Boyd buys NJ Resorts Digital properties
In the deal for Resorts Digital, Boyd snatched up ResortsCasino.com and MoheganSunCasino.com, along with an unused sports betting skin.
Resorts is keeping its deals in place with the bigger fish among its New Jersey online gaming brands – DraftKings, Penn Gaming, PokerStars and ESPN Bet. The two sites Boyd purchased are relative blips on the balance sheet for Resorts.
Deal was signed earlier this month
New Jersey regulators recently began breaking down individual performance by domain. It previously lumped together all the skins that make up a brick-and-mortar operator’s digital portfolio. Year-to-date, MoheganSunCasino.com has a little over $8.4 million in revenue and ResortsCasino.com has revenue of $15.9 million in the state. For comparison’s sake, DraftKings has brought in $330.1 million and ESPN Bet $25.6 million.
And that’s just in online casino – those figures don’t include sports betting.
For the month of August alone, Mohegan Sun was at $1.1 million in revenue and Resorts at $2.1 million. Comparatively, DraftKings was at $43.2 million and ESPN Bet $3.2 million.
According to the AP report, Mark Giannantonio, president of Resorts, said the deal for Boyd to buy Resorts Digital was signed on 1 September.
“We are confident that this transaction will propel Resorts Digital’s proven success over the past decade to a new level through the scale of Boyd Interactive and its market-leading platform,” Giannantonio said in a statement received by the AP.
Read the full story here.
Casino Reports is an independently-owned publication dedicated to covering the regulated US online
casino/igaming industry, with news, features and original reporting on industry happenings, business, legislation, regulations and more.