Why MGM Resorts Stock Jumped 7.6% Today

Shares of MGM Resorts International (NYSE: MGM) jumped as much as 7.6% in trading today after the company announced another partnership through its BetMGM app. Shares settled slightly throughout the day and were up 4.4% at 3:35 p.m. EDT. 

MGM announced a partnership with the Buffalo Wild Wings restaurant chain that will expand its visibility at a popular game-watching location. Fans betting on the BetMGM app from within Buffalo Wild Wings restaurants will be offered special promotions and custom bet types in Colorado, New Jersey, Indiana, Iowa, Tennessee, and West Virginia. The companies hope to expand the partnership to more locations.

Image source: Getty Images.

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Source Fool.com