VIP Play, Inc. secures West Virginia market access, set to launch new VIP Play app in early 2025
VIP Play (VIPZ) has secured market access to West Virginia through a definitive agreement with Delaware North for Sports Betting and Online Casino operations.
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Rhea-AI Summary
VIP Play (VIPZ) has secured market access to West Virginia through a definitive agreement with Delaware North for Sports Betting and Online Casino operations. The company will operate under Delaware North's Wheeling Island Casino license, paying a percentage of online net gaming revenue. VIPZ, currently operating in Tennessee as ZenSports, plans to launch in West Virginia before the 2025 collegiate football season, coinciding with the release of their newly branded VIP Play app in early 2025. This expansion marks the company's entry into iGaming within the US market.
Positive
- Market expansion into West Virginia, adding a second US state to operations
- Addition of iGaming (online casino) to existing sports betting offerings
- Strategic partnership with established gaming operator Delaware North
Negative
- Revenue sharing agreement with Delaware North will impact profit margins
- Launch dependent on pending regulatory approval
- Significant wait time until early 2025 launch
Details
News Market Reaction – VIPZ
The recorded move for VIPZ in the trading session of this news was +42.86%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
VIP Play, Inc. (VIPZ) has entered into a definitive agreement with Delaware North for market access to the state of
Delaware North is a global hospitality and entertainment company with a significant gaming division, including a portfolio of regional casinos in eight states.
As part of the agreement, VIPZ will pay Delaware North a percentage of their online net gaming revenue during the term of the agreement.
The agreement marks the start of VIP Play's 2025 US expansion efforts, and the team expects to launch in West Virginia (pending regulatory approval) prior to the 2025 collegiate football season and in coordination with the development of the newly branded and designed VIP Play app, set to debut in early 2025 in
Bruce Cassidy, CEO and Chairman of the Board at VIP Play, Inc. says: "We appreciate Delaware North's access to the wonderful state of
About VIP Play, Inc.
VIP Play, Inc. (OTC: VIPZ) is an online gaming operator, currently doing business in the state of
About Delaware North
Delaware North is a global leader in the hospitality and entertainment industry. The company annually serves more than a half-billion guests across three continents, including at high-profile sports venues, airports, national and state parks, restaurants, resorts, hotels and casinos. Building on more than a century of enduring partnerships and a commitment to local communities and sustainability, Delaware North's vision is to delight guests by creating the world's best experiences today while reimagining tomorrow. Learn more about Delaware North at www.DelawareNorth.com.
View original content:https://www.prnewswire.com/news-releases/vip-play-inc-secures-west-virginia-market-access-set-to-launch-new-vip-play-app-in-early-2025-302337191.html
SOURCE VIP Play, Inc.
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