Puerto Rico: ... Enter online sports betting
Puerto Rico has opened up to the online betting market. As a commonwealth, regulation on the Caribbean island follows the parameters of US legislation on online gambling, so operators have to close agreements with land-based casinos. This has been the strategy of Entain that together with MGM has joined the Casino del Mar to launch the first digital platform of regulated bets in the country.
The Casino del Mar has been the establishment chosen by BetMGM (Entain and MGM Resorts International) to launch the first online platform for regulated betting in Puerto Rico. ©grapesky/Pixabay
The Gaming Commission of the Government of Puerto Rico had been evaluating the regulation of online gambling on the island thus following the opening of the market in the United States. More and more states have regulated betting, gambling, poker and fantasy sports online. Y the igaming market in the United States is booming if we look at the latest figures published by the AGA, the American Gaming Association.
According to the American betting association, the online segment of the game would have generated gross revenues worth $3.71 billion , up 139% from the previous year. In general, the President and CEO of the AGA Bill Miller he considered the figures “nothing less than remarkable” , although they are still quite far from what generates online gambling in Europe .
Entain available at the Casino del Mar
The Casino del Mar La Concha Resort is located in the capital of the island San Juan. As a tourist location, the possibility of online betting is now added to the amenities offered by the casino, undoubtedly one more incentive for the customers of the establishment. The partnership with BetMGM, the joint venture of MGM Resorts and Entain, is of great strategic importance for local casino administrators.
“This is a great day for BetMGM, as it marks the launch of our first operation outside the United States. Casino del Mar offers exceptional customer experiences and is an ideal partner to expand our brand in Puerto Rico. – Adam Greenblatt , BetMGM CEO, at press release
Entain is one of the most coveted operators by the igaming industry in the United States . The British brand has already rejected several takeover proposals and maintains its independence. Unlike William Hill, it has not neglected its business in Europe and continues to offer high quality products either online or in the betting shops he runs .
With the opening of the online betting market in the United States, the importance of Puerto Rico will be increasing due to its undoubted tourist attraction. Entain has not been the only operator to set its eyes on the Caribbean island . The Mashantucket Pequot nation announced for January of this same year the reconversion of the Fairmont El San Juan Hotel in Isla Verde Beach as a luxurious casino. It remains to be seen which operator will be in charge of online betting at the resort.
