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– Changes will facilitate compliance with gaming laws and include corporate name change to ‘Score Media and Gaming Inc.’ 

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

TORONTO, July 15, 2019 – theScore, Inc. (TSX Venture: SCR) (“theScore” or the “Company”), a leading developer of mobile sports platforms, today announced a special meeting of shareholders will be held to seek approval of certain corporate changes relating to the planned launch of the Company’s sportsbook in the United States. In addition, to better reflect its integrated approach to mobile sports media and gaming, the Company plans to change its corporate name from theScore, Inc. to Score Media and Gaming Inc.

As previously announced, the Company plans to debut its mobile sports betting applications in New Jersey in 2019, following receipt of all required approvals and licenses from the State of New Jersey Division of Gaming Enforcement (DGE) and the New Jersey Racing Commission (NJRC).

To operate a sportsbook in the United States, the Company must comply with applicable U.S. federal, state and tribal gaming laws, compacts, regulations, rules and ordinances as well as obtain approvals and gaming licenses from applicable gaming authorities and gaming regulatory bodies. In order to facilitate the Company’s compliance with such gaming laws and license requirements, the Board of Directors of the Company believes it is necessary to introduce certain restrictions on the issue, transfer and ownership of its securities, and to continue the Company’s corporate existence under the laws of British Columbia to enable it to implement these changes.

The special meeting is expected to be held on or about August 22, 2019. Additional details regarding the special meeting and the proposed resolutions will be included in a management information circular to be sent to the Company’s shareholders in the coming weeks. The management information circular will also be filed with the applicable Canadian securities regulators and will be available on SEDAR at www.sedar.com.

For further information:
James Bigg
Sr. Manager, Communications
theScore, Inc.
Tel: 647-638-9281
Email: james.bigg@thescore.com

Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this news release.

About theScore Inc.
theScore creates highly-engaging digital products and content that empower sports fans. 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 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
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TORONTO, July 11 2019 – theScore, Inc. (TSX Venture: SCR) (“theScore”) plans to release its Q3 F2019 financial results at market close on Wednesday July 24, 2019.

theScore will also host a conference call and webcast at 4:30pm ET on Wednesday, July 24 where management will review the Company’s Q3 F2019 results, followed by a Q&A session.

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

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
Playback Passcode: 1079516

For more information:

James Bigg
Sr. Manager, Communications
theScore, Inc.
Tel: 647-638-9281
Email: james.bigg@thescore.com

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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TORONTO, April 17, 2019 – theScore, Inc. (TSX Venture: SCR) (“theScore”) today announced the financial results for the three and six months ended February 28, 2019 in accordance with International Financial Reporting Standards (“IFRS”). All financial information in this press release is reported in Canadian dollars, unless otherwise indicated.

Q2 F2019 Highlights

  • Significant focus on product development and launch planning for theScore’s sportsbook, which is on-track for mid-2019 launch in New Jersey, 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).
  • theScore set a new Q2 record for average monthly user sessions on theScore app. Average monthly sessions reached 395 million during Q2 F2019, with users opening it an average of 97 times a month each.
  • theScore’s social content achieved a new quarterly record with an average monthly reach of approximately 95 million users in Q2 F2019, including a new single-month record of approximately 118 million users in January.

“We made huge strides in Q2 and are on schedule to launch what we believe will be a best-in-class mobile sports betting experience in mid-2019,” said John Levy, Founder and CEO of theScore. “Our combination of sports media and sports betting will be a truly differentiated offering for the North American market, and we can’t wait to unveil it.  While sports betting initiatives were naturally a big priority for us in Q2, we were also excited to set new records for engagement on our app, as well as a new quarterly record for our social reach, showcasing the power of our audience once again.

“Year-to-date revenue is also up, despite a slower Q2 from direct sales following a very strong Q1, and some industry-wide softness in the programmatic advertising space. That said, we’re seeing very good early momentum in Q3, with strong sales in the quarter to date.” 

Financial Results
Revenue for the three months ended February 28, 2019 was $6.8 million compared to $7.1 million for the same period last year. Revenue for the six months ended February 28, 2019 was $16.3 million versus $15.5 million for the same period last year.

EBITDA loss for the three months ended February 28, 2019 was $2.2 million, versus a loss of $0.5 million in the same period the previous year. Increase in EBITDA loss for the quarter was primarily a result of increased expenses relating to ongoing development of theScore’s sports betting business, as well as softer revenue for the period.  EBITDA loss for the six months ended February 28, 2019 was $1.3 million versus EBITDA of $14,000 in the same period the previous year.

Audience Metrics
Total average monthly active user sessions of theScore mobile app on iOS and Android reached 395 million in Q2 F2019, or 97 sessions-per-user-per-month on a base of 4.0 million average monthly app users.

Total video views of theScore esports’ content reached 39.3 million for Q2 F2019, representing year-over-year growth of 93%. Total watch minutes for theScore esports’ YouTube channel were 260 million, growth of 190% year-over-year. YouTube channel subscribers surpassed 700,000 earlier this month.

theScore’s content on its social channels achieved an average monthly reach of approximately 95 million in Q2 F2019, serving to further amplify theScore brand globally. This included a new monthly reach record of approximately 118 million in January.

Conference Call & Webcast
theScore will host a conference call and webcast at 4:30pm EST on Wednesday, April 17 where management will review the Company’s Q2 F2019 results, followed by a Q&A session:

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

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
Playback Passcode: 8674184

For more information:
James Bigg
Sr. Manager, Communications
theScore, Inc.
Tel: 647-638-9281
Email: james.bigg@thescore.com

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.

Table 1

Table 2

 

Table 3

 

Table 4

Tags: None
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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.”

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: james.bigg@thescore.com

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.

Tags: None
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TORONTO, April 10 2019 – theScore, Inc. (TSX Venture: SCR) (“theScore”) plans to release its Q2 F2019 financial results at market close on Wednesday April 17, 2019.

theScore will also host a conference call at 4:30pm ET on Wednesday, April 17 where management will review the Company’s Q2 F2019 results, followed by a Q&A session.

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

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
Playback Passcode: 8674184

For more information:
James Bigg
Sr. Manager, Communications
theScore, Inc.
Tel: 647-638-9281
Email: james.bigg@thescore.com

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.

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
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TORONTO, January 23 2019 – theScore, Inc. (TSX Venture: SCR) (“theScore”) today announced the financial results for the three months ended November 30, 2018 in accordance with International Financial Reporting Standards (“IFRS”). All financial information in this press release is reported in Canadian dollars, unless otherwise indicated. 

Q1 F2019 Highlights

  • The Company achieved record quarterly EBITDA in Q1 F2019 of $1.0 million.
  • The Company achieved record quarterly revenue in Q1 F2019 of $9.5 million.
  • The Company grew average monthly user sessions to a new quarterly record of 469 million during Q1 F2019, with users opening theScore app an average of 111 times a month each.
  • In December the Company became the first media company in North America to announce plans for a mobile sportsbook in the United States, which the company anticipates will launch in New Jersey in mid-2019 subject to receipt of required regulatory approvals and licenses.
  • The Company’s esports’ video content achieved a new record of 40.3 million total views in Q1 F2019.

“Sports betting is a core focus this fiscal year and a huge opportunity for theScore,” said John Levy, Founder and CEO of theScore. “We’re excited to launch what we believe will be a unique and best-in-class mobile sportsbook in New Jersey in mid-2019.

“We’re uniquely positioned as a media company to succeed in sports betting. The record engagement achieved this quarter on our mobile app demonstrates the power of our audience, which spans every single U.S. state and indexes highly with sports betting enthusiasts.

“This is a big advantage, as is the rapid growth of mobile and in-game sports wagering, which aligns perfectly with the product expertise that has made theScore one of the most popular sports apps in North America.

“On top of this, we continue to create value across our Company, achieving record quarterly revenue and EBITDA while significantly growing our esports and social audiences. We look forward to further strengthening our reputation as a leader in digital sports media in 2019 and beyond.”

Financial Results
The Company achieved record EBITDA for Q1 F2019 of $1.0 million versus EBITDA of $0.5 million in Q1 F2018. The Company also achieved record revenue for Q1 F2019, which grew 13% to $9.5 million versus $8.4 million in Q1 F2018, and included record quarterly revenue for the Company’s Canadian direct sales business and strong year-over-year growth of U.S. programmatic revenue.

Audience Metrics
Total average monthly user sessions of theScore mobile app on iOS and Android reached a new quarterly record of 469 million in Q1 F2019, or 111 sessions-per-user per-month on a base of 4.2 million average monthly app users.

Total video views of theScore’s esports’ content were 40.3 million for Q1 F2019, representing year-over-year growth of 123%. Total watch minutes for theScore esports’ YouTube channel reached 296 million in Q1 F2019, growth of 867% year-over-year, with channel subscribers breaking past 500,000 during the period.

theScore’s content on its social channels reached approximately 67 million users per month in Q1 F2019, growth of 119% year-over-year, serving to further amplify theScore brand globally. This included a new monthly reach record of approximately 77 million in November.

Credit Facility
In December 2018 the Company entered into a $5 million demand credit facility with a Canadian chartered bank. The credit facility is available for working capital purposes and the amount available is based on a percentage of the Company’s accounts receivable and those of certain of its subsidiaries. The facility is secured by substantially all of the assets of the Company and certain of its subsidiaries. 

Stock Option Plan
theScore announced that the board of directors has granted 5,537,500 options to acquire Class A subordinate voting shares to employees of, and consultants to, the Company, including 1,700,000 options to directors and officers of the Company. Assuming the requisite shareholder approval is obtained, options will be granted to the following directors and officers: Norwest Video Inc. (600,000 options); Benjamin Levy (500,000 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 $0.30 in accordance with the terms and conditions of the Company’s employee stock option plan.

Conference Call
theScore will host a conference call at 4:30pm ET on Wednesday, January 23 where management will review the Company’s Q1 F2019 results, followed by a Q&A session:

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

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
Playback Passcode: 7389200 # 

 

Annual General Meeting
theScore will be hosting its Annual General Meeting at 11:00am EST on Thursday, January 24, 2019 at the Company’s Toronto office at: 500 King Street West, Fourth Floor, Toronto, Ontario, M5V 1L9.

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For more information:
James Bigg
Sr. Manager, Communications
theScore, Inc.
Tel: 647.638.9281
Email: james.bigg@thescore.com

Neither 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 Inc.
theScore’s mission is to create highly-engaging digital products and content that empower 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.

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.

 

Table 1 Table 2 Table 3 Table 4

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Conference call and webcast to take place at 4:30pm EST
Company to host Annual General Meeting Thursday, January 24 at 11:00am

TORONTO, January 16 2018 – theScore, Inc. (TSX Venture: SCR) (“theScore”) plans to release its Q1 F2019 financial results at market close on Wednesday January 23, 2019.

theScore will also host a conference call at 4:30pm EST on Wednesday, January 23 where management will review the Company’s Q1 F2019 results, followed by a Q&A session.

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

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
Playback Passcode: 7389200 #

theScore will also be hosting its Annual General Meeting at 11:00am EST on Thursday, January 24, 2019 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: 416.479.8812 ext. 2366
Email: james.bigg@thescore.com


Neither 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 Inc.
theScore’s mission is to create highly-engaging digital products and content that empower 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.

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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– Agreement with operator of New Jersey-based Monmouth Park Racetrack provides theScore with market access to offer online and mobile sports betting throughout the state 

– Powered by cutting edge sports betting platform from Bet.Works

– Planned launch in mid-2019, subject to receipt of required regulatory approvals and licenses

TORONTO, December 18, 2018 – theScore, Inc. (TSX Venture: SCR) (“theScore” or the “Company”) today announced plans to launch a mobile sportsbook in the United States in 2019 after securing market access through an official licensing partnership with Darby Development LLC (Darby), the operator of the Monmouth Park Racetrack in New Jersey and the New Jersey Thoroughbred Horsemen’s Association (NJTHA).

This agreement paves the way for theScore to offer online and mobile sports betting across New Jersey, 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). Subject to receipt of these approvals, theScore anticipates rolling out its sports betting platform in New Jersey in mid-2019. Sports fans can sign-up to receive updates on theScore’s launch plans at www.theScore.bet.

“This is a significant 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.

“With the rapid growth of mobile and in-game wagering, we are perfectly positioned to deliver a unique and amazing sports betting experience. Our large and engaged app audience spans every single U.S. state and highly indexes with sports betting enthusiasts. We can’t wait to bring a sports betting product to market and capitalize on this exciting opportunity in New Jersey and other regulated states.”

Dennis Drazin, CEO and Chairman of Darby Development LLC, is a highly-experienced gaming operator and played an integral role in the repeal of the Professional and Amateur Sports Protection Act of 1992 (PASPA), which largely prohibited sports betting across the U.S. PASPA was repealed by the U.S. Supreme Court in May 2018, allowing individual states to offer legalized, regulated sports betting.

Drazin said: “theScore has one of the leading sports apps in North America, a world-class reputation for mobile sports development, and a large and highly-engaged audience. Combined with Bet.Works’ best-in-class technology and their team of experienced sports book operators that will power theScore’s digital sports betting platform, we’re thrilled to welcome them to our exclusive family of partners offering sports wagering in New Jersey.”

The agreement between Darby, the NJTHA and Score Digital Sports Ventures Inc. (“Score”) provides that Score will be the operator of a branded sportsbook pursuant to one of the sports wagering licenses conferred upon the NJTHA by the DGE, subject to receipt of all required regulatory approvals and licenses.  Pursuant to the agreement, Darby is entitled to a certain percentage of the revenue derived from Score’s operation of the sportsbook, subject to certain annual minimum guaranteed amounts as well as certain upfront fees and renewal fees, if applicable.  The agreement has a term of up to fifteen years, consisting of an initial term of five years, which is extendable for two successive five-year terms at the option of Score.

In addition, Score has executed a binding term sheet with Bet.Works (US) LLC, whose proprietary, cutting-edge sports betting technology will power theScore’s online and mobile sports betting platforms. Pursuant to the multi-year agreement, Bet.Works will be the exclusive supplier of sportsbook and casino technology to theScore in the United States and also provide certain operational services to theScore to facilitate its sports betting operations.

Bet.Works is a U.S. based igaming and sportsbook provider, with a management team handpicked from among the most successful gaming operators in the country. Bet.Works offers a flexible suite of proprietary gaming solutions that uses some of the most advanced technology in the market today. Coupled with a sophisticated managed service offering, Bet.Works is uniquely positioned to provide American based solutions to enterprise, tribal and regional clients.

David Wang, Founder and CEO of Bet.Works said: “We are extremely excited about working with theScore. They have a huge audience and one of the most comprehensive sports apps on the market, providing the connective tissue between hardcore sports fans and the teams they love. We are confident the Bet.Works team can help theScore to the forefront of mobile sports betting in New Jersey and beyond.”

Contact:
James Bigg
theScore
Sr. Manager, Communications
james.bigg@thescore.com
647.638.9281

Elisa Richardson
theScore
Manager, Media Relations
elisa.richardson@thescore.com
646.901.8536

theScore Investor Relations
theScore.com

Neither 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 Inc.
theScore’s mission is to create highly-engaging digital products and content that empower 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. theScore is publicly traded on the TSX Venture Exchange (SCR).

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, the receipt of all required approvals and licenses from the DGE and NJRC and those factors which are discussed under the heading “Risk Factors” in the Company’s Annual Information Form 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.

Company hits new monthly record for YouTube video views, breaks through 500,000 subscribers, and captures prestigious industry award

TORONTO, December 4, 2018: theScore, Inc. (TSX Venture: SCR) today announced a new monthly record for video views on its esports YouTube channel. The channel also broke through 500,000 subscribers, and picked-up a prestigious industry award for its coverage of the competitive video gaming scene.

theScore esports won Best Category Specific YouTube Channel at the 2018 Cynopsis Model D Awards in New York City, beating out a number of primetime competitors, including The Ellen Show.

The award follows a period of rapid growth for theScore’s esports business. Since January 2017, theScore’s YouTube subscriber base has grown from 30,000 to more than 500,000, with monthly video views on the platform rising from 1.5M to 15.6M in October.

This represented a new single-month viewership record for the company, reaffirming its position as one of the best performing esports YouTube channels across some of the most prominent teams and organizations in the industry.

Esports Total Youtube Views

Data provided by Social Blade, (November 2018): https://socialblade.com/

“theScore has built a large and highly-engaged audience of esports fans and we’re excited by the growth we’re seeing,” said John Levy, CEO and Founder of theScore. “We believe we are only just scratching the surface. As the esports industry itself continues to grow, theScore will be there to cover the stories behind the games and players esports fans love.”

theScore esports has achieved this success through its unique approach to video storytelling, creating a number of popular franchises, including its Best Of, Story Of, and Top 10 series.

The company also recently appointed Donald Reilley as Vice President of Esports Sales to lead monetization of its esports video offering across its platforms. Reilley was previously VP of Brand Partnerships at NewForm Entertainment, and has also held senior sales roles at Major League Gaming and Warner Bros. Entertainment Group.

Contact:
James Bigg
Sr. Manager, Communications
james.bigg@thescore.com
647.638.9281

Elisa Richardson
Manager, Media Relations
elisa.richardson@thescore.com
646.901.8536

theScore Investor Relations
theScore.com

Neither 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 Inc.
theScore’s mission is to create highly-engaging digital products and content that empower 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. theScore (SCR) is publicly traded on the TSX Venture Exchange.

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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TORONTO, November 6, 2018 – theScore, Inc. (TSX Venture: SCR) (“theScore” or the “Company”) is pleased to announce that it has closed its previously announced non-brokered private placement (the “Offering”) of 36,956,522 Class A Subordinate Voting Shares of the Company (“Class A Shares”) at a price of $0.23 per Class A Share for gross proceeds of $8,500,000.

The net proceeds from the Offering will be used by theScore to fund its sports betting related business development activities and for working capital and general corporate purposes.

John Levy Family Holdings Ltd., Relay Ventures Fund II L.P. and Relay Ventures Parallel Fund II L.P., entities controlled by directors of the Company, subscribed for an aggregate of 26,086,959 Class A Shares in the Offering. A material change report was not filed more than 21 days prior to closing of the Offering as contemplated by the related party transaction requirements under Multilateral Instrument 61‑101 – Protection of Minority Security Holders in Special Transactions as the insider participation was only recently confirmed.

The Offering remains subject to the final acceptance of the TSX Venture Exchange.

The Class A Shares issued under the Offering are subject to a statutory hold period expiring on March 7, 2019. Additional resale restrictions and legends may apply in the United States and other jurisdictions.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this news release.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

For more information:

James Bigg
Sr. Manager, Communications
theScore, Inc.
Tel: 647-638-9281
Email: james.bigg@thescore.com

About theScore Inc.
theScore’s mission is to create highly-engaging digital products and content that empower 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.

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 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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