Puerto Rico Approves Two More Sports Betting Licenses

The Puerto Rico Gaming Commission who recently announced that BetMGM and Casino del Mar will be the first partnership to operate online sports betting in the country has now announce two other operators cleared for licensing.

Jaime Rivera-Emmanuelli, the executive director of the Puerto Rico Gaming Commission said in an announcement,  “A few weeks ago, the commissioners approved the first online betting operation for Casino del Mar and its business partner, BetMGM, which provides the electronic betting platform,” Rivera-Emmanuelli went on. “Today we announce the approval of two more establishments: Casino Metro, which will operate in partnership with Caesars Entertainment, and Stadium (doing business as Winning), which will use the IGT betting platform.”

“With these three operations, we officially begin a new stage of sports betting in Puerto Rico, and with it, we will see the growth of this market, which will generate tourism activity, economic benefits and solid revenue for the government, among others,” he added.

So far the commission has issued 30 licenses of which 5 are operator licenses and the others service providers. The others are still being evaluated for operational conditions.

The commission expects to generate some $4 million in revenues for this year in taxes and licensing fees.

Jaime Rivera-Emmanuelli  went on to say about the new licenses, “This new form of entertainment offers a wide range of plays in sports such as basketball, baseball and the NFL, which includes the Super Bowl event, and possibly special events like Miss Universe, among others.”