In a surprising turn of events, Resorts Casino in Atlantic City has announced that they have sold their highly successful online gaming business to an undisclosed buyer. The deal, which is said to be worth millions of dollars, has sent shockwaves through the industry as many were caught off guard by the sudden sale.
The online gaming business, which was launched by Resorts Casino in 2013, quickly became a major player in the burgeoning online gambling market. Over the years, it has garnered a loyal following of players and has consistently been one of the top performers in terms of revenue generation for the casino.
According to sources close to the deal, Resorts Casino made the decision to sell their online gaming business in order to focus more on their brick-and-mortar operations. With the recent legalization of sports betting in several states, including New Jersey, the casino is looking to expand their sportsbook offerings and grow their presence in the rapidly growing market.
While the identity of the buyer has not been revealed, industry insiders speculate that it could be a major player in the online gaming industry looking to enhance their market share. The deal is expected to be finalized in the coming weeks, pending regulatory approval.
In a statement released by Resorts Casino, CEO Mark Giannantonio expressed his confidence in the decision to sell the online gaming business, stating that it will allow the casino to better focus on their core business and continue to provide a world-class gaming experience to their patrons.
The news of the sale has been met with mixed reactions from industry experts, with some praising Resorts Casino for their strategic decision to streamline their operations, while others question the long-term implications of selling such a profitable business.
As the online gaming industry continues to evolve and expand, it will be interesting to see how this sale impacts the landscape and whether Resorts Casino’s gamble will pay off in the long run. Only time will tell if this decision proves to be a wise move or a missed opportunity for the iconic Atlantic City casino.