Score Media to list six million more shares on TSX
2021-02-25 23:30 ET - Prospectus Approved
The Toronto Stock Exchange reports that Score Media and Gaming Inc. will list an additional six million Class A subordinate voting shares at the open on March 1, 2021. According to the TSX, the listing will cover shares to be issued at $27 (U.S.) per share, pursuant to the terms of the prospectus supplement dated Feb. 24, 2021, to the company's short form base shelf prospectus dated Jan. 7, 2021.
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2021-03-01 07:52 ET - In the News
The Globe and Mail reports in its Monday edition that Rivalry, a Canadian e-sports betting platform, has raised $20-million (U.S.) in a round of financing as it pursues a stock exchange listing this year.
The Globe's Jaren Kerr writes that Steven Salz, the 30-year-old co-founder of Rivalry's parent company PMML Corp., did not disclose who financed the round, but said institutional funds from Canada, the U.S., Europe and Australia participated, along with a major gambling operator in Australia.
Mr. Salz said that Rivalry aims to be on a Canadian stock exchange in the first half of 2021. Founded in 2017, Rivalry offers betting on e-sports and traditional sports on its platform aimed at the youngest millennials and members of Generation Z. Rivalry is what upstart brokerage "Robinhood is to TD Ameritrade or Charles Schwab" in the world of on-line sports betting, according to Mr. Salz.
The company's offices are in Canada, but it has not taken a single bet from a Canadian customer because of licensing regulations.
A focus on e-sports differentiates Rivalry from British-based Bet365, or Canadian counterpart theScore, but Mr. Salz expects traditional sports betting to become their company's main business in about a year.
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