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theScore Bet Receives Authorization to Offer Online Sports Betting Activity in Colorado

BusinessWire - Wed Aug 5, 6:30AM CDT

Score Media and Gaming Inc. (TSX Venture: SCR) ("theScore" or "the Company"), is pleased to announce that its subsidiary, Score Digital Sports Ventures Inc. ("theScore Bet"), having substantially demonstrated to the satisfaction of the Colorado Division of Gaming that its sports betting operation meets the requirements of Colorado sports betting rules and regulations, has received authorization from the Division to offer mobile sports wagering services in Colorado.

"We can't wait to launch theScore Bet in Colorado later this month and showcase our incredible betting product to the passionate sports fans there," said John Levy, Founder and CEO of theScore. "This regulatory approval is another significant step toward theScore Bet's multi-state expansion as we roll out our uniquely integrated media and betting experience across the country."

theScore Bet secured market access to offer mobile sports betting in Colorado via its previously announced agreement with a subsidiary of U.S. gaming operator Jacobs Entertainment Inc.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

About Score Media and Gaming Inc.Score Media and Gaming Inc. empowers millions of sports fans through its digital media and sports betting products. Its media app 'theScore' is one of the most popular in North America, delivering fans highly-personalized live scores, news, stats, and betting information from their favorite teams, leagues, and players. The Company's sports betting app 'theScore Bet' delivers an immersive and holistic mobile sports betting experience and is currently available to place wagers in New Jersey. Publicly traded on the TSX Venture Exchange (SCR), theScore also creates and distributes innovative digital content through its web, social and esports platforms.

Forward-looking (safe harbour) statementStatements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement containing words such as "may", "would", "could", "will", "believes", "plans", "anticipates", "estimates", "expects" or "intends" and other similar statements which are not historical facts contained in this release are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Such statements reflect theScore's current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward looking statements, including among other things, those which are discussed under the heading "Risk Factors" in the Company's Annual Information Form as filed with applicable Canadian securities regulatory authorities and available on SEDAR under the Company's profile at www.sedar.com and elsewhere in documents that theScore files from time to time with such securities regulatory authorities, including its Management's Discussion & Analysis. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results could differ materially from the expectations expressed in these forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as required by applicable law or regulatory requirements.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200805005514/en/

SOURCE: Score Media and Gaming Inc.">

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