The Stars Group strikes NY market access agreement
The Stars Group has entered into an agreement with the Akwesasne Mohawk Casino Resort that will see the PokerStars operator enter New York’s sports betting market, as well as providing access to any future igaming market in the state.
The partnership with the casino, owned by the Saint Regis Mohawk Tribe of Akwesasne, grants The Stars Group an option to operate and brand real-money online sports betting, poker and casino in New York on a first skin basis. This is subject to the passage of legislation in the state, and each party being approved to operate in the market.
In addition, The Stars Group will also provide support services for the launch and operation of a retail sportsbook at the Akwesasne Mohawk Casino Resort in Northern New York.
Under the terms of the agreement, Mohawk would receive a revenue share from the operation of the applicable online offerings, while The Stars Group will receive a revenue share from the operation of the retail sportsbook.