Resorts Casino Sells Profitable Online Gaming Business
The big casino gambling story breaking on Monday was the announcement that Resorts Casino Hotel Atlantic City has sold its online gaming operation to Las Vegas-based Boyd Gaming.
According to casino.org, the sale took place on Sept. 1 and the terms of the agreement were not made public.
Resorts Sells Profitable Online Gambling Arm
Resorts Atlantic City revealed Monday that they sold their interactive gaming unit licensed in New Jersey to Boyd Interactive earlier this month.
Boyd acquired Resorts Digital Gaming and its online casino brands ResortsCasino.com and MoheganSunCasino.com, as well as one other unused sports betting website.
Resorts holds on to its iGaming and online sports betting partnerships with DraftKings, ESPN Bet, and PokerStars.
DraftKings also runs Resorts’ retail book in Atlantic City.
"We are confident that this transaction will propel Resorts Digital’s proven success over the past decade to a new level through the scale of Boyd Interactive and its market-leading platform,” Resorts President Mark Giannantonio said in a statement, saying he thinks the deal " will benefit both companies in the long term.”
Boyd also owns the New Jersey gaming site StardustCasino.com through a licensing agreement with MGM Resorts’ Borgata.
Boyd sold its partial ownership stake in Borgata to MGM in 2016 for $900 million.
Resorts Digital is a Money-Maker
Resorts Digital had a gross operating profit of over $9.6 million in the first half of 2024.
The brick-and-mortar Resorts casino and hotel generated a profit of just $355,000 so far this year, down 89% for the same period of 2023.
Casino.org reports that Boyd has pledged to cross-market with Resorts, as the online casino websites and apps will continue to advertise Resorts Casino Hotel
The casino will continue to include ResortsCasino.com signage in its physical building.
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