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Penn National Gaming has achieved a major milestone with the launch of theScoreBet's proprietary technology stack.

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Wyomissing & Toronto, PA-(Business wire)-Penn National Gaming, Inc. (Nasdaq: PENN) (“Penn National” or “Company”) is its subsidiary Score Digital Sports Ventures (Canada) Inc. Announced that (“theScoreBet”) was launched. A unique risk and trading platform, the culmination of scoring betting strategies to bring sportsbook technology in-house. theScore Bet now runs on a vertically integrated technology stack with all its components, including a risk and trading platform, a player account management system, and a promotion engine custom built by our in-house product and engineering teams.

The move to a unique risk and trading platform will significantly enhance the offering of score betting mobile products in Ontario, including an increase in in-game betting options and event props, and an expansion of the market library. The vertically integrated infrastructure also unleashes better personalization and media and betting integration capabilities, enabling score betting to serve users more creatively and efficiently. In addition, theScore Bet will introduce new Parlay + features to all Major League Baseball sports this fall.

Jay Snowden, CEO and President of Penn National Gaming, said: “The completion of Scorebet’s technology stack is a milestone that significantly enhances online betting capabilities, mobile product offerings, integrated media and the entire betting ecosystem.“ This vertically integrated platform attracts customers. This technology has been introduced in Ontario to increase the ability to maintain and drive more flexible pricing, significantly reduce third-party platform costs, and provide the most personalized product experience on the market. We’re excited to do that and are keen to move the US Barstool Sportsbook to the platform in the third quarter of 2023, after which we’ll be able to take full advantage of our in-house custom-designed technology. increase. ”

“From the beginning, achieving technology independence was our number one priority, and we couldn’t be proud of the great team that built this state-of-the-art platform from scratch,” said Score CEO. One John Levy said. “By operating in a system where all components are custom-built and integrated, speed and efficiency are maximized, significantly increasing the ability to seamlessly deploy new features, betting options and innovations during the busy fall season. We are very pleased to introduce this enhanced product to bettors in Ontario ahead of the competition. ”

About Penn National Gaming

Penn National Gaming, Inc. (Nasdaq: PENN) is one of North America’s leading providers of integrated entertainment, sports content and casino gaming experiences. Penn, a member of S & P500®, has 44 facilities in 20 states, online sports betting in 13 jurisdictions, 5 We operate iCasino in two jurisdictions. ®. Pen’s highly differentiated strategy focused on organic cross-selling opportunities is enhanced by investing in proprietary technologies such as state-of-the-art media and betting platforms, and in-house iCasino content studios. It has been.Our portfolio is my industry leaderSelection Customer loyalty program. Offering over 25 million members a unique set of rewards and experiences across business channels. Penn is committed to fostering a culture that welcomes diverse customers and dedicated team members. The company has consistently been ranked in the top two “First Choice Employees” for the past nine years on the Executive Satisfaction Survey of Bristol Associates-Spectrum Gaming. In addition, Penn has been a good corporate citizen for many years, a trusted and valuable member of the community, and committed to becoming a responsible manager of our limited natural resources.

About score betting

The Score Bet, a wholly owned subsidiary of Penn National Gaming (Nasdaq: PENN), is a native-built mobile sportsbook and casino product launched in Ontario on April 4, 2022. Available on iOS and Android devices, theScore Bet offers an immersive and holistic offering, including a comprehensive range of pre-game and in-play bet types across all major sports leagues and events, mobile. Sports betting experience. It uniquely integrates with the company’s flagship media app, theScore, to provide a range of cutting-edge features that seamlessly integrate media and betting into one ecosystem. TheScore Bet is regulated by the Ontario Alcohol and Gaming Commission and operates in Ontario in accordance with an operating agreement with iGaming Ontario. theScore Bet is an RG Check certified operator and is committed to making the game safe and enjoyable for players.

Description of future prospects

This press release contains “forward-looking statements” in the sense of the Private Securities Litigation Reform Act of 1995. These statements can be identified using forward-looking terms such as “expect,” “believe,” “estimate,” and “project.” “Intention”, “Plan”, “Goal”, “Seek”, “May”, “Do”, “Should”, “Expect”, or the negative of these or similar words Or other variations, or events, strategies or risks and uncertainties due to future discussions. Specifically, forward-looking statements include, but are not limited to, statements regarding the expected success of our online gambling products.

All such statements are subject to risks, uncertainties and changes in circumstances that may have a material impact on our future performance and business. Therefore, we note that forward-looking statements contained in this document are limited by important factors that may cause actual results to differ materially from those reflected in such statements. .. Such factors include: Impact of economic and market conditions in the markets in which we operate. Compete with other entertainment, sports content and casino gaming experiences. Timing, cost, and expected impact of investing in products and technologies. Risks associated with international operations, permits, licenses, financing, approvals, and other contingencies associated with the growth of new or existing jurisdictions. In addition, the additional risks and uncertainties described in our annual report on Form 10-K for the fiscal year ended December 31, 2021. Exchange committee. We have no plans to publicly update our forward-looking statements, except as required by law. Given these risks, uncertainties, and assumptions, the forward-looking events described in this press release may not occur.

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