Score Media and Gaming Inc. announced today that its subsidiary, Score Digital Sports Ventures, also known as theScore Bet, has secured market access to operate an online casino in New Jersey via a multi-year agreement with Twin River Worldwide Holdings.
theScore Bet anticipates launching its New Jersey online casino in the second half of 2021, subject to licensing and regulatory approvals from the Division of Gaming Enforcement and the completion of Twin River’s pending acquisition of Bally’s Atlantic City.
“The addition of an online casino offering to our mobile sports betting platform broadens our reach and deepens our strong portfolio of assets,” said John Levy, Founder and CEO of theScore.
Under the agreement, Twin River will receive a percentage of revenue derived from theScore Bet’s online casino, with 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.
