BetMGM to enter Puerto Rico with Casino del Mar deal

BetMGM, the joint venture between MGM Resorts International and Entain, is set to expand into its first market outside of the US mainland.

This comes as the operator is also making preparations to enter the Canadian sports betting market.

BetMGM and Casino del Mar

BetMGM will enter the Puerto Rican sports betting market via a strategic partnership with Casino del Mar at La Concha Resort in San Juan.

According to the announcement, this mark’s the operator’s first market access agreement outside of the US mainland.

Under the agreement, which is subject to regulatory approvals, BetMGM will offer both retail and mobile sports betting, with the opening of a retail sportsbook at the San Juan-based beach resort and the launch of the BetMGM mobile app throughout Puerto Rico.

The launch is set to take palace once Puerto Rico opens its regulated sports betting market.

BetMGM CEO Adam Greenblatt said: “This marks a major milestone for BetMGM, as we share plans to bring our sports betting platform outside of the US mainland for the first time. La Concha Resort is an ideal partner, and together we look forward to bringing BetMGM’s retail and mobile sports betting experiences to sports fans across Puerto Rico.”

Sigfrido De Jesús, General Manager, Casino del Mar at La Concha, said: “At Casino del Mar at La Concha Resort we strive every day to provide the best gaming experience on the island and this new venture alongside BetMGM is a great example of this. Sports fans in Puerto Rico will now add excitement to their pastime with the possibility of winning more than just a game by their favorite team. BetMGM is the perfect addition to our cutting-edge gaming offerings with high-tech slot machines and card tables, available 24/7 at our casino.”

Executive Director, Puerto Rico Gaming Commission, Orlando A. Rivera Carrión, said: “The Government of Puerto Rico welcomes this partnership for the economic development of our island. This new project will promote and encourage the growth of the gaming industry in Puerto Rico, all while implementing a public policy that encourages the development of new jobs and maximizing the income and resources of the Government of Puerto Rico. I trust in the success of this partnership and reiterate my total commitment to this initiative.”

Sports betting in Puerto Rico

Back in December 2020, former Governor Wanda Vázquez Garced signed Senate Bill 1534 into law on her last day in office, paving the way for traditional sports betting and esports betting in Puerto Rico.

Under the country’s sports betting laws, the Gaming Commission of Puerto Rico will oversee and regulate the betting industry, and will be tasked with issuing sports betting licenses. 

An official launch date for the activity has yet to be announced, however, Vázquez Garced’s successor, Governor Pedro Perlusi, has since established an advisory board as Puerto Rico moves closer towards launching sports betting.

Puerto Rico’s online sports betting space is expected to drive the market upon launch, however, customers will be required to register accounts in-person, forcing consumers to visit physical casinos before they can bet online.