New York’s Empire Resorts Forms Alliance With Bet365

Sun, Nov 18, 2018

Empire Sports Inc. has announced it is forming a “strategic alliance” with Bet365 to develop and offer sports betting and online gaming at its Resorts World Catskills (l.) in New York. The state does not currently allow sports betting, but legislation is expected in 2019. An affiliate of Bet365 will acquire up to $50 million of Empire common stock at a price of $20 per share, making the company Empire's second-largest stockholder.

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