Full House Resorts is gearing up to start offering mobile betting in Indiana and Colorado alongside Wynn Resorts. The casino operator is hoping to increase their rapidly-growing share prices through the partnership. Today, the Las Vegas-based entity confirmed that the two mobile betting services were officially signed and sealed. Their deal is with WSI US LLC, a holding company for Wynn’s sports businesses.
In a recent filing, Full House Resorts noted to the Securities and Exchange Commission (SEC) that is will now use “all of its allowed” betting opportunities in Indiana. CEO Daniel Lee expressed their excitement for the deal in an official statement. However, Wynn Resorts has not yet commented on the partnership.
Full House Resorts Casinos
Full House currently runs five casinos in four states, with their Rising Star Casino Resort based in Indiana. Rising Star is located just two hours from Indianapolis in the town of Rising Sun. In addition, the gambling operator gained “sports betting exposure through” two properties in Nevada and one in Mississippi. Their new venture is expected to start doing well within a month of being open in the Hoosier state.
More so, Indiana is growing fast since it passed gambling laws. At least 10 sportsbooks opened in September and earned $8.6 million in revenues for the first full month. According to the Indiana Gaming Commission, their total handle was $35.2 million. This type of growth is a major motivation for any sportsbooks hoping to get into the new industry.
Wynn Resorts’ Role Unclear
Full House Resorts has still not revealed Wynn Resorts’ role in the Indiana partnership. However, executives revealed previously that increasing the firm’s presence in the Midwest is extremely important. Sports betting was officially legalized on Sept 1st, but Full House remains the only casino without a sportsbook. Plans for the sportsbook are also under wraps.
Since sports betting isn’t currently legal in Colorado, the role of Wynn Resorts is also hard to predict. Colorado is currently in the process of passing Proposition DD by vote in November. Voters in the Centennial state are reportedly undecided about Prop DD, with polls indicating no firm choice. Still, Prop DD is expected to “plug” a budget shortfall for the state.
Either way, we’ll be keeping tabs on this story, so keep visiting CasinoUS.com for updates!
