Boyd Gaming Acquires Resorts’ New Jersey Online Gaming Operations

Boyd Gaming has bought the web gaming operations of Atlantic Metropolis’s Resorts On line casino for an undisclosed worth. The deal was introduced final week after being finalized on Sept. 1.

The net unit had outperformed the on line casino by as a lot as 5 instances over the previous couple of years, in accordance with reviews, and will have been a lovely entity for Boyd to develop considerably within the New Jersey on-line gaming market.

“We’re assured that this transaction will propel Resorts Digital’s confirmed success over the previous decade to a brand new degree by way of the size of Boyd Interactive and its market-leading platform,” Resorts President Mark Giannantonio stated in an announcement.

Particulars On The Deal

The transfer doesn’t imply Resorts is strictly getting out of the web gaming enterprise. Boyd will purchase rights to ResortsCasino.com and MoheganSunCasino.com together with an extra sports activities betting pores and skin, all nonetheless below the Resorts licenses within the state. The businesses will proceed to cross-promote every model as effectively.

“This advertising and marketing relationship will profit each firms in the long run,” Giannantonio stated.

Resorts can even retain its partnerships within the on-line gaming house with DraftKings, Penn Gaming, PokerStars, and ESPN Wager. The deal permits for appreciable iGaming growth for Boyd.

“New Jersey has lengthy been one of many nation’s main iGaming states, and we look ahead to additional rising our presence in that state’s on-line gaming market in partnership with Resorts On line casino in Atlantic Metropolis,” Boyd stated.

The acquisition comes as on-line gaming continues to develop in key markets throughout the nation. For August, New Jersey’s on-line gaming trade produced income of $198.4 million, up 27.8% in comparison with $155.3 million in August 2023.

iGaming has grow to be a serious drive within the total U.S. gaming financial system as effectively. On-line gaming grossed $1.97 billion within the second quarter, a 25.2% improve from 2023.