Borgata commits $11m to sportsbook project

Atlantic City's Borgata Hotel Casino & Spa is to invest $11m (£8.6m/€9.5m) in the development of a new sports betting lounge on the property.

The sportsbook will combine a bar with a range of sports wagering facilities, with Borgata aiming to open the location to customers this summer.

“Since Borgata arrived in the Atlantic City market more than 15 years ago, we have maintained a steadfast dedication to property growth and development, with our new concept exemplifying this objective,” Borgata president and chief operating officer Marcus Glover said.

“We are proud to have been at the forefront of legalised sports betting in New Jersey and look forward to advancing our product with an innovative gaming and entertainment experience for our guests to enjoy.”

MGM Resorts-owned Borgata made history last year when it became the first casino in Atlantic City to accept a legal sports bet following the passage of regulations in the state in June 2018.

In August, Borgata built on the launch by rolling out the playMGM NJ Sports mobile sports betting app, via a partnership with GVC Holdings. Borgata was only second to DraftKings in launching a mobile wagering product in the state.

The app features a range of US and selected international sports, with customers able to sign-up, deposit and withdraw cash via their mobile device from any location in New Jersey.