Zona de Azar USA – BetMGM Entering Puerto Rico

USA.- September 06, 2021 www.zonadeazar.com  BetMGM and Casino del Mar at La Concha Resort in San Juan, Puerto Rico have announced the gaming company is bringing mobile sports wagering to the territory, marking the first access agreement outside the 50 states
The Caribbean island is an unincorporated territory of the US. Puerto Rico passed sports betting, daily fantasy sports (DFS), and esports legislation in 2019. That paved the way for the Puerto Rico Gaming Commission (PRGC) to set regulations and standards and issue permits to operators.

BetMGM, a 50/50 joint venture between MGM Resorts International and Entain, is, by the operators’ estimates, the second-largest US online sportsbook operator.

Regarding Puerto Rico, the market is potentially compelling for operators like BetMGM. It’s home to 3.28 million residents, making it larger than several states where sports betting is legal, including Iowa, Arkansas, New Hampshire, and Rhode Island, just to name a few. Additionally, the island is home to about two dozen casinos, all of which operate out of resorts.

Prior to the coronavirus pandemic, Puerto Rico was a major cruise destination with the Port of San Juan annually welcoming 1.4 million visitors from cruise ships.

La Concha Resort is owned by John Paulson’s Paulson & Co., a hedge fund that was previously a major investor in MGM Resorts International (NYSE:MGM).

Edited by: @_fonta  www.zonadeazar.com