Business News

Daily fantasy sports operator FanDuel has agreed a deal to provide sports wagering services to The Greenbrier, the West Virginia-based luxury resort owned by state Governor Jim Justice.

The agreement will see FanDuel provide retail, online and mobile sports betting services to the casino, which plans to launch an on-premises offering under The Greenbrier Casino Club brand, named for the resort's private casino. This will be supported by FanDuel-branded online and mobile sites.

"We're excited to be able to offer this service to those guests who are interested," said Dr. Jill Justice, president of The Greenbrier.

"The Casino Club at The Greenbrier has been an attractive destination for our guests and members since its opening, and sports betting provides yet another element to the casino experience."

Founded in 1778, the Greenbrier is currently owned by West Virginia-based entrepreneur and state governor Jim Justice, who acquired the venue in 2009, rescuing it from bankruptcy. The resort also houses a bunker, constructed to protect US Congress members in the event of a nuclear attack during the Cold War.

Its casino, The Casino Club at The Greenbrier, opened in 2010 serving hotel guests only. It is reportedly the only private casino in the US.

The venue's planned launch of legal sports betting has been facilitated by the passage of the West Virginia Sports Wagering Act, which passed into law in March without Governor Justice's signature. This was followed by last week's adoption of sports betting regulations by the State Lottery Commission.

The law allows wagering to take place at West Virginia's four racetrack casinos and The Greenbrier. Licensees can also allow third parties to operate skins under their licences, with FanDuel the first to do so.

"We are honored to be chosen to provide sports wagering services at The Greenbrier, an iconic resort in the US," FanDuel chief executive Matt King said. "As we work towards building out a top sports betting product for the upcoming NFL season, we look forward to bringing West Virginia residents, sports fans, and visitors to The Greenbrier the best interactive sports experience on the market."

It is the first deal agreed by FanDuel since it finalised plans to merge with Betfair US, a subsidiary of London-listed Paddy Power Betfair, with the transaction expected to complete in Q3 2018.

Betfair US has already agreed deals to power sports betting at Meadowlands Sports Complex in New Jersey and the Tioga Downs Racetrack in upstate New York.

FanDuel is expected to launch sports betting in West Virginia in the third quarter of 2018, subject to enactment of the sports betting regulations.