Penn National Gaming gains approval for theScore acquisition

October 7, 2021
By

The approval comes from the Minister of Canadian Heritage.

Toronto-based Score Media and Gaming, and its sports data and news app theScore, has today announced that Penn National Gaming has received regulatory approval from the Minister of Canadian Heritage for the acquisition of the company.

The merger acquisition, which is expected to be completed by October 19, has been approved under the Investment Canada Act, which allows for the purchasing of companies such as theScore by way of a plan of arrangement.

The sports company is set to hold a virtual meeting on Tuesday, October 12 to discuss the details and terms of said arrangement. During the webcast, Score Media shareholders and appointed proxyholders will be able to submit questions on procedural matters and vote on the acquisition.

While the purchase is likely to go ahead, it remains subject to total approval from theScore’s shareholders. Furthermore, Penn National must receive a final order in respect of the arrangement from the Supreme Court of British Columbia, and satisfaction or waiver of the other conditions to closing contained in the arrangement agreement.

Score Media and Gaming, via its app theScore, is designed to provide scores, news, stats, and betting information from popular sports leagues. The company also operators a sportsbook named theScore Bet, which is currently operational in New Jersey, Colorado, Indiana, and Iowa.

Penn National Gaming currently operates 43 properties across 20 states; these feature approximately 50,000 gaming machines, 1,300 table games, and 8,800 hotel rooms. The company also operates the Barstool Sportsbook platform.

State-by-State

Product Spotlight

Konami

Things get unruly in the company of some fleecy characters in the new Konami Gaming’s new Unwooly Riches slot series.
GA HUDDLE #089

Brian Uran - AI has shown casinos new ways to think about business

GA HUDDLE #088

Adam Wexler: PrizePicks almost went out of business during Covid - but now...

Roughly six years after speaking to Gambling Insider as an upcoming start-up, PrizePicks CEO Adam Wexler joins the Huddle to reflect on huge growth since - which almost ground to a halt during the Covid-19 pandemic.

We cover:

- Entrepreneurship, regulatory changes and the pandemic

- Offering a different customer experience and differentiating by product

- Fantasy sports being strong enough without sports betting

- Barriers to entry in the fantasy market

- Opposition from FanDuel and DraftKings

- Targets, plans and the Philippines

- US markets and the future of fantasy


Five years ago, before the mass proliferation of social media we see today – and even before the Covid-19 pandemic – I think you would be hard pressed to find a CEO talking about “Instagrammable moments.” KPIs w...

gga
The Global Gaming Awards: Looking ahead to 2024's ceremonies.
After more than a decade of celebrating gaming's best, Gaming America looks ahead to a bright 2024 for the Global Gaming Awards in the Americas and Asia-Pacific.
GA
From the top: The Indian Gaming Tradeshow & Convention
Tribal gaming is a uniquely American institution and all its uncommon attributes were on display this April at the Indian Gaming Tradeshow & Convention in Anaheim, California.
terre
Review: Terre Haute Casino Resort and Harrah's Hoosier Park Racing & Casino
Terre Haute Casino Resort vs. Harrah's Hoosier Park Racing & Casino, Gaming America's Laura Mack reviews each property.
andrew
Eureka Casino interview: CEO Andre Carrier on resort expansion
We spoke with returning guest, CEO Andre Carrier, about Eureka Casino Resort's expansion. He aims to not only change the look and feel of the casino, but to also build residential housing around it.