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DraftKings candy deal in East St. Louis

In Illinois, development has began on a $10 million challenge at DraftKings at On line casino Queen in East St. Louis that may see the transform of the sportsbook and a brand new eating promenade.

The 30,000 sq. foot growth will embrace an upgraded and enlarged state-of-the-art DraftKings at On line casino Queen Sportsbook, which might be located simply steps from the gaming ground and have the most recent sports activities betting expertise, together with lounge-style seating, outsized excessive definition TVs and extra.

A full-service restaurant will serve breakfast, lunch and dinner, and its bar will lead into the promenade the place a meals court docket with three quick-service eating shops will “increase and elevate” the power’s meals and beverage choices. The challenge is anticipated to be accomplished in December 2021.

Leveling the enjoying subject:

“Sports activities wagering has enormously elevated Illinois gaming and we’re creating an atmosphere at DraftKings at On line casino Queen to seize that pleasure,” mentioned Terry Downey, President and Chief Government Officer for On line casino Queen (CQ) Holding Firm, Inc.

Including to the official June 1st press launch (pdf), Downey, who’s a College of Nevada, Las Vegas (UNLV) alum and unbiased director at Bally’s Company, mentioned…

“Via our partnership with DraftKings, a cutting-edge sportsbook, and distinctive new eating experiences, we are going to quickly provide a gaming vacation spot that’s unmatched on this area.”

Positioned alongside the Mississippi River, simply minutes from Downtown St. Louis, the property contains a 157-key lodge with health middle, pool and spa, assembly and occasion house, and 4 foods and drinks choices whereas the 38,000-square-foot on line casino at present provides 980 gaming machines and 29 desk video games.

2020 announcement:

In July 2020, DraftKings Inc. (Nasdaq: DKNG) introduced that it had partnered with what was then the On line casino Queen and that the East St. Louis-based property could be rebranded as “DraftKings at On line casino Queen.”

The announcement by the digital sports activities leisure and gaming firm adopted a June 16th regulatory submitting by which the Boston-based agency mentioned it inked a “multiyear association” with On line casino Queen on Wednesday, June 10th. The deal allowed DraftKings to be a part of a bodily sportsbook in addition to provide its on-line wagering app within the midwestern state the place sports activities betting was legalized in 2019.

Incorporating the on line casino’s new sports activities betting associate into the branding was a part of the state’s expanded gaming legislation requiring licensees to supply cell sports activities wagering underneath the on line casino’s model. FanDuel Group adopted swimsuit when in November 2020, the Flutter Leisure subsidiary introduced that it had signed a multi-million greenback deal that will see southwestern Illinois’ Fairmount Park Racetrack rebranded as FanDuel Sportsbook and Horse Racing.

CQ Holding investments:

The growth is one in a collection of current investments by the Illinois-based CQ Holding Firm, Inc. after including On line casino Queen Marquette in Iowa to its secure in 2017 adopted by agreements with GLPI (Gaming and Leisure Properties) and Caesars Leisure that may see it purchase the operations of Hollywood Baton Rouge and the Belle of Baton Rouge. The 2 offers are anticipated to shut mid-2021.

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