FanDuel moved one step closer to having a branded retail sportsbook at Boyd Gaming’s Fremont Hotel and Casino in Las Vegas later this year.
On Wednesday, Flutter was recommended for license approval by the Nevada Gaming Control Board (NGCB), paving the way for its brand to feature in the state. A final determination will be made by the Nevada Gaming Commission on Aug. 25.
FanDuel Sportsbook will be providing lines and offering guidance, but it remains a Boyd operation. Most notably for the Nevada sports betting market, the company’s app will not come to the state as part of the approval.
Details on revamped sportsbook
Several members of Flutter’s hierarchy, including CEO Peter Jackson and FanDuel CEO Amy Howe, presented to the NGCB on Wednesday morning.
The revamped, rebranded 76-seat sportsbook will feature a number of HD video walls, according to the presentation. Wagering would be provided by Boyd at four windows and seven kiosks. The Fremont is undergoing renovations, and the presentation stated its upgraded sportsbook could reopen in late 2022, pending licensing approval from the NGC.
“Boyd will continue to operate the sportsbook, with FanDuel providing information, advice and support for trading, setting odds and prices and risk management,” was how a presentation slide described the agreement.
The companies will share sports betting revenue from the retail sportsbook at the Fremont.
FanDuel has no app in Nevada
FanDuel was not concerned about customer confusion that should arise if there are issues.
“We understand that our brand is on that sportsbook. I don’t have concerns around misleading customers because the FanDuel brand is on the sportsbook,” a Flutter representative said during the presentation.
The US market leader does not have any intention to bring its app to Nevada right now, as the state’s in-person registration registration requirement continues to keep major operators out of Nevada. The retail sportsbook will have its branding but the app will remain Boyd.
The presentation said FanDuel provides services for Boyd at 12 retail sportsbook venues in six states. Boyd owns 5% of FanDuel.