Jumer’s Casino & Hotel Applies For Retail Sports Betting License
If approved, it will become the eighth Illinois casino to offer retail sports betting. Harrah’s Joliet and Harrah’s Metropolis are the only two casinos that haven’t applied for a sports betting license.
Jumer & rsquo, s, which is currently owned by Bally & nc Corporation, has not yet submitted an application for a mobile license. But eventually, it almost certainly does.
Delaware Northsold Jumer’s to Twin River Holdings in October for $120 million. Since then, Twin River changed its name to Bally’s Corporation.
The company is delivering on its original objective, which was to get into the Illinois sports betting market.
Bally & rsquo has a history of favoring sports betting.
George Papanier, president and CEO of Twin River, stated the following at the time of the Jumer & rsquo sale:
& ldquo, This acquisition broadens our geographic reach to yet another alluring market. It gives users access to a burgeoning gambling market in andnbsp, Illinois, where they can take advantage of potentially beneficial sports betting opportunities. We are excited about the chance to increase progressive revenues and cash flow by utilizing our administrative expertise and tried-and-true integration strategy. & rdquo,
In November, Bally’s also acquired sports betting platform supplier Bet.Works for $125 million.
It’s safe to say that Bally & rsquo is committed to entering the sports betting market.
Bally & rsquo will also take over 21 regional Fox Sports Network channels, though it won’t have as much of an impact in Illinois because NBC Sports Chicago is where local games are typically broadcast.
PointsBet and NBC Sports Chicago have a successful relationship.
Bally’s Chairman Soo Kimbelieves this is “the next step in our company’s evolution.”
& ldquo, by combining Bet, the recently acquired Bally & rsquo brand, and our growing national casino footprint. With the help of Works & rsquo’s proprietary technology stack, we quickly transitioned from being a local casino operator to becoming the first US gaming company dedicated to providing our customers with an all-encompassing experience. & rdquo,
There are currently five smart casinos in Illinois. They are:
BetMGM sportsbook, Unibet and Barstool are all aiming to join the Illinois party in the next few months.
Bally & rsquo, it appears, is the next in line after that trio. However, there is still much work to be done before a Bally & rsquo mobile launch is possible.
Jumer & rsquo, however, could be approved for a retail sportsbook sometime in 2021.
What are the results of Illinois financial casinos?
Online betting is the real revenue driver for sportsbooks, but there has also been solid consumer interest in the retail sports betting product.
Retail sportsbooks have taken in $67 million of bets since launch, and that’s not including November numbers.
The most well-liked financial betting is currently located at Rivers Casino, which is located outside of Chicago. It & rsquo recorded a handle of$ 42.8 million.
Argosy Casino Alton, which is located just outside of St. Louis, comes in second on the list. Argosy, which is only available offline until Unibet goes live electronically, has placed bet totaling$ 8.7 million.
In the short term, That & rsquo would be a more appropriate comparison to Jumer & requo, as it would probably open an actual sportsbook before going online.
Jumer & rsquo,s is added to Fairmount Park‘s list of potential Sports Wagering Owners License applicants. FanDuel Sportsbook and Horse Racing may take over if Fairmount is approved.
One of the Quad Cities on the Iowa border, Rock Island, Illinois, is where Jumer & rsquo,s is situated. There are about 380, 000 persons living in the Quad Cities as a whole.
The casino reopened on Saturday, as Gov. JB Pritzker continues to loosen Illinois’ COVID-19 restrictions.
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