Churchill Downs Incorporated announced that Presque Isle Downs & Casino (“Presque Isle”), the Company’s wholly-owned subsidiary, has entered into a multi-year agreement with a wholly-owned U.S. subsidiary of bet365 Group Ltd (“bet365″) for online sports betting and iGaming market access in Pennsylvania, subject to necessary regulatory approvals.
“We are pleased to partner with a global leader in the online gaming industry,” said Bill Carstanjen, CEO of CDI. “Our relationship with bet365 enables us to maximize the value of our company’s sports betting and iGaming market access in Pennsylvania.”
The bet365 agreement is consistent with CDI’s strategy to exit the online sports and casino business, monetize the Company’s online sports and iGaming market access rights and remain focused on growing the TwinSpires online horseracing wagering business.
“Off the heels of our launch in Ohio, we are thrilled to announce our partnership with Churchill Downs Incorporated,” a bet365 spokesperson said. “Once live, the world’s favorite online sports betting brand will be available to sports fans in Pennsylvania, offering fantastic site features, including Bet Boosts, Same Game Parlay, Cash Out and Edit Bet, on top of our market-leading sign-up offer.”