Las Vegas-based Boyd obtained Pala Online for one hundred seventy dollars million within November 2022. The new Stardust online casino can operate in addition to report income under Borgata’ s NJ-NEW JERSEY casino permit.
It’s a case of addition by subtraction in the New Jersey online gambling market. Stardust Casino has officially relaunched under Boyd Gaming, while Pala Casino is no longer in operation.
Boyd Gaming, the former operating partner of Atlantic City’s Borgata Hotel Casino & Spa, along with FanDuel, brought back the iconic Stardust brand to the NJ online casino space in 2021, replacing Betfair in the process. The Stardust online casino operated and reported revenue under the Golden Nugget Atlantic City’s license.
Boyd, based in Las Vegas, acquired Pala Online for $170 million in November 2022. The new Stardust online casino will operate and report revenue under Borgata’s New Jersey casino license.
Stardust Gambling establishment NJ can make debut within New Jersey – again
Two years after Boyd and FanDuel initially launched Stardust in New Jersey, the online casino is set to go live once again.
FanDuel Casino will continue to offer online gambling in NJ, taking over the former Stardust online accounts in early March.
Pala’s customers and related account information have been transferred to the new Stardust Casino NJ.
In summary, the main takeaway is that Stardust Casino NJ is still open to online gamblers in the Garden State.
Continue to awaiting particulars for Stardust Casino within Pennsylvania
Boyd has not yet announced details about its plans for the Stardust online casino in Pennsylvania. Boyd currently owns and operates over 25 casinos and racinos in various states, including Valley Forge Casino Resort in King of Prussia.
In 2016, Boyd sold its 50% share of Borgata to its Atlantic City operating partner, MGM Resorts International. The $590 million deal was finalized in 2016.
Borgata, Atlantic City’s most profitable casino, will be celebrating its 20th anniversary in 2023.
Good Boyd, Stardust dates back in order to Las Vegas
Boyd Gaming acquired the financially troubled Stardust Resort & Casino in 1985. The casino operated on the northern end of the Las Vegas Strip from 1958 until its implosion in 2007. Today, the site is home to Genting Group’s Resorts World Las Vegas.
As for FanDuel, the largest online sportsbook operator in the US, it is doing well. Boyd actually holds a 5% stake in FanDuel, which is owned by Flutter Entertainment plc. The Dublin-based gambling company made a strategic move by acquiring the daily fantasy sports brand in 2018, just before the online gambling boom in the US.
David Danzis is the lead writer for PlayNJ. He is a native of New Jersey and a graduate with honors from Rutgers University. As a newspaper reporter for the New Jersey Herald and Press of Atlantic City, David received statewide awards for his coverage of politics, government, education, sports, and business. Today, he serves as PlayNJ’s Atlantic City “insider” and an expert on casinos, sports betting, and online gambling. David resides in Mays Landing with his wife and two children. When not at the beach, golf course, or snowboarding, he enjoys watching his beloved New York sports teams – the Yankees, Jets, Rangers and Knicks.
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