Cisco's 5.5-Year Pact With MGM Resorts Brings Next-Gen Tech To The Casino Floor And Beyond

Cisco Systems, Inc. CSCO inked a 5.5-year Whole Portfolio Agreement (WPA) with MGM Resorts International MGM, granting MGM access to Cisco’s software portfolio.

The portfolio includes cybersecurity, software-defined networking, WAN, digital experience assurance, and data center services.

This collaboration aims to enhance the guest and employee experience across all MGM Resorts properties.

The agreement will automate MGM Resorts’ network, enabling future location services and next-gen machine learning applications in gaming and hospitality, enhancing guest engagement.

Cisco’s technology will also ensure uptime and security, critical for delivering exceptional guest experiences in MGM’s 24/7 operations.

Branden Newman, Chief Technology Officer, MGM Resorts International, said, “The new agreement with Cisco will give our employees the technology, speed and agility they need as we continue to deliver amazing guest experiences at all MGM Resorts’ destinations.”

Marco Mohajer, President, Technologent added, “Equipped with data from across the business, we can predict and proactively address MGM Resorts’ technology and communication needs to deliver an exceptional customer experience.”

Last week, Cisco reported revenue of $13.84 billion for the quarter, beating analyst estimates of $13.77 billion. Adjusted earnings per share came in at 91 cents, exceeding the expected 87 cents per share, according to Benzinga Pro.

This marks the tenth consecutive quarter that Cisco has topped estimates for revenue and earnings.

Investors can gain exposure to the stock via iShares U.S. Telecommunications ETF IYZ and First Trust NASDAQ Cybersecurity ETF CIBR.

Price Action: CSCO shares are up 0.59% at $57.80 at the last check Monday.

Image via Shutterstock

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