Key Moments:
- BetMGM and Casino del Mar have opened a retail sportsbook at the Mayagüez Resort and Casino, marking BetMGM’s first location outside of San Juan.
- The partnership’s expansion aligns with the regulatory requirements set by the Puerto Rico Gaming Commission and aims to grow the network of satellite locations.
- Recent market activity includes FanDuel’s new retail sportsbook in San Juan and PrizePicks obtaining local authorization for fantasy sports contests.
Expansion to the Western Region
BetMGM and Casino del Mar at La Concha Resort have extended their sports betting reach by officially launching a new retail sportsbook at the Mayagüez Resort and Casino. This opening signifies BetMGM’s first move beyond San Juan, creating a pathway for further expansion throughout Puerto Rico.
Building on a Proven Model
The collaboration between BetMGM and Casino del Mar was initiated three years ago, resulting in a firm position within Puerto Rico’s regulated sports wagering market. Following the successful model established in San Juan, the partners are now focused on delivering the same offerings in other communities across the island.
According to Rolando Padua, president of Paulson Puerto Rico – the group backing Casino del Mar – this expansion underscores a commitment to consistent, high-quality entertainment experiences for local sports enthusiasts and bettors. Padua stated, “The goal is to replicate the same success achieved in San Juan with the opening of new satellites all over Puerto Rico. That way, residents from other areas will have access to the same quality entertainment experience that has made Casino del Mar and BetMGM so successful.”
This strategic growth strictly adheres to standards implemented by the Puerto Rico Gaming Commission, ensuring all operations meet regulatory protocols.
Market Growth and Recent Developments
With the legalization of sports wagering, Puerto Rico has emerged as a prominent gaming market within the Caribbean. The recent opening at Mayagüez demonstrates escalating consumer interest and industry maturation.
Other notable events include FanDuel’s introduction of a retail sportsbook in San Juan through a partnership with CAGE Puerto Rico II, known as CAGE Sports. In addition, PrizePicks recently secured a license to become the first operator in Puerto Rico officially allowed to offer fantasy sports contests, signaling the local regulator’s adaptability and encouragement of innovation.
| Operator | Development | Location/Partnership |
|---|---|---|
| BetMGM & Casino del Mar | Launched retail sportsbook | Mayagüez Resort and Casino (first outside San Juan) |
| FanDuel | Opened new retail sportsbook | San Juan, with CAGE Puerto Rico II (CAGE Sports) |
| PrizePicks | Obtained license for fantasy sports contests | Puerto Rico (first authorized operator in this segment) |
Economic and Regulatory Impact
The extension of BetMGM’s presence represents more than business growth – it also aligns with broader objectives for economic advancement, job opportunities, and responsible industry oversight throughout Puerto Rico. Through collaboration with established companies such as Casino del Mar, BetMGM is fostering responsible gaming and adherence to legal frameworks.
The launch at Mayagüez Resort and Casino further highlights dedication to regional economic development, positioning sports betting as a supplemental revenue channel for the government, and as a catalyst for employment across hospitality and technology fields.
As BetMGM and Casino del Mar continue rolling out additional satellite locations, both entities are set to shape the future of regulated sports betting on the island. This approach promises to blend the excitement of live sports with the trust and transparency expected from a regulated market, as Puerto Rico transitions into a new era of partnership among international operators, local enterprises, and regulators.
- Author
Daniel Williams
