Caesars Locks Up Three of Maine's Four Online Casino Licenses in Wabanaki Nations Deal
New Delhi, June 26 -- a state iGaming market with no commercial operator competition at launch. Caesars Entertainment Inc. (Nasdaq: CZR) moved on Tuesday to secure most of it.
Caesars Palace Online Casino, Caesars Sportsbook & Casino, and Horseshoe Online Casino, running through the company's Universal Digital Wallet and linked to its existing sportsbook operations in Maine. Caesars detailed the expanded agreement in a statement issued Tuesday through its investor relations office.
That is three of the four available licenses in the state held by a single operator, a concentration without precedent in any of the seven other US states that have legalized online casino play.
The arrangement gives Caesars a structural advantage in a marke...
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