The Borgata already features a facility for betting on horse racing and casino officials revealed plans to rename it as The Race & Sports Book once sports betting becomes legal in New Jersey. The venue will also open a separate sports betting facility, the plans for which are being finalized by owners.
The Borgata is owned by Las Vegas gaming and hospitality giant MGM Resorts International. The hotel and casino resort has long been Atlantic City’s most profitable property. It generated gaming revenue of US$803.6 million in 2017. In comparison, Harrah’s, the second highest grossing casino in the city, reported revenue of US$363.7 million last year.
Commenting on the recently lifted federal ban on sports betting and his casino’s plans, Borgata President, Marcus Glover, said last week that the property is uniquely positioned as Atlantic City’s only one to be featuring a race book already. Glover added that Borgata’s owner, MGM, has years of experience in operating sports betting in Nevada, which will help them launch their sports book in New Jersey.
It was also understood that the Borgata has been readying itself for the decision of the US Supreme Court for quite some time and has been crafting its strategy for operating a sports betting business at the existing resort to make sure it would be launched in due time.
Source: GMB / Casino News Daily
