The Canada-based Stars Group has inked a deal with Akwesasne Mohawk Casino Resort in New York for a Retail Sportsbook. It is being seen as a strategic expansion of The Stars Group in the U.S. online sports betting market.
According to the partnership deal, TSG would be launching its complete portfolio of services including online sports betting, poker, and casino. It is also expected that New York may soon allow online poker.
Subject to regulatory approvals, TSG would also provide Akwesasne Mohawk Casino Resort with technical support for its retail sportsbook.
While the casino will have a share of online revenue operations, The Stars Group will be entitled to claim revenue, which comes from retail sports betting operations.
The Stars group CEO, Robin Chhabra, said that the new entity would create ripples in the market and that he was excited with the partnership deal.
“We are excited to announce this agreement with Mohawk, which further strengthens our market access as we work to build our FOX BET business into one of the leaders in the emerging U.S. online betting and gaming market,” Chhabra said.
However, Akwesasne Mohawk Casino Resort general manager Todd Papineau was not very positive about the deal and said that there are still regulatory obligations pending and that “Once permissible in the state, we will be prepared to accept sports wagers through our new kiosks.”
“We are delighted to work with The Stars Group, one of the world’s largest, most licensed online gaming companies, to leverage the opportunity presented by online betting and gaming in the State of New York,” Mr. Papineau added.