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theScore Secures Market Access for Mobile Sports Betting in Colorado
BusinessWire - 1 hour ago
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 U.S. 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."
J.J. 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 successive 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 that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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