National Post (National Edition)
SCORE PREPARES U.S. LISTING AFTER 230% SURGE
Score Media and Gaming Inc. won shareholder approval for a stock consolidation Wednesday, putting the company in a better position to list south of the border. The sports media and online betting company sought approval to consolidate shares in preparation for a U.S. stock listing, as it seeks exposure to a broader investor base and deeper capital markets. Some exchanges require a minimum per-share price for listings. Toronto-based Score Media fell 3.5 per cent Wednesday to $4.99 after six straight daily gains. It's up about 230 per cent this year, making it the top performer in the Roundhill Sports Betting & iGaming ETF (BETZ) and bringing the company's market capitalization to about $2.2 billion. Domestic prospects for sports betting legalization and its U.S. betting app have been a key driver for Score Media's shares.