Thescore Gambling
Canadian sportsbook operator Score Media and Gaming Inc., announced an initial public offering in the United States.
The company, more commonly known as theScore, will list its shares on the Nasdaq under the symbol, “SCR.”
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The Score Gambling
And with theScore Bet already live in several U.S. market, including New Jersey, the move makes sense.
TheScore also praised the House of Commons last week for passing a vote on Bill C-218 – a private member’s bill that would decriminalize single-game sports betting in Canada. The legislation. Score Media and Gaming Inc. Is a publicly traded digital media company based in Toronto, Canada. It was founded in 2012 by John S. Levy, the company’s current Chief Executive Officer and Chairman. TheScore Graduates to Nasdaq, Announces 5 Million-Share US IPO. Posted on: February 22, 2021, 03:16h. Last updated on: February 25, 2021, 08:58h. Sports News NFL NHL MLB NBA & more theScore.com. Stunning collapse sees No. 1 seed Barty fall to Muchova in quarterfinals.
Colorado, Indiana, and Iowa are the others. And more states are on the horizon.
More on theScore IPO
According to the press release, Score Media said it plans to sell five million Class A shares in the US IPO.
And while the American component is new, the stock market part is not.
The Canadian company is already publicly traded on the Toronto Stock Exchange under the same ticker symbol.
A quarterly earnings call in January was an early indication of a dual listing on US and Canadian markets.
“We believe a U.S. listing would benefit our business and shareholders as we seek to further execute on the growing opportunity in the rapidly developing North American sports betting market,” John Levy, founder and CEO of theScore, said in a statement.
What’s theScore in NJ?
TheScoreBet app went live in the Garden State in 2019. It marked the company’s American debut, too.
TheScore operates under Monmouth Park Racetrack’sNJ sports betting license.
It’s one of three online skins. The others are William Hill and SugarHouse.
But theScore has big plans to expand its New Jersey footprint.
The company is preparing to enter NJ’s online casino market sometime this year.
Score Media and Bally’s Corp., announced an iGaming deal in 2020. State gaming regulators still need to approve Score Media and Gaming for an online casino license.
Going public with iGaming, sports betting
Similar to other gaming companies that have started to offer public shares, They will join a growing list of online gambling brands. The list currently includes:
- DraftKings
- Rush Street Interactive (SugarHouse)
- Golden Nugget Online Gaming
Score Media is the latest looking to capitalize on the growth of iGaming and sports betting.
Here is more from Levy:
“TheScore is uniquely positioned to grow our footprint and capitalize on the expansion of legalized sports betting and iGaming across the U.S. and Canada.”
Canadian betting and sports media business theScore has announced that its Score Digital Sports Ventures (theScore Bet) subsidiary has become a platinum member of the US National Council on Problem Gambling (NCPG).
As a platinum member, theScore will work with the organization to increase public awareness of gambling addiction and campaign for greater treatment for those who suffering from gambling-related harm.
The operator will also join other NCPG members in calling for further research and programs to prevent gambling problems.
theScore’s general counsel and chief compliance officer Josh Sidsworth said the new membership reaffirms the operator’s commitment to responsible gambling as it seeks to expands its theScore Bet brand across North America.
“The NCPG serves as an important voice in championing responsible gaming and we are proud to support the organization and its ongoing mission,” Sidworth said.
“Partnering with the NCPG further deepens our commitment to responsible gaming, providing valuable resources as legal mobile sports betting and iGaming continue to grow across North America.”
NCPG executive director Keith Whyte added: “theScore’s broad reach and commitment to responsible gaming will be a tremendous asset to NCPG as we continue to raise awareness around problem gambling and the resources available to support those impacted.”
The membership agreement come after theScore last month began trading on the Toronto Stock Exchange. Trading under the ‘SCR’ stock ticker, the launch came following its graduation from the TSX Venture Exchange.
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