The Golden Nugget (GNOG) has settled an agreement with Danville Development which will facilitate such access to the online sports betting sphere
The American online gaming giant Golden Nugget (GNOG) is set to penetrate the online sports betting and online gaming platform in Illinois.
Such a partnership will now see GNOG join forces with Wilmot Gaming Illinois in order to establish a new casino with the city of Danville. Such a project will be determined whether regulatory license is achieved, permitting the operator to claim exclusive rights in providing sports betting verticals which includes online casino wagering in the state once allowed by law.
The newly built casino will form part of the Golden Nugget brand and will include various attractions such as a Landry’s restaurant steakhouse. Danville Development is a joint venture between Wilmot Gaming and GN Danville, which is a wholly owned subsidiary of Golden Nugget.
This agreement will grant GNOG 20 year market access. GNOG will also contribute a $30m mezzanine loan to Danville Development to construct the casino. Furthermore, this business partnership will also see GNOG pay a certain percentage to the developer according to its online gaming revenue.
Owner of the Golden Nugget and GNOG CEO and owner Tilman Fertitta (pictured) outlined that such a project sees the first ever casino joint venture for the Golden Nugget brand.
He stated that they are extremely honored to be selected from a pool of numerous bidders to spearhead this project. This is seen as a great opportunity granted to them by the Wilmot family.
Thomas Winter, president of GNOG further added that “This is a tremendous opportunity for us to further increase our US footprint and deliver on our ambitious growth plans. We look forward to bringing our award-winning online offerings to the Prairie State.’
About SiGMA Europe Virtual Expo:
The future of events is here. SiGMA Europe is delighted to announce, for the very first time, an innovative new Virtual Expo taking place on 24th and 25th November, 2020, from the comfort of your own screen. Hot on the heels of the success of the SiGMA Asia and SiGMA Americas Digital Summits, we are elevating your online event experience even further in the form of a fully interactive, state-of-the-art virtual events space, including a brand-new cutting-edge expo floor. Check the full agenda here and register for free!