This expands upon Golden Entertainment's existing agreement with William Hill, which already operates the race and sports book at Pahrump Nugget Hotel & Gambling Hall as well as deposit kiosks at approximately 80 Golden Entertainment wholly-owned taverns and third-party distributed gaming locations throughout Nevada.
The partnership further extends William Hill's relationship with Golden Entertainment to include race and sports books operations at Stratosphere Casino, Hotel & Tower, Arizona Charlie's Decatur and Arizona Charlie's Boulder in Las Vegas and Aquarius Casino Resort in Laughlin, Nevada. William Hill will also continue to operate the race and sports books at Edgewater and Colorado Belle casino resorts in Laughlin after Golden Entertainment finalizes the acquisition of these properties in Q1 of 2019. In addition, the agreement provides that there will be a minimum of 100 William Hill mobile deposit kiosks at Golden Entertainment's wholly-owned taverns and third party distributed locations in Nevada.
William Hill and Golden Entertainment will also pursue sports wagering opportunities in Montana and Maryland, subject to enabling legislation within these states. Golden Entertainment currently operates distributed gaming across Montana in approximately 300 locations and owns Rocky Gap Casino Resort in Maryland.
"We are excited to expand our current relationship with William Hill, which has a proven sports wagering platform not only in Nevada but around the world. We look forward to growing our business in Nevada and other jurisdictions through this partnership," said Steve Arcana, COO of Golden Entertainment, Inc.
"Since entering the United States, William Hill has had an excellent relationship with Golden Entertainment and we look forward to continuing it for many years to come in Nevada and elsewhere as opportunities arise," said Joe Asher, CEO of William Hill US.
William Hill is expected to begin operating Golden Entertainment's additional Nevada race and sports books by December 2018, subject to receiving required regulatory approvals.