Bidder tied to Mexican gaming company only remaining applicant for Illinois online sports betting license. But it may be forced to drop out.

  • 📰 ChicagoBreaking
  • ⏱ Reading Time:
  • 59 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

A deal that would see Caliente Interactive, a Mexican gaming company with ties to a controversial Tijuana businessman, enter the state's online sports betting market may fall through, leaving Illinois without any applicants for its first online-only license.

A DraftKings Sportsbook logo is posted on the construction fencing surrounding a future facility in the southeast corner of Wrigley Field on Sept. 27, 2022, in Chicago.

“We do not comment on individual pending applicants,” said Joe Miller, a spokesman for the Illinois Gaming Board. FanDuel, which is associated with the Fairmount Park horse racing track near St. Louis, was the state’s top sportsbook, with more than $253 million in adjusted gross receipts for the year, according to the report. DraftKings, which is partnered with the Casino Queen in East St. Louis, was the state’s No. 2 sportsbook with nearly $148 million in adjusted gross receipts, followed by BetRivers at about $99 million.

A DraftKings Sportsbook logo is displayed on the right field wall of Wrigley Field as Philadelphia Phillies players warm up for a game against the Chicago Cubs on Sept. 27, 2022.Advertisement On Tuesday, a Fubo spokeswoman referred to an April 28 statement in which the company “respectfully disagrees with the decision,” and offered no further comment.

Caliente Interactive was established in 2014 as an independently operated entity through an agreement between Grupo Caliente and Playtech, a publicly traded London Stock Exchange technology company, according to the Tekkorp disclosure statement filed with the gaming board.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 521. in BUSİNESS

Business Business Latest News, Business Business Headlines