Caesars, Draftkings Ink Multi-State Sports Betting Deal

Written by:
Associated Press
Published on:
Feb/25/2019

LAS VEGAS (AP) — Caesars Entertainment and DraftKings have reached a deal to grant DraftKings access to Caesars’ markets in several states.


START YOUR OWN SPORTSBOOK - PAY A SMALL FEE PER CUSTOMER PER WEEK

The deal lets DraftKings offer its online gambling products in “certain states” in which Caesars operates, but the companies did not specify which ones.

DraftKings will promote Caesars Entertainment as its official casino-resort partner in the states where the companies collaborate, and Caesars Entertainment will receive equity in DraftKings.

Caesars can also continue to offer their own branded sports betting and online casino apps in each of these jurisdictions.

Mark Frissora, president and CEO of Caesars Entertainment, said in a statement that the deal should create new revenue with sports-themed guest experiences at the casino giant’s resorts across the country.

Gambling News

The Three Main Bets in Baccarat and How They Work

The history of baccarat is quite old, maybe dating back to Italy. The name is derived from the Italian word "baccara," which means zero, a reference to the fact that 10s and face cards count as zero in the game.

Syndicate

Subscribe to Syndicate
More