Blog

TORONTO, May 11, 2020 – Score Media and Gaming Inc. (TSX Venture: SCR) (“theScore” or “the Company”), is pleased to announce that the Indiana Gaming Commission (“IGC”) has granted its subsidiary, Score Digital Sports Ventures Inc., a temporary Sports Wagering Vendor license. Receipt of this temporary license is the first step of a multi-stage regulatory approval and licensing process which must be satisfied before the Company may offer wagering on theScore Bet in Indiana.

theScore secured market access to offer mobile sports betting in Indiana via its previously announced agreement with Penn National Gaming Inc. and anticipates launching theScore Bet in Indiana later this year, subject to the satisfaction by theScore and its technology vendors of the IGC’s applicable regulatory requirements.


For more information:

James Bigg
Sr. Manager, Communications
Score Media and Gaming Inc.
Tel: 416-479-8812 ext. 2366
Email: [email protected]

Josh Sidsworth
General Counsel & CCO
Score Media and Gaming Inc.
Tel: 416-479-8812 ext. 2368
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 Score Media and Gaming Inc.
Score Media and Gaming Inc. empowers millions of sports fans through its digital media and sports betting products. Its media app ‘theScore’ is one of the most popular in North America, delivering fans highly-personalized live scores, news, stats, and betting information from their favorite teams, leagues, and players. The Company’s sports betting app ‘theScore Bet’ delivers an immersive and holistic mobile sports betting experience. Natively built for iOS and Android devices, theScore Bet is deeply integrated with theScore’s media app and is currently available to place wagers in New Jersey. Publicly traded on the TSX Venture Exchange (SCR), theScore also creates and distributes innovative digital content through its web, social and esports platforms.

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 as filed with applicable Canadian securities regulatory authorities and available on SEDAR under the Company’s profile at www.sedar.com and elsewhere in documents that theScore files from time to time with such securities regulatory authorities, including its Management’s Discussion & Analysis. 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.

Tags: None

TORONTO, April 22, 2020 – Score Media and Gaming Inc. (TSX Venture: SCR) (“theScore” or the “Company”), is pleased to announce the appointment of veteran sports business and marketing executive Brian Cooper to its Board of Directors.

Mr. Cooper, Chairman of award-winning marketing agency MKTG Canada and former senior executive of Maple Leaf Sports and Entertainment, joins the Board with immediate effect and will support the Company as it continues to grow its sports media and gaming operations across North America.

“Brian brings with him an immense amount of experience and entrepreneurial success as a sports marketer and operator across North America,” said John Levy, Founder and CEO of theScore. “We’re thrilled to welcome him to the Board and to leverage his expertise as we continue to reinforce our position as a leader in mobile sports media, sports betting and esports.”

An inductee to the Sponsorship Marketing Council of Canada’s Hall of Fame, Mr. Cooper launched and built MKTG Canada, brokering over $1 billion in sponsorships and spearheading its sale to Dentsu Aegis. Prior to that, he served as VP, Business Development and Operations for MLSE, helping launch the Toronto Raptors’ expansion franchise. He also serves as Chair of Canada Basketball, an advisor to the Wayne Gretzky Foundation and sits on the Advisory Board of Playmaker Capital.

“theScore has become one of the biggest names in sports media, both in Canada and the US, and they are primed to achieve the same success with their gaming operations,” said Mr. Cooper. “This is a truly exciting time to be joining the Board of a company that has always played at the cutting-edge, and I look forward to supporting John and his team in realizing their vision.”

Concurrently, the Company also announced that Lorry Schneider and Mark Zega would be stepping down from the Board with immediate effect.

“Both Lorry and Mark have served as highly-valued and long-time members of our Board, and I greatly appreciate their dedication and contributions to our growth and success,” added Mr. Levy. “On behalf of the entire Board, I thank them for all their service.”

For more information:
James Bigg
Sr. Manager, Communications
Score Media and Gaming Inc.
Tel: 647-638-9281
Email: [email protected]

Benjie Levy
Chief Operating Officer
Score Media and Gaming Inc.
Tel: 416-479-8812 ext. 2284
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 Score Media and Gaming Inc.
Score Media and Gaming Inc. empowers millions of sports fans through its digital media and sports betting products. Its media app ‘theScore’ is one of the most popular in North America, delivering fans highly-personalized live scores, news, stats, and betting information from their favorite teams, leagues, and players. The Company’s sports betting app ‘theScore Bet’ delivers an immersive and holistic mobile sports betting experience. Natively built for iOS and Android devices, theScore Bet is deeply integrated with theScore’s media app and is currently available to place wagers in New Jersey. Publicly traded on the TSX Venture Exchange (SCR), theScore also creates and distributes innovative digital content through its web, social and esports platforms.

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.

Tags: None

TORONTO, April 22, 2020 – Score Media and Gaming Inc. (TSX Venture: SCR) (“theScore” or the “Company”), today announced the financial results for the three and six months ended February 29, 2020.

“We saw great momentum across our core media and gaming operations in Q2 F2020, including exciting growth in sports betting handle, a new Q2 record for engagement on our sports app, powerful reach on our social channels, and continued esports audience growth,” said John Levy, Founder and CEO of theScore.  “We now find ourselves in an unprecedented time, facing the rapidly evolving COVID-19 pandemic and the total disruption to global sports events that it has caused.

“Our first priority has been to protect the safety and well-being of our team, which led us to quickly implement a mandatory work-from-home policy for all staff in mid-March. At the same time, we have been responding to the anticipated revenue impact of the sudden disruption in the sports calendar by aggressively managing our costs and availing ourselves of applicable government programs. By moving early and decisively, we have been able to keep our team at full strength, empowering them to continue to keep sports fans as engaged, entertained and informed as possible, and to execute on our key product development priorities, which will position us well for when sports resume.”

Q2 F2020 Highlights

  • theScore achieved a new Q2 record for engagement on its sports app. Average monthly sessions reached 453 million during Q2 F2020, year-over-year growth of 15%, with users opening it an average of 110 times a month each. Average monthly active users also grew year-over-year to 4.1 million.
  • The Company continued to execute on product and corporate development initiatives to support the growth and multi-state rollout of theScore Bet, which launched in New Jersey in September 2019 and generated handle[1] of $13.8 million in Q2 F2020, growth of 58% over the previous quarter:
  • theScore secured market access to offer mobile sports betting in Colorado via an agreement with a subsidiary of U.S. gaming operator Jacobs Entertainment Inc. The Company anticipates launching theScore Bet in Colorado, as well as in Indiana under its market access framework agreement with Penn National Gaming, later this year subject to receiving all relevant licenses and approvals. The Company also continues to pursue additional market access opportunities across the United States.
  • theScore became an Authorized Sports Betting Operator of the National Basketball Association in a new multi-year partnership, providing the Company with access to official NBA betting data, including league marks and logos, for its mobile sports betting app, theScore Bet.
  • theScore continued to execute on product roadmap initiatives to further enhance theScore Bet user experience. These included the addition of new sports and markets, as well as product enhancements to create even faster and tighter navigation between its media and gaming platforms, building on the launch of FUSE in Q1 F2020.
  • Total video views of theScore esports’ video content across all platforms reached 78 million in Q2 F2020, year-over-year growth of 91%, reinforcing its position as the leading independent provider of esports video content.
  • theScore’s social sports content across Twitter, Facebook, and Instagram reached approximately 91 million users in Q2 F2020. theScore also added approximately 625,000 followers on its TikTok account during Q2, and last month surpassed 1M followers on the platform.

“On theScore Bet both handle and gross gaming revenue continued to grow off the back of continued enhancements to our user experience, including support for more sports, even more betting options, and deeper integrations between our media and gaming platforms, setting us up perfectly as we continue to expand into states beyond New Jersey,” said Levy.

“It was also a record Q2 for user sessions on our sports app, with monthly active users up year-over-year for the second quarter running. Furthermore, we also saw more powerful reach on our social and esports channels, which continue to drive strong engagement despite the mass disruption to traditional sports caused by the COVID-19 pandemic.”

COVID-19 Operational Update
The Company is actively responding to the rapidly evolving COVID-19 pandemic by taking measures to ensure the health and safety of its team members, and to mitigate the business impact on the Company caused by the unprecedented postponement, suspension or cancellation of global sporting events.

The Company has successfully adopted a mandatory work-from-home program as of March 16, 2020. As substantially all of the Company’s day-to-day activities can be fully performed by personnel working remotely, the Company is able to remain fully operational during this period. The Company continues to execute on its product development roadmap, including its plans to expand its sports betting platform, theScore Bet, to Indiana and Colorado later this year upon receipt of all applicable regulatory approvals, in anticipation of the resumption of sporting events. At the same time, the Company is actively producing sports content designed to engage users on theScore app and its social channels during this period when live sports are on hiatus. In addition, theScore’s esports content team continues to develop and output new and innovative video content for its growing cross-channel audience, led by YouTube.

Due to the fluidity of the COVID-19 pandemic and the uncertainty of its magnitude, outcome and duration, the Company is unable to definitively quantify its potential impact on theScore. In the near-term, given the current disruption to the sports calendar, the Company does expect a decline in revenue beginning in Q3 F2020 compared to the prior year. In response, the Company is taking measures to manage costs, including the reduction of operating expenses and the exploration of applicable government programs. As part of these efforts, earlier this month, every member of theScore’s management team agreed to forego 25% of their salary from May 1 to August 31, 2020 in exchange for an equivalent grant of Restricted Stock Units (“RSU”) in the Company, with a variation of this program also being made available on an optional basis to all full-time staff.

Financial Results
Total revenue for Q2 F2020 was $6.7 million compared to $6.8 million for the same period last year, while total revenue for the six months ended February 29, 2020 was $15.9 million compared to $16.3 million for the same period last year. Revenues from media activities for the three months ended February 29, 2020 and February 28, 2019 were each $6.8 million respectively, while revenues for media activities for the six months ended February 29, 2020 and February 28, 2019 were $16.1 million and $16.3 million respectively. Growth in direct advertising revenue was offset by a decline in programmatic revenue, primarily the result of reduced demand from a programmatic partner who, prior to January 2019, was a significant buyer of the Company’s programmatic revenue, and more limited programmatic inventory in New Jersey and surrounding states following the launch of theScore Bet.

Gaming handle was $13.8 million in Q2 F2020, versus $8.8 million in Q1 F2020, and $22.6 million for the six months ended February 29, 2020. Gross gaming revenue[2] was $443,000 in Q2 F2020 and $685,000 for the six months ended February 29, 2020. When taking into account promotional costs and fair value adjustments on unsettled bets, this resulted in negative net gaming revenue[3] of $195,000 and $221,000 for the three and six months ended February 29, 2020.

EBITDA loss in Q2 F2020 was $8.6 million versus EBITDA loss of $2.2 million for the same period last year. EBITDA loss for the six months ended February 29, 2020 was $13.4 million versus EBITDA loss of $1.2 million in the same period last year. The increase in EBITDA loss was primarily the result of additional expenses incurred in connection with the launch and expansion of our gaming operations.

Audience Metrics
User sessions of theScore sports app on iOS and Android reached 453 million in Q2 F2020, year-over-year growth of 15% and a new all-time record for Q2. This represents 110 app sessions-per-user-per-month on a base of 4.1 million average monthly app users.

Total video views of theScore esports’ video content across all platforms reached 78 million in Q2 F2020, year-over-year growth of 92%. Total watch hours for theScore esports’ YouTube channel reached 5.1 million, year-over-year growth of 19%. An additional 127,000 YouTube subscribers were added during the period, with total channel subscribers now exceeding 1.2 million.

theScore’s social sports content across Twitter, Facebook, and Instagram achieved an average monthly reach of approximately 91 million in Q2 F2019. After launching on the popular video-sharing social networking service TikTok towards the end of Q4 F2019, theScore’s TikTok account now exceeds 1,000,000 followers and has quickly become one of the most popular sports media accounts on the platform.

Issuance of Restricted Share Units
In connection with the aforementioned salary modification plan, theScore announced that the board of directors has today granted 2,320,749 restricted stock units (RSUs) to employees of the Company, including 632,918 RSUs to directors and officers of the Company as follows: Norwest Video Inc. (135,022 RSUs); Benjamin Levy (81,224 RSUs); Hecham Ghazal (63,292 RSUs); Alvin Lobo (69,621 RSUs); Josh Sidsworth (68,566  RSUs); John Albright (33,756 RSUs); Brian Cooper (33,756 RSUs); Ralph Lean (46,414 RSUs); Mark Scholes (46,414 RSUs); and Thomson Associates Inc. (54,853 RSUs).  Each RSU entitles the holder to receive one Class A Subordinate Voting Share issued from treasury on May 5, 2020, the date of vesting, in accordance with the terms and conditions of the Company’s Amended & Restated Stock Option and Restricted Stock Unit Plan. 

Financial Statements and Management’s Discussion and Analysis
Score Media and Gaming Inc. reports its financial results in Canadian dollars, unless otherwise indicated.  The Company’s unaudited interim consolidated financial statements, accompanying notes, and Management’s Discussion and Analysis for the three and six months ended February 29, 2020 are prepared in accordance with International Financial Reporting Standards (“IFRS”) and are available on the Company’s Investor Relations page.

Conference Call & Webcast
theScore will host a conference call and webcast at 4:30pm EST on Wednesday, April 22 where management will review the Company’s F2020 Q2 results, followed by a Q&A session:

Conference Call Dial-In
Local: +1 (647) 689-5637
Toll Free North America: +1 (877) 396-4208
Conference ID: 6175268

The conference call will also be webcast live. Register now here.

Instant Replay
Local: +1 (416) 621-4642
Toll Free North America: +1 (800) 585-8367
Conference ID: 6175268

For more information:
James Bigg
Sr. Manager, Communications
Score Media and Gaming Inc.
Tel: 647-638-9281
Email: [email protected]

Alvin Lobo
Chief Financial Officer
Score Media and Gaming Inc.
Tel: 416-479-8812
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 Score Media and Gaming Inc.
Score Media and Gaming Inc. empowers millions of sports fans through its digital media and sports betting products. Its media app ‘theScore’ is one of the most popular in North America, delivering fans highly-personalized live scores, news, stats, and betting information from their favorite teams, leagues, and players. The Company’s sports betting app ‘theScore Bet’ delivers an immersive and holistic mobile sports betting experience. Natively built for iOS and Android devices, theScore Bet is deeply integrated with theScore’s media app and is currently available to place wagers in New Jersey. Publicly traded on the TSX Venture Exchange (SCR), theScore also creates and distributes innovative digital content through its web, social and esports platforms.

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.

[1] Handle is calculated as the total amount of money bet by customers in respect of bets that have settled in the applicable period.  Handle does not include free bets or other promotional incentives, nor money bet by customers in respect of bets that are open at period end.

[2] Gross gaming revenue is calculated as dollar amounts bet by customers less the dollar amounts paid out to customers in respect of such bets which have settled in the applicable period.

[3] Net gaming revenue is calculated as gross gaming revenue, less free bets, promotional costs, bonuses and fair value adjustments on open bets.

Tags: None

TORONTO, April 15, 2020 – Score Media and Gaming Inc. (TSX Venture: SCR) (“theScore”) plans to release its Q2 F2020 financial results at market close on Wednesday April 22, 2020.

theScore will also host a conference call and webcast at 4:30pm ET that day where management will review the Company’s results, followed by a Q&A session with analysts.

Conference Call Dial-In
Local: +1 (647) 689-5637
Toll Free North America: +1 (877) 396-4208
Conference ID: 6175268

There will also be a live webcast of the conference call. Register now here.

For more information:

James Bigg
Sr. Manager, Communications
Score Media and Gaming Inc.
Tel: 647-638-9281
Email: james.[email protected]

Alvin Lobo
Chief Financial Officer
Score Media and Gaming Inc.
Tel: 416-479-8812 ext. 2206
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 Score Media and Gaming Inc.
Score Media and Gaming Inc. empowers millions of sports fans through its digital media and sports betting products. Its media app ‘theScore’ is one of the most popular in North America, delivering fans highly-personalized live scores, news, stats, and betting information from their favorite teams, leagues, and players. The Company’s mobile sports betting app ‘theScore Bet’ delivers an immersive and holistic mobile sports betting experience. Natively built for iOS and Android devices, theScore Bet is deeply integrated with theScore’s media app and is currently available to place wagers in New Jersey. Publicly traded on the TSX Venture Exchange (SCR), theScore also creates and distributes innovative digital content through its web, social and esports platforms.

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.

TORONTO, March 5, 2020 – Score Media and Gaming Inc. (TSX Venture: SCR) (“theScore” or “the Company”), is pleased to announce that the Colorado Limited Gaming Control Commission today granted its subsidiary, Score Digital Sports Ventures Inc., a temporary Internet Sports Betting Operator license. Receipt of this temporary license is the first step of a multi-stage regulatory approval process which must be satisfied before the Company may offer wagering on theScore Bet in Colorado.

theScore secured market access to offer mobile sports betting in Colorado via its previously announced agreement executed in January with a subsidiary of U.S. gaming operator Jacobs Entertainment Inc. and anticipates launching theScore Bet in Colorado in the coming months, subject to satisfying all regulatory requirements.

For more information:
James Bigg
Sr. Manager, Communications
Score Media and Gaming Inc.
Tel: 647-638-9281
Email: [email protected]

Josh Sidsworth
General Counsel & CCO
Score Media and Gaming Inc.
Tel: 416-479-8812
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 Score Media and Gaming Inc.
Score Media and Gaming Inc. empowers millions of sports fans through its digital media and sports betting products. Its media app ‘theScore’ is one of the most popular in North America, delivering fans highly-personalized live scores, news, stats, and betting information from their favorite teams, leagues, and players. The Company’s sports betting app ‘theScore Bet’ delivers an immersive and holistic mobile sports betting experience. Natively built for iOS and Android devices, theScore Bet is deeply integrated with theScore’s media app and is currently available to place wagers in New Jersey. Publicly traded on the TSX Venture Exchange (SCR), theScore also creates and distributes innovative digital content through its web, social and esports platforms.

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.

TORONTO, January 24, 2020 – Score Media and Gaming Inc. (TSX Venture: SCR) (“theScore”) is pleased to announce that it has secured market access to offer mobile sports betting in Colorado via an agreement executed last night with a subsidiary of U.S. gaming operator Jacobs Entertainment Inc. (“JEI”). Subject to receiving all relevant licenses and approvals from the Colorado Division of Gaming, the Company anticipates launching its mobile sportsbook, theScore Bet, in Colorado later this year.

“We can’t wait to introduce theScore Bet to fans in Colorado later this year,” said John Levy, Founder and CEO of theScore. “We’ve already seen exciting early momentum from our mobile sportsbook in our launch state of New Jersey. Now we are focused on its multi-state rollout while driving ongoing product innovations to further strengthen the connection between our media and gaming platforms, leveraging our incredibly powerful and highly-engaged sports app audience.”

J.J. Garcia, Vice President of Colorado Operations of JEI, said: “theScore is a market leader in mobile innovation. Their sports app is already one of the most popular in North America and, with theScore Bet, they are now leading the way in the integration of digital media and sports betting to deliver a revolutionary and holistic experience for fans. Their visionary and unique approach truly sets them apart and we’re thrilled to partner with them.”

Under the agreement, JEI will receive a percentage of revenue derived from theScore Bet’s mobile sports betting operations in Colorado, subject to certain annual minimum guaranteed amounts, and an initial upfront fee. The agreement spans an initial term of 10 years, extendable for two successive five-year renewal terms, at theScore’s option.

Launched in September 2019, theScore Bet made history by becoming the first mobile sportsbook created by a media company in North America. Natively built and currently supporting wagering in New Jersey, theScore Bet is a comprehensive mobile sports betting platform that has been uniquely integrated with theScore’s sports app to create a seamless media and gaming ecosystem.

theScore continues to unveil new innovations within its media and gaming ecosystem, and in November 2019 launched FUSE by theScore, a suite of innovative integrations creating even faster and tighter navigation between theScore and theScore Bet, including the ability for users to create betslips from inside its sports app for the first time.

For more information:
James Bigg
Sr. Manager, Communications
Score Media and Gaming Inc.
Tel: 647-638-9281
Email: [email protected]

Benjie Levy
President and COO
Score Media and Gaming Inc.
Tel: 416-479-8812
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 Score Media and Gaming Inc.
Score Media and Gaming Inc. empowers millions of sports fans through its digital media and sports betting products. Its media app ‘theScore’ is one of the most popular in North America, delivering fans highly-personalized live scores, news, stats, and betting information from their favorite teams, leagues, and players. The Company’s sports betting app ‘theScore Bet’ delivers an immersive and holistic mobile sports betting experience. Natively built for iOS and Android devices, theScore Bet is deeply integrated with theScore’s media app and is currently available to place wagers in New Jersey. Publicly traded on the TSX Venture Exchange (SCR), theScore also creates and distributes innovative digital content through its web, social and esports platforms.

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.

Tags: None

TORONTO, January 22, 2020 – Score Media and Gaming Inc. (TSX Venture: SCR) (“theScore”) today announced that it has become an Authorized Sports Betting Operator of the National Basketball Association (“NBA”) in a new multiyear partnership.

Effective immediately, theScore will gain access to official NBA betting data, including league marks and logos, for its mobile sports betting app, theScore Bet.

“We’re delighted to work with the NBA to create new and exciting sports betting experiences for basketball fans,” said John Levy, Founder and CEO of theScore. “This collaboration will help us enhance our offering as we work to provide theScore’s highly engaged media app users a best-in-class integrated betting experience.”

“theScore is aligned with the NBA on our mission to create the best possible fan experience,” added Scott Kaufman-Ross, the NBA’s Senior Vice President, Head of Fantasy & Gaming. “This partnership will provide our passionate fans with deeper engagement from a company innovating across the spectrum of sports media and betting.”

theScore and the NBA will also work together on best-in-class practices to protect the integrity of NBA games.

theScore (iOS and Android) flagship sports app has over 4.3 million monthly active users and can be downloaded worldwide. Launched in September, theScore Bet (iOS and Android) is the first mobile sportsbook to be created and launched by a media company in North America. Natively built, it is a comprehensive mobile sports betting platform currently operating in New Jersey.

For more information:
James Bigg
Sr. Manager, Communications
Score Media and Gaming 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 Score Media and Gaming Inc.
Score Media and Gaming Inc. empowers millions of sports fans through its digital media and sports betting products. Its media app ‘theScore’ is one of the most popular in North America, delivering fans highly-personalized live scores, news, stats, and betting information from their favorite teams, leagues, and players. The Company’s mobile sports betting app ‘theScore Bet’ delivers an immersive and holistic mobile sports betting experience. Natively built for iOS and Android devices, theScore Bet is deeply integrated with theScore’s media app and is currently available to place wagers in New Jersey. Publicly traded on the TSX Venture Exchange (SCR), theScore also creates and distributes innovative digital content through its web, social and esports platforms.

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.

Tags: None

TORONTO, January 22, 2020 – Score Media and Gaming Inc. (TSX Venture: SCR) (“theScore”), today announced the financial results for the three months ended November 30, 2019 in accordance with International Financial Reporting Standards (“IFRS”). All financial information in this press release is reported in Canadian dollars, unless otherwise indicated. 

Highlights

  • theScore made history by becoming the first sports media company in North America to create and launch a mobile sportsbook. theScore Bet went live in New Jersey ahead of the NFL Football season and generated $8.8 million in handle[1] in Q1 F2020, its first three months of operation. Natively built for iOS and Android devices, theScore Bet has been integrated with the company’s flagship sports app to create a unique media and gaming ecosystem.
  • The company continued to execute on product and corporate development initiatives to support the growth and multi-state rollout of its gaming operations:
  • The company launched FUSE by theScore, a unique product development initiative introducing a new suite of innovative integrations linking its media and sports betting platforms. FUSE allows users to create a betslip from within theScore’s sports app via native integrations embedded directly into box score pages. Additional integrations within its chat pages were also added, with ongoing innovations to further enhance navigation between theScore’s media and gaming platforms due to be rolled-out throughout F2020 and beyond.
  • Subject to receiving all required licenses and approvals, the Company anticipates launching theScore Bet in Indiana under its multi-state market access framework agreement with Penn National Gaming later this year, with other states to follow. theScore also continued to pursue additional market access opportunities for theScore Bet across the United States.
  • theScore further strengthened its leadership team to support the multi-state rollout of theScore Bet, appointing experienced gaming executives Alvin Lobo as Chief Financial Officer and Josh Sidsworth as General Counsel and Chief Compliance Officer.
  • theScore closed a private placement with a fund managed and controlled by Fengate Asset Management, securing $40,000,000 to fund the growth and development of the Company’s media and gaming operations.
  • theScore achieved a new quarterly record for engagement on its sports app. Average monthly sessions reached 523 million during Q1 F2020, year-over-year growth of 11%, with users opening it an average of 123 times a month each. Average monthly active users also grew to 4.3 million.
  • Total video views of theScore esports’ video content reached 74 million in Q1 F2020, year-over-year growth of 84%. theScore esports’ YouTube channel also passed 1 million subscribers, reinforcing its position as the leading independent provider of esports video content.
  • theScore’s social sports content across Twitter, Facebook, and Instagram reached approximately 97 million users in Q1 F2020, year-over-year growth of 44%.

“It was a huge achievement by our product development team to create and launch a best-in-class, natively-built mobile sportsbook at the very beginning of F2020,” said John Levy, Founder and CEO of theScore. “Our unique integrated approach to media and sports betting sets us apart from any other operator and enabled us to hit the ground running in our launch state of New Jersey.

“But New Jersey is only the start for us. As we grow our footprint there, we are also moving to quickly expand our presence across the United States. Under our existing multi-state market access framework agreement with Penn National, we anticipate launching theScore Bet in Indiana later this year, pending receipt of all relevant licenses and approvals, with more states to follow. At the same time, we continue to actively explore other market access opportunities.

“Further, our hypothesis that sports app users would engage with our gaming product was reinforced in our first quarter of operation.  Approximately three quarters of fans who placed a wager on theScore Bet in Q1 came directly from theScore sports app, supporting our powerful integration of media and gaming. Sports app users are also proving more valuable in terms of handle, gross gaming revenue, and retention than non-sports app users. This is especially exciting given the record user engagement we saw on our sports app in Q1, as well as the robust product roadmap we have in place to further strengthen the connection between our media and gaming platforms, including new product features and cross-promotional capabilities.”

Financial Results
Total revenue for the three months ended November 30, 2019 was $9.2 million compared to $9.5 million for the same period last year. During the quarter, growth in direct advertising revenue was offset by a decline in programmatic revenue, resulting from the impact of lower demand from a programmatic partner who, prior to January 2019, was a significant buyer of the Company’s programmatic inventory, as well as more limited programmatic inventory in New Jersey and surrounding states related to the launch of theScore Bet.

In the first quarter of theScore Bet being live in market, the Company generated $8.8 million in handle and gross gaming revenue[2] of $242,000. When taking into account promotional costs and fair value adjustments on unsettled bets, this resulted in negative net gaming revenue[3] of $26,000 for the period.

EBITDA loss for the three months ended November 30, 2019 was $4.8 million versus EBITDA of $1.0 million for the same period last year. The increase in EBITDA loss was primarily the result of additional expenses incurred in connection with the launch and expansion of our gaming operations. 

Audience Metrics
User sessions of theScore sports app on iOS and Android reached 523 million in Q1 F2020, year-over-year growth of 11% and a new all-time quarterly record. This represents 123 app sessions-per-user-per-month on a base of 4.3 million average monthly app users.

Total video views of theScore esports’ content hit 74 million for Q1 F2020, year-over-year growth of 84%. Total watch hours for theScore esports’ YouTube channel reached 5.6 million, year-over-year growth of 28%. An additional 125,000 YouTube subscribers were added during the period, with channel subscribers surpassing one million in November.

theScore’s social sports content across Twitter, Facebook, and Instagram achieved an average monthly reach of approximately 97 million in Q1 F2020, year-over-year growth of 44%. After launching on the popular video-sharing social networking service TikTok towards the end of Q4 F2019, theScore’s TikTok account now exceeds 500,000 followers and has quickly become one of the most popular sports media accounts on the platform.

Stock Option Plan
theScore announced that the board of directors has granted 8,420,000 options to acquire Class A subordinate voting shares to employees of the Company, including 3,700,000 options to directors and officers of the Company as follows: Norwest Video Inc. (600,000 options); Benjamin Levy (500,000 options); Alvin Lobo (1,000,000 options), Josh Sidsworth (1,000,000 options), Ralph Lean (100,000 options); John Albright (100,000 options); Mark Scholes (100,000 options); Lorry Schneider (100,000 options); Thomson Associates Inc. (100,000 options), and Mark Zega (100,000 options). Each option will be exercisable for one Class A Subordinate Voting Share of theScore at an exercise price of $0.85 in accordance with the terms and conditions of the Company’s employee stock option plan.

Conference Call & Webcast
theScore will host a conference call and webcast at 4:30pm EST on Wednesday, January 22 where management will review the Company’s F2020 Q1 results, followed by a Q&A session:

Conference Call Dial-In
Local: +1 (647) 689-5637
Toll Free North America: +1 (877) 396-4208
Conference ID: 4388306

The conference call will also be webcast live. Register now here.

Instant Replay
Local: +1 (416) 621-4642
Toll Free North America: +1 (800) 585-8367
Conference ID: 4388306

Annual General Meeting
theScore will be hosting its Annual General Meeting at 11:00am EST on Thursday, January 23, 2020 at the Company’s Toronto office at: 500 King Street West, Fourth Floor, Toronto, Ontario, M5V 1L9.

For more information:

James Bigg
Sr. Manager, Communications
Score Media and Gaming Inc.
Tel: 647-638-9281
Email: [email protected]

Alvin Lobo
Chief Financial Officer
Score Media and Gaming Inc.
Tel: 416-479-8812}
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 Score Media and Gaming Inc.
Score Media and Gaming Inc. empowers millions of sports fans through its digital media and sports betting products. Its media app ‘theScore’ is one of the most popular in North America, delivering fans highly-personalized live scores, news, stats, and betting information from their favorite teams, leagues, and players. The Company’s sports betting app ‘theScore Bet’ delivers an immersive and holistic mobile sports betting experience. Natively built for iOS and Android devices, theScore Bet is deeply integrated with theScore’s media app and is currently available to place wagers in New Jersey. Publicly traded on the TSX Venture Exchange (SCR), theScore also creates and distributes innovative digital content through its web, social and esports platforms.

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.

[1] Handle is calculated as the total amount of money bet by customers in respect of bets that have settled in the applicable period.  Handle does not include free bets or other promotional incentives, nor money bet by customers in respect of bets that are open at period end.

[2] Gross gaming revenue is calculated as dollar amounts bet by customers less the dollar amounts paid out to customers in respect of such bets which have settled in the applicable period

[3] Net gaming revenue is calculated as gross gaming revenue, less free bets, promotional costs, bonuses and fair value adjustments on open bets.

Tags: None

TORONTO, January 15, 2020 – Score Media and Gaming Inc. (TSX Venture: SCR) (“theScore”) plans to release its Q1 F2020 financial results at market close on Wednesday January 22, 2020.

theScore will also host a conference call and webcast at 4:30pm ET that day where management will review the Company’s Q1 F2020 results, followed by a Q&A session.

Conference Call Dial-In
Local: +1 (647) 689-5637
Toll Free North America: +1 (877) 396-4208
Conference ID: 4388306

The conference call will also be webcast live. Register now here.

Instant Replay
Local: +1 (416) 621-4642
Toll Free North America: +1 (800) 585-8367
Conference ID: 4388306 

Annual General Meeting
theScore will be hosting its Annual General Meeting at 11:00am EST on Thursday, January 23, 2020 at the Company’s Toronto office at: 500 King Street West, Fourth Floor, Toronto, Ontario, M5V 1L9.

For more information:
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 Score Media and Gaming Inc.
Score Media and Gaming Inc. empowers millions of sports fans through its digital media and sports betting products. Its media app ‘theScore’ is one of the most popular in North America, delivering fans highly-personalized live scores, news, stats, and betting information from their favorite teams, leagues, and players. The Company’s mobile sports betting app ‘theScore Bet’ delivers an immersive and holistic mobile sports betting experience. Natively built for iOS and Android devices, theScore Bet is deeply integrated with theScore’s media app and is currently available to place wagers in New Jersey. Publicly traded on the TSX Venture Exchange (SCR), theScore also creates and distributes innovative digital content through its web, social and esports platforms.

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.

Tags: None

– Experienced gaming executive will support multi-state rollout of theScore Bet

TORONTO, December 9, 2019 – Score Media and Gaming Inc. (TSX Venture: SCR) (“theScore” or “Company”) is pleased to announce the appointment of Josh Sidsworth as General Counsel and Chief Compliance Officer, with immediate effect. He will be based at theScore’s head office in Toronto and will lead all legal, regulatory and compliance matters for the Company, supporting the multi-state rollout of its mobile sportsbook, theScore Bet.

Sidsworth has extensive experience in the gaming space, most recently as EVP Corporate Development and General Counsel for the NRT Group of Companies, the world’s largest supplier of payment kiosk solutions to casino operators around the world.

John Levy, Founder and CEO of theScore, said: “We are very excited that Josh has joined theScore team. His extensive experience will be invaluable as we plan and execute the expansion of our gaming business – from our initial footprint in New Jersey to a multi-state presence across the United States.”

Sidsworth said: “I’ve always been a huge fan of theScore and their authentic way of connecting with sports fans. Building on this connection by offering users an integrated sports media and betting experience is truly unique, and I’m thrilled to be joining the team to help them deliver on this vision.”

Launched in September, theScore Bet made history by becoming the first mobile sportsbook to be created and launched by a media company in North America. Natively built, it is a comprehensive mobile sports betting platform operating in New Jersey via a market access agreement with Darby Development LLC, the operator of Monmouth Park Racetrack. theScore also has market access across 11 additional states via its partnership with Penn National Gaming, subject to the enactment of state gaming laws and regulations and the receipt of relevant licenses and approvals.

For more information:

James Bigg
Sr. Manager, Communications
Score Media and Gaming 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 Score Media and Gaming Inc.
Score Media and Gaming Inc. empowers millions of sports fans through its digital media and sports betting products. Its media app ‘theScore’ is one of the most popular in North America, delivering fans highly-personalized live scores, news, stats, and betting information from their favorite teams, leagues, and players. The Company’s mobile sports betting app ‘theScore Bet’ delivers an immersive and holistic mobile sports betting experience. Natively built for iOS and Android devices, theScore Bet is deeply integrated with theScore’s media app and is currently available to place wagers in New Jersey. Publicly traded on the TSX Venture Exchange (SCR), theScore also creates and distributes innovative digital content through its web, social and esports platforms.

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.