- Executive joins as senior advisor to support leading digital sports media company's evaluation of US sports betting opportunities
TORONTO, Aug. 7, 2018 /CNW/ - theScore, Inc. (TSX Venture: SCR), a leader in digital sports media, today announced that senior interactive gaming and sports betting executive David Wang has joined as a Senior Advisor to the Company as it evaluates US sports betting opportunities.
Wang, who has more than 15 years of experience in the interactive gaming and sports betting space, has held various senior executive roles for leading global gaming operators including Wynn Resorts (NASDAQ: WYNN) and MGM Resorts (NYSE:MGM) and is currently CEO of bet.works, a privately held investment company focused on regulated US sports betting.
"David and the bet.works team significantly reinforces theScore's expertise as we continue to explore opportunities in the US sports betting space," said John Levy, CEO and Founder of theScore. "This appointment is another important step as we ramp-up our efforts to capitalize on this great opportunity."
Following the United States Supreme Court's recent decision to overturn the Professional and Amateur Sports Protection Act of 1992 (PASPA), individual states in America now have the right to legalize sports betting.
Wang has a proven track record of success in launching and operating various market-leading interactive gaming/sports betting businesses. Wang served as Corporate Vice President of Interactive Gaming at Wynn Resorts, where he oversaw the launch of the company's mobile sports betting business, social casino and various digital gaming initiatives. Prior to that, Wang held the position of Vice President of Online Gaming at MGM Resorts where he helped lead its interactive/digital sports betting business and devised the company's interactive gaming market entry strategy.
"theScore is uniquely placed to capitalize on the recent legalization of sports betting the US and I'm excited for the opportunity to join John and his team as they execute on their vision," said Wang. "Their large, highly engaged audience across their leading mobile app and other online channels, coupled with their innovative tech-driven approach in creating great mobile experiences and content that reaches some 40M sports fans a month, gives them a powerful platform to leverage across the US gaming space."
In connection with this appointment, theScore announced the grant of 200,000 options to Wang's company, bet.works, Corp on August 3, 2018. Each option is exercisable for one Class A Subordinate Voting Share of theScore at an exercise price of $0.385, vests upon achievement of certain business milestones, and has a term of five years. Each option is exercisable in accordance with the terms and conditions of the Company's stock option plan.
Neither 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 theScore Inc.
theScore's mission is to create highly-engaging digital products and content that empower the sports fan's experience. Its flagship mobile app 'theScore' is one of the most popular multi-sport news and data apps in North America, serving millions of fans a month. The Company also creates innovative digital sports experiences through its web, social and esports platforms.
About bet.works Corporation
bet.works Corporation is a privately held investment company based in Las Vegas, Nevada and focused on the US regulated sports betting market. The company prides itself on the teams' decades of success as operators, entrepreneurs and investors in the US regulated interactive gaming and sports betting industry.
Forward-looking (safe harbour) statement
Statements 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 and Short-form Prospectus as filed with the TSX Venture Exchange and available on SEDAR at www.sedar.com and elsewhere in documents that theScore files from time to time with securities regulatory authorities. 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.
SOURCE theScore, Inc.
For further information: James Bigg, Sr. Manager, Communications, theScore, Inc., Tel: 647-638-9281, Email: [email protected]