MGM Resorts International, a global hospitality and entertainment company, has played a substantial role in the world of sports, particularly since the mid-2010s. Founded in 1986, the company has grown to become one of the largest and most influential entities in the gaming and hospitality industry. Its headquarters are located in Paradise, Nevada, and it operates a portfolio of destination resort brands, including Bellagio, MGM Grand, Mandalay Bay, and The Mirage, among others.
The company's involvement in sports is multifaceted, encompassing sponsorships, partnerships, and the hosting of major sporting events. MGM Resorts has long been associated with boxing, hosting some of the most high-profile matches in history at its venues, particularly the MGM Grand Garden Arena. This venue has been the site of numerous legendary bouts, attracting fans from around the world and contributing to Las Vegas's reputation as a premier destination for boxing.
In addition to boxing, MGM Resorts has expanded its sports portfolio to include mixed martial arts (MMA), basketball, and other sports. The company has hosted several UFC events, further cementing its status as a central hub for combat sports. The T-Mobile Arena, a joint venture between MGM Resorts and Anschutz Entertainment Group (AEG), opened in 2016 and has become a key venue for sports and entertainment events in Las Vegas. It serves as the home arena for the NHL's Vegas Golden Knights, marking MGM Resorts' entry into professional team sports.
MGM Resorts' influence extends beyond hosting events; it has also been involved in sports betting, a rapidly growing industry in the United States. The company operates BetMGM, a sports betting and online gaming platform, which has become a significant player in the market. This venture reflects the company's strategic adaptation to the evolving landscape of sports entertainment and gambling, particularly following the 2018 Supreme Court decision to strike down the federal ban on sports betting.
The company's engagement with sports is not limited to the United States. MGM Resorts has pursued international opportunities, seeking to expand its brand and influence in global markets. This includes exploring potential developments in regions such as Japan, where the legalization of integrated resorts could present new opportunities for growth.
MGM Resorts' activities in the sports sector are part of a broader strategy to diversify its offerings and enhance its appeal to a wide range of customers. By integrating sports into its entertainment portfolio, the company aims to attract sports enthusiasts and create unique experiences that combine gaming, hospitality, and live events.
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