Sports betting company BetMGM is expanding to the island of Puerto Rico.
The company has agreed to a strategic partnership with the Casino Del Mar at La Concha Resort in San Juan’s Condado neighborhood.
That will include the launch of both retail and mobile sports betting, including a retail sports book at the beach resort and a mobile app launch throughout Puerto Rico.
The two sides said they expected to offer sports betting capabilities “as soon as the regulated market commences in Puerto Rico.”
“This marks a major milestone for BetMGM, as we share plans to bring our sports betting platform outside of the U.S. mainland for the first time,” said Adam Greenblatt, CEO of BetMGM. “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 Puerto Rico.”
It’s a major gaming addition for Puerto Rico, which has been home to casino gambling for decades but has never fully capitalized on it with any major casino resorts or brands.
That changed with this year’s announcement of Foxwoods’ entry to the market at the El San Juan resort, and now with the BetMGM deal there’s a new trend on the island.
“The Government of Puerto Rico welcomes this partnership for the economic development of our island,” said Orlando A. Rivera Carrión, Executive Director of the Puerto Rico Gaming Commission.
— CJ