Macquarie downgraded Score Media and Gaming from Outperform to Neutral
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/9/2021 | Outperform → Neutral | Macquarie | |
| 7/15/2021 | $22.00 → $21.00 | Equal-Weight | Morgan Stanley |
| 6/30/2021 | $22.00 | Equal-Weight | Morgan Stanley |
Transaction fortifies Penn National's 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 EBITDA, and $500mm+ of incremental long term adjusted EBITDA upside Penn National Gaming,
15-12B - Score Media & Gaming Inc. (0001787134) (Filer)
F-10POS - Score Media & Gaming Inc. (0001787134) (Filer)
S-8 POS - Score Media & Gaming Inc. (0001787134) (Filer)
Macquarie downgraded Score Media and Gaming from Outperform to Neutral
Morgan Stanley reiterated coverage of Score Media and Gaming with a rating of Equal-Weight and set a new price target of $21.00 from $22.00 previously
Morgan Stanley initiated coverage of Score Media and Gaming with a rating of Equal-Weight and set a new price target of $22.00
Special Meeting to be held October 12, 2021Acquisition expected to close in Q4 2021 TORONTO, Sept. 13, 2021 /CNW/ - Score Media and Gaming Inc. (TSX:SCR) (NASDAQ:SCR) ("theScore" or the "Company") is pleased to announce that the Company has filed its management information circular (the "Circular") for the special meeting (the "Meeting") of the Company's shareholders (the "Shareholders") to be held on Thursday, October 12, 2021 to approve the previously announced acquisition of theScore by Penn National Gaming, Inc. ("Penn National") by way of a plan of arrangement (the "Arrangement"). Under the terms of the Arrangement, an indirect wholly-owned subsidiary of Penn National ("Exchangeco")
- Multi-Year Partnership Provides theScore Bet Exclusive Access to Activate Across Canada's National Golf Championships - Score Media and Gaming Inc. (TSX:SCR, NASDAQ:SCR) ("theScore" or "the Company") announced today that its wholly-owned subsidiary, Score Digital Sports Ventures (Canada) Inc. ("theScore Bet"), has entered into a multiyear agreement with Golf Canada to become its Official Gaming Partner. The exclusive partnership makes theScore Bet the first ever gaming partner for Golf Canada and its prestigious National Open Golf Championships - the CP Women's Open and the RBC Canadian Open. The partnership, which begins in 2022, provides theScore Bet with access to activate across Gol
80,000-Square-Foot Waterfront Location Will House Company's Rapidly Expanding Workforce Score Media and Gaming Inc. (TSX:SCR, NASDAQ:SCR) ("theScore" or the "Company") and Menkes Developments Ltd. ("Menkes") together with partner BentallGreenOak announced today that they have entered into an agreement for theScore to lease an 80,000-square-foot space in the Waterfront Innovation Centre, an office and retail development property in downtown Toronto. The Company will occupy more than 85-percent of The Exchange, one of two buildings that make up the state-of-the-art complex. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/202108190055