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Score Media And Gaming

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uuid0004ija

Namestring
Score Media And Gaming
Legal namestring
Score Media and Gaming Inc.
Company typeenum
Private
Founded yearint
1997
Descriptiontext

Score Media and Gaming Inc. is a Toronto-based digital sports media and sports betting company that builds mobile-first products connecting sports fans to news, scores, and wagering. The company originated in 1997 as a Canadian cable sports television network, divested its TV assets in 2012, and repositioned itself as a mobile-only sports media platform anchored by the theScore app — described in company materials as one of the most popular mobile sports media platforms in North America. In 2015 the company added an esports media property (theScore esports), and following the 2018 U.S. legalization of sports betting, debuted theScore Bet in September 2019 as the first media-company-launched mobile sportsbook in North America. theScore Bet was further extended into Ontario with a sportsbook and casino offering in 2022.

The company's product portfolio spans three flagship consumer apps — theScore (sports media), theScore Bet (sportsbook and casino), and theScore esports — distributed across iOS, Android, and major social platforms including Instagram, TikTok, X, YouTube, and Facebook. Underlying the portfolio is a tightly integrated media-to-betting mobile funnel in which free media engagement is designed to convert into wagering activity on theScore Bet. Revenue is generated through wager-based transactions on the sportsbook/casino and through advertising, sponsorship, and content monetization across owned-and-operated digital channels; pricing for the media app is free while the sportsbook operates on a pay-as-you-go wager model with no publicly disclosed pricing tiers. The company maintains offices in Toronto, Ontario and Hoboken, New Jersey.

In October 2021, Score Media and Gaming was acquired by Penn Entertainment and now operates as a wholly-owned private subsidiary within Penn's digital sports media, gaming, and technology group. Following the end of Penn's ESPN Bet agreement with Disney, Penn is transitioning a 2.9 million-user database to theScore Bet, positioning the brand as Penn's primary North American online sports wagering property. The company carries a Great Place to Work (Canada) certification and operates within North American regulated betting markets in the U.S. and Ontario.

Short descriptiontext

Score Media and Gaming builds mobile-first sports media, sportsbook, and esports apps (theScore, theScore Bet, theScore esports) for North American sports fans. Operating as a wholly-owned subsidiary of Penn Entertainment since October 2021, with wager-based and advertising revenue streams.

Operating statusenum
Acquired
Ownership categoryenum
Headcount rangeband
251–500
akta.pro rankint
HeadquartersToronto, Canada
HQ citystring
Toronto
HQ countrystring
Canada
HQ regionstring
North America
Markets served

Serves global market

Keyword5 values
mobile sports media, sports betting platform, esports media, mobile sportsbook, sports content apps
Industry3 codes
1Sportsbooks (Online & Mobile Operators)
CodeMPAEACAAPrimaryYes
2Sports Data Feeds & Integrity Monitoring
CodeMPAEACAEPrimaryNo
3Sportsbook Affiliate & Comparison Sites
CodeMPAEAMAAPrimaryNo
NAICS code2 codes
  • Gambling Industries7132
  • Spectator Sports71121
Product category
Mobile Sports Media and Betting
GTM motion2 records

Each record includes

Type, Description, Source

Revenue model2 records
1Sports Betting (theScore Bet)
TypeTransaction Fee
Description

Transaction-based revenue from mobile sportsbook and casino wagers placed by users across North America (debuted 2019, expanded to Ontario in 2022). Following Penn's exit from ESPN Bet, Penn retained a database of 2.9 million users and is transitioning them to theScore Bet.

scoremediaandgaming.com
2Sports & Esports Media (theScore / theScore esports)
TypeAdvertising
Description

Revenue derived from digital sports media properties (mobile app, social content) used to engage millions of fans daily, including potential advertising, sponsorship, and content monetization across owned-and-operated digital channels.

scoremediaandgaming.com
Cost components4 values
Technology or R&D, Personnel, Marketing or Sales, Operations
Pricing details1 tier
1Free theScore media app plus wager-based theScore Bet sportsbook
ModelOtherBilling cadencePay-as-you-go
Notes

theScore media app is free; theScore Bet is a wager-based product with no publicly disclosed pricing tiers.

scoremediaandgaming.com
GTM typeB2C
B2C
Offering typeSoftware
Software
Brand1 of 3 records shown
1theScore
Description

Flagship mobile sports media app — one of the most popular mobile sports media platforms in North America.

scoremediaandgaming.com
+2 more records
Core offering1 text field

Score Media and Gaming operates three mobile-first digital sports products under the theScore brand. The flagship theScore app delivers sports scores, news, and personalized fan coverage to millions of users across North America. The theScore Bet mobile sportsbook and casino (launched 2019) enables fans to place wagers, with seamless integration into the flagship media app. The theScore esports division distributes digital esports content across social platforms reaching hundreds of millions of fans globally.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

Score Media and Gaming operates a three-product digital sports portfolio under theScore brand rather than a single unified product. The flagship is theScore, a leading North American mobile sports media app. The portfolio is extended by two sub-brands: theScore Bet, a mobile sportsbook and casino tightly integrated with the flagship app to combine media and betting, and theScore esports, a dedicated esports media property. Following Penn Entertainment's October 2021 acquisition, the company sits within Penn's digital sports media, gaming and technology group, with theScore Bet being the brand Penn transitioned users to after ending its prior ESPN Bet partnership.

Product and service3 records
1theScore
CategoryMobile Sports Media
Description

Flagship mobile sports media app described as 'The best sports app ever'. One of the most popular mobile sports media platforms in North America, delivering authentic and innovative sports coverage including real-time scores, news, and personalized fan content to millions of fans daily.

2theScore Bet
CategoryMobile Sports Betting
Description

Mobile sports betting platform (sportsbook and casino) providing the ultimate mobile sports betting experience. Uniquely harnesses media and betting through seamless integration with the flagship theScore app. Includes theScore Bet Sportsbook and Casino, with operations in Ontario following 2022 launch.

3theScore esports
CategoryEsports Media
Description

Esports media property described as 'North America's preeminent esports media destination'. Distributes digital esports content across social platforms (Instagram, TikTok, X, YouTube, Facebook) reaching hundreds of millions of fans globally.

Recent move8 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Flutter Entertainment-owned mobile sportsbook and casino, the largest U.S. operator by gross gaming revenue. Directly competes with theScore Bet across U.S. states and offers similar product breadth in sports wagering and casino.

TypeBroad incumbent
Description

Warner Bros. Discovery-owned digital sports media platform with strong social distribution. Comparable to theScore as a mobile and social-first sports media brand competing for the same North American fan audiences.

TypeDirect peer
Description

Caesars Entertainment's online sports betting and casino platform with broad U.S. state coverage. Directly competes with theScore Bet and benefits from the Caesars Rewards database for customer acquisition, similar in structure to theScore's media-to-betting funnel.

TypeDirect peer
Description

Australia-founded mobile sportsbook with North American operations and a proprietary in-house technology and trading platform. Comparable to theScore Bet as a technology-driven challenger sportsbook competing for share against larger incumbents.

TypeBroad incumbent
Description

Subscription-based digital sports media property owned by The New York Times. Comparable to theScore media app as a North American digital sports media destination, though focused on long-form subscription journalism rather than mobile-first scores and betting integration.

TypeOthers
Description

Global sports data and technology provider serving sportsbooks, media companies, and leagues. Adjacent comparable to theScore ecosystem as a sports technology and data infrastructure provider enabling mobile sportsbook and media operations.

TypeDirect peer
Description

Leading U.S. mobile sportsbook and online casino operator with a national footprint and integrated daily fantasy sports product. Directly comparable to theScore Bet as a mobile-first sports betting platform competing for the same North American users.

TypeDirect peer
Description

Operates the BetRivers and PlaySugarHouse mobile sportsbooks in the U.S., Canada, and Latin America. Comparable to theScore Bet as a multi-jurisdiction mobile sportsbook with an established Ontario presence.

TypeDirect peer
Description

Joint venture between MGM Resorts and Entain operating a mobile sportsbook and iGaming platform in North America. Directly comparable to theScore Bet as a multi-state sportsbook with omnichannel ties to a major U.S. gaming operator.

TypeDirect peer
Description

Hard Rock Digital's mobile sportsbook operating across multiple U.S. states. Directly comparable to theScore Bet as a multi-state mobile sportsbook tied to a major hospitality and gaming brand.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature4 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
No data
Compliance1 record

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds2 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Score Media And Gaming

Mobile Sports Media and Bettingscoremediaandgaming.com

Score Media and Gaming builds mobile-first sports media, sportsbook, and esports apps (theScore, theScore Bet, theScore esports) for North American sports fans. Operating as a wholly-owned subsidiary of Penn Entertainment since October 2021, with wager-based and advertising revenue streams.

What Score Media And Gaming does

Score Media and Gaming Inc. is a Toronto-based digital sports media and sports betting company that builds mobile-first products connecting sports fans to news, scores, and wagering. The company originated in 1997 as a Canadian cable sports television network, divested its TV assets in 2012, and repositioned itself as a mobile-only sports media platform anchored by the theScore app — described in company materials as one of the most popular mobile sports media platforms in North America. In 2015 the company added an esports media property (theScore esports), and following the 2018 U.S. legalization of sports betting, debuted theScore Bet in September 2019 as the first media-company-launched mobile sportsbook in North America. theScore Bet was further extended into Ontario with a sportsbook and casino offering in 2022.

The company's product portfolio spans three flagship consumer apps — theScore (sports media), theScore Bet (sportsbook and casino), and theScore esports — distributed across iOS, Android, and major social platforms including Instagram, TikTok, X, YouTube, and Facebook. Underlying the portfolio is a tightly integrated media-to-betting mobile funnel in which free media engagement is designed to convert into wagering activity on theScore Bet. Revenue is generated through wager-based transactions on the sportsbook/casino and through advertising, sponsorship, and content monetization across owned-and-operated digital channels; pricing for the media app is free while the sportsbook operates on a pay-as-you-go wager model with no publicly disclosed pricing tiers. The company maintains offices in Toronto, Ontario and Hoboken, New Jersey.

In October 2021, Score Media and Gaming was acquired by Penn Entertainment and now operates as a wholly-owned private subsidiary within Penn's digital sports media, gaming, and technology group. Following the end of Penn's ESPN Bet agreement with Disney, Penn is transitioning a 2.9 million-user database to theScore Bet, positioning the brand as Penn's primary North American online sports wagering property. The company carries a Great Place to Work (Canada) certification and operates within North American regulated betting markets in the U.S. and Ontario.

Score Media And Gaming firmographics

Firmographics
Name
Score Media And Gaming
Legal name
Score Media and Gaming Inc.
Website
https://scoremediaandgaming.com
Company type
Private
Founded year
1997
Operating status
Acquired
Headcount range
251–500 employees
Short description
Score Media and Gaming builds mobile-first sports media, sportsbook, and esports apps (theScore, theScore Bet, theScore esports) for North American sports fans. Operating as a wholly-owned subsidiary of Penn Entertainment since October 2021, with wager-based and advertising revenue streams.
Ownership category
akta.pro rank

Score Media And Gaming industry classification

Industry
Product category
Mobile Sports Media and Betting
NAICS
Gambling Industries (7132), Spectator Sports (71121)
akta.pro primary industry
Sportsbooks (Online & Mobile Operators) (MPAEACAA)
akta.pro secondary industries
Sports Data Feeds & Integrity Monitoring (MPAEACAE), Sportsbook Affiliate & Comparison Sites (MPAEAMAA)

Keywords

  • Mobile sports media
  • Sports betting platform
  • Esports media
  • Mobile sportsbook
  • Sports content apps

Where Score Media And Gaming is headquartered

Location

Headquarters

HQ city
Toronto
HQ country
Canada
HQ region
North America

Markets served

Score Media And Gaming business model

Business model
GTM type
B2C
Offering type
Software
Cost components
Technology or R&D, Personnel, Marketing or Sales, Operations

Revenue model

  1. Sports Betting (theScore Bet): Transaction-based revenue from mobile sportsbook and casino wagers placed by users across North America (debuted 2019, expanded to Ontario in 2022). Following Penn's exit from ESPN Bet, Penn retained a database of 2.9 million users and is transitioning them to theScore Bet.
  2. Sports & Esports Media (theScore / theScore esports): Revenue derived from digital sports media properties (mobile app, social content) used to engage millions of fans daily, including potential advertising, sponsorship, and content monetization across owned-and-operated digital channels.

Pricing tiers

ModelBillingPrice
OtherPay-as-you-goFree theScore media app plus wager-based theScore Bet sportsbook

Go-to-market motion2 records

Score Media And Gaming product offering

Product offering

Core offering

Score Media and Gaming operates three mobile-first digital sports products under the theScore brand. The flagship theScore app delivers sports scores, news, and personalized fan coverage to millions of users across North America. The theScore Bet mobile sportsbook and casino (launched 2019) enables fans to place wagers, with seamless integration into the flagship media app. The theScore esports division distributes digital esports content across social platforms reaching hundreds of millions of fans globally.

Product overview

Score Media and Gaming operates a three-product digital sports portfolio under theScore brand rather than a single unified product. The flagship is theScore, a leading North American mobile sports media app. The portfolio is extended by two sub-brands: theScore Bet, a mobile sportsbook and casino tightly integrated with the flagship app to combine media and betting, and theScore esports, a dedicated esports media property. Following Penn Entertainment's October 2021 acquisition, the company sits within Penn's digital sports media, gaming and technology group, with theScore Bet being the brand Penn transitioned users to after ending its prior ESPN Bet partnership.

Differentiator

Problem solved

Functional benefit

Brands

  • theScore: Flagship mobile sports media app — one of the most popular mobile sports media platforms in North America.
  • theScore Bet
  • theScore esports

Products and services

  • theScore Flagship mobile sports media app described as 'The best sports app ever'. One of the most popular mobile sports media platforms in North America, delivering authentic and innovative sports coverage including real-time scores, news, and personalized fan content to millions of fans daily.
  • theScore Bet Mobile sports betting platform (sportsbook and casino) providing the ultimate mobile sports betting experience. Uniquely harnesses media and betting through seamless integration with the flagship theScore app. Includes theScore Bet Sportsbook and Casino, with operations in Ontario following 2022 launch.
  • theScore esports Esports media property described as 'North America's preeminent esports media destination'. Distributes digital esports content across social platforms (Instagram, TikTok, X, YouTube, Facebook) reaching hundreds of millions of fans globally.

Companies that use Score Media And Gaming

Customer profile

Ideal customer profiles1 record

Score Media And Gaming technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature4 records

Score Media And Gaming partnerships and signals

Strategic signal

Recent moves8 records

Expansion highlights5 records

Score Media And Gaming competitors and assessment

Company assessment

Direct peers

  • FanDuel: Flutter Entertainment-owned mobile sportsbook and casino, the largest U.S. operator by gross gaming revenue. Directly competes with theScore Bet across U.S. states and offers similar product breadth in sports wagering and casino.
  • Caesars Sportsbook: Caesars Entertainment's online sports betting and casino platform with broad U.S. state coverage. Directly competes with theScore Bet and benefits from the Caesars Rewards database for customer acquisition, similar in structure to theScore's media-to-betting funnel.
  • PointsBet: Australia-founded mobile sportsbook with North American operations and a proprietary in-house technology and trading platform. Comparable to theScore Bet as a technology-driven challenger sportsbook competing for share against larger incumbents.
  • DraftKings: Leading U.S. mobile sportsbook and online casino operator with a national footprint and integrated daily fantasy sports product. Directly comparable to theScore Bet as a mobile-first sports betting platform competing for the same North American users.
  • Rush Street Interactive (BetRivers / PlaySugarHouse): Operates the BetRivers and PlaySugarHouse mobile sportsbooks in the U.S., Canada, and Latin America. Comparable to theScore Bet as a multi-jurisdiction mobile sportsbook with an established Ontario presence.
  • BetMGM: Joint venture between MGM Resorts and Entain operating a mobile sportsbook and iGaming platform in North America. Directly comparable to theScore Bet as a multi-state sportsbook with omnichannel ties to a major U.S. gaming operator.
  • Hard Rock Bet: Hard Rock Digital's mobile sportsbook operating across multiple U.S. states. Directly comparable to theScore Bet as a multi-state mobile sportsbook tied to a major hospitality and gaming brand.

Broad incumbents

  • Bleacher Report: Warner Bros. Discovery-owned digital sports media platform with strong social distribution. Comparable to theScore as a mobile and social-first sports media brand competing for the same North American fan audiences.
  • The Athletic: Subscription-based digital sports media property owned by The New York Times. Comparable to theScore media app as a North American digital sports media destination, though focused on long-form subscription journalism rather than mobile-first scores and betting integration.

Others

  • Sportradar: Global sports data and technology provider serving sportsbooks, media companies, and leagues. Adjacent comparable to theScore ecosystem as a sports technology and data infrastructure provider enabling mobile sportsbook and media operations.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Score Media And Gaming social profiles

Digital presence

Score Media And Gaming compliance and trust

Trust signal

Compliance1 record

Score Media And Gaming financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Score Media And Gaming leadership team

Management profile

Number of profiles

Score Media And Gaming funding detail

Funding detail

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Score Media And Gaming M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Score Media And Gaming

What does Score Media And Gaming do?

Score Media and Gaming operates three mobile-first digital sports products under the theScore brand. The flagship theScore app delivers sports scores, news, and personalized fan coverage to millions of users across North America. The theScore Bet mobile sportsbook and casino (launched 2019) enables fans to place wagers, with seamless integration into the flagship media app. The theScore esports division distributes digital esports content across social platforms reaching hundreds of millions of fans globally.

Is Score Media And Gaming a public or private company?

Score Media And Gaming is a private company. It is classified as corporate owned and is currently acquired.

When was Score Media And Gaming founded?

Score Media And Gaming was founded in 1997. It employs 251 to 500 people.

Where is Score Media And Gaming based?

Score Media And Gaming is headquartered in Toronto, Canada, in the North America region.

How does Score Media And Gaming make money?

Two revenue lines are on record. Sports Betting (theScore Bet) is the primary driver. The others are sports & Esports Media (theScore / theScore esports).

Who are Score Media And Gaming's main competitors?

Direct peers on record are FanDuel, Caesars Sportsbook, PointsBet, DraftKings, Rush Street Interactive (BetRivers / PlaySugarHouse), BetMGM and Hard Rock Bet. Broad incumbents are Bleacher Report and The Athletic. Sportradar is listed as an others.

Does Score Media And Gaming have an API?

No public API is recorded for Score Media And Gaming.

What industry is Score Media And Gaming in?

Score Media And Gaming's product category is Mobile Sports Media and Betting. Its primary akta.pro industry code is MPAEACAA, Sportsbooks (Online & Mobile Operators), with a secondary code of MPAEACAE, Sports Data Feeds & Integrity Monitoring. Its NAICS code is 7132.

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Live signals
BenzingaEXCLUSIVE: Penn National Is Increasing Sports Betting Market Share With Different Approach, CEO Says - PEPenn National Gaming CEO Jay Snowden outlined the company's strategy to grow sports betting market share during football season with its Barstool Sportsbook app, which launched at the end of last year's football season. The company is acquiring Score Media and Gaming for $2 billion in cash and stock to combine theScore's social and community features with Barstool Sports' top-of-funnel brand. Snowden said Penn National differentiates itself by owning brands rather than renting through paid media, positioning the company to gain market share when competitors are forced to pull back.BenzingaHow Much Is Sports Betting In Canada Worth? New Report Says $25 Billion - PENN Entertainment (NASDAQ:PENNSingle-game wagering launched in Canada last week, opening a new regulated market for online sports betting operators. A PlayCanada whitepaper estimates the Canadian market could generate $2 billion in annual operator revenue and $25 billion in total wagers if fully legalized across all provinces. Penn National Gaming recently announced its acquisition of Score Media and Gaming, a leading Canadian sports media brand and gaming operator, as companies position for the newly opened market.Benzinga99 Biggest Movers From Yesterday - ACADIA Pharmaceuticals (NASDAQ:ACAD)The article lists significant stock market movers from the previous trading day, highlighting major percentage gains and losses across various sectors. Notable events include Penn National Gaming's agreement to acquire Score Media and Gaming for $2 billion, Qualcomm's offer to buy Veoneer, and substantial price swings following earnings reports or analyst upgrades/downgrades for companies like Zymergen, Wayfair, and Robinhood Markets.BenzingaWhy Penn National Gaming's Stock Is Trading Higher Today - PENN Entertainment (NASDAQ:PENN)Penn National Gaming reported better-than-expected Q2 EPS and sales results, driving its stock up approximately 9.6% to $72.60 per share. The company also announced it will acquire Score Media And Gaming for $17 per share in cash, with CEO Jay Snowden stating the deal positions Penn to offer a comprehensive mobile sports betting and iCasino platform. Dave Portnoy, President of Barstool Sports, highlighted Penn's plans to double the Barstool Sportsbook footprint by NFL season.BenzingaPenn National CEO Says Barstool Sports & theScore Will Be 'The Most Powerful Combination In The Space' -Penn National Gaming Inc announced it will acquire Score Media And Gaming Inc (theScore) for approximately $2 billion in cash and stock, creating a combined entity with Penn National's casino and sportsbook operations alongside theScore's media platform. Penn National CEO Jay Snowden described the deal, combined with existing Barstool Sports assets, as "the most powerful combination in the space" for integrated media and sports betting. On the same day, Penn National reported quarterly earnings of $1.17 per share, beating estimates of 90 cents, with revenue of $1.55 billion versus the $1.45 billion estimate.Benzinga68 Stocks Moving In Wednesday's Mid-Day Session - ACADIA Pharmaceuticals (NASDAQ:ACAD)The article reports on mid-day stock market movements for numerous companies, highlighting significant gains such as Score Media and Gaming's acquisition by Penn National Gaming and Zymergen's share surge following Cathie Wood's investment. It also details losses for firms like Inogen and Itron, which saw declines after downbeat earnings reports or analyst downgrades.BenzingaPenn National Acquires Score Media For $2B: Why Barstool Sports Founder Dave Portnoy Says It's A Good MatPenn National Gaming announced a $2 billion acquisition of Toronto-based Score Media and Gaming Inc (theScore), with Score Media shares jumping more than 75% on the news. The deal is expected to add $200 million in adjusted EBITDA in the medium-term and $500 million long-term, while expanding Penn National's mobile sports betting reach into Canada. The acquisition will provide Penn National access to theScore's technology, product and engineering talent, and data-driven user analytics to enhance its Barstool Sportsbook operations.BenzingaMid-Morning Market Update: Markets Open Higher; Kellogg Tops Q2 Views - Amplify Energy (NYSE:AMPY)Kellogg Company reported second-quarter FY21 net sales of $3.55 billion, beating analyst consensus and affirming its full-year guidance for operating profit and cash flow. Penn National Gaming announced a definitive agreement to acquire Score Media and Gaming Inc. for approximately $2.0 billion in cash and stock.Pulse 2.0Why Penn National Gaming (PENN) Is Buying Score Media And Gaming (SCR) For $2 BillionPenn National Gaming announced a $2.0 billion cash and stock acquisition of Score Media and Gaming, the operator of theScore sports app, with the transaction expected to close in the first quarter of 2022. The deal aims to integrate theScore's technology and user base with Penn National's Barstool Sports brand to create a vertically integrated media and gaming ecosystem in North America. Penn National expects the acquisition to drive significant EBITDA accretion and reduce third-party costs by gaining full control over its technology stack.PR NewswireSCR Alert: Johnson Fistel Launches Investigation into Score Media and Gaming - Stock Price has Plummeted Since IPO; Investors Suffering Losses Encouraged to Contact the FirmJohnson Fistel, a shareholder rights law firm, has launched an investigation into Score Media and Gaming Inc. for potential federal securities law violations related to the company's February 2021 IPO, which raised approximately $162 million by selling 6 million shares at $27 per share. The investigation was triggered by the company's July 2021 report of a significant Q3 loss of $0.78 per share (missing estimates by $0.48) and an EBITDA loss of $21.1 million, causing the stock price to plummet 9% to $15.99 per share. Johnson Fistel is seeking information from investors regarding potential misstatements or omissions in the company's SEC filings and investor communications.