TIPICO SPORTSBOOK ANNOUNCES MULTI-STATE ACCESS DEAL WITH CAESARS
On the heels of a multi-state product launch in Colorado, Tipico announces new state access in Indiana and Iowa through an agreement with Caesars Entertainment
HOBOKEN, NJ (September 13, 2021) – Tipico, a global sportsbook operator, is excited to announce a new multi-state market access partnership agreement with Caesars Entertainment. The 10-year deal, which has a 10-year renewal term, includes immediate state access for Tipico to launch online sports betting in Indiana and Iowa, pending state licensing and approvals, with path to expand to additional states in the future. In Indiana, Tipico will partner with Harrah’s Hoosier Park Racing & Casino, and in Iowa, the sportsbook will partner with Isle Casino Hotel Bettendorf. The deal also includes certain rights to iGaming market access, pending legislative approval for online casino operations in each state.
“We are excited to announce Tipico’s multi-state market access partnership with Caesars Entertainment, which marks an important step as we continue to expand our U.S. footprint,” said Adrian Vella, CEO, Tipico U.S. “We look forward to establishing our brand presence in the mid-west, and introducing our highly scalable, proprietary multi-state sports betting experience to players in Indiana and Iowa.”
The Caesars partnership is the latest in a series of recent advances in the United States for the German market leader. Tipico Sportsbook is currently live in Colorado and New Jersey, providing a seamless cross-state experience in a single app that will include a common user wallet as the company expands nationwide. In July 2021, Tipico announced a historic partnership with Gannett, which granted Tipico exclusive access to the power of the USA TODAY NETWORK, consisting of more than 250 daily local sites, and its USA TODAY Sports Media Group, including in-depth USA TODAY Sports coverage across the country. The five-year agreement marked Tipico as the exclusive sports betting and iGaming provider for Gannett, with integration of odds, props, free to play games and betting trends across the USA TODAY NETWORK. Tipico also recently announced their intention to open a technology hub in Denver, Colorado, which will bring hundreds of jobs to the area to support the company’s rapid growth.
Tipico’s VP of Business Development and Strategy, Stephen Krombolz, adds: “This new market access agreement with Caesars Entertainment is another exciting step forward for Tipico as we continue to connect with more U.S bettors. Indiana and Iowa are key states in our early expansion plans but there is certainly more to come, and we look forward to announcing additional partnerships later this year.”
The company expects to launch their mobile sports betting app in Iowa during Q4 ’21 and Indiana in Q1 ’22, pending regulatory approvals. Tipico will also be launching an online casino product in New Jersey this fall, and anticipates the announcement of additional state market access agreements before the end of this year.
For more information, please visit: www.tipico.com/us.
About Tipico U.S.
Tipico is a U.S. sportsbook originally founded in Europe in 2004. As the leading sports betting provider in Germany and one of the top sports betting companies worldwide, the company offers digital and mobile betting entertainment across 30 different sports and invests heavily in the development of technologies that make the sports betting experience better and safer, placing the highest value on player protection. The Tipico Group of companies employs over 1,800 people worldwide and another 4,200 people working in the Tipico associated franchise network. In the United States, Tipico is regulated by the New Jersey Division of Gaming Enforcement and has established U.S. operations and business headquarters in Hoboken, New Jersey. Tipico has partnered with Ocean Casino and Resort in Atlantic City for New Jersey licensing and is regulated by the Colorado Division of Gaming for its operations in Colorado, which is in partnership with Century Casinos for licensing in the state. The brand is also the exclusive sports betting and iGaming provider for Gannett, with integration across the USA Today Network. For more information, please visit www.tipico.com/us, or www.tipico-group.com.
Caesars Entertainment, Inc. is the largest casino-entertainment company in the US and one of the world's most diversified casino-entertainment providers. Since its beginning in Reno, NV, in 1937, Caesars Entertainment, Inc. has grown through development of new resorts, expansions and acquisitions. Caesars Entertainment, Inc.'s resorts operate primarily under the Caesars®, Harrah's®, Horseshoe®, and Eldorado® brand names. Caesars Entertainment, Inc. offers diversified gaming, entertainment and hospitality amenities, one-of-a-kind destinations, and a full suite of mobile and online gaming and sports betting experiences. All tied to its industry-leading Caesars Rewards loyalty program, the company focuses on building value with its guests through a unique combination of impeccable service, operational excellence and technology leadership. Caesars is committed to its employees, suppliers, communities and the environment through its PEOPLE PLANET PLAY framework. Know When To Stop Before You Start.® Gambling Problem? Call 1-800-522-4700. For more information, please visit. www.caesars.com/corporate.