Bet365 in US sports betting alliance with Empire Resorts

Empire Resorts, Inc. and Hillside (New York) LLC, an affiliate of bet365 Group Limited have forged a strategic alliance to develop a physical and online sportsbook in New York State at Resorts World Catskills (RWC).

The 20-year agreement will see the operation of retail sports betting, an online sportsbook and online gaming at RWC, if and when permitted by applicable law, on a 50/50 profit share basis.

In addition, under the terms of the Sports Wagering Agreement,`Hillside will acquire up to $50 million of Empire common stock at a price of $20 per share in two tranches, making it Empire’s second largest stockholder.

Manny Pearlman, Executive Chairman of Empire Resorts, Inc.:

“bet365’s global expertise in effectively developing and executing world-class sportsbooks strongly complements Empire’s leadership in commercial casino operations in New York.

“This collaboration, which will enable Resorts World Catskills to be a leading destination for sports wagering in New York State, highlights our commitment to the continued growth of Resorts World Catskills, as well as our dedication to working with the best, most innovative pioneers in the industry to provide world-class gaming options.”

Simon Betteley, President of Hillside (New York) LLC, a bet365 affiliate:

“This landmark agreement, which combines Empire’s gaming operating skill with our expertise in providing best-in-class online sports betting, allows bet365 to tap into what we believe will be one of the most significant online and sportsbook markets in the United States”.

Following its initial investment, Hillside will own approximately 4.9 percent of Empire’s outstanding common stock. Pursuant to the Sports Wagering Agreement, the parties expect to use the bet365 brand and online consumer facing sports betting and digital platform.

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