Empire Resorts and the world’s largest online sports betting company are forging a strategic alliance to offer sports betting and online gaming at Resorts World Catskills in Sullivan County.
Empire Resorts, which owns Resorts World Catskills, and bet365 entered into a 20-year agreement to offer online betting at Resorts World Catskills if and when permitted by applicable law. The agreement provides for the companies to share profits 50/50 after bet365 recoups its start-up and other costs. In addition, bet365 will invest up to $50 million to become Empire Resorts’ second largest shareholder. Resorts World Catskills is one of four Las Vegas-style casinos in New York currently authorized to offer retail sports betting pending the release of regulations.
