Within a matter of days, New Jersey’s first casino announces its second major online sports betting deal.
Just yesterday, August 2nd, The Stars Group formed a partnership with Resorts Casino Hotel and launched a mobile and online sports betting application.
Significantly it was just a day prior to that when Resorts and DraftKings formed a similar partnership and became the very first gambling companies which received approval for mobile and online sports betting in the state of New Jersey.
As seen in the European markets, mobile and online sports betting are seen as the most lucrative and rapidly growing markets.
Speaking on the announcement, Matt Primeaux, a senior vice president at Toronto-based, The Stars Group went on to say, “We feel confident in saying that The Stars Group is incredibly qualified with the required experience and insight needed to make sports betting a major success in New Jersey.”
Primeaux further added, “We have invested a hefty sum for creating a premier global offering also we have successfully launched the BetStars brand in various European regulated markets.”
Mark Giannantonio, the president of Resorts, was extremely thrilled to reveal the other major online sports betting announcement in less than 24 hours as he went on to state,”We are extremely delighted to double down on our pre-existing successful partnership with The Stars Group, a company that owns leading sportsbooks all over the world, and also has always been popular and respected for their superior customer experience, cutting-edge security safeguards and, advanced technology.”
Recalling his earlier deal with DraftKings, Giannantonio went on to add, “For every New Jersey Sports fan this is quite an exciting day.”
David Rebuck, director of the Division of Gaming Enforcement revealed that The Stars Group-Resorts deal has already been submitted to state regulators, however, it is awaiting approval for beginning its operations.
In a bid to receive approval from state regulators to offer in-person and mobile sports betting before the football season begins( on the first week of September) various gambling companies have already made filed an application. The state regulators have revealed that they are expecting additional approvals very soon.
As of yet, five casinos namely Borgata, Ocean resort, Bally’s, Resorts, and Harrah’s have received approval for officially offering sports betting, along with the Meadowlands racetracks and Monmouth Park.
Earlier in May, New Jersey won a U.S. Supreme Court case which cleared the way for all 50 states to legalize sports betting if they decide to do so.
New Jersey regulators will reveal the next set of sports betting revenue numbers on the 14th of August.