Tropicana owner to buy sports media and gaming company in $2B deal

The relation of 2 Las Vegas Valley hotel-casinos is acceptable to get Score Media and Gaming successful a woody worthy $2 billion, the 2 companies announced Thursday.

The statement betwixt Penn National Gaming and Score Media and Gaming is expected to adjacent aboriginal adjacent year, according to the associated announcement. Penn National, based successful Wyomissing, Pennsylvania, operates Tropicana Las Vegas connected the Strip and M Resort successful the confederate Las Vegas Valley.

Penn National CEO and President Jay Snowden said the woody with Toronto-based Score Media and Gaming, oregon theScore, volition make a “powerful complement” to its existing concern with Barstool Sports.

“We are present uniquely positioned to seamlessly service our customers with the astir almighty ecosystem of sports, gaming and media successful North America, yet creating a assemblage that doesn’t presently exist,” Snowden said successful a statement. “Users volition bask a unsocial mobile sports betting and iCasino level with highly customized bets and enhanced in-gaming wagering opportunities, on with highly engaging, personalized sports and amusement content, and existent clip scores and stats.”

Penn National and theScore person partnered since 2019, theScore Chairman and CEO John Levy said successful the associated statement. TheScore has an “innovative, technology-led integrated media and gaming business” that sets up the institution good up of a commercialized sports betting rollout successful Canada, helium said.

“I’m arrogant of theScore squad and each of our accomplishments, and judge the clip is close to instrumentality the adjacent measurement and align with a institution successful Penn National with the resources and standard to accelerate our business,” Levy said. “We are excited to articulation forces with Penn to signifier the astir almighty media and gaming institution successful North America.”

This is simply a processing story. Check backmost for updates.

Contact Mike Shoro astatine mshoro@reviewjournal.com oregon 702-387-5290. Follow @mike_shoro connected Twitter.