Downtown Las Vegas' Fremont St. Casino Brings a Big Name to the City
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Las Vegas casinos have had the market cornered on sportsbooks in the state thanks to a 2015 law that banned daily fantasy sports operators in Nevada. It took until 2021 for DraftKings and FanDuel to file for a gaming license. The NGCB doesn't expect DraftKing's application to be heard during next May's bi-monthly meetings.
FanDuel and DraftKings are making progress in Las Vegas. The sportsbook at the Fremont Hotel Casino in downtown Las Las could be rebranded as the FanDue Sportsbook. Boyd Gaming, which owns 5% of Fanduel, sees about $30 million annually from its partnership with Fan duel. Draft Kings expects to close its acquisition of Golden Nugget Online Gaming by the end of next month. Neither Draft King nor Golden nugget are licensed in Nevada. DraftKing shares were up 11.3% to $18.21 at last check Friday morning.
