The Connecticut-based Casino is also one of the most powerful book of ra keeper than any other casino in Las Vegas. But, like many other casinos, Foxwoods too is under pressure to offer its clients with up-to-date betting environment and facilities. It is also to embrace a look on online space to ensure it is known for virtual gambling as well.
Taking some steps head, Foxwoods launched a free-to-play website last year and now to expand the business it is partnering with Victory Square Ventures. Foxwoods & Victory Square Ventures are launching a joint venture named “Foxwoods and Victory Square Ventures Living Lab.” Under this project, the two giants will together work on developing and marketing new online gaming & betting technologies for the new age players.
The partnership news was rolled out at the Traction Conference in Vancouver last week and the two partners (Victory Square and Foxwoods) define it as “one-of-its-kind” deal. The deal will mark a new era of online gambling as the industry has till now haven’t worked with any external VCs and accelerator programs.
Foxwoods is owned by Mashantucket Pequot Tribe and appears all set to experiment with the virtual space. Although the company reaps huge profits because of its lucrative geographical position between Boston and New York City, the rising number of upcoming casinos in New York City & other nearby areas is a serious threat to its profitability.
This creates a lot of pressure on Foxwoods and the company plans to move online. In fact, this is the best way to innovate and make pace with the fast moving world of technology that has already affected most of the sectors including partial effects in gambling.
President and CEO of Foxwoods Resort Casino, Felix Rappaport said in a statement, “Foxwoods is thrilled to partner with Victory Square Ventures, joining two of the most innovative minds in the gaming industry,”
“The Living Lab is an exciting enterprise that represents not only the next step in Foxwoods’ gaming evolution but our commitment to leading the transformation of the industry as a whole and continuously giving guests unique experiences that excite. This is the future of gaming.” He adds.
The upcoming project will be a great retreat for all the eurobet lovers. As the two experts of their fields meet, the results are already being counted to be beyond expectations.