TORONTO – (BUSINESS WIRE) – Score Media and Gaming Inc. (TSX: SCR) (“theScore” or the “Company”) Founder and Chief Executive Officer John Levy today issued the following statement in response to the introduction by the Canadian federal government of a law to legalize sports betting on a single event in Canada.
The law proposes amendments to the Criminal Code of Canada to give provinces and territories the ability to offer sports betting products on a single event and the discretion to manage sports betting on a single event in their respective jurisdictions.
“Canadians deserve a modernized and regulated sports betting market and we commend the federal government for its efforts to legalize single event betting,” said Mr. Levy. “There is now clear multi-party support and a strong momentum to change Canada’s outdated federal laws and allow the legal sports betting market to thrive. As the leading mobile sports brand in Canada, we look forward to bringing the Score Bet to our fans and giving them our best sports betting experience.
theScore estimates a potential market for online gaming in Canada between US $ 3.8 billion and US $ 5.4 billion in gross annual gaming revenue, based on historical data extrapolated from legal gaming markets online in the US and around the world.
TheScore Sports Media App (iOS and Android) is one of North America’s most popular multisport news and data apps and its mobile bookmaker, theScore Bet (iOS and Android), offers a immersive and holistic mobile sports betting, including a wide range of pre-game and in-game betting in all major leagues and sporting events, and a full variety of betting types, and is currently live in New Jersey, Colorado and Indiana.
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 multimedia app ‘theScore’ is one of the most popular in North America, providing fans with highly personalized live scores, news, statistics and betting information from their favorite teams, leagues and players. TheScore Bet Company’s sports betting app offers an immersive and holistic mobile sports betting experience and is currently available for placing bets in New Jersey, Colorado and Indiana. Listed on the Toronto Stock Exchange (SCR), theScore also creates and distributes innovative digital content through its web, social and esports platforms.
Forward-looking statement (safe harbor)
Statements made in this press release that relate to future plans, events or performance are forward-looking statements. Any statement containing words such as “may”, “would”, “could”, “will”, “believes”, “foresees”, “foresees”, “estimates”, “expects” or “intends” And other similar statements that are not historical facts contained in this press release are forward-looking, and such statements involve risks and uncertainties and are based on current expectations. These statements reflect theScore’s current views regarding future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements that could be expressed or implied by such forward-looking statements, including, among others, the enactment of enabling laws and regulations in the Province of Ontario will facilitate online gambling and the enactment of federal laws to permit single-event sports betting (including when such laws and regulations will be enacted and proclaimed in force (if any) and the terms and conditions imposed in such laws and regulations on iGaming industry participants), receipt by the Company of all relevant licenses and approvals under relevant laws and regulations , and the rate of adoption of online gambling in Canada, and the factors which are discussed under the heading “RI factors. sque ”in the Company’s Annual Information Form filed with the relevant Canadian securities regulator and authorities and available on SEDAR under the Company’s profile at www.sedar.com and elsewhere in documents that theScore files time and again to other matters with these securities authorities, including its management report. If one or more of these risks or uncertainties materialize, or if the assumptions underlying the forward-looking statements prove to be incorrect, actual results could differ materially from the expectations expressed in these forward-looking statements. The Company does not intend, and assumes no obligation, to update these forward-looking statements, except as required by applicable law or regulatory requirements.