Penn National Gaming (PENN) Issues Statement Following Announcement That Ontario's Regulated Sports Betting and iGaming Market Will Open to Private Operators on April 4

January 28, 2022 4:24 PM EST

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Penn National Gaming, Inc. (Nasdaq: PENN) (“Penn National” or the “Company”) issued the following statements from President and CEO Jay Snowden and theScore CEO John Levy after the Ontario government’s announcement that the Province will officially open the market for sports betting and iGaming to private operators on April 4, 2022.

“Our team at theScore has been hard at work preparing for the Ontario market opening, which presents a significant business opportunity,” said Jay Snowden, President and CEO of Penn National. “As Canada’s preeminent digital sports media brand, theScore is uniquely positioned to capitalize on the introduction of the open and regulated internet gaming market in Ontario, its home territory. Launching theScore Bet in Ontario will mark an exciting expansion of our online gaming business into a major new market where we already have an established mobile sports media product in theScore app and a wide base of loyal users. Today’s news is very exciting, and I would like to recognize and congratulate the government of Ontario and the AGCO and iGaming Ontario for their dedication to creating a modern open and regulated sports betting and iGaming market.”

“We commend the Ontario government for their tireless efforts throughout this process and are thrilled to now have a confirmed launch date,” said John Levy, CEO, theScore. “The AGCO and iGaming Ontario have been thoughtful and collaborative in their approach to creating and managing this new industry, and the result is a soon-to-be-launched framework that will bring widespread benefits to Ontarians and establish Ontario as one of the biggest and most important regulated gaming markets in North America. We will be ready to launch theScore Bet in Ontario on April 4 and could not be more excited to finally offer our best-in-class mobile sports betting and iGaming experience to customers in our home province.”

Prior to offering sports betting and iGaming services in Ontario, theScore Bet must satisfy all regulatory requirements imposed by the AGCO and enter into a commercial agreement with iGaming Ontario. theScore Bet previously announced that it received Gaming Labs International certification for Ontario, evidencing gaming platform compliance with the Registrar’s Standards for Internet Gaming which satisfied a key pre-launch requirement.



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