Virginia is known as the state where debates over legalizing different forms of gambling take…
Golden Nugget On-line Gaming, Inc. (GNOG), the web playing division of Tilman Fertitta’s casino empire, this week grow to be the newest firm to obtain a digital wagering license in Virginia.
The operator obtained a brief allow from the Virginia Lottery that allows it to start offering on-line sports activities betting providers within the state.
Information in regards to the firm’s entry into the Virginia market arrive a few weeks after it secured entry to New York by means of a partnership with Tioga Downs, certainly one of a number of Upstate industrial playing institutions. GNOG’s New York enlargement is topic to legalization, regulatory approval, and license eligibility.
However whereas it has an extended strategy to go earlier than with the ability to go reside within the above state, with its lately obtained license, the corporate can now transfer ahead to making ready its launch in Virginia. It mentioned that will probably be working intently along with state regulators to finish all of the required platform testing and that it expects to begin taking bets from native bettors this summer season.
The license from the Virginia Lottery allows GNOG to offer cell wagering expertise. Of their most up-to-date necessary announcement, firm President Thomas Winter mentioned that along with their SWaM-certified native accomplice, Virginia Sports activities Know-how Group, they are going to be offering an awesome sportsbook product, whereas additionally sharing a portion of their income with the state’s Traditionally Black Faculties & Universities.
Golden Nugget’s Virginia Growth Effort
GNOG’s enlargement in Virginia’s betting market is according to Golden Nugget’s effort to enter that state’s casino market. Late final month, the corporate submitted its plan to construct a lodge and gaming resort in Richmond.
Golden Nugget Richmond Resort & casino will value $400 million and can take three years to construct. It is going to function a 93,000-square-foot casino with 1,900 slot machines, 92 desk video games, and eight poker tables, a lodge with 177 rooms and 37 suites, a 1,500-seat live performance venue, a number of meals and beverage retailers, a luxurious pool advanced with personal cabanas, and extra.
Golden Nugget is among the half-dozen bidders vying for the fitting to develop and function a casino resort in Richmond. Nevertheless, residents should first approve the chance for a property of this type to be delivered to town in a neighborhood referendum. The casino query will likely be on the November 2021 poll.
GNOG’s Virginia license marks the newest big milestone for the corporate because it went public by means of a merger with a particular function acquisition firm. The web playing operator tied the knot with Landcadia Holdings II, Inc. late final yr. The blank-check firm was shaped in 2019 by Mr. Fertitta himself and New York-based Jefferies Monetary Group.
Supply: “Golden Nugget On-line Gaming Wins On-line Sports activities Betting License in Virginia”, PR Newswire, March 16, 2021