Resort Casino Atlantic City Shutters Online Sportsbook

Posted: February 14, 2022 01:48h.

Last updated: Feb 15, 2022 at 10:41.

The resort casino hotel in Atlantic City has shut down its online sportsbook.

Resort Casino Atlantic City Sports Betting
Guests arrive at the resort casino hotel in Atlantic City. The casino has announced that it will cease operating its online sportsbook and instead allow its iGaming partners to handle such internet betting activities. (Image: Getty)

Effective today, February 14th, Resorts will no longer be taking any action through the sportsbook. The platform’s interactive slots and table games, as well as live dealer offerings, will continue to operate. However, the website sportsbook was closed.

It’s no surprise that Resorts Casino is ditching its own online sportsbook. Gaming analysts expect some sort of consolidation to occur in 2022 as the domestic market begins to settle.

The resort-branded online casino said its sportsbook will remain accessible until March 1, 2022, allowing players to view open bets and account status. It will be billed when completed. The remaining balance will be refunded to the user via their preferred withdrawal method.

Since 2017, Resorts’ online casinos use third-party software provided by NYX Gaming, a subsidiary of Scientific Gaming.

Sports betting integration

30 states have legal sports betting. That number is expected to grow by a handful this year.

Any sports fan who’s watched the games on TV over the past few months knows that there are plenty of sportsbooks out there trying to grab market share. In addition to familiar names such as DraftKings, FanDuel, BetMGM and Caesars Sportsbook, emerging internet sports betting spaces are attracting newcomers with little brand recognition. Mobile sportsbook operators such as BetRivers, PointsBet and Tipico also spend a lot of money to attract bettors.

M&A activity will continue to be robust in the short term as well as the long term. “ Brendan Bassman, director of government affairs at Las Vegas-based Global Market Advisors, said: Bussman’s firm is a leading research consultancy in gaming, sports and hospitality.

Resort iGaming Reader

Resorts Casino generates more gross gaming revenue (GGR) online than in Atlantic City brick-and-mortar. The casino reported, via its Resorts Digital interactive unit, that his GGR for iGaming and mobile sports in 2021 will exceed his $450.7 million. The resort’s physical casino floor and sportsbook earned $168.6 million.

Last year, Resorts Digital ranked second among eight iGaming licensees operating in New Jersey. Resorts followed only MGM Resorts/Borgata, which earned about $500 million online.

In addition to its own iGaming website, Resorts’ New Jersey gaming license has been extended to third-party operators DraftKings, FOX Bet, and Barstool Sportsbook. These online sportsbooks are connected to Atlantic City via Resorts Casino.

Resorts has private revenue sharing agreements with online operators. While there is no need to share the online earnings from our own site, the earnings from our sportsbook are clearly too small to continue operating.

Guests of the Resorts Casino Hotel in Atlantic City may place sports wagers on site. One of Resorts’ online partners, DraftKings, runs the casino’s onsite sportsbook.

DraftKings Sportsbook at Resorts is a 5,000-square-foot facility featuring a 15-foot high HD video wall, 18 betting kiosks, and VIP seating areas with food and beverage service.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *