Additionally, Marriott International and BetMGM sign loyalty marketing agreement to make Marriott Bonvoy the exclusive hospitality loyalty program partner of BetMGM
Bethesda, Maryland and Las Vegas, Nevada, July 17, 2023 – Marriott International, Inc. (Nasdaq: MAR) and MGM Resorts International (NYSE: MGM) announced today an exclusive long-term strategic licensing agreement and the creation of MGM Collection with Marriott Bonvoy, which will launch in October 2023, and encompass 17 of MGM’s unrivaled resorts, representing more than 40,000 rooms in Las Vegas and other cities across the U.S.
Beginning in October, several MGM Collection with Marriott Bonvoy resorts will be available for booking on Marriott’s robust digital platforms, including Marriott.com and the Marriott Bonvoy mobile app, with all properties expected to be available by the end of the year. These resorts will continue to be available on MGM Resorts’ channels, including MGMRewards.com and the MGM Resorts mobile app.
Bill Hornbuckle - President and Chief Executive Officer, MGM Resorts
Anthony Capuano - President and Chief Executive Officer, Marriott International
The agreement between MGM Resorts and Marriott will also benefit members of both companies’ loyalty programs. Members of MGM Rewards, MGM Resorts’ acclaimed loyalty platform with more than 40 million members globally, will be eligible to link accounts with Marriott Bonvoy and receive select member benefits. Members of Marriott Bonvoy, Marriott’s award-winning loyalty platform with over 180 million members globally, will be able to earn and redeem points for stays at all MGM Collection with Marriott Bonvoy properties.
Familiar Brands on a New Stage
Of the 17 MGM resorts that will join MGM Collection with Marriott Bonvoy, four properties will also be affiliated with existing Marriott collection brands: Bellagio Resort & Casino will join The Luxury Collection, ARIA Resort & Casino will join Autograph Collection, Park MGM will become part of Tribute Portfolio, and The Cosmopolitan of Las Vegas will continue its affiliation with Autograph Collection.
Eight MGM resorts in Las Vegas will join MGM Collection with Marriott Bonvoy: Vdara Hotel & Spa, MGM Grand Hotel & Casino, NoMad Las Vegas, The Signature at MGM Grand, Mandalay Bay Resort and Casino, New York-New York Hotel & Casino, Luxor Hotel and Casino, and Excalibur Hotel & Casino.
Five MGM Resorts in other U.S. locations will also join MGM Collection with Marriott Bonvoy: Borgata (Atlantic City, New Jersey), Beau Rivage (Biloxi, Mississippi), MGM Grand Detroit (Michigan), MGM National Harbor (Maryland), and MGM Springfield (Massachusetts).
Marriott and MGM Give Loyalty Members Access to a New and Inspiring Level of Experiences
Travelers visit Las Vegas for everything from food and wine to sports, music, gaming, and more. Marriott Bonvoy and MGM Rewards will unlock significant benefits and experiences for members of both programs. Marriott Bonvoy members will enjoy benefits at MGM Collection with Marriott Bonvoy resorts and MGM Rewards members will receive certain benefits at Marriott Bonvoy’s global portfolio of more than 8,500 properties, while members of both programs will also be able to exchange MGM Rewards points for Marriott Bonvoy points and vice versa. Marriott Bonvoy Moments, the program providing members access to unparalleled experiences that fuel personal passions, will be enhanced by MGM’s unmatched culinary, entertainment and sports offerings. More information about linking loyalty accounts, new experiences and other loyalty program benefits will be provided to members of both programs in the coming months.
BetMGM and Marriott Bonvoy Further Enhance Member Benefits
Marriott International has also entered into a loyalty marketing agreement with BetMGM, MGM Resorts International’s online gaming and sports betting joint venture, for Marriott Bonvoy to become BetMGM’s exclusive hospitality loyalty program partner in the U.S. and Canada. Under this agreement, Marriott and BetMGM will collaborate to provide Marriott Bonvoy members opportunities to earn Marriott Bonvoy points on certain BetMGM transactions, and participate in exclusive games, experiences, and offers on the BetMGM platform. In addition, BetMGM Rewards members will have the opportunity to exchange BetMGM Rewards points into Marriott Bonvoy points. More information about the collaboration will be available this fall.
Adam Greenblatt - BetMGM, Chief Executive Officer
For more information, please visit https://www.marriott.com/marriott-brands/mgm-collection.mi or https://www.mgmresorts.com/marriott.
Editor’s Note: Mr. Capuano and Mr. Hornbuckle will host a virtual press conference at 9:30 am PT (12:30 pm ET) today, Monday, July 17, 2023. To register to attend the webcast, please click this link: https://webinars.on24.com/messagebank/MarriottMGMResorts
To participate by phone please use the following information:
|US Toll-Free Number:||+1-800-274-8461|
To access the MGM Collection with Marriott Bonvoy asset library please click this link.
Note on forward-looking statements
All statements in this press release are made as of July 17, 2023. Neither Marriott International nor MGM Resorts International (“we” and “our”) undertakes any obligation to publicly update or revise these statements, whether as a result of new information, future events or otherwise. This press release and the virtual press conference held today contain “forward-looking statements” within the meaning of federal securities laws, including statements related to expected arrangements between Marriott International and MGM Resorts International and Marriott International and BetMGM; the expected addition of rooms and units to Marriott’s system; the expected timing of MGM Collection by Marriott Bonvoy resorts being available for booking on Marriott’s platforms; expected arrangements related to distribution channels and loyalty program offerings and benefits; the expected optimization of MGM Resorts International’s profitability; the expected appeal of certain markets and destinations; travel and lodging demand trends and expectations; and similar statements concerning anticipated future events and expectations that are not historical facts. We caution you that these statements are not guarantees of future performance and are subject to numerous evolving risks and uncertainties that we may not be able to accurately predict or assess, including the risk factors that we identify in our Securities and Exchange Commission filings, including our most recent Annual Reports on Form 10-K or Quarterly Reports on Form 10-Q. Any of these factors could cause actual results to differ materially from the expectations we express or imply in this press release or the virtual press conference held today.