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| Company type | Subsidiary |
|---|---|
| Industry | Media,Gaming |
| Predecessor | Score Media |
| Founded | 2012; 14 years ago (2012) |
| Founder | John S. Levy |
| Headquarters | 125Queens Quay East,, Canada |
| Products | Digital media,mobile applications,sports betting |
| Parent | Penn Entertainment (2021-present) |
| Website | www |
Score Media and Gaming Inc. (formerlytheScore Inc.) is a Canadiandigital media andgaming company based inToronto. A subsidiary ofPenn Entertainment, it operates thesports news applicationtheScore and thesportsbooktheScore Bet. The company maintains American offices inNew York City.
The company was formed in 2012 as a spin-out ofScore Media after the sale of its television business (including itsspecialty channelThe Score Television Network, now Sportsnet 360) toRogers Media.
In 2012,Score Media reached an agreement to sell its Canadian television operations (including its flagshipspecialty channelThe Score) toRogers Media. The remaining digital assets, including theScore.ca and itsmobile apps, were spun off into a new entity known as theScore Inc. TheCanadian Radio-television and Telecommunications Commission (CRTC) approved the sale of the television business to Rogers in 2013.[1][2][3][4]
The company wasspun-out from Score Media immediately prior to Rogers' acquisition. As a result of the transaction, former shareholders of Score Media received one share of the new company for each share held in Score Media, meaning that Score Media founder John Levy and family are the largest single voting shareholders in the company, as was the case with Score Media, though Rogers received additional shares yielding an ownership stake of 11.8%.[5] Rogers subsequently sold its shares in the company in June 2014.[6]
In December 2018, following the legalization of sports betting in the United States viaMurphy v. National Collegiate Athletic Association, theScore partnered withMonmouth Park Racetrack inOceanport,New Jersey to launch its first mobile sportsbook in the United States via a 15-year market access agreement.[7][8] The service launched in September 2019 astheScore Bet; the service would focus on integrations with theScore's sports news app.[9]
In July 2019,Penn National Gaming announced a 20-year market access agreement with the company, now known as Score Media and Gaming, in 11 states; as a condition of the deal, subsidiary Penn Interactive Ventures would take a 4.7% equity stake in the company.[10]
The company was publicly traded on theTSX Venture Exchange; in September 2020, it moved to theToronto Stock Exchange.[11] In October 2021, Penn acquired theScore for $2 billion in a cash and stock deal; the company was subsequently delisted from the Toronto Stock Exchange andNasdaq.[12][13]
In April 2022, as part of the province's regulated online gambling market, theScore Bet expanded into Canada by launching in Ontario. It would subsequently announce a partnership with theToronto Blue Jays (which are also owned by Rogers) to become its official gaming partner.[14]
The executive chairman of theScore is its founder, John Levy.[15] The president and chief operating officer of theScore is Benjie Levy.[16]
