Penn National Gaming (PENN) Acquires Score Media and Gaming (SCR) for $2B in Cash and Stock

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Go back to Penn National Gaming (PENN) Acquires Score Media and Gaming (SCR) for $2B in Cash and Stock

Penn National Gaming to Acquire Score Media and Gaming, Creating North America’s Leading Digital Sports Content, Gaming and Technology Company

August 5, 2021 7:01 AM EDT

Transaction fortifies Penn Nationals bespoke digital media and gaming strategy, creating a complete one-stop destination

Addition of theScore's fully integrated betting and media platform into existing ecosystem will lead to best-in-class engagement and retention

Brings theScore's cutting-edge technology in-house, providing Penn with full ownership of product roadmap

Establishes strong commitment to Canada; Levy Family will continue to oversee theScore, including workforce expansion and Ontario operations

Provides adjusted EBITDA accretion by Year 2, an incremental $200mm+ medium term adjusted... More