{"id":6569,"date":"2024-08-19T11:04:54","date_gmt":"2024-08-19T10:04:54","guid":{"rendered":"https:\/\/sbceurasia.com\/en\/?p=6569"},"modified":"2024-08-19T11:04:59","modified_gmt":"2024-08-19T10:04:59","slug":"mgm-resorts-and-grupo-globo-nearing-brazilian-license-approval","status":"publish","type":"post","link":"https:\/\/sbceurasia.com\/en\/2024\/08\/19\/mgm-resorts-and-grupo-globo-nearing-brazilian-license-approval\/","title":{"rendered":"MGM Resorts and Grupo Globo Nearing Brazilian License Approval"},"content":{"rendered":"\n<p><strong>MGM Resorts<\/strong> <strong>International<\/strong> is set to launch in Brazil in partnership with Latin American media group <strong>Grupo Globo<\/strong>, creating the <strong>BetMGM<\/strong> sports betting and gaming brand in the country.<\/p>\n\n\n\n<p>If the <strong>Secretariat of Prizes and Betting (SPA)<\/strong> approves BetMGM\u2019s license, the joint venture would launch in Brazil in early 2025, combining MGM Resorts\u2019 gaming and entertainment expertise and <strong>LeoVegas<\/strong>\u2019 technology with Grupo Globo\u2019s consumer insights, which \u201creaches nearly 70 million people every day through its multiple channels.\u201d<\/p>\n\n\n\n<p>\u201cMGM Resorts is committed to becoming the world\u2019s premier gaming entertainment company, and this strategic alliance with Grupo Globo, and entry into the Brazilian market, is a landmark step forward and key milestone in our growth strategy,\u201d commented <strong>Bill Hornbuckle<\/strong>, CEO &amp; President of MGM Resorts.<\/p>\n\n\n\n<p>BetMGM Brazil, based in Sao Paulo, will hold exclusive rights to all MGM Resorts brands, leveraging the customer base of both MGM and Grupo Globo.<\/p>\n\n\n\n<p>The partnership will establish a management team consisting of skilled existing staff, along with new hires, to oversee daily operations and drive growth.<\/p>\n\n\n\n<p>Earlier this month, the SPA issued <strong>Resolution No. 1231<\/strong>, outlining regulations and guidelines for gambling operators related to responsible gaming, as well as for communications, advertising, public relations, and marketing activities.<\/p>\n\n\n\n<p>Hornbuckle added: \u201cBrazil is one of the most exciting and vibrant emerging gaming markets in the world, and no one has more exposure and expertise in this market than Grupo Globo.&nbsp;<\/p>\n\n\n\n<p>\u201cThis historic alliance allows us to quickly enter the market with the scale and expertise needed to establish an early foothold as a leading operator and provider of the very best experience to customers across Brazil.\u201d<\/p>\n\n\n\n<p>MGM Resorts\u2019 new venture into Brazil comes as the operator recently reported a \u201cpositive\u201d Q2 2024 while also expressing confidence in their BetMGM joint venture in the US with <strong>Entain<\/strong>.<\/p>\n\n\n\n<p>Don&#8217;t forget to subscribe to our <a href=\"https:\/\/t.me\/sbceurasia\">Telegram channel<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MGM Resorts International is set to launch in Brazil in partnership with Latin American media group Grupo Globo, creating the BetMGM sports betting and gaming brand in the country. If the Secretariat of Prizes and Betting (SPA) approves BetMGM\u2019s license, the joint venture would launch in Brazil in early 2025, combining MGM Resorts\u2019 gaming and [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":6570,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[4,1],"tags":[448,9448,324,9447,444,870,9449,9340],"class_list":["post-6569","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-betting","category-news","tag-betmgm","tag-bill-hornbuckle","tag-entain","tag-grupo-globo","tag-leovegas","tag-mgm-resorts","tag-secretariat-of-prizes-and-betting","tag-spa"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>MGM Resorts and Grupo Globo Nearing Brazilian License Approval - SBC EURASIA EN<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sbceurasia.com\/en\/2024\/08\/19\/mgm-resorts-and-grupo-globo-nearing-brazilian-license-approval\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MGM Resorts and Grupo Globo Nearing Brazilian License Approval - SBC EURASIA EN\" \/>\n<meta property=\"og:description\" content=\"MGM Resorts International is set to launch in Brazil in partnership with Latin American media group Grupo Globo, creating the BetMGM sports betting and gaming brand in the country. If the Secretariat of Prizes and Betting (SPA) approves BetMGM\u2019s license, the joint venture would launch in Brazil in early 2025, combining MGM Resorts\u2019 gaming and [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/sbceurasia.com\/en\/2024\/08\/19\/mgm-resorts-and-grupo-globo-nearing-brazilian-license-approval\/\" \/>\n<meta property=\"og:site_name\" content=\"SBC EURASIA EN\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-19T10:04:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-19T10:04:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/resourcesen.sbceurasia.com\/sbccisen\/sites\/2\/2024\/08\/MGM-Resorts.png\" \/>\n\t<meta property=\"og:image:width\" content=\"744\" \/>\n\t<meta property=\"og:image:height\" content=\"420\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"nika rostiashvili\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"nika rostiashvili\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/sbceurasia.com\/en\/2024\/08\/19\/mgm-resorts-and-grupo-globo-nearing-brazilian-license-approval\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/sbceurasia.com\/en\/2024\/08\/19\/mgm-resorts-and-grupo-globo-nearing-brazilian-license-approval\/\"},\"author\":{\"name\":\"nika rostiashvili\",\"@id\":\"https:\/\/sbceurasia.com\/en\/#\/schema\/person\/fe6263b3d6331caebf299a540ebfbdb0\"},\"headline\":\"MGM Resorts and Grupo Globo Nearing Brazilian License Approval\",\"datePublished\":\"2024-08-19T10:04:54+00:00\",\"dateModified\":\"2024-08-19T10:04:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/sbceurasia.com\/en\/2024\/08\/19\/mgm-resorts-and-grupo-globo-nearing-brazilian-license-approval\/\"},\"wordCount\":317,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/sbceurasia.com\/en\/2024\/08\/19\/mgm-resorts-and-grupo-globo-nearing-brazilian-license-approval\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/resourcesen.sbceurasia.com\/sbccisen\/sites\/2\/2024\/08\/MGM-Resorts.png\",\"keywords\":[\"BetMGM\",\"Bill Hornbuckle\",\"Entain\",\"Grupo Globo\",\"LeoVegas\",\"MGM Resorts\",\"Secretariat of Prizes and Betting\",\"SPA\"],\"articleSection\":[\"Betting\",\"News\"],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/sbceurasia.com\/en\/2024\/08\/19\/mgm-resorts-and-grupo-globo-nearing-brazilian-license-approval\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/sbceurasia.com\/en\/2024\/08\/19\/mgm-resorts-and-grupo-globo-nearing-brazilian-license-approval\/\",\"url\":\"https:\/\/sbceurasia.com\/en\/2024\/08\/19\/mgm-resorts-and-grupo-globo-nearing-brazilian-license-approval\/\",\"name\":\"MGM Resorts and Grupo Globo Nearing Brazilian License Approval - 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