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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Score Media and Gaming Inc.    SCR   CA80919D1033

SCORE MEDIA AND GAMING INC.

(SCR)
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Score Media and Gaming : theScore Enters Into Sports Betting Partnership with the NBA

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01/22/2020 | 04:18pm EDT

Score Media and Gaming Inc. (TSX Venture: SCR) (“theScore”) today announced that it has become an Authorized Sports Betting Operator of the National Basketball Association (“NBA”) in a new multiyear partnership.

Effective immediately, theScore will gain access to official NBA betting data, including league marks and logos, for its mobile sports betting app, theScore Bet.

“We’re delighted to work with the NBA to create new and exciting sports betting experiences for basketball fans,” said John Levy, Founder and CEO of theScore. “This collaboration will help us enhance our offering as we work to provide theScore’s highly engaged media app users a best-in-class integrated betting experience.”

“theScore is aligned with the NBA on our mission to create the best possible fan experience,” added Scott Kaufman-Ross, the NBA’s Senior Vice President, Head of Fantasy & Gaming. “This partnership will provide our passionate fans with deeper engagement from a company innovating across the spectrum of sports media and betting.”

theScore and the NBA will also work together on best-in-class practices to protect the integrity of NBA games.

theScore (iOS and Android) flagship sports app has over 4.3 million monthly active users and can be downloaded worldwide. Launched in September, theScore Bet (iOS and Android) is the first mobile sportsbook to be created and launched by a media company in North America. Natively built, it is a comprehensive mobile sports betting platform currently operating in New Jersey.

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 Score Media and Gaming Inc.
Score Media and Gaming Inc. empowers millions of sports fans through its digital media and sports betting products. Its media app ‘theScore’ is one of the most popular in North America, delivering fans highly-personalized live scores, news, stats, and betting information from their favorite teams, leagues, and players. The Company’s mobile sports betting app ‘theScore Bet’ delivers an immersive and holistic mobile sports betting experience. Natively built for iOS and Android devices, theScore Bet is deeply integrated with theScore’s media app and is currently available to place wagers in New Jersey. Publicly traded on the TSX Venture Exchange (SCR), theScore also creates and distributes innovative digital content 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.

© Business Wire 2020

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Financials
Sales 2020 22,1 M 16,8 M 16,8 M
Net income 2020 -34,1 M -26,0 M -26,0 M
Net Debt 2020 15,0 M 11,4 M 11,4 M
P/E ratio 2020 -8,00x
Yield 2020 -
Capitalization 320 M 244 M 244 M
EV / Sales 2020 15,2x
EV / Sales 2021 8,14x
Nbr of Employees 216
Free-Float 78,8%
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Technical analysis trends SCORE MEDIA AND GAMING INC.
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Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 3
Average target price 1,07 CAD
Last Close Price 0,80 CAD
Spread / Highest target 56,3%
Spread / Average Target 33,3%
Spread / Lowest Target 18,8%
EPS Revisions
Managers
NameTitle
John S. Levy Chairman & Chief Executive Officer
Benjamin D. Levy President, Chief Operating Officer & Director
Alvin Lobo Chief Financial Officer
Ralph E. Lean Independent Director
Mark A. Scholes Independent Director
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