Noticias de ultima
  • 12.00 Morgan Stanley Lowers Galaxy’s Rating Due to Unexpected Decline in Macau’s General Market Share
  • 12.00 Brazilian Congress delays analysis of vetoes until next week
  • 12.00 Rocío Moitino from AIR DICE: “GAT has developed into a key event for the industry”
  • 12.00 NJ’s online gambling revenue hits new peak while Atlantic City’s physical casino profits falter
  • 12.00 SBC Summit Rio: Salsa Technology's commitment to tailored, robust and secure iGaming solutions
  • 12.00 Chinese authorities repatriate 130 individuals from Cambodia suspected of gambling and fraud
  • 12.00 Amusnet Brings Up Its Excellence at SiGMA AMERICAS
  • 12.00 The evolution of the Bulgarian market, CT Gaming’s position in it, and the top 3 most successful products
  • 12.00 NOVOMATIC was the epicenter of innovation and entertainment at GAT Cartagena
  • 12.00 Aposta Ganha Partners with Fast Track to Enhance Player Engagement in the Brazilian Market
Sportsbook

The Stars Group and Penn National Gaming Enter Agreement for Online Betting and Gaming Market Access

Thursday 01 de August 2019 / 13:16

2 minutos de lectura

(Toronto).- The Stars Group Inc. today announced that it entered into an agreement with Penn National Gaming (Nasdaq: PENN) that grants it options to operate online betting and gaming in states where Penn currently owns or operates casino properties. The agreement covers nine states, which, when combined with The Stars Group's existing market access deals, gives The Stars Group access in up to 20 states. Unless otherwise noted, all dollar ($) amounts are in U.S. dollars.

The Stars Group and Penn National Gaming Enter Agreement for Online Betting and Gaming Market Access

The agreement grants The Stars Group the option to own, operate and brand real-money online sports betting, poker and casino offerings in each of the applicable states subject to license availability, state law and regulatory approvals. As it relates to sports betting, The Stars Group's options currently provide first skin access in Illinois, Indiana, Ohio and Texas, and second skin access in Kansas, New Mexico, Maine, Massachusetts and Michigan.


"We are excited to announce this agreement with Penn, a respected leader in the gaming and racing industry in the United States," said Rafi Ashkenazi, Chief Executive Officer of The Stars Group. "This agreement further extends our market access platform, as we work to establish our FOX Bet business as one of the leaders in the emerging U.S. online betting and gaming market."


Timothy J. Wilmott, Chief Executive Officer of Penn commented, "The Stars Group is one of the world's largest publicly listed online gaming companies. Its agreement with FOX Sports positions it to become a leader in the U.S. industry, and we are excited to work with The Stars Group to capitalize on its proven ability to leverage its products to gain share in the growing market for online gaming."


Under the terms of the agreement, Penn will receive a revenue share from the operation of the applicable offerings by The Stars Group, an up-front cash payment of $12.5 million, and potential additional cash payments upon and following The Stars Group's exercise of each option.

Categoría:Sportsbook

Tags: The Stars Group, Pennsylvania Gaming Control Board, Online Betting,

Event

GAT EXPO CARTAGENA DE INDIAS 2024

09 de April 2024

Rocío Moitino from AIR DICE: “GAT has developed into a key event for the industry”

(Cartagena, SOLOAZAR Exclusive).-After AIR DICE's visit to the twenty-fifth edition of GAT Expo Cartagena 2024 Rocío Moitino, the company's Sales Director, reviews with us the highest points of the successful exhibition that took place at the Center of Las Américas Conventions, Cartagena de Indias, Colombia.

Wednesday 17 Apr 2024 / 12:00

NOVOMATIC was the epicenter of innovation and entertainment at GAT Cartagena

(Gumpoldskirchen).– GAT Expo, one of the flagship events of the Latin American gaming industry, commemorated its 25th anniversary from April 9 to 11 at the Hotel Las Américas in Cartagena de Indias. As a platinum sponsor, NOVOMATIC dazzled with a superb display of solutions, led by the NOVOMATIC Gaming Colombia team, the local subsidiary of the Austrian Group, and with the participation of renowned executives from Peru, Serbia, Austria and Ecuador.

Wednesday 17 Apr 2024 / 12:00

José Aníbal Aguirre tells us why he believes this was the best edition of GAT

(Cartagena, SOLOAZAR Exclusive).- We spoke with José Aníbal Aguirre, the CEO of Gaming & Technology Expo, who cannot help showing his satisfaction at a new edition of GAT in Colombia, which far surpassed last year's. “There was a record attendance, we had the visitors from the two days of last year on one of this one. The growth of the exhibition was 20 or 25% in this new room and this represents great news” explains.

Tuesday 16 Apr 2024 / 12:00

SUSCRIBIRSE

Para suscribirse a nuestro newsletter, complete sus datos

Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.

PODCAST

MÁS CONTENIDO RELACIONADO