Deal gives fans access to apps, promotions
The NFL may be taking a tough stance on sports betting, but that is not stopping MGM Resorts International from penning deals with football teams.
The Las Vegas-based casino operator signed a multiyear partnership with the New York Jets to promote its properties and mobile app to fans. The deal, announced Wednesday, is MGM Resort’s first with an NFL franchise.
MGM called the agreement “the most comprehensive and integrated gaming partnership” in the league. Financial terms were not disclosed.
MGM Resorts has already signed league partnerships with the NBA and NHL on wagering. Now it has also reached a deal with the NFL, which has been the most vocal in demanding sports betting operators pay fees to leagues.
The NFL stance is unlikely to stop other football teams from signing deals with gaming companies that are potentially worth
JETS
Caesars, Peppermill Resorts and Wynn Resorts Ltd. have agreed to pay more than $150 million to buy their energy elsewhere, including from solar facilities and independent power producers.
A 2016 letter from MGM Executive Vice President John Mcmanus to the PUC said the company left to pursue renewable energy sources and reduce environmental impact.
Money is another factor.
“Wynn is paying less for its electricity consumption compared to if we had stayed a bundled retail customer of NV Energy,” Erik Hansen, the chief sustainability officer for Wynn Resorts, said via email in
August.
Today, more than 75 percent of Wynn’s peak energy requirements are served by solar energy from the Wynn Solar Facility at Stillwater and the solar installations on its Wynn Las Vegas property, according to Hansen.
“We have more freedom and flexibility to deliver on our long-term resource plan,” Hansen wrote.
Question 3
The PUC’S approval to continue the exit process comes just under one week before Election Day, during which voters will decide on Question 3 — a ballot measure that would restructure Nevada’s energy market and allow providers other than NV Energy to sell electricity.
The ballot measure has proven the
most expensive campaign in Nevada history, with nearly $100 million collected between supporting and opposing sides. The Coalition to Defeat Question 3 PAC has brought in $63.1 million this year, with all but $12,000 coming from NV Energy. Switch donated $10.9 million to the Yes on 3 campaign this year, and Las Vegas Sands Corp. has donated $22 million since the start of this year. The company had considered leaving NV Energy but decided against paying the $23.9 million exit fee.
The Review-journal is owned by the family of Las Vegas Sands Corp. Chairman and CEO Sheldon Adelson.
Contact Bailey Schulz at bschulz@ reviewjournal.com or 702-383-0233. Follow @bailey_schulz on Twitter.