Penn National Gaming Secures Sports Betting and Online Casino Market Access in New York Through Strategic Partnership With Rivers Casino
Penn National Gaming, Inc. (PENN: Nasdaq) (Penn National or the Company) announced today that it has entered into a 20-year strategic partnership with Capital Region Gaming, LLC d/b/a Rivers Casino & Resort that will provide Penn Interactive, a wholly owned subsidiary of Penn National, with second skin access to the New York mobile sports betting and iCasino market, subject to legislation being enacted and regulatory approvals.
- Penn National Gaming, Inc. (PENN: Nasdaq) (Penn National or the Company) announced today that it has entered into a 20-year strategic partnership with Capital Region Gaming, LLC d/b/a Rivers Casino & Resort that will provide Penn Interactive, a wholly owned subsidiary of Penn National, with second skin access to the New York mobile sports betting and iCasino market, subject to legislation being enacted and regulatory approvals.
- We are hopeful that the New York State Assembly will follow those leading revenue producing states that allow for multiple skins for mobile sports betting.
- A state the size of New York certainly warrants open competition and a free market approach, said Mr. Kaplowitz.
- Our wholly-owned interactive division, Penn Interactive, operates retail sports betting across the Company's portfolio, as well as online social casino, bingo, and iCasino products.