ATLANTIC CITY, N.J. — Boyd Interactive has acquired Resorts Digital, the online gaming division of Atlantic City’s Resorts Casino, for an undisclosed sum.
The acquisition, finalized on September 1, highlights Boyd Interactive’s commitment to expanding its footprint in the online gambling sector.
In the first eight months of this year, Resorts Digital has demonstrated remarkable performance, reportedly generating five times the revenue of its physical counterpart. The division earned over $573 million, while the physical casino generated only $109 million, according to the New Jersey Division of Gaming Enforcement.
Resorts Digital reported a gross operating profit of $9.6 million for the first half of this year, reflecting a 5.6% increase year-over-year. Meanwhile, the physical Resorts casino’s gross operating profit plummeted to $355,000, marking a nearly 89% decline from the previous year.
As part of the agreement, Boyd Interactive acquired both ResortsCasino.com and another online gambling brand, along with an unused sports betting platform.
The Resorts Casino will continue its collaborations with existing online partners, enhancing its competitive edge in the market.
Officials from Resorts expressed optimism about the merger, stating that the transaction will elevate Resorts Digital’s success by leveraging Boyd Interactive’s established market presence.
Boyd Interactive is poised to strengthen its position in New Jersey, a leading state in the iGaming industry, aiming for continued growth in the region.
Despite the acquisition, Resorts Digital will function under the existing sports betting and online gaming licenses held by Resorts Casino. The two entities plan to cross-promote each other’s services, which is anticipated to yield long-term benefits for both.
Resorts Casino is owned by prominent New York real estate developer Morris Bailey and his business partner.
