MGM Resorts Becomes Official Partner Of MLB Players

MGM Resorts International (NYSE:MGM) has signed a multi-year agreement to become an Official Partner of MLB Players Inc.
The agreement gives MGM the use of MLB Players' branding and group marketing rights.
The partnership also provides hospitality benefits, with MGM Resorts' properties serving as the host location for various MLB player-related events.
Under the terms of the agreement, MGM Resorts can use the MLB Players' group rights across a broad range of print and digital promotions, advertisements, and sweepstakes in the U.S., China, and Japan.
MLB Players will also have options to enter individual ambassador agreements to promote MGM Resorts.
Price Action: MGM shares are trading higher by 2.68% at $29.16 on the last check Tuesday.