Penn National Makes Major Sports Betting Push With New Deals

www.oann.com | 6/14/2018 | Staff
blacky (Posted by) Level 3
NEW YORK (Reuters) – Casino operator Penn National Gaming Inc on Wednesday announced a spate of partnerships with sports book operators, including with digital sports media company theScore Inc., giving the partners access to sports betting markets across the United States in exchange for fees, equity and a share of betting revenues.

Through the agreement, theScore will be able to operate its soon-to-launch mobile app in 11 states where sports wagering is now or will soon be legal.

Addition - Penn - National - Partners - DraftKings

In addition, Penn National will give new partners DraftKings Inc, PointsBet USA Inc and The Stars Group Inc access to certain states where Penn National operates.

Kambi Group plc was selected to run Penn National’s own land-based and online sportsbooks.

Newcomer - Operations - Toronto - Media - Outlet

TheScore, a newcomer to sportsbook operations based in Toronto, is the only media outlet in North America to say that it will become a bookie itself. It is on track to launch its sportsbook this fall in New Jersey before football season begins.

Other media companies have stepped somewhat more cautiously into the sports betting space since a U.S. Supreme Court decision in May 2018 that overturned a federal ban on the activity in most places outside of Nevada. Ten states now offer live, legal sports...
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