theScore Bet Receives Certificate of Registration as an Internet Gaming Operator from the Alcohol and Gaming Commission of Ontario
– The certificate of registration satisfies another regulatory requirement in preparation for the provision of online sports betting and gaming over the Internet in Ontario –
WYOMISSING, Pennsylvania and TORONTO, February 03, 2022–(BUSINESS WIRE)–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”), ahas obtained registration as an Internet gaming operator with the Alcohol and Gaming Commission of Ontario (AGCO).
“We are thrilled to be one of the first operators to receive an Internet Gaming Operator Registration Certificate from the AGCO as we prepare for Ontario’s new regulated market,” said John Levy. , CEO of theScore. “We have been and will continue to be at the forefront of bringing regulated online gaming to Ontario and we are more than excited to be able to bring theScore Bet to our home market on April 4th. Finally, the account to launch countdown has begun.”
theScore Bet was the first potential operator in Ontario to obtain Gaming Labs International Certified for Ontario, certifying the Gaming Platform’s compliance with the Registrar’s Standards for Internet Gaming, as well as RG Check iGaming Accreditation Responsible Gaming Council (RGC). Before launching its Internet gaming services on April 4, theScore Bet must meet all remaining regulatory requirements and sign an operating agreement with iGaming Ontario.
About Penn National Gaming
With the largest and most diverse regional gaming footprint in the nation, comprising 44 properties in 20 states, Penn National is a highly innovative omnichannel provider of retail and online gaming, live racing and sports betting. Our wholly-owned interactive division, Penn Interactive, operates retail sportsbooks 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 exclusively promotes the company’s land-based and online casinos and sportsbook products, including the Barstool Sportsbook mobile app, to its domestic audience. Additionally, 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 the North American leader in digital, entertainment, sports content, games and technology. The company’s omnichannel approach is further enhanced by its mychoice loyalty program, which rewards and recognizes its more than 24 million members for their loyalty to retail and online gaming and sports betting products with the entire the most dynamic offerings, experiences and service levels. in industry.
theScore, a wholly owned subsidiary of Penn National Gaming, empowers millions of sports fans through its digital media and sports betting products. Its “theScore” multimedia app is one of the most popular in North America, providing fans with highly personalized live scores, news, stats and betting information from their favorite teams, leagues and players. TheScore’s sports betting app “theScore Bet” provides an immersive and holistic mobile sports betting experience and is currently available to place bets in New Jersey, Colorado, Indiana and Iowa. theScore also creates and distributes innovative digital content through its web, social and esports platforms.
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements can be identified by the use of forward-looking words such as “expects”, “believes”, “believes ‘, ‘projects’, ‘intends’, ‘plans’, ‘aims’, ‘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 thereon. These statements are all subject to risks, uncertainties and changes in circumstances that could materially affect the future financial results and operations of the Company. 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 in such statements. These factors include, but are not limited to: (a) the continued impact of the COVID-19 pandemic on general economic conditions, capital markets, unemployment, consumer spending and liquidity, financial condition , the Company’s supply chain, operations and personnel; and (b) other factors as discussed in the company’s annual report on Form 10-K for the fiscal year ended December 31, 2020, subsequent quarterly reports on Form 10-Q and current reports on Form 8- K, each as filed with the United States Securities and Exchange Commission. The Company does not intend to publicly update 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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