Market access

Casino del Mar at La Concha Resort Announces Puerto Rico Market Access Agreement with BetMGM

First market outside the Americas to offer sports betting and the BetMGM mobile betting app

San Juan, Puerto Rico, September 2, 2021 / PRNewswire / – Casino del Mar de La Concha Resort and BetMGM, a leading sports betting and iGaming company, today announced that they have entered into a strategic partnership. Subject to regulatory approvals, BetMGM will expand its retail and mobile sports betting offerings to Porto Rico, signifying the company’s first market access agreement outside the Americas.

BetMGM Logo (PRNewsfoto / BetMGM)

“Paulson & Co. is always on the lookout for innovations in service and entertainment for our properties and our customers, which is why we are very pleased with this agreement between the Casino del Mar at La Concha Resort and BetMGM. sport is part of everyday life in Porto Rico, with a huge following and a passionate fan base in almost every sport. As such, it is natural that we are the first market outside the continent United States in which our guests will be able to place bets with BetMGM. We look forward to a long and successful business with BetMGM, ”said Jean Paulson, President, Paulson & Co.

Sigfrido De Jesús, General Manager of Casino del Mar in La Concha, said: “At Casino del Mar in La Concha Resort we strive every day to provide the best gaming experience on the island and this new business alongside BetMGM is a prime example. Sports fans in Porto Rico will now add excitement to their hobby with the opportunity to win more than just a game from their favorite team. BetMGM is the perfect addition to our cutting edge gaming offerings with high tech slots and card tables, available 24/7 at our casino. “

As part of the deal and subject to regulatory approvals, BetMGM will offer both retail and mobile sports betting, with the opening of a retail bookmaker at San Juanseaside resort and the launch of the BetMGM mobile application everywhere Porto Rico. BetMGM and La Concha Resort plan to offer sports betting capabilities from the start of the regulated market in Porto Rico.

CEO of BetMGM Adam greenblatt said, “This marks an important milestone for BetMGM as we share plans to bring our sports betting platform outside of the Americas for the first time. La Concha Resort is an ideal partner, and together we look forward to bringing BetMGM’s retail and mobile sports betting experiences to sports fans across Porto Rico. “

Carlos Mercado Santiago, Executive Director of Puerto Rico Tourism Company, said, “The Puerto Rico Tourism Company looks forward to the entertainment opportunities this new relationship will create for residents and visitors as well as its positive impact on that of Puerto Rico economy. One of the things that make our island a premier destination that offers an unparalleled visitor experience is its ability to continuously diversify by incorporating new options and trends such as sports betting and online gaming. “

Orlando A. Rivera Carrión, Executive Director of the Puerto Rico Gaming Commission, said: “The government of Porto Rico welcomes this partnership for the economic development of our island. This new project will promote and encourage the growth of the gaming industry in Porto Rico, while implementing a public policy that promotes the development of new jobs and maximizes the revenues and resources of the government of Porto Rico. I have confidence in the success of this partnership and reiterate my total commitment to this initiative. “

As BetMGM continues to expand into new areas, responsible gaming education remains a key focus. BetMGM is proud to provide resources to help customers play responsibly. For more information on BetMGM, follow @BetMGM on Twitter.

About BetMGM
BetMGM is a leading sports betting and entertainment gaming company, a pioneer in the online gaming industry. Born from a partnership between MGM Resorts International (NYSE: MGM) and Entain Plc (LSE: ENT), BetMGM has exclusive access to all MGM land and online sports betting, major poker tournaments and gaming companies. in line. Using state-of-the-art technology from Entain under US license, BetMGM offers online sports betting and gaming through market leading brands including BetMGM, Borgata Casino, Party Casino and Party Poker. Founded in 2018, BetMGM is headquartered in New Jersey. For more information, visit https://www.betmgm.com/.

About La Concha Resort
La Concha Resort, a spectacular landmark in the modern Caribbean architecture, has 248 rooms facing the ocean and a tower of 235 suites. The gastronomic offer includes Solera, Bar Sereno & Grill, The Loft, Aroma, Lobby Lounge, Komakai Sushi Bar and Serafina San Juan. All facilities have free high speed internet access. The hotel has a modern beachfront gym, the newest casino in the Caribbean and Fifty-Eight Club for adults only. For reservations and additional information, you can call (787) 721-7500 or visit www.laconcharesort.com.

About Casino del Mar
The Casino del Mar offers a safe environment of pure entertainment 24 hours a day, 7 days a week. It has the most modern and constantly renewed product in all areas. Porto Rico. For more information, you can call (787) 977-3210 or visit https://casinodelmarpr.com/.

About Paulson & Co. Inc.
Paulson, founded in 1994, is an investment management firm based in new York. The company invests in public and private market securities in various sectors and industries.

Statements contained in this press release that are not historical facts are “forward-looking” statements and “safe-haven statements” within the meaning of the Private Securities Litigation Reform Act of 1995 which involve risks and / or uncertainties, including the ability to BetMGM to expand into new or existing jurisdictions. Management has based forward-looking statements on current expectations and assumptions and not on historical facts. Important factors that could cause actual results to differ materially from those shown in these forward-looking statements include the effects of economic and market conditions in the jurisdictions in which BetMGM operates, competition with other gaming platforms and of sports betting, the timing and costs of expanding into new jurisdictions as well as obtaining and maintaining any permits, licenses, financing, approvals and other contingencies required in connection with growth in new or existing jurisdictions. By providing forward-looking statements, BetMGM assumes no obligation or obligation to publicly update such statements as a result of new information, future events or otherwise, except as required by law. If BetMGM updates one or more forward-looking statements, no inference should be drawn that it will make any additional updates to such other forward-looking statements.

Cision

Cision

View original content to download multimedia: https://www.prnewswire.com/news-releases/casino-del-mar-at-la-concha-resort-announces-puerto-rico-market-access-agreement-with -betmgm -301368026.html

SOURCE BetMGM



Source link