theScore Bet Receives Certificate of Registration as an Internet Gaming Operator From the Alcohol and Gaming Commission of Ontario
February 03 2022 - 4:54PM
Business Wire
- Certificate of
Registration Satisfies Another Regulatory Requirement in
Preparation for Offering Internet Sports Betting and iGaming in
Ontario -
Penn National Gaming, Inc. (Nasdaq:
PENN) (“Penn National” or the “Company”) is pleased to announce
that its subsidiary, Score Digital Sports Ventures (Canada) Inc.
(“theScore Bet”), has achieved registration as an internet gaming
operator with the Alcohol and Gaming Commission of Ontario
(AGCO).
“We’re thrilled to be one of the
first operators to receive an internet gaming operator certificate
of registration from the AGCO as we prepare for Ontario’s new
regulated market,” said John Levy, CEO, theScore. “We’ve been and
will continue to be at the forefront as regulated internet gaming
is introduced in Ontario and are beyond excited to be able to bring
theScore Bet to our home market on April 4. Finally, the countdown
to launch has begun.”
theScore Bet was the first
prospective operator in Ontario to secure Gaming Labs International
certification for Ontario, evidencing gaming platform compliance
with the Registrar’s Standards for Internet Gaming, as well as RG
Check iGaming Accreditation from the Responsible Gambling Council
(RGC). Prior to launching its internet gaming services on April 4,
theScore Bet must satisfy all remaining regulatory requirements and
execute an operating agreement with iGaming Ontario.
About Penn National Gaming
With the nation's largest and most diversified regional gaming
footprint, including 44 properties across 20 states, Penn National
is a highly innovative omni-channel provider of retail and online
gaming, live racing and sports betting entertainment. Our
wholly-owned interactive division, Penn Interactive, operates
retail sports betting across the Company's portfolio, as well as
online social casino, bingo, and iCasino products. In February
2020, Penn National entered into a strategic partnership with
Barstool Sports, whereby Barstool is exclusively promoting the
Company's land-based and online casinos and sports betting
products, including the Barstool Sportsbook mobile app, to its
national audience. In addition, in October 2021, Penn National
acquired Score Media and Gaming, Inc. (“theScore”). Combined with
the power of Barstool Sports and theScore, Penn National has become
North America’s leading digital, entertainment, sports content,
gaming and technology company. The Company's omni-channel approach
is further bolstered by its mychoice loyalty program, which rewards
and recognizes its over 24 million members for their loyalty to
both retail and online gaming and sports betting products with the
most dynamic set of offers, experiences, and service levels in the
industry.
About theScore theScore, a
wholly-owned subsidiary of Penn National Gaming, empowers millions
of sports fans through its digital media and sports betting
products. Its media app ‘theScore’ is one of the most popular in
North America, delivering fans highly personalized live scores,
news, stats, and betting information from their favorite teams,
leagues, and players. theScore’s sports betting app ‘theScore Bet’
delivers an immersive and holistic mobile sports betting experience
and is currently available to place wagers in New Jersey, Colorado,
Indiana and Iowa. theScore also creates and distributes innovative
digital content through its web, social and esports platforms.
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. Specifically, forward-looking statements include,
but are not limited to, statements regarding the expected
commencement of regulated online iGaming and sports betting in the
Province of Ontario and theScore Bet’s offering of the same. 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: (a) the ongoing impact of the
COVID-19 pandemic on general economic conditions, capital markets,
unemployment, consumer spending and the Company’s liquidity,
financial condition, supply chain, operations and personnel; and
(b) other factors as discussed in the Company’s Annual Report on
Form 10-K for the year ended December 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/20220203005981/en/
Dan Sabreen Vice President, Communications theScore 917-722-3888
ext. 706 dan.sabreen@thescore.com
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