VIP Play, Inc. secures West Virginia market access, set to launch new VIP Play app in early 2025

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

VIP Play, Inc. (VIPZ) has entered into a definitive agreement with Delaware North for market access to the state of West Virginia for Sports Betting and Online Casino.

SARASOTA, Fla., Dec. 20, 2024 /PRNewswire/ -- VIP Play, Inc. (VIPZ), an experienced mobile gambling operator in both the US and International gaming markets (currently operating in the state of Tennessee as ZenSports) –  has agreed to terms with Delaware North to operate in West Virginia under Delaware North's Wheeling Island Casino license.

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 Tennessee.

Bruce Cassidy, CEO and Chairman of the Board at VIP Play, Inc. says:  "We appreciate Delaware North's access to the wonderful state of West Virginia. This is an ideal market for VIP Play, Inc. to expand into as part of our US expansion efforts. We welcome the addition of online casino – "iGaming" – to our list of offerings within the US and are excited to bring the VIP Play mobile app to West Virginia residents and visitors in 2025.

About VIP Play, Inc.
VIP Play, Inc. (OTC: VIPZ) is an online gaming operator, currently doing business in the state of Tennessee as ZenSports. VIP Play, Inc. boasts a history of innovation within the sports betting industry, exemplified by their proprietary wagering technology and the recently-launched Big Game Sweepstakes, a sweepstakes-style promotion,  exclusive to Tennessee sports bettors.

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.

FAQ

When will VIP Play (VIPZ) launch its operations in West Virginia?

VIP Play plans to launch in West Virginia prior to the 2025 collegiate football season, pending regulatory approval.

What services will VIPZ offer in West Virginia?

VIPZ will offer both Sports Betting and Online Casino (iGaming) services in West Virginia.

Which casino license will VIPZ operate under in West Virginia?

VIPZ will operate under Delaware North's Wheeling Island Casino license in West Virginia.

When will the new VIP Play app launch in Tennessee?

The newly branded and designed VIP Play app is set to debut in Tennessee in early 2025.

What is the revenue sharing structure between VIPZ and Delaware North?

VIPZ will pay Delaware North a percentage of their online net gaming revenue during the term of the agreement, though specific terms were not disclosed.