Penn National Gaming Achieves Major Milestone with Launch of theScore Bet’s Proprietary Technology Stack
25 Julho 2022 - 12:36PM
Business Wire
- theScore Bet Successfully Deploys In-House
Risk and Trading Platform, Significantly Enhancing its Product
Offering in Ontario -
- Custom, End-to-End World Class Gaming
Platform to Power Barstool Sportsbook Beginning in Q3 2023 -
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 launched
its proprietary risk and trading platform, the culmination of
theScore Bet’s strategy to bring its sportsbook technology
in-house. theScore Bet now operates on a vertically integrated
technology stack with all components, including the Risk and
Trading platform, Player Account Management system and Promotion
Engine custom built by its in-house product and engineering
teams.
The migration to its own risk and trading platform significantly
enhances theScore Bet’s mobile product offering in Ontario,
including increased in-game wagering options and event props and an
expanded library of markets. The vertically integrated
infrastructure also unlocks greater personalization and media and
betting integration capabilities, enabling theScore Bet to more
creatively and efficiently serve users. Additionally, theScore Bet
will introduce its new Parlay+ feature this fall for all major
league sports.
“The completion of theScore Bet’s technology stack is a
milestone accomplishment that significantly strengthens our online
betting capabilities, mobile product offerings and overall
integrated media and betting ecosystem,” said Jay Snowden, CEO and
President, Penn National Gaming. “This vertically integrated
platform will increase our ability to engage and retain customers,
drive more flexible pricing, provide valuable savings on third
party platform costs, and allow us to deliver the most personalized
product experience in the market. We’re thrilled to have this
technology deployed in Ontario and are diligently working toward
migrating the Barstool Sportsbook in the U.S. to the platform in Q3
2023, after which we will begin to realize the full benefits of our
in-house, custom designed technology.”
“From the outset, achieving technology independence has been a
core priority of ours and I could not be prouder of the incredible
team who built this state-of-the-art platform from the ground up,”
said John Levy, CEO of theScore. “Operating on a system where all
components are custom built to work together maximizes our speed
and efficiency and supercharges our ability to seamlessly roll out
new features, wagering options and innovations. We are extremely
excited to introduce this enhanced product to Ontario bettors well
ahead of the busy fall season.”
About Penn National Gaming
Penn National Gaming, Inc. (Nasdaq: PENN) is North America’s
leading provider of integrated entertainment, sports content and
casino gaming experiences. A member of the S&P 500®, Penn
operates 44 properties in 20 states, online sports betting in 13
jurisdictions and iCasino in five under a portfolio of
well-recognized brands including Hollywood Casino®, L’Auberge®,
Barstool Sportsbook® and theScore Bet®. Penn’s highly
differentiated strategy, which is focused on organic cross-sell
opportunities, is reinforced by its investments in owned
technology, including a state-of-the-art media and betting platform
and an in-house iCasino content studio. The Company’s portfolio is
further bolstered by its industry-leading mychoice customer
loyalty program, which offers its over 25 million members a unique
set of rewards and experiences across business channels. Penn is
deeply committed to fostering a culture that welcomes a diverse set
of customers and dedicated team members. The Company has been
consistently ranked in the top two as “Employer of First Choice”
over the last nine years in the Bristol Associates-Spectrum
Gaming’s Executive Satisfaction Survey. In addition, as a
long-standing good corporate citizen, Penn is also committed to
being a trusted and valued member of its communities and a
responsible steward of our finite natural resources.
About theScore Bet
theScore Bet, a wholly owned subsidiary of Penn National Gaming
(Nasdaq: PENN), is a natively built mobile Sportsbook and Casino
product that launched in Ontario on April 4, 2022. Available on iOS
and Android devices, theScore Bet delivers an immersive and
holistic mobile sports betting experience, including a
comprehensive range of pregame and in-play bet types across all
major sports leagues and events. It uniquely integrates with the
company’s flagship media app, theScore, to provide a suite of
cutting-edge features that seamlessly bring media and betting
together in one ecosystem. theScore Bet is regulated by the Alcohol
and Gaming Commission of Ontario and operates in Ontario pursuant
to an operating agreement with iGaming Ontario. theScore Bet is an
RG Check accredited operator and is committed to making gaming safe
and fun for its players.
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 using 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
success of the Company’s online betting products.
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: the effects of economic
conditions and market conditions in the markets in which the
Company operates; competition with other entertainment, sports
content, and casino gaming experiences; the timing, cost and
expected impact of product and technology investments; risks
relating to international operations, permits, licenses,
financings, approvals and other contingencies in connection with
growth in new or existing jurisdictions; and additional risks and
uncertainties described in the Company’s Annual Report on Form 10-K
for the year ended December 31, 2021, 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. Considering 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/20220725005655/en/
For more information Eric Schippers Senior Vice
President, Public Affairs Penn National Gaming 610/373-2400 Dan
Sabreen Vice President, Communications theScore 917-722-3888 ext.
706 dan.sabreen@thescore.com
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