Penn National Gaming acquires theScore, a sports betting and digital media company. Penn National will buy the latter for around $2 billion in stock and cash. Also, theScore shareholders will get $17 in cash and 0.2398 shares of Penn National. 

According to pay per head reports, the boards of directors of both approved the deal. Also, it is expected to complete in the first quarter of 2022. After completing the deal, theScore and Penn National shareholders will hold seven percent and 93 percent of Penn National’s outstanding shares.  

Penn National will fund the $1 billion cash portion of the deal using its existing cash. Penn National is happy to acquire theScore, which is the top sports app in Canada. Also, it is the third most popular app in entire North America. 

Penn National Gaming Acquires theScore

Penn National wants to offer its clients the best gaming, sports, and media ecosystem in the region. As a result, the company will create a community that is currently unavailable.   

Users can enjoy a mobile sports wagering and online casino platform with personalized wagers. Also, they want to provide improved in-gaming betting opportunities. At the same time, Penn National intends to offer engaging, customized entertainment and sports content and real-time stats and scores. 

theScore developed a modern player management system. Also, the company is finishing up the development of trading services and managed risk platform. theScore’s assets would lead to savings in third-party platform expenses. In addition, it allows Penn National to offer more products and services. 

Penn National would have access to theScore’s products and engineering staff. It would help the company with its customer engagement, acquisition, cash flows, and retention strategies. Also, people who want to learn how to be a bookie would love to have an early online market share that Penn National has.