Shares in New York-listed casino operator Empire Resorts jumped over 30 per cent in value Wednesday morning as the company announced a sports betting partnership with an affiliate of leading international sports betting company bet365.

The two parties have agreed a 20-year partnership covering land-based and online sports betting and gaming in New York, as well as an investment of up to $50m in Empire Resorts by the affiliate of bet365 Group.

Empire Resorts said that the collaboration between New York’s premier integrated commercial casino resort and the world’s largest online sports betting operator positions Resorts World Catskills as the leading sports betting and gaming destination in New York state.

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