ORIGINAL: Sports Betting Boom: CEO’s of Penn National, FansUnite, Score Media and i3 Interactive Seize New Market Opportunities as Legalization Expands
2021-02-23 09:31 ET - News Release
NEW YORK, Feb. 23, 2021 (GLOBE NEWSWIRE) -- Wall Street Reporter, the trusted name in financial news since 1843, has published reports on the latest comments and insights from leaders at: Penn National Gaming (NASDAQ: PENN), i3 Interactive (CSE: BETS) (OTC: BLITF), FansUnite (OTC: FUNFF) (CSE: FANS), and Score Media and Gaming (OTC: TSCRF) (TSE: SCR).
Online betting markets are booming. With the recent success of New Jersey generating over $1 billion in taxable income per month, more states hungry for tax revenues are opening up to sports betting and gaming. Canada is now expected to open the market for sports betting with the passing of Bill C-218. Wall Street Reporter highlights the latest comments from industry thought leaders:
Score Media and Gaming (OTC: TSCRF) (TSE: SCR) CEO John Levy: “Enormous Opportunity For Sports Betting in Canada”
“...we're starting to unlock the potential of theScore and theScore Bet, showcasing the value of a fully integrated media and gaming business. As our gaming operations in the U.S. expand, we are simultaneously preparing for what is an enormous opportunity on the horizon in Canada, with the anticipated creation of a fully legalized and regulated sports betting and iGaming market...theScore’s popularity in Canada is unmatched in the mobile sports space, and we are eager to deliver theScore Bet to our fans in our home territory.
“... We estimate a market potential for online gaming in Canada at between US$3.8 billion and $5.4 billion in annual gross gaming revenue based on historical data, extrapolated from the legal online gaming markets in the U.S. and globally. It is now clear that there is cross party support and strong momentum to amend Canada's outdated federal laws and enable legal sports betting market to flourish.theScore is Canada's leading mobile sports brand, with millions of loyal app users across this country. And we're in a great position to capitalize on the expansion of online gaming. We're hard at work preparing for this sizeable opportunity and look forward to seeing legislation progress in 2021…”
Score Media and Gaming (OTC: TSCRF) (TSE: SCR) Earnings Highlights: http://bit.ly/2NWjNms
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| House Positions for C:SCR from 20210223 to 20210223 |
| House | Bought | $Val | Ave | Sold | $Val | Ave | Net | $Net |
|---|---|---|---|---|---|---|---|---|
| 7 TD Sec | 91,355 | 3,138,384 | 34.354 | 61,554 | 2,078,587 | 33.769 | 29,801 | -1,059,797 |
| 53 Morgan Stanley | 27,131 | 914,229 | 33.697 | 3,366 | 115,039 | 34.177 | 23,765 | -799,190 |
| 1 Anonymous | 85,657 | 2,863,502 | 33.43 | 69,683 | 2,368,340 | 33.987 | 15,974 | -495,162 |
| 79 CIBC | 86,663 | 2,941,677 | 33.944 | 72,890 | 2,482,268 | 34.055 | 13,773 | -459,409 |
| 88 Credential | 4,314 | 145,422 | 33.709 | 1,347 | 45,318 | 33.644 | 2,967 | -100,104 |
| 59 PI | 1,800 | 63,534 | 35.297 | 0 | 1,800 | -63,534 | ||
| 124 Questrade | 19,016 | 646,682 | 34.007 | 17,669 | 603,154 | 34.136 | 1,347 | -43,528 |
| 65 Goldman | 1,000 | 34,839 | 34.839 | 0 | 1,000 | -34,839 | ||
| 25 Odlum | 360 | 12,307 | 34.186 | 0 | 360 | -12,307 | ||
| 56 Edward Jones | 200 | 7,060 | 35.30 | 0 | 200 | -7,060 | ||
| 57 Interactive | 732 | 24,973 | 34.116 | 700 | 26,267 | 37.524 | 32 | 1,294 |
| 84 Ind Trading | 0 | 0 | 0 | 0 | ||||
| 22 Fidelity | 0 | 3 | 99 | 33.00 | -3 | 99 | ||
| 13 Instinet | 500 | 16,195 | 32.39 | 800 | 27,192 | 33.99 | -300 | 10,997 |
| 33 Canaccord | 12,080 | 410,856 | 34.011 | 13,029 | 445,739 | 34.211 | -949 | 34,883 |
| 39 Merrill Lynch | 2,200 | 72,600 | 33.00 | 4,000 | 137,127 | 34.282 | -1,800 | 64,527 |
| 212 Virtu | 25,295 | 848,867 | 33.559 | 27,486 | 933,698 | 33.97 | -2,191 | 84,831 |
| 74 GMP | 0 | 3,800 | 133,430 | 35.113 | -3,800 | 133,430 | ||
| 76 Industrial Alliance | 400 | 13,720 | 34.30 | 5,000 | 162,307 | 32.461 | -4,600 | 148,587 |
| 19 Desjardins | 335 | 11,619 | 34.684 | 5,015 | 169,988 | 33.896 | -4,680 | 158,369 |
| 2 RBC | 33,373 | 1,144,370 | 34.29 | 40,104 | 1,379,926 | 34.409 | -6,731 | 235,556 |
| 80 National Bank | 11,774 | 400,354 | 34.003 | 21,970 | 745,665 | 33.94 | -10,196 | 345,311 |
| 14 ITG | 1,300 | 44,206 | 34.005 | 11,900 | 389,226 | 32.708 | -10,600 | 345,020 |
| 9 BMO Nesbitt | 25,638 | 877,711 | 34.235 | 38,513 | 1,288,304 | 33.451 | -12,875 | 410,593 |
| 72 Credit Suisse | 1,400 | 49,420 | 35.30 | 15,400 | 512,232 | 33.262 | -14,000 | 462,812 |
| 85 Scotia | 12,189 | 416,900 | 34.203 | 30,483 | 1,055,526 | 34.627 | -18,294 | 638,626 |
| TOTAL | 444,712 | 15,099,427 | 33.953 | 444,712 | 15,099,432 | 33.953 | 0 | 5 |