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Eldorado reverse-merged with MTR Gaming Group in 2014, kickstarting its expansion with access to Ohio, Pennsylvania, and West Virginia. It bought Isle of Capri Casinos for $1.7 billion in 2017 after expanding in Reno, then added Tropicana Resorts operations for another $1.85 billion in 2018. With the Caesars deal apparently in the works for several months, however, some pre-acquisition consolidation was in order. exited Pennsylvania in 2018, shedding operations for both Lady Luck Nemacolin and Presque Isle Downs. Eldorado more recently agreed to sell off assets in West Virginia and Missouri to Century Casinos, which will shrink its footprint to 11 states. Still, its standalone portfolio is worth around $4 billion. Like Caesars, Eldorado seems to have big ambitions for sports betting. In September 2018, the company acquired 20% of William Hill US in exchange for market access across its portfolio. While William Hill powers its existing retail operations, Eldorado subsequently entered into another big partnership with The Stars Group. TSG has since taken on investment from Fox, so the merged company will control the deployment of the new Eldorado currently has sportsbooks in four states too, including West Virginia. Both companies have taken independent steps to create a US sports betting empire, and their combined portfolio reaches into seven legal states: Even without West Virginia, the new Caesars entity will have better access to US sports betting than any of the competition.
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His used-car dealership, Daylight Motors, was used as a front for the sports betting operation. “Tillery used a website to receive and track wagers from his betting clients, allowing his bettors to place wagers on sporting events, including professional and collegiate basketball, baseball, and football games,” said the government’s presser. The feds don’t know the full size of the operation. They said that the family handled at minimum $52 mm between 2011 and 2016. That would come out to about $180k per week, on average. With the operation dating back to the 1980s, the Tillery crew may have handled hundreds of millions of dollars in sports wagers. The feds said that Judy assisted in laundering the money, while Brian was more engaged in the day-to-day operations of the sports betting. “Brian Tillery, Larry Tillery’s son, aided the bookmaking enterprise by collecting money from sports bettors and making payments to bettors on behalf of his father; checking the online wagers on a regular basis to keep Larry Tillery aware of what bets were placed on which games; accepting illegal gambling funds from Larry Tillery and making wire transfers to pay illegal gambling debts for Larry Tillery.” Texas is one of the few states that may never legalize and regulate sports betting. It could happen one day, but it will take a major shift in the state’s political environment.
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