MGM Resorts signs partnership with NFLPA
MGM Resorts and the National Football League Players Association will create content and fan experiences with current and retired NFL players.
US.- MGM Resorts International has announced a multi-year agreement to become a hospitality and strategic partner of the National Football League Players Association (NFLPA). The firms will create content and fan experiences with current and retired NFL players.
The NFLPA and MGM Resorts will offer experiences for guests to engage with players during the football season at Mandalay Bay’s Fan District in Las Vegas. There will be activities around the 2023 NFL Pro Bowl and Super Bowl LVIII in Las Vegas as well as the 2024 NFL Draft in Detroit.
Lance Evans, senior vice president of sports & sponsorships of MGM Resorts, said: “Partnering with the NFLPA is another indication of our strong commitment to the great sport of football across the U.S. As football’s premier events come to Las Vegas, we look forward to welcoming players and creating world-class experiences for MGM Rewards members.”
Gina Scott, vice president of partner services of NFLPA, added: “NFL players, past and present, will be at the heart of unforgettable new experiences through MGM Resorts International’s rewards program. We are excited about collaborating on world-class fan events designed to produce incredible benefits for MGM Rewards members and value for our players.”
MGM Resorts International will construct grandstands for the Formula 1 Heineken Silver Las Vegas Grand Prix 2023, which will be held from November 16 to November 18. Visitors will be able to watch from grandstands on Bellagio Lake, next to the resort’s fountains.
VICI to acquire remaining 49.9% interest in MGM Grand and Mandalay Bay
Blackstone and VICI Properties have entered into a definitive agreement in which VICI will acquire Blackstone’s 49.9 per cent interest in the joint venture that owns MGM Grand Las Vegas and Mandalay Bay Resort. VICI already owns 50.1 per cent of the venture.
The transaction is valued at approximately $1.27bn cash. The property-level debt has a principal balance of $3bn, matures in 2032, and bears interest at a fixed rate of 3.558 per cent per annum through March 2030.