Penn National completes $2bn acquisition of Score Media & Gaming
Penn National has bought the company that runs the sports betting platform theScore.
US.- Penn National Gaming has completed its $2bn acquisition of Canadian sports betting and sports company theScore Media & Gaming. It announced the deal with the Toronto-based company in August.
Penn National President and CEO Jay Snowden said: “We’re excited to be creating this powerful new entertainment flywheel that will provide us with multiple growth channels that transcend our current business verticals.”
John Levy, chairman and CEO of theScore added: “It is a truly exciting time to join Penn National and collaborate with their team to build a highly innovative and first-of-its-kind sports media and gaming company.
“There is natural alignment between the two companies, and we are perfectly positioned to capitalize on the growing entertainment opportunities across mobile sports media, sports betting and online casino. We believe the combined company is well-positioned to continue growing our business across North America, including the expected opening of sports and iGaming in Ontario later this year.”
In February, Penn National sealed a $31.1m cash deal to acquire Hollywood Casino Perryville and introduced a Barstool Sportsbook.
