BC Court Approves of Penn Purchase of theScore

This week British Columbia's Supreme Court approved of a purchase of theScore by Penn National Gaming, which will be finalized on October 19th.

The two group announced a purchase agreement in August that'll see Penn paying out $2 billion in cash and stock to absorb theScore. Each share of theScore will be paid $17 plus a 0.2398 share of Penn National stock to pay for the purchase.

Under the terms of the deal, theScore will hold 7% of Penn National, with existing members holding 93% of the remainder.

The purchase agreement was approved of by theScore shareholders with a 99.6% margin.

For Penn National, this deal will help give the company a step into the Canadian betting market, which legalized single-event sportsbetting earlier this year and left the choice for regulation up to individual provinces.

About the author

Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.

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