MGM Resorts Expands Interactive Gaming with Live Game Show Launch

MGM Resorts has expanded its interactive gaming with the launch of a live game show version of Family Feud. The show is streamed live from a studio at MGM Grand in Las Vegas and is available to operators in regulated markets outside the US. This is the second phase of MGM's strategic partnership with Playtech. MGM's financial health is a concern, with a high debt-to-equity ratio and moderate profitability margins. The company's revenue growth is driven by its Las Vegas and Macau operations, but its valuation is premium, with a P/E ratio of 21.98.

MGM Resorts International (NYSE: MGM) has taken a significant step in its strategic partnership with Playtech by launching a live game show version of Family Feud. The interactive game show, streamed live from a studio at MGM Grand in Las Vegas, is now available to operators in regulated markets outside the United States. This marks the second phase of the partnership, following the successful launch of "Live from Vegas" in June 2024, which introduced multiple live dealer table games from both MGM Grand and Bellagio Resort & Casino [1].

The new offering, Family Feud, features a live dealer environment powered by actual survey questions from the official Family Feud franchise. The game show, hosted by Steve Harvey, is a first-of-its-kind interactive experience broadcast live from a fully transparent glass studio visible to the public 24/7. This initiative underscores MGM's commitment to bringing iconic Las Vegas experiences to a global audience [1].

Gary Fritz, President of MGM Resorts International Interactive, highlighted the significance of this expansion, stating, "MGM Resorts, with Playtech and Fremantle, is at the forefront of digital gaming, bringing the iconic Las Vegas experience to people around the globe" [1]. The partnership aims to deliver new and distinctive live gaming experiences, supporting growth in regulated markets and promoting a safe and responsible gambling experience [1].

MGM Resorts' financial health remains a concern, with a high debt-to-equity ratio and moderate profitability margins. The company's revenue growth is primarily driven by its Las Vegas and Macau operations, with a premium valuation reflected in its P/E ratio of 21.98 [2]. Despite these challenges, the expansion into live game shows signals the company's commitment to innovation and growth in the gaming and entertainment sector.

References:
[1] https://www.marketscreener.com/news/mgm-resorts-international-and-technology-partner-playtech-expand-live-from-vegas-offering-with-launch-of-family-feud-302540657.html
[2] https://finance.yahoo.com/quote/MGM/