Developed and licensed to MGM Resorts in 2017 by the British Columbia Lottery Corporation (BCLC), GameSense focuses on positive, transparent, and proactive conversations with players about how to gamble responsibly.
As mobile sports betting and iGaming continue to expand rapidly across the country, the ICRG is focused on collaborating with key operators, such as MGM Resorts, to bring a focused approach to research and education aimed at protecting vulnerable populations. MGM Resorts’ mobile and desktop gaming app, offered by BetMGM (a joint venture between MGM Resorts and Entain) is currently available in 22 markets, providing customers an array of responsible gaming tools and resources.
ICRG-funded research has informed the industry about the health risks of casino employees, created the only research-based website on college gambling, and launched a national campaign to make parents and teachers aware of youth gambling. Projects currently in process are evaluating the responsible gambling tool of self-imposed limits on time and money spent gambling and the national impact of sports wagering.
Additionally, in September 2021, MGM Resorts and BetMGM joined the American Gaming Association (AGA) as official partners of itsHave A Game Plan.® Bet Responsibly.™public service campaign to educate new and seasoned bettors on responsible sports wagering.
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The ICRG, founded in 1996, continues to serve as the only funding source for scientific research on gambling disorder and responsible gambling in the United States. Recently, it has become a global leader in the field. For more information, visit www.icrg.org.
About MGM Resorts International
MGM Resorts International (NYSE: MGM) is an S&P 500® global entertainment company with national and international locations featuring best-in-class hotels and casinos, state-of-the-art meetings and conference spaces, incredible live and theatrical entertainment experiences, and an extensive array of restaurant, nightlife and retail offerings. MGM Resorts creates immersive, iconic experiences through its suite of Las Vegas-inspired brands. The MGM Resorts portfolio encompasses 32 unique hotel and gaming destinations globally, including some of the most recognizable resort brands in the industry. The Company’s 50/50 venture, BetMGM, LLC, offers U.S. sports betting and online gaming through market-leading brands, including BetMGM and partypoker. The Company is currently pursuing targeted expansion in Asia through the integrated resort opportunity in Japan. Through its 'Focused on What Matters: Embracing Humanity and Protecting the Planet'philosophy, MGM Resorts commits to creating a more sustainable future, while striving to make a bigger difference in the lives of its employees, guests, and in the communities where it operates. The global employees of MGM Resorts are proud of their company for being recognized as one of FORTUNE® Magazine’s World’s Most Admired Companies®. For more information, please visit us atwww.mgmresorts.com. Please also connect with us @MGMResortsIntl onTwitteras well asFacebookandInstagram.
BetMGM is a market leading sports betting and gaming entertainment company, pioneering the online gaming industry. Born out of a partnership between MGM Resorts International (NYSE:MGM) and Entain Plc (LSE: ENT), BetMGM has exclusive access to all of MGM’s U.S. land-based and online sports betting, major tournament poker, and online gaming businesses. Utilizing Entain’s US-licensed, state of the art technology, BetMGM offers sports betting and online gaming via market leading brands including BetMGM, Borgata Casino, Party Casino and Party Poker. Founded in 2018, BetMGM is headquartered in New Jersey. For more information, visithttps://www.betmgm.com/.
Statements in this release that are not historical facts are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, and involve risks and/or uncertainties, including those described in MGM Resorts’ public filings with the Securities and Exchange Commission. Forward-looking statements can be identified by the use of forward-looking terminology such as 'believes,' 'expects,' 'could,' 'may,' 'will,' 'should,' 'seeks,' 'likely,' 'intends,' 'plans,' 'pro forma,' 'projects,' 'estimates' or 'anticipates' or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events or trends and that do not relate solely to historical matters. MGM Resorts has based forward-looking statements on management’s current expectations and assumptions and not on historical facts. Examples of these statements include, but are not limited to, MGM Resorts’ expectations regarding the timing of the expected roll out of the reimagined loyalty program. These forward-looking statements involve a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those indicated in such forward-looking statements include risks related to MGM Resorts’ ability to roll out the loyalty program on the terms described herein or all, the continued impact of the COVID-19 pandemic on MGM Resorts’ business, the effects of economic conditions and market conditions in the markets in which MGM Resorts operates and competition with other destination travel locations throughout the United States and the world, the design, timing and costs of expansion projects, risks relating to international operations, permits, licenses, financings, approvals and other contingencies in connection with growth in new or existing jurisdictions and additional risks and uncertainties described in MGM Resorts’ Form 10-K, Form 10-Q and Form 8-K reports (including all amendments to those reports). 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. 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.
(l-r) Stephen Martino, Chief Compliance Officer & Senior Vice President at MGM Resorts International, and ICRG President Art Paikowsky. MGM Resorts International recently awarded ICRG a grant of $250,000 in support of scientific research on gambling disorder and responsible gambling.