Tropicana in Atlantic City<\/a>.<\/p>\n<\/div>\nShould William Hill decide operating an online sportsbook or casino at one of Eldorado’s regional properties isn’t worth the investment or time, TSG will have the option.<\/p>\n
“We are excited to work with The Stars Group to capitalize on their proven ability to leverage their products to gain share in the growing market for online gaming,” Eldorado CEO Gary Carano said in a release.<\/p>\n
Eldorado isn’t The Stars Group’s first US partnership. TSG is already the online casino and mobile sports betting provider for Resorts Casino Hotel in Atlantic City, and the Mount Air Casino in Pennsylvania.<\/p>\n
Eldorado Continues Expansion<\/b><\/h2>\n
Eldorado is one of the leading domestic regional casino operators. And it’s trying to maintain pace with rival Penn National Gaming, as the two companies continue their offensive throughout the country.<\/p>\n
In wake of the US Supreme Court’s decision in May to repeal the longstanding federal sports betting prohibition, gaming industry analysts predicted that regional operators stood to benefit the most.<\/p>\n
Morgan Stanley said in a note that companies like Eldorado and Penn, which focus on regional casinos, or those not in Las Vegas or Atlantic City, will see new revenue in states that wish to participate.<\/strong><\/span><\/p>\nTo expand its regional holdings in 2018, Eldorado acquired the operational rights to Tropicana Entertainment and its seven casinos for $640 million. It also bought the Grand Victoria Casino in Illinois for $328 million.<\/p>\n
Not to be outdone, Penn reached a deal to acquire Pinnace Entertainment for $2.8 billion in cash and stock.<\/p>\n","protected":false},"excerpt":{"rendered":"
Reno-based Eldorado Resorts and Canada’s The Stars Group (TSG) have entered into a 20-year partnership for the latter to provide the casino company with online sports betting and internet gambling. The Stars Group, most known for its ownership of PokerStars, the largest online poker room in the world, will give Eldorado a $25 million interest […]<\/p>\n","protected":false},"author":25,"featured_media":93387,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,18,20,1074],"tags":[],"acf":[],"yoast_head":"\n
Eldorado Resorts Reaches Stars Group Deal for Online Sports Betting<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n