PokerStars Parent Company Agrees To 20-Year Partnership With Eldorado Resorts

Eldorado Resorts announced on Monday that the Reno, Nevada-based company has entered into a 20-year partnership with PokerStars parent company The Stars Group to provide options for online sports betting, and other gaming operations.

The Stars Group will pay Eldorado a revenue share, as well as upfront equity interest of $25 million, with an additional $5 million in equity after exercising the first option. The deal gives The Stars Group access to Eldorado’s second skins for online sports betting, and third skin for online poker and casino games.

Eldorado Resorts currently operates 28 casinos in 12 states, including Nevada’s Circus Circus, the Tropicana in Atlantic City, and properties in Colorado, Florida, Indiana, Iowa, Louisiana, Mississippi, Missouri, Ohio, West Virginia, and Pennsylvania.

“We are excited to announce this agreement with Eldorado, one of the fastest growing regional gaming companies in the United States,” Stars Group CEO Rafi Ashkenazi said. “This agreement establishes the foundation for our U.S. strategy as we tactically pursue access to other key states and opportunities with potential media partners.”

Eldorado already has a deal with British sportsbook William Hill, but clarified in their press release that the company “has consented to the agreement with The Stars Group.”

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