TORONTO– (BUSINESS WIRE) -#media—Score Media and Gaming Inc. (TSX Venture: SCR) ("theScore") is pleased to announce that it has secured market access to offer mobile sports betting in Colorado via an agreement executed last night with a subsidiary of US gaming operator Jacobs Entertainment Inc. ( "JEI"). Subject to receiving all relevant licenses and approvals from the Colorado Division of Gaming, the Company anticipates launching its mobile sportsbook, theScore Bet, in Colorado later this year.
"We can't wait to introduce theScore Bet to fans in Colorado later this year," said John Levy, Founder and CEO of theScore. "We've already seen exciting early momentum from our mobile sportsbook in our launch state of New Jersey. Now we are focused on its multi-state rollout while driving ongoing product innovations to further strengthen the connection between our media and gaming platforms, leveraging our incredibly powerful and highly-engaged sports app audience. "
JJ Garcia, Vice President of Colorado Operations of JEI, said: "theScore is a market leader in mobile innovation. Their sports app is already one of the most popular in North America and, with theScore Bet, they are now leading the way in the integration of digital media and sports betting to deliver a revolutionary and holistic experience for fans. Their visionary and unique approach truly sets them apart and we're thrilled to partner with them. "
Under the agreement, JEI will receive a percentage of revenue derived from theScore Bet's mobile sports betting operations in Colorado, subject to certain annual minimum guaranteed amounts, and an initial upfront fee. The agreement spans an initial term of 10 years, extendable for two subsequent five-year renewal terms, at theScore's option.
Launched in September 2019, theScore Bet made history by becoming the first mobile sportsbook created by a media company in North America. Natively built and currently supporting wagering in New Jersey, theScore Bet is a comprehensive mobile sports betting platform that has been uniquely integrated with theScore's sports app to create a seamless media and gaming ecosystem.
theScore continues to unveil new innovations within its media and gaming ecosystem, and in November 2019 launched FUSE by theScore, a suite of innovative integrations creating even faster and tighter navigation between theScore and theScore Bet, including the ability for users to create betslips from inside its sports app for the first time.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as it is defined in the TSX Venture Exchange policies) accepted 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 Betdelivers an immersive and holistic mobile sports betting experience. Natively built for iOS and Android devices, theScore Bet is deeply integrated with theScore's average app and is currently available to place wagers in New Jersey. Publicly traded on the TSX Venture Exchange (SCR), theScore also provides innovative digital content through its web, social and export platforms.
Forward-looking (safe harbor) 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 these are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Such statements reflect theScore's current view with uncertainty and assumptions. Many factors could cause the Company's actual results, achievements or achievements to be materially different from future results, performance or achievements that may be expressed or implied Factors ”in the Company's Annual Information Form and Short-form Prospectus as filed with the TSX Venture Exchange and available on SEDAR at www.sedar.com and elsewhere in documents that theScore files from time to time with securities regulatory authorities. Should these risks or uncertainties materialize, or should be 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.
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