1. The Score Gambling
2. Thescore Gambling Stock
3. Score Gaming Stock
4. The Score Gambling

Source: theScore investor presentation. A few years ago, when PASPA was repealed, management had to decide whether it wanted to direct users to other sportsbooks via ads or build its own sportsbook. TheScore Bet reserves the right to suspend or close any market at any time (notwithstanding any parts of the Betting Rules) and may void wagers in a market or void an entire market, subject to restrictions on voiding wagers as may be set by the applicable regulatory authorities. TheScore Bet reserves the right to refuse any wager. Sports News NFL NHL MLB NBA & more theScore.com. Stunning collapse sees No. 1 seed Barty fall to Muchova in quarterfinals.

Canadian media and sports betting company, Score Media and Gaming (OTC: TSCRD), better known as theScore, is planning a listing on a major exchange in the U.S.

TheScore managed to place 6 million Class A Shares plus 900,000 in over-allotment to underwriters, at $27 per share The company received in excess of $186 million in gross proceeds from the IPO Net proceeds will be used to fund working capital and market expansion for theScore Bet. TheScore operates under Monmouth Park Racetrack’s NJ 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.

What Happened: Score Media and Gaming is filing to list five million shares and go public on the Nasdaq with the ticker 'SCR.' Shares of the company trade on the TSX in Canada and OTC in the U.S.

Net proceeds will be used from the IPO will be used as working capital and for the company’s continued growth expansion in the U.S. and Canada.

Why It’s Important: The listing from Score Media and Gaming in the U.S. comes as the company has a strong presence in the country already and is seen as a possible winner from the legalization of single-game sports betting in Canada.

The Score Gambling

“A key advantage to the listing will be increased brand visibility in the U.S., which in turn should lead to more exposure for the company’s media properties and sports betting products,” Roundhill Investment’s Matias Dorta told Benzinga.

Thescore Gambling Stock

Score Media and Gaming is a portfolio holding in the Roundhill Sports Betting & iGaming ETF (NYSE: BETZ).

“The combination of media powerhouse and sports betting product will continue to prove itself as very advantageous,” Dorta added.

Score Media and Gaming operates theScore Bet online sports betting app in the states of New Jersey, Colorado, Indiana and Iowa, and was the first media company to also become a sportsbook when it was launched in New Jersey.

The company has a deal in place with Penn National Gaming, Inc. (NASDAQ: PENN) granting Score Media and Gaming access to a possible 11 states over the next 20 years. The deal with Penn National includes upfront fees, additional payments for new state legalizations and a percentage of net gaming revenue.

Penn National took a 4.7% equity stake in Score Media and Gaming in 2019 as part of the deal.

Related Link: Why This Canadian Sports Media Stock Has A Lot Going For It

Canada Sports Betting: In Canada, Score Media and Gaming could have similar success that Penn National Gaming has seen by leveraging its strong media platform and following into sports betting.

Since Penn National Gaming purchased a 36% stake last year in sports media brand Barstool Sports, the acquisition has been considered a success for Penn National in growing its user base and launching its online sportsbook with minimal marketing costs.

“The biggest takeaway from the Penn x Barstool acquisition has been the ability to leverage Barstool’s organic content engine to drive meaningful activity to Barstool Sportsbook app,” Dorta said.

TheScore is a top 30,000 website that gets around 20% of its traffic from Canada, Dorta added. “I believe theScore can leverage their organic traffic from their website and social media channels and drive users to their sports betting product in Canada when it launches.”

Price Action: Shares of Score Media and Gaming were down 2% to $29.90 on Tuesday. Shares of the media and sports betting company are up over 400% in the last year.

(Photo: theScore)

Score Gaming Stock

The Score Gambling

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