DraftKings, Mashantucket Pequot Tribal Nation and Foxwoods Resort Casino to Expand Relationship, Paving the Way to Bring DraftKings Sportsbook to Puerto Rico
BOSTON and SAN JUAN, Puerto Rico and MASHANTUCKET, Conn., April 04, 2022 (GLOBE NEWSWIRE) -- DraftKings (NASDAQ: DKNG) and the Mashantucket Pequot Tribal Nation today announced they have agreed to a deal to expand their relationship and pave the way to offering the DraftKings online and retail sports betting experience in Puerto Rico, subject to applicable licenses and regulatory approvals being obtained. The announcement comes following Foxwoods and DraftKings having successfully launched sports betting and iGaming in Connecticut on October 19, 2021.
The DraftKings retail sportsbook will be located inside the Foxwoods El San Juan Casino and is expected to open in the coming weeks, pending receipt of applicable licenses and regulatory approvals. Once complete, the space will feature a massive video wall, bar and dining services, two over the counter ticket windows and six betting kiosks.
“Since establishing our relationship with the Mashantucket Pequot Tribal Nation and Foxwoods more than a year ago, we’ve seen immense success, which can be attributed to the collaborative efforts between the organizations and shared vision for providing customers with the very best,” said Matt Kalish, President of DraftKings North America and co-founder. “Puerto Rico is known for its rich and vibrant sports culture, and we look forward to being able to provide fans with a safe and legal form of sports betting through our retail and online sportsbooks.”
In January 2021, the Mashantucket Pequot Tribal Nation and Foxwoods announced plans to reopen the iconic El San Juan Casino as the “Foxwoods El San Juan Casino”. The redevelopment of the luxurious casino destination included $137.5 million in resort enhancements, including the reopening of the renowned Tropicoro entertainment venue.
“We have made tremendous strides in the sports betting space in our relationship with DraftKings, who has continued to be a valuable partner, through our online and retail experiences in the state of Connecticut,” said Mashantucket Pequot Tribal Nation Chairman Rodney Butler. “As we expand our partnership with DraftKings to the beautiful island of Puerto Rico at the Foxwoods El San Juan Casino, we are confident that we will continue to create unforgettable memories for customers and sports fans alike.”
In addition to online and retail sports betting, DraftKings will have the opportunity, pending receipt of applicable licenses and regulatory approvals, to provide customers in Puerto Rico with its legacy daily fantasy sports product, which is currently available in 44 states in the United States and operational in six countries internationally.
DraftKings, the Mashantucket Pequot Tribal Nation and Foxwoods take responsible gaming seriously. An active member of the American Gaming Association, DraftKings has committed to promoting the association’s Have A Game Plan.® Bet Responsibly™ public service campaign, which teaches customers responsible gaming best practices such as setting a budget and sticking to it and only playing with legal, regulated operators. Similarly, the Mashantucket Pequot Tribal Nation and Foxwoods are committed to supporting the development of awareness and prevention programs for problem gaming – including operating the first self-exclusion program in the United States. Additionally, DraftKings is committed to creating inclusive and responsible pathways for people to build, create, imagine, and innovate through the DraftKings S.E.R.V.E.S. program.
DraftKings Inc. is a digital sports entertainment and gaming company created to fuel the competitive spirit of sports fans with products that range across daily fantasy, regulated gaming and digital media. Headquartered in Boston, and launched in 2012 by Jason Robins, Matt Kalish and Paul Liberman, DraftKings is the only U.S.-based vertically integrated sports betting operator. DraftKings is a multi-channel provider of sports betting and gaming technologies, powering sports and gaming entertainment for operators in 17 countries. DraftKings’ Sportsbook is live with mobile and/or retail betting operations in the United States pursuant to regulations in Arizona, Colorado, Connecticut, Illinois, Indiana, Iowa, Louisiana, Michigan, Mississippi, New Hampshire, New Jersey, New York, Oregon, Pennsylvania, Tennessee, Virginia, West Virginia, and Wyoming. DraftKings’ daily fantasy sports product is available in 6 countries internationally with 15 distinct sports categories. DraftKings is both an official daily fantasy and sports betting partner of the NFL, NBA, MLB, NHL, PGA TOUR and UFC as well as an official daily fantasy partner of NASCAR. Launched in August 2021, DraftKings Marketplace is a digital collectibles ecosystem designed for mainstream accessibility that offers curated NFT drops and supports secondary-market transactions. DraftKings also owns Vegas Sports Information Network, Inc. (VSiN), a multi-platform broadcast and content company.
About Foxwoods Resort Casino
As the largest resort casino in North America, Foxwoods Resort Casino offers guests a premier destination resort experience throughout its six world-class casinos; AAA Four-Diamond hotels featuring over 2,200 rooms; dining options for all tastes; luxurious spas; award-winning golf; state-of-the-art theaters; Tanger Outlet Mall; conference space for groups of all sizes; and free online casino games at FoxwoodsONLINE.com. There is always something new at Foxwoods, most recently the arrival of Foxwoods Extreme Adventures. Adventure knows no limit as guests can zipline or race around on a European-style indoor karting track. Foxwoods Resort Casino truly is The Wonder Of It All, providing a personalized and exciting escape for everyone. Foxwoods, opened in 1992, is owned and operated by the Mashantucket Pequot Tribal Nation. For a detailed look at Foxwoods Resort Casino and Mashantucket Pequot Tribal Nation visit Foxwoods.com.
About the Mashantucket Pequot Tribal Nation
The Mashantucket (Western) Pequot Tribal Nation is a federally recognized Indian tribe located at one of America's oldest Indian reservations, Mashantucket, in Southeastern Connecticut. As pioneers of the Indian Gaming casino industry, the history of the Mashantucket Pequots reveals one of America's greatest come-back stories, featured at the Tribe's world renowned Mashantucket Pequot Museum. Today, the Tribe owns and operates one of the largest Integrated Resort Casino destinations in North America, Foxwoods Resort Casino, along with a variety of complementary businesses including a world-class golf course, luxury spa, Pequot Pharmaceutical Network, and Pequot Plus Health Benefit Services. As one of Connecticut's highest revenue contributors and largest employers, the Mashantucket Pequots have provided the state more than $4 billion in slot revenue through a first-of-its-kind agreement, established in 1993. Likewise, the Tribe has contributed hundreds of millions in donations and sponsorships for the benefit of communities and tribes in need, locally and throughout the U.S.
Certain statements made in this press release are “forward looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside DraftKings’ control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see DraftKings’ filings with the Securities and Exchange Commission. DraftKings does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.