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proposals to finally modernize outdated prohibition laws in the country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.”
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).
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.
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. 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.
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