Score Media and Gaming Inc. Successfully completed its US initial public offering (IPO), placing 6.9 million of company’s Class A Subordinate Voting Shares and gaining $186.3 million in gross proceeds. Last month, theScore announced it launched a public offering of company stock in both Canada and the US as part of its IPO in the US, including filing for application to list the. If you or someone you know has a gambling problem and wants help, please visit The best sports app ever.
TORONTO, April 12, 2019 – theScore, Inc. (TSX Venture: SCR) (“theScore”) today welcomed proposals by Ontario’s Progressive Conservative government to legalize online gambling in the province. The plans, presented in the provincial government’s budget, also included support for the legalization of single event sports wagering at the federal level.
With one of the most popular sports apps in North America, theScore is set to become the first media company in North America to launch a sportsbook in the United States after federal legislation prohibiting sports betting was overturned by the U.S. Supreme Court in May 2018. theScore’s sports betting platform is scheduled to launch in New Jersey mid-2019.*
Late Thursday, in the Progressive Conservative Government’s “A Plan for the People” provincial budget, proposals were advanced to “establish a competitive market for online legal gambling that will reflect consumer choice while protecting consumers who play on these websites.” The provincial government will now consult with key stakeholders over its plans. In addition, the province confirmed it had already asked the federal government to take action to legalize single event sports wagering. Its full announcement can be read here.
John Levy, Founder and CEO of theScore, said he fully supported proposals to finally modernize outdated prohibition laws in the country and said the Company would be prepared to offer online sports betting to Ontarians when legislation permitted.
“theScore has always embraced the fact that sports betting is part of the overall fan experience, and it is finally time for jurisdictions across Canada to adopt common sense sports betting regulation,” he said. “We applaud the Ontario government for taking this very significant first step. As we prepare for the launch of our sportsbook in the United States, we intend to actively participate in the Ontario government’s consultation process.
“theScore is already a highly-recognized brand in Canadian mobile sports, and the most popular mobile sports app in the country. We’ll be ready to provide Canadian fans with a best-in-class mobile sports betting experience when the opportunity arises.”
Top trusted online casinos. theScore app, which is used by more than four million sports fans a month and is one of the leading multisport news and data apps in North America, is available in the App Store and on Google Play and offers news, scores, alerts and stats for every major league and competition, including betting line movements for leagues including NBA Basketball, NFL Football, NHL Hockey and MLB Baseball.
*Subject to receiving all required approvals and licenses from the State of New Jersey Division of Gaming Enforcement (DGE) and the New Jersey Racing Commission (NJRC).
For more information:
James Bigg
Sr. Manager, Communications
theScore, Inc.
Tel: 647-638-9281
Email: [email protected]
James Bigg
Sr. Manager, Communications
theScore, Inc.
Tel: 647-638-9281
Email: [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
About theScore
theScore’s mission is to create highly-engaging digital products and content that empowers the sports fan’s experience. Its flagship mobile app ‘theScore’ is one of the most popular multi-sport news and data apps in North America, serving millions of fans a month. The Company also creates innovative digital sports experiences through its web, social, and esports platforms, and in December 2018 announced plans to launch a mobile sportsbook in the United States.
theScore’s mission is to create highly-engaging digital products and content that empowers the sports fan’s experience. Its flagship mobile app ‘theScore’ is one of the most popular multi-sport news and data apps in North America, serving millions of fans a month. The Company also creates innovative digital sports experiences through its web, social, and esports platforms, and in December 2018 announced plans to launch a mobile sportsbook in the United States.
Forward-looking (safe harbour) statement
Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement containing words such as “may”, “would”, “could”, “will”, “believes”, “plans”, “anticipates”, “estimates”, “expects” or “intends” and other similar statements which are not historical facts contained in this release are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Such statements reflect theScore’s current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Live game online casino. Many factors could cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward looking statements, including among other things, those which are discussed under the heading “Risk Factors” in the Company’s Annual Information Form and Short-form Prospectus as filed with the TSX Venture Exchange and available on SEDAR at www.sedar.com and elsewhere in documents that theScore files from time to time with securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results could differ materially from the expectations expressed in these forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as required by applicable law or regulatory requirements.
Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement containing words such as “may”, “would”, “could”, “will”, “believes”, “plans”, “anticipates”, “estimates”, “expects” or “intends” and other similar statements which are not historical facts contained in this release are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Such statements reflect theScore’s current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Live game online casino. Many factors could cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward looking statements, including among other things, those which are discussed under the heading “Risk Factors” in the Company’s Annual Information Form and Short-form Prospectus as filed with the TSX Venture Exchange and available on SEDAR at www.sedar.com and elsewhere in documents that theScore files from time to time with securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results could differ materially from the expectations expressed in these forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as required by applicable law or regulatory requirements.
When sports gambling effectively became legal outside of Nevada following the Supreme Court decision striking down a federal ban, it really just became a matter of “when” in how sports media companies would figure out how to make money off of it. Many of the predictions we made about how media companies could capitalize on the trend are already coming true. CBS said in August it was already starting to see ad revenue in states where sports gambling had been legalized (a revenue source expected to bloom in the years to come). Major networks are also slowly starting to let odds and gambling talks seep into the discussion during broadcasts. And programs such as Bleacher Report’s Simms and Lefkoe: The Show brought a gambling focus with it as media companies tried to step into the sports gambling space head-on.
The expansion into that space continued Monday with Sports media company theScore Inc.’s announcement that they would launch a New Jersey sports betting app at some point in 2019.
Thescore Gambling Canada
TheScore is a mobile-first media company that offers sports scores and news via an app and website, much in the same way you might find on ESPN or CBSSports.com. Where they plan to differentiate themselves now is by harnessing sports fans’ insatiable interesting gambling information and coupling with their usual offerings of scores and reports.
The way that TheScore is getting into sports betting takes form in two different partnerships. First, they’ve partnered with Monmouth Park Racetrack in Oceanport, New Jersey, one of three racetracks currently licensed for sports betting in the state. Second, they’re working with startup Bet.Works in order to provide a sports betting platform through their site and app. This trio will work together to create an app which will allow users to place bets online.
The sports betting app will require approval from the NJ Division of Gaming Enforcement and the New Jersey Racing Commission. However, TheScore believes they’ll be able to launch it sometime around mid-2019.
“This is a transformational moment for theScore, becoming the first media company in North America to announce its plans to launch online and mobile sports betting in the United States,” said John Levy, founder and CEO of theScore. “Sports betting has long been part of our company DNA in how we’ve delivered content to fans. Providing the ability to actually bet on games is the natural next phase for theScore.”
It’s going to make for an interesting case study for the company as well as the industry as a whole. It’s unclear how this specific app will work but imagine checking the daily news and updates about today’s games and then being able to place a bet right there before going back to checking box scores and the latest stories.
TheScore will also have a decent pool of testers to choose from. They currently have over four million active users on their app, not to mention an even larger database of past users to tap into. Per Legal Sports Report, the company also reached 50 million sports fans on their various platforms in Q3 and send out 1.5 billion sports-centric alerts every month. They also have 3.4 million Facebook followers, so they’re going to be able to reach a lot of sports fans with their proposition.
The Score Gambling
If this gambit pays off, expect to see them try it out on the other states where online betting is or soon will be legal (Nevada, Pennsylvania, and West Virginia). You can also bet that other sports media companies are going to take notice and try it out as well. Odds are good they’ll do well too since New Jersey sports betting operators generated $21.2 million in revenue on $330 million in wagers in November alone.
Score Gaming Stock
[Legal Sports Report]