Statement from PENN Entertainment on the One Year Anniversary of Ontario’s Regulated Online Gaming Market
PENN Entertainment (“PENN”), is pleased to issue the following statement from Benjie Levy, Head of PENN Interactive and President and COO of theScore, to mark the one-year anniversary on April 4th of Ontario opening its regulated online gaming market and theScore Bet launching in its home province.
“We’ve enjoyed an incredibly successful first year of operation, in which Ontario has become PENN’s top performing market in North America. theScore Bet resonated with customers in the same way our sports media app has for years, resulting in consistent, strong performance across sports betting and online casino. Delivering a superior and safe customer experience remains our top priority and we will continue to enhance and innovate our products to provide users with the ultimate integrated media and betting offering.
“It’s been a busy year that included securing an exclusive deal with the Blue Jays, executing a first-of-its-kind activation at the RBC Canadian Open, completing our proprietary technology stack and moving into a new 80,000-square-foot office space at the Waterfront Innovation Centre in downtown Toronto to support our growing workforce and operation. We’re proud to continue investing in our home market and building our technology driven business with accomplished homegrown talent.
“Ontario has quickly become one of the most robust and competitive online gaming markets in North America. We commend the Alcohol and Gaming Commission of Ontario (AGCO) and iGaming Ontario (iGO) for the successful establishment of a regulated online gaming framework that provides important consumer protections, features comprehensive responsible gaming measures and contributes to economic development throughout the province.
“As Canada’s first province to establish a legal market for private operators, Ontario has distinguished itself, while proving the widespread benefits that derive from a consumer friendly and commercially minded framework. We believe Ontario’s successful model provides a road map for other provinces to modernize their online gaming frameworks and stamp out the illegal grey market.”
About PENN Entertainment
PENN Entertainment, Inc. (Nasdaq: PENN) is North America’s leading provider of integrated entertainment, sports content and casino gaming experiences. PENN operates 43 properties in 20 states, online sports betting in 16 jurisdictions and iCasino in five jurisdictions under a portfolio of well-recognized brands including Hollywood Casino®, L’Auberge®, Barstool Sportsbook® and theScore Bet Sportsbook and Casino®. PENN’s highly differentiated strategy, which is focused on organic cross-sell opportunities, is reinforced by its investments in market-leading retail casinos, sports media assets, technology, including a state-of-the-art, fully integrated digital sports and online casino 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 our approximately 26 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 Entertainment (Nasdaq: PENN), is a natively built mobile Sportsbook and Casino product that launched in Ontario on April 4, 2022. Available on mobile and desktop, 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.
# # #
For more information:
Dan Sabreen
Vice President, Communications
theScore
917-722-3888 ext. 706
dan.sabreen@thescore.com