Hard Rock inks deal with British firm to offer N.J. sports betting

People gamble at the Hard Rock Hotel and Casino in Atlantic City, N.J., late last month.
People gamble at the Hard Rock Hotel and Casino in Atlantic City, N.J., late last month.

ATLANTIC CITY, N.J. -- Hard Rock has signed a deal with a British online gambling company to offer sports betting as soon as the arrangement is approved by New Jersey gambling regulators.

The global hospitality and gambling company owned by Florida's Seminole Indian tribe has signed a deal with Bet365 to offer sports betting at its new casino on the Atlantic City Boardwalk.

Neither company has announced the deal, but its existence was revealed in correspondence from the state Division of Gaming Enforcement.

According to a June 25 letter from division Director David Rebuck, made public recently, Hard Rock and Bet365 signed a deal June 19 to offer sports betting. Rebuck approved only part of the agreement -- a section called Article 3 -- and has yet to act on the full request.

Hard Rock and Bet365 did not immediately respond to messages seeking comment.

Currently, only three New Jersey entities offer sports betting: The Borgata and Ocean Resort casinos in Atlantic City, and Monmouth Park racetrack in Oceanport, near the Jersey shore.

But that club is about to expand. On Saturday, the Meadowlands Racetrack in East Rutherford took sports betting practically to the doorstep of New York; the track is about 6 miles from Manhattan. And Hard Rock would be the fifth to offer it, if its request is approved soon.

At the June 28 opening of its Atlantic City casino, Hard Rock Chief Executive Officer Jim Allen said the company is pursuing sports betting, but had no announcement to make at the time. The deal with Bet365 had already been signed nine days earlier, although it had yet to be approved by state regulators.

New Jersey won a U.S. Supreme Court case May 14 clearing the way for all 50 states to offer legal sports betting if they choose.

SundayMonday Business on 07/15/2018

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