Score Media and Gaming Inc 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.
theScore Bet anticipates launching its online casino product in the Garden State 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.
John Levy, Founder and CEO of theScore, commented on the move, saying: “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.
“This is yet another step towards providing theScore’s media and betting patrons with a completely holistic and tightly integrated media and gaming experience.”
George Papanier, President and CEO of Twin River Worldwide Holdings, noted: “We are excited to partner with theScore and to provide our Atlantic City guests with a highly-personalized igaming experience. We look forward to working with them and engaging our guests as they leverage this new, exciting platform.”
Under the terms of 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.