theScore Supports Proposals to Legalize Online Gambling in Ontario
April 12 2019 - 9:04AM
Business Wire
theScore, Inc. (TSX Venture: SCR) (“theScore”) today welcomed
proposals by Ontario’s Progressive Conservative government to
legalize online gambling in the province. The plans, presented in
the provincial government’s budget, also included support for the
legalization of single event sports wagering at the federal
level.
With one of the most popular sports apps in North America,
theScore is set to become the first media company in North America
to launch a sportsbook in the United States after federal
legislation prohibiting sports betting was overturned by the U.S.
Supreme Court in May 2018. theScore’s sports betting platform is
scheduled to launch in New Jersey mid-2019.*
Late Thursday, in the Progressive Conservative
Government’s “A Plan for the People” provincial budget,
proposals were advanced to “establish a competitive
market for online legal gambling that will reflect consumer choice
while protecting consumers who play on these
websites.” The provincial government will now consult
with key stakeholders over its plans. In addition, the province
confirmed it had already asked the federal government to take
action to legalize single event sports wagering. Its full
announcement can be read here.
John Levy, Founder and CEO of theScore, said he fully supported
proposals to finally modernize outdated prohibition laws in the
country and said the Company would be prepared to offer online
sports betting to Ontarians when legislation permitted.
“theScore has always embraced the fact that sports betting is
part of the overall fan experience, and it is finally time for
jurisdictions across Canada to adopt common sense sports betting
regulation,” he said. “We applaud the Ontario government for taking
this very significant first step. As we prepare for the launch of
our sportsbook in the United States, we intend to actively
participate in the Ontario government’s consultation process.
“theScore is already a highly-recognized brand in Canadian
mobile sports, and the most popular mobile sports app in the
country. We’ll be ready to provide Canadian fans with a
best-in-class mobile sports betting experience when the opportunity
arises.”
theScore app, which is used by more than four million sports
fans a month and is one of the leading multisport news and data
apps in North America, is available in the App Store and
on Google Play and offers news, scores, alerts and stats
for every major league and competition, including betting line
movements for leagues including NBA Basketball, NFL Football, NHL
Hockey and MLB Baseball.
*Subject to receiving all required approvals and licenses from
the State of New Jersey Division of Gaming Enforcement (DGE) and
the New Jersey Racing Commission (NJRC).
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 theScore
theScore’s mission is to create highly-engaging digital products
and content that empowers the sports fan’s experience. Its flagship
mobile app ‘theScore’ is one of the most popular multi-sport news
and data apps in North America, serving millions of fans a month.
The Company also creates innovative digital sports experiences
through its web, social, and esports platforms, and in December
2018 announced plans to launch a mobile sportsbook in the United
States.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20190412005246/en/
James BiggSr. Manager, CommunicationstheScore, Inc.Tel:
647-638-9281Email: james.bigg@thescore.com
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