Penn National Gaming Announces Sports Betting Partnership With Sportradar for National Football League Data
July 01 2020 - 7:00AM
Business Wire
Penn National Gaming, Inc. (NASDAQ: PENN) (“Penn National” or
the “Company”) announced today that it has entered into a
partnership with Sportradar, the global provider of sports data and
content, to use official National Football League (“NFL”) data on
the Company’s sports betting platforms. As part of the partnership,
Penn National has the ability to offer a wide array of live,
in-game wagering options on NFL games at its retail sports betting
locations and on its Barstool Sportsbook app, which is expected to
launch in the third quarter of 2020.
“We are thrilled to be partnering with Sportradar for NFL data
in advance of the upcoming football season,” said Jon Kaplowitz,
Senior Vice President of Penn National’s interactive gaming
division. “Delivering official NFL data to our growing, loyal
audience, including over 66 million Barstool fans and our 20
million casino customers, will provide tremendous wagering
opportunities where we operate sports books across the
country.”
The partnership will allow Penn National to use the official NFL
play-by-play data feed for live in-game wagers on the Company’s
sports betting platforms.
“Penn National is at the forefront of sports betting in the US,
and we are delighted to extend our partnership to include official
NFL data,” said Neale Deeley, Vice President of US Sales and
Gaming, Sportradar. “We look forward to working together and
providing a unique betting experience for their loyal customers
during the upcoming NFL season and beyond.”
About Penn National Gaming
Penn National Gaming owns, operates or has ownership interests
in 41 gaming and racing properties in 19 states and video gaming
terminal operations with a focus on slot machine entertainment. We
also offer live sports betting at our properties in Indiana, Iowa,
Michigan, Mississippi, Nevada, Pennsylvania, and West Virginia. The
Company will soon launch its Barstool Sports book app and products,
allowing it to leverage the Barstool brand and marketing engine to
drive meaningful market share, as the product is introduced across
our leading customer loyalty program, mychoice, with 20 million
casino customers and Barstool's audience of over 66 million loyal
fans. In total, Penn National’s properties feature approximately
50,000 gaming machines, 1,300 table games and 8,800 hotel rooms. In
addition, the Company operates an interactive gaming division
through its subsidiary, Penn Interactive Ventures, LLC, which
launched iCasino in Pennsylvania and, through strategic
partnerships, operates online sports betting in Indiana,
Pennsylvania and West Virginia.
About Sportradar
Sportradar is the leading global provider of sports data
intelligence. Established in 2001, the company occupies a unique
position at the intersection of the sports, media and betting
industries, providing sports federations, news media, consumer
platforms and sports betting operators with a range of solutions to
help grow their business. Sportradar employs over 2,000 people in
more than 30 locations around the world. It is our commitment to
excellent service, quality and reliability that makes us the
trusted partner of more than 1,000 companies in over 80 countries
and official partner of the NBA, NFL, NHL, MLB, NASCAR, FIFA and
UEFA. We monitor, analyze and deliver insights from more than
400,000 matches annually across 60 sports. With deep industry
relationships, Sportradar is not just redefining the sports fan
experience; it also safeguards the sports themselves through its
Integrity Services division and advocacy for an integrity-driven
environment for all involved.
Forward-looking Statements
This press release contains "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of
1995. These statements can be identified by the use of
forward-looking terminology such as "expects," "believes,"
"estimates," "projects," "intends," "plans," "goal," "seeks,"
"may," "will," "should," or "anticipates" or the negative or other
variations of these or similar words, or by discussions of future
events, strategies or risks and uncertainties. Such statements are
all subject to risks, uncertainties and changes in circumstances
that could significantly affect the Company's future financial
results and business. Accordingly, the Company cautions that the
forward-looking statements contained herein are qualified by
important factors that could cause actual results to differ
materially from those reflected by such statements. Such factors
include, but are not limited to, risks related to the following:
(a) the timing of the launch of the Company’s sports betting app,
which may be delayed; (b) the expected financial returns and
benefits from the Company’s online and retail sports betting and
iCasino products, including the benefits from the Company’s
investment in Barstool Sports; (c) the impact of significant
competition from other companies for online sports betting, iGaming
and retail sportsbooks; (d) the magnitude and duration of the
impact of the COVID-19 pandemic (including reoccurences) on capital
markets, general economic conditions, unemployment, consumer
spending and the Company's liquidity, financial condition, supply
chain, operations and personnel; (e) the reopening of the Company's
gaming properties are subject to various conditions, including
numerous regulatory approvals and potential delays and operational
restrictions and requirements (including mandated health
requirements associated with COVID-19); and (f) other factors
included in "Risk Factors" of the Company's Annual Report on Form
10-K for the year ended December 31, 2019, the Company's Quarterly
Report on Form 10-Q for the quarter ended March 31, 2020,
subsequent Quarterly Reports on Form 10-Q and Current Reports on
Form 8-K, each as filed with the U.S. Securities and Exchange
Commission. The Company does not intend to update publicly any
forward-looking statements except as required by law. In light of
these risks, uncertainties and assumptions, the forward-looking
events discussed in this press release may not occur.
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version on businesswire.com: https://www.businesswire.com/news/home/20200701005087/en/
Eric Schippers Sr. Vice President – Public Affairs
610/378-8321
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