Since March 2021, The Score is listed on Nasdaq, under the SCR ticker. In August 2021, Penn National Gaming agreed to acquire Score Media and Gaming Inc. for $2 billion in cash and stocks. The deal completed in October 2021 and the company was delisted from the Toronto Stock Exchange and the Nasdaq.
What happened to score media and gaming stock?
What happened Score Media and Gaming (NASDAQ: SCR), aka "theScore," didn't put many points on the board Wednesday. The Canadian sports media and gambling services company's stock fell by almost 10% on the back of discouraging quarterly results.
Is Score Media and gaming a “underperform” stock?
Score Media and Gaming has received 42 “underperform” votes. (Add your “underperform” vote.) Score Media and Gaming has received 70.83% “outperform” votes from our community. MarketBeat's community ratings are surveys of what our community members think about Score Media and Gaming and other stocks.
Is the score publicly traded?
The company is publicly traded and was listed on the TSX Venture Exchange until September 2020 when it was promoted to the Toronto Stock Exchange. Since March 2021, The Score is listed on Nasdaq, under the SCR ticker. In August 2021, Penn National Gaming agreed to acquire Score Media and Gaming Inc. for $2 billion in cash and stocks.
What are analysts'price targets for Score Media and gaming's stock?
3 equities research analysts have issued twelve-month price objectives for Score Media and Gaming's shares. Their forecasts range from C$38.00 to C$50.00. On average, they expect Score Media and Gaming's stock price to reach C$46.00 in the next twelve months.
What happened to my Score Media and Gaming stock?
Penn National Gaming Inc has completed its previously announced acquisition of Score Media and Gaming Inc (theScore) for a total consideration of approximately US$2bn in cash and stock. Originally the deal wasn't expected to be completed until early 2022.
What happens to my score Media shares?
[+] Penn National Gaming will acquire Toronto-based Score Media and Gaming, which runs sports betting platform theScore, for $2 billion. Penn National, which announced the deal on Thursday, will pay Score Media shareholders $34 per share in a mix of stock and cash.
What will happen to SCR stock?
With the deal expected to close in the first quarter of 2022, Kadve estimates SCR shareholders would receive a premium greater than 80 per cent in relation to theScore's August 4 closing price of $21.68/share. Upon completion, theScore shareholders will own seven per cent of PENN's outstanding common shares.
Who bought theScore stock?
Penn National Gaming, Inc.WYOMISSING, Pa. and TORONTO, October 19, 2021--(BUSINESS WIRE)--Penn National Gaming, Inc. (PENN: NASDAQ) ("Penn National" or the "Company") today completed its previously announced acquisition of Score Media and Gaming Inc. ("theScore") for total consideration of approximately U.S.$2.0 billion in cash and stock.
Should I sell my score media stock?
3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Score Media and Gaming in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Score Media and Gaming stock.
How much did SCR sell for?
Shares of theScore close up 79% after Penn National announces plans to buy the company for $2 billion. Penn National's purchase of Toronto-based media company Score Media and Gaming allows the company to obtain in-house technology and grow its presence across North America.
Should I sell my SCR stocks?
The consensus among Wall Street analysts is that investors should "hold" Score Media and Gaming stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SCR, but not buy additional shares or sell existing shares.
Is theScore a good investment?
theScore stock is a buy Growth prospects are very good for 2021 and even better for 2022. Indeed, revenue growth of 71.7% and 79.1% are expected for 2021 and 2022, respectively. If we look at profits, they are expected to increase by 15.5% and 46.2%, respectively, for 2022.
How high can SCR stock go?
Based on 1 Wall Street analysts offering 12 month price targets for Score Media and Gaming in the last 3 months. The average price target is C$46.92 with a high forecast of C$46.92 and a low forecast of C$46.92.
How much did Penn pay for score?
approximately U.S.$2.0 billionPenn National Gaming, Inc. completed its previously announced acquisition of Score Media and Gaming Inc. on Tuesday, Oct. 19 for total consideration of approximately U.S.$2.0 billion in cash and stock.
How does theScore make money?
TheScore makes money from sponsorship and digital ads and from the app, and launched its theScore Bet app for mobile wagers in 2019.
Did barstool buy Score?
The acquisition of Score Media and Gaming adds to Penn National's holdings in sports media after it bought a 36 per cent stake in Barstool Sports Inc. in 2020.
Should I buy or sell Score Media and Gaming stock right now?
3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Score Media and Gaming in the last year. There are curre...
What is Score Media and Gaming's stock price forecast for 2022?
3 analysts have issued 1-year price objectives for Score Media and Gaming's stock. Their forecasts range from C$38.00 to C$50.00. On average, they...
When did Score Media and Gaming's stock split? How did Score Media and Gaming's stock split work?
Score Media and Gaming's stock reverse split on Thursday, February 18th 2021. The 1-10 reverse split was announced on Friday, February 12th 2021. T...
Who are Score Media and Gaming's key executives?
Score Media and Gaming's management team includes the following people: Mr. John S. Levy , Founder, Chairman & CEO Mr. Benjamin David Levy , Pre...
Who are some of Score Media and Gaming's key competitors?
Some companies that are related to Score Media and Gaming include Codemasters Group (CDM) , Sumo Group (SUMO) , Team17 Group (TM17) , Devolver...
What is Score Media and Gaming's stock symbol?
Score Media and Gaming trades on the Toronto Stock Exchange (TSX) under the ticker symbol "SCR."
How do I buy shares of Score Media and Gaming?
Shares of SCR and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian...
How much money does Score Media and Gaming make?
Score Media and Gaming (TSE:SCR) has a market capitalization of C$0.00 and generates C$23.03 million in revenue each year.
How many employees does Score Media and Gaming have?
Score Media and Gaming employs 258 workers across the globe.
Who are Score Media and Gaming's key executives?
Score Media and Gaming's management team includes the following people: Mr. John S. Levy , Founder, Chairman & CEO Mr. Benjamin David Levy , Pre...
Who are some of Score Media and Gaming's key competitors?
Some companies that are related to Score Media and Gaming include AB International Group (ABQQ) , Aristocrat Leisure (ARLUF) , Aristocrat Leisur...
What is Score Media and Gaming's stock symbol?
Score Media and Gaming trades on the OTCMKTS under the ticker symbol "TSCRF."
How do I buy shares of Score Media and Gaming?
Shares of TSCRF can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBu...
How many employees does Score Media and Gaming have?
Score Media and Gaming employs 258 workers across the globe.
What is Score Media and Gaming's official website?
The official website for Score Media and Gaming is www.thescore.com .
How can I contact Score Media and Gaming?
The company can be reached via phone at 416 479 8812 .
theScore stock details
Pennsylvania-based casino giant Penn National Gaming reached out to theScore with a buyout offer yesterday. The deal is worth US$2 billion, or CA$2.5 billion — much higher than what theScore stock was worth just a few days ago.
Arbitrage
Arbitrage opportunities in merger and acquisition deals are not uncommon. However, most of these opportunities are small, rare, and fleeting.
Bottom line
Penn’s offer to buy Score Media and Gaming is the ideal rescue deal. It helps Penn gain access to the popular Score app and media assets, while bailing out Score stock investors who’ve been losing capital throughout the year.
Stock Advisor Canada Returns
Returns since inception, October 2013. Current as of February 17, 2022.
About Score Media and Gaming
Score Media and Gaming Inc. operates as a sports media company in North America.
Headlines
Sports betting laws open up in Canada today. Who’s taking new types of bets?
Score Media and Gaming (TSE:SCR) Frequently Asked Questions
3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Score Media and Gaming in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock.
0.0 Analyst's Opinion
Score Media and Gaming has received 3 “outperform” votes. (Add your “outperform” vote.)
Who are some of Score Media and Gaming's key competitors?
Some companies that are related to Score Media and Gaming include AB International Group (ABQQ), Aristocrat Leisure (ARLUF), Aristocrat Leisure (ALL), CD Projekt (OTGLY), ClickStream (CLIS), Embracer Group AB (publ) (THQQF), Emerge Gaming (EM1), Enthusiast Gaming (ENGMF), Esports Mogul (ESH), iCandy Interactive (ICI), IGG (IGGGF), Kingsoft (KSFTF), NetEnt AB (publ) (NTNTY), NEXON (NEXOF) and Paradox Interactive AB (publ) (PRXXF). View all of TSCRF's competitors..
What is Score Media and Gaming's stock symbol?
Score Media and Gaming trades on the OTCMKTS under the ticker symbol "TSCRF."
How do I buy shares of Score Media and Gaming?
Shares of TSCRF can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here.
What is Score Media and Gaming's stock price today?
One share of TSCRF stock can currently be purchased for approximately $37.89.
What happened
Shares of Score Media and Gaming (NASDAQ: SCR) soared on Thursday after the sports betting company said it agreed to be acquired by casino giant Penn National Gaming (NASDAQ: PENN). As of 2:30 p.m. EDT, theScore's stock price was up a stunning 82%.
So what
The deal values theScore at roughly $2 billion, or $34 per share. Shareholders are slated to receive $17 in cash and 0.2398 shares of Penn National stock for each share of theScore they own. The transaction is expected to close in the first quarter of 2022, subject to regulatory and shareholder approval.
Now what
Investors applauded the deal. In addition to theScore's staggering gains, Penn National's stock price also jumped over 8% on the news.
What is Score Media?
Score Media is the Canadian developer of mobile sports applications which runs the well-known sports scores, news and stats app, theScore , and more recently has grown a sports betting business currently online in New Jersey, Colorado, Indiana and Iowa.
Is there a sports betting bill in Canada?
Canada took a step forward last month when the House of Commons passed Bill C-218, the Sports Betting Act, which would allow single-event sports betting (Canada currently allows only parlay or multi-event betting in a restricted form). The bill still has to be passed by the Senate.
History
Launched in 1994 as Sportscope, theScore originally began as a network focusing on providing sports scores, airing in seven Canadian provinces. Sportscope's programming consisted solely of an alphanumeric text rotation of sports scores, news, and sports betting information, which aired alongside local and national advertising slides.
Headquarters
Score Media and Gaming Inc. is headquartered in Toronto, Canada, along King Street West. The facility, totalling approximately 30,881 square feet, houses the company's corporate, administration, sales and production teams; which, in total, consist of over 200 full-time employees.
