American betting firm Golden Nugget Online Gaming has announced that they've come to terms with Danville Development to construct a development in the state that will allow Golden Nugget to offer online sportsbetting services to customers.
The agreement will see GNOG providing a $30 million loan to put toward the facility's construction and they'll pay royalties and a percentage of net gaming revenues. The groups will be working together for 20 years, but will be lucrative as they'll get exclusive online sportsbetting and (if legalized) casino gaming rights.
Commenting on the deal Wimot Management Group Vice President James Wilmot said, "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 recognized 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; without their diligence and attention to detail this project would not be possible."
Golden Nugget Online Group President Thomas Winter also commented, noting: "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," Winter said. "We look forward to bringing our award-winning online offerings to the Prairie State."
Right now we don't have a timetable for the construction of the location, but we reckon that it's possible that Golden Nugget may be offering sportsbetting services before the facility itself opens its doors.