theScore Bet Secures
Market
Access from Twin River Worldwide Holdings, Inc. to operate Online Casino in New Jersey
TORONTO, August 27, 2020
– Score Media and Gaming Inc. (TSX Venture: SCR)
(“theScore” or “the Company”), is pleased to announce
that its subsidiary, Score Digital Sports Ventures Inc. (“theScore Bet”) has secured market
access to operate an online casino in New Jersey via a multi-year agreement with Twin River Worldwide
Holdings, Inc (NYSE: TRWH) (“Twin River”).
theScore
Bet anticipates
launching its online casino product in New Jersey in the second half of 2021, subject to securing applicable
licensing and regulatory approvals from the New Jersey Division of Gaming Enforcement and the completion of Twin
River's pending acquisition of Bally's Atlantic City Hotel & Casino in Atlantic City, New
Jersey.
“The addition of an online
casino
offering to our award-winning and truly differentiated mobile sports betting platform broadens our reach and
deepens our strong portfolio of assets,” said John Levy,
Founder
and CEO of theScore. “This is yet another step towards providing theScore’s media and betting
patrons with a completely holistic and tightly integrated media and gaming experience.”
“We are
excited to
partner with theScore and to provide
our
Atlantic City guests with a
highly-personalized
i-Gaming experience.” says George
Papanier,
President and CEO of Twin River Worldwide
Holdings.
“We look forward to working with them and engaging our guests as they leverage this new, exciting
platform.”
Under the
agreement,
Twin River will receive a percentage of revenue derived from theScore Bet’s online casino operations in
New Jersey, subject to certain annual minimum guaranteed amounts, an upfront fee, and renewal fees if
applicable. The agreement spans an initial term of 10 years, extendable by a five-year renewal term at
theScore's option and a further five-year renewal term upon mutual agreement of the parties.
Currently
taking wagers
in New Jersey and set to expand into Colorado and, subject to receipt of regulatory approval, Indiana, theScore
Bet (iOS and Android) delivers a
holistic
media and gaming experience and has been uniquely integrated with theScore’s highly-popular sports news
and scores app. Earlier this month, theScore Bet was named Best Online Mobile
Sports
Betting Experience at the
Cynopsis
Sports Media Awards.
For more information:
James Bigg
Sr. Manager, Communications
Score Media and Gaming Inc.
Tel: 416-479-8812 ext. 2366
Email: james.bigg@thescore.com
Benjie Levy
President and COO
Score Media and Gaming Inc.
Tel: 416-479-8812 ext. 2284
Email:
benjie.levy@thescore.com
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
About Score Media and Gaming
Inc.
Score Media and Gaming
Inc. 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. The Company’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. Publicly traded on the TSX Venture Exchange (SCR), theScore also creates and distributes innovative
digital content through its web, social and esports platforms.
About Twin River Worldwide
Holdings,
Inc.
Twin River Worldwide Holdings, Inc. owns
and
manages
nine casinos, two in Rhode Island, two in Mississippi, one in Delaware, one in Missouri and three casinos as
well as a horse racetrack that has 13 authorized OTB licenses in Colorado. Properties include Twin River
Casino
Hotel (Lincoln, RI), Tiverton Casino Hotel (Tiverton, RI), Hard Rock Hotel & Casino (Biloxi, MS), Casino
Vicksburg (formerly Lady Luck Casino Vicksburg in Vicksburg, MS), Dover Downs Hotel & Casino (Dover,
DE),
Casino KC (formerly Isle of Capri Casino in Kansas City, MO), Golden Gates Casino (Black Hawk, CO), Golden
Gulch
Casino (Black Hawk, CO), Mardi Gras Casino (Black Hawk, CO), and Arapahoe Park racetrack (Aurora, CO). Its
casinos range in size from 603 slots and 8 electronic table games to properties with over 4,100 slots,
approximately 125 table games, and 48 stadium gaming positions, along with hotel and resort amenities. Its
shares are traded on the New York Stock Exchange under the ticker symbol "TRWH." For more
information,
visit www.twinriverwwholdings.com.
Forward-looking (safe harbour)
statement
Statements made in this news release that
relate to
future plans, events or performances are forward-looking statements. Any statement containing words such as
“may”, “would”, “could”, “will”, “believes”,
“plans”, “anticipates”, “estimates”, “expects” or
“intends” and other similar statements which are not historical facts contained in this release
are
forward-looking, and these statements involve risks and uncertainties and are based on current expectations.
Such statements reflect theScore’s current views with respect to future events and are subject to
certain
risks, uncertainties and assumptions. Many factors could cause the Company’s actual results,
performance
or achievements to be materially different from any future results, performance or achievements that may be
expressed or implied by such forward looking statements, including among other things, the failure to secure
applicable licensing and regulatory approvals, the failure of Twin River to complete its pending acquisition
of
Bally’s Atlantic City Hotel & Casino in Atlantic City, New Jersey or to secure applicable
licensing
and regulatory approvals, and those which are discussed under the heading “Risk Factors” in the
Company’s Annual Information Form as filed with applicable Canadian securities regulatory authorities
and
available on SEDAR under the Company’s profile at www.sedar.com and elsewhere in documents that
theScore
files from time to time with such securities regulatory authorities, including its Management’s
Discussion
& Analysis. Should one or more of these risks or uncertainties materialize, or should assumptions
underlying
the forward-looking statements prove incorrect, actual results could differ materially from the expectations
expressed in these forward-looking statements. The Company does not intend, and does not assume any
obligation,
to update these forward-looking statements except as required by applicable law or regulatory
requirements.