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theScore to trade on Toronto Stock Exchange from 15 September

News

Canadian betting and sports media business theScore has received final approval to list on the Toronto Stock Exchange as of tomorrow (15 September), graduating from the TSX Venture Exchange.

The business will trade under the same SCR stock ticker as it did on the TSX Venture Exchange.

John Levy, Founder and chief executive of theScore said the business’s graduation to the Toronto Stock Exchange – Canada’s largest exchange – shows how the profile of the business has grown.

John Levy, theScore Chief Executive

“We’re excited to be listed on the Toronto Stock Exchange and further raise the profile of our growing leadership position in North American sports media, esports, and gaming,” Levy (pictured) said.

“This graduation comes at an exciting time for theScore as we continue the multi-state rollout of our award-winning sportsbook, theScore Bet, introducing our unique media and gaming experience to even more sports fans.”

The business has launched its sportsbook in New Jersey and Colorado, launching in the latter state earlier this month through a market access agreement with Jacobs Entertainment. It also intends to launch a casino product in New Jersey after striking a market access agreement with Twin River Worldwide Holdings. 

In July, theScore announced that its revenue fell 71.8% year-on-year in the three months to May 31 to CAD$2.4m (USD$1.8m), entirely from media activities, in a period Levy described as an “unprecedented challenge”

Main image: Wladyslaw