Boyd Gaming to be a major US gaming partner for FanDuel
Currently, there is no sports book at Valley Forge Resort Casino. They have yet to officially take advantage of the new legal landscape in Pennsylvania and apply for a shiny new $10 million sports betting license. Despite this, we know they soon will.
This is because FanDuel has recently finalized a deal between themselves and Valley Forge’s owner Boyd Gaming Corp (BGC) which will ensure FanDuel a strong presence in the legal sports betting market that has come to Pennsylvania (among a few other states) and will surely spread throughout the country.
The story began earlier this year when the Irish sports betting company Paddy Power Betfair (PPB) purchased a controlling interest in the popular daily fantasy sports (DFS) company FanDuel. It was a synergistic acquisition and it gave PPB the perfect vehicle with which to enter the US sports betting market.
Quickly after the acquisition, the new FanDuel partnered up with BGC in a deal which gives them access to sports betting markets anywhere in the US that Boyd operates. The deal even includes states where Boyd has teamed up with MGM Resorts to share licences and market access. The only US state exempt from the deal is Nevada, which already has a well-developed sports betting market thanks to the de facto monopoly it held prior to a pivotal SCOTUS ruling earlier this year.
In return for this market access, BGC gains a veteran sports book partner bringing much needed technological experience as well as a well-known brand with which to market sports betting in Pennsylvania and perhaps soon, throughout the entire US.
It’s a win-win deal
This partnership makes sense on many levels and gives both companies what they really need right now.
Said Keith Smith, BGC’s president and CEO, thanks to the partnership, his properties “will be positioned to build market-leading sports-betting and online gaming operations in each state.”
FanDuel president and CEO Matt King said similarly:
“With more than 40 years of experience, Boyd Gaming is a leader in the gaming and entertainment space, and a natural partner as we continue to build a leading position in the sports betting market. There is incredible momentum in the sports betting space and we look forward to partnering with Boyd Gaming to bring the FanDuel Sportsbook to more customers across the United States.”
FanDuel Sportsbook now in three US states with more sure to follow
FanDuel has already established it’s Sportsbook in two other states – New Jersey and West Virginia. In New Jersey, they partnered with Meadowlands Racetrack, opening a brick and mortar sports book in June. In West Virginia they have partnered with two other casinos and sports betting just launched there last week.
FanDuel’s intentions are clear and their methods sound. With these strong casino partnerships they are poised to gain solid market share in these three states and many more as other states move to capitalize on the new sports betting possibilities that now lie before them.
When will FanDuel Sportsbook go live at Valley Forge?
Valley Forge casino operators are going to have to move quickly to capitalize on this new opportunity. They haven’t officially filed for a license and it’s unlikely they will be ready to do so at the next available hearing before the Pennsylvania Gaming Control Board (PGCB) on September 12. They will probably aim to apply and be heard at the next scheduled meeting on October 2.
If that’s the plan, how soon can the sports book doors be opened? PGCB regulations state that sports betting license applications must be submitted 90 days prior to the start of operations. Despite this, if the application process goes smoothly and PGCB shortens the timeline with speedy approval, it’s possible that the FanDuel Sportsbook can go live at Valley Forge Resort Casino sometime in November or December of this year.
Pennsylvanian’s who just can’t wait to bet on sports might want to take a look at something the Pennsylvania Lottery rolled out. It’s a lottery game (actually 2 games) called Xpress Sports. It’s not real football (or car racing) but it has the look and feel of betting on these sports. It’s legal, it’s fun, you can win real money, and more importantly, it’s available now.
Also available now is the Pennsylvania Online Lottery. It’s also legal, fun, quick, and you can win real money. There are two very attractive bonuses available now, too. New players get $5 free to play when they sign up and players get a 50% bonus up to $50 when they make their initial deposits onto the site.