As the online and land-based casino firm entered the Prairie State, Golden Nugget secured agreements with Danville Development and Wilmot Gaming Illinois.
This has seen Golden Nugget Online Gaming unveil a definitive agreement for market access to the state for online sports wagering and igaming, upon legalisation, with Danville Development.
The market access agreement is for a 20-year period and allows GNOG to pay a percentage of its online net gaming revenue to Danville Development, subject to minimum royalty payments over the term.
GNOG’s President, Thomas Winter, noted: “We are thrilled to gain market access in Illinois, the fifth most populous US state and the largest to have regulated mobile wagering to date.
“This is a tremendous opportunity for us to further increase our US footprint and deliver on our ambitious growth plans. We look forward to bringing our award-winning online offerings to the Prairie State.”
In addition, before all regulatory approvals are received, Golden Nugget will enter into a joint venture agreement with Wilmot Gaming Illinois to develop a new casino in Danville, Illinois.
Danville Development, a wholly owned subsidiary of Golden Nugget, is a joint venture between Wilmot and GN Danville.
Tilman Fertitta, Golden Nugget and GNOG owner and CEO, commented: “This is Golden Nugget’s first joint venture on a casino project, and we are honoured to be the one selected amongst numerous bidders for this opportunity by the Wilmot family after a highly competitive process. Having the ability to grow the Golden Nugget brand in Illinois in both the online and land based markets is an exciting opportunity.”
James Wilmot, Wilmot’s vice president, explained: “Wilmot is pleased to deliver Golden Nugget and GNOG to the city of Danville and is excited to partner with Tilman J Fertitta. The Golden Nugget is a nationally recognised brand and strengthens the submission, provides additional opportunities, and upgrades the overall project.
“The Wilmot family would also like to personally acknowledge the efforts and support of the city council and mayor of Danville, IL; without their diligence and attention to detail this project would not be possible.”