Hard Rock Hotel & Casino Sioux City, located in Iowa, has announced the impending closure of its digital sportsbook due to a change in ownership. The decision comes as part of a transition following Churchill Downs Incorporated’s (CDI) acquisition of the casino. While the digital sportsbook will cease operations, the physical sportsbook will continue to accept in-person bets, maintaining a seamless betting experience for patrons.
Closure Details and Timeline:
Hard Rock Hotel & Casino Sioux City disclosed that November 28 will mark the final day for users to place wagers through the sportsbook’s website and app. Existing account access will be maintained until December 27, after which the website and app will permanently shut down on December 28. Any remaining funds in user accounts or winnings will be disbursed via cheque, sent to players by mail.
Background on Ownership Change:
The closure of the digital sportsbook is a consequence of the Iowa Racing and Gaming Commission’s approval of Churchill Downs Incorporated’s $2.75 billion acquisition of Hard Rock Hotel & Casino Sioux City in 2022. This acquisition ushered in changes in ownership structure and operational decisions, leading to the decision to discontinue the digital sportsbook.
Casino Overview:
Peninsula Pacific Entertainment’s (P2E) 45,000-square-foot venue, part of the Hard Rock Hotel & Casino Sioux City, is equipped with 639 slot machines, 20 gaming tables, and a 54-room hotel. The casino has been a prominent player in the Iowa gaming landscape, offering a diverse range of gaming and entertainment experiences.
Iowa Sports Betting Landscape:
The announcement comes amid a dynamic period in Iowa’s sports betting landscape. The state reported a robust sports betting handle of $245.8 million in September, marking a significant 22.8% increase compared to the same period in 2022. Online sports betting contributed significantly to the handle, accounting for $222.3 million, with retail sportsbooks contributing the remaining $23.4 million. The closure of the digital sportsbook at Hard Rock Hotel & Casino Sioux City aligns with broader industry trends and adjustments.
As Hard Rock Hotel & Casino Sioux City bids farewell to its digital sportsbook, the casino continues to adapt to changing circumstances within the gaming industry. The closure, prompted by ownership changes, showcases the dynamic nature of the market and the need for strategic adjustments. Patrons can still engage in in-person sports betting at the casino, ensuring a seamless and diversified gaming experience for visitors. The decision aligns with the broader landscape of Iowa’s thriving sports betting industry, marking a strategic shift for the renowned casino.