Industry

Resorts Casino Strikes Deals To Provide Sports Betting In New Jersey

Casino operators are pushing hard to launch sports betting services in New Jersey. Resorts Casino announced earlier this week that it had entered into an agreement with Draftkings, the biggest daily fantasy sports operator in the US.

Resorts Casino has now confirmed that it has also entered into an agreement with The Stars Group for a mobile and online sports betting operation.

Resorts Casino Hotel president Mark Giannantonio is thrilled to have made these deals. The deal between The Stars Group and Resort Casino Hotel has been sent to state regulators. David Rebuck who heads the Division of Gaming Enforcement said that operations can’t begin until the deal is officially approved.

There are several companies currently waiting for approval as they would like to launch sports betting services before the 2018 NFL season kicks off in September. More approvals are expected to be granted soon.

In a statement, Matt Primeaux, senior vice at The Stars Group said

We believe The Stars Group is uniquely qualified with the experience and insight needed to make sports betting a success in New Jersey. We have successfully launched the BetStars brand in many European regulated markets, and we have invested heavily to create a premier global offering

The Stars Group is the parent company of PokerStars – the biggest online poker website in the world. The Canadian based company also has a strong presence in sports betting and has robust sports betting software that Resorts Casino will leverage.

SNJ Today

Sports Betting In New Jersey Heats Up

It was New Jersey’s challenge of the PASPA 1992 Act which banned sports betting that led to the federal ban being lifted by the Supreme Court in May. This has caused several states to seriously consider legalizing sports betting.

On June 14th, the Borgata casino and Monmouth Park became the first establishments in New Jersey to offer sports betting while Ocean Resort Casino began offering it on June 28th. In that two week span, Monmouth Park and Borgata combined to process an estimated $16.4 million in sports wagers. The state’s next sports betting figures will be released on August 14th
.
As it stands, Resorts Casino Hotel, Borgata, Ocean Resort, Bally’s and Harrah’s are the only five casinos that currently offer sports betting along with Monmouth Park and Meadowlands race tracks. There are a number of other operators who are waiting for their licenses to be approved.

Doug Ramirez

Doug is our American guru, he will be keeping us informed with latest tournament news and goings on in the USA

Share
Published by
Doug Ramirez

Recent Posts

LV Sands, Concerned About Online Competition Amid Plan to Build $6bn Casino

Summary: Las Vegas Sands chairman and CEO Rob Goldstein is concerned about the impact of…

1 month ago

Biloxi Casino Plans Advance as MGC Considers Two Venues

Summary: Tullis Gardens Hotel and the Tivoli development are in the works. The casinos would…

1 month ago

Rio Hotel & Casino Finishes Phase One of Massive Property Renovation Project

Summary: Rio Hotel & Casino has completed phase one of its multi-year property-wide renovation project.…

2 months ago

Industry Heavyweight Execs Talk Tech Future at TribalNet Conference & Tradeshow

Summary: Monday’s TribalNet Conference & Tradeshow brought together gaming industry executives who discussed the future…

2 months ago

Nevada Regulators Propose Solution for Armed Casino Security Shortage

Summary: The Nevada Gaming Control Board addressed the shortage of armed casino security following the…

2 months ago

Venetian Waiting for Final Approval for $550m Dividend Distribution

Summary: The Venetian in Las Vegas is getting ready for a massive dividend distribution. The…

4 months ago