The country of Pennsylvania’s first FanDuel Sportsbook has formally opened at Valley Forge Casino Resort, according to a recent statement from the property’s owner-operator, Boyd Gaming Corporation (NYSE: BYD), and the bookmaker and everyday fantasy sports provider.
Timing is everything:
Located in King of Prussia, approximately 20 miles west of downtown Philadelphia, Valley Forge watched the official opening of this new 1,800 square foot sports betting retail location on March 13, 2019. Strategically opened only six days ahead of the beginning of the annual NCAA college basketball tournament, March Madness, the sportsbook is located on the left of the main entry to the match.
“Opening the FanDuel Sportsbook in Valley Forge Casino Resort is the beginning of FanDuel Group’s retail sports betting expansion in partnership with Boyd Gaming. Our experience working the top sportsbook in New Jersey in the Meadowlands Racetrack will serve us well as we enter Philadelphia and compete for customers in a place with some of the most enthusiastic and knowledgeable sports fans. ”
King, who served as Chief Financial Officer of FanDuel from 2014-2016, was named Chief Executive Officer in November 2017, after FanDuel announced that Nigel Eccles, co-founder and then, company head, could be stepping down from the Board of Directors and leaving the New York City-based firm.
For its own part, Valley Forge’s General Manager, Dave Zerfing, stated …
“We are excited to partner with FanDuel Group and deliver a sports betting experience to our guests. Located next to our gambling floor, that has been expanded with 250 brand new slot machines, we enjoy continuing to improve our amenities and offerings here at Valley Forge Casino Resort. ”
New venue:
The location, which is open to the public 7 days a week, will be handled by FanDuel in partnership with Valley Forge Casino Resort and Boyd Gaming. And in addition to two sports tickers, attributes 27 TV displays, seven betting windows, seating for more than 30 customers and will accept wagers on all major U.S. sports including professional football (NFL), basketball (NBA), baseball (MLB) soccer (MLS), boxing, golf, motorsports and college basketball and football.
The merger which nearly was:
The two biggest daily fantasy sports platforms, FanDuel and Boston-based DraftKings, announced in November 2016, which they’d merge, however, the deal was declared in July 2017, after a month before, the Federal Trade Commission (FTC) authorized legal action to block the amalgamation that the individual government agency evaluated would control more than 90 percent of the U.S. market for paid daily fantasy sports contests.
Paddy Power Betfair bargain :
Then again, the Dublin-headquartered business made fast job of positioning itself in the U.S. sports betting market through the tie-up, starting with FanDuel’s sports betting deal to provide the sportsbook for Your Greenbrier, in West Virginia, which hosts an yearly PGA Tour event.
Representing a important growth in its nationwide portfolio, Boyd Gaming finished its $280.5 million acquisition of Valley Forge Casino Resort in September 2018. The Las Vegas-headquartered hospitality and gaming firm ’s property in the state of Pennsylvania, the company now owns and manages 29 gaming properties in ten states including Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri and Ohio.
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