RE:Cantech Letter: Can Score Media compete with DraftKings? Let's not forget how much PENN Gaming owns or The Score.
Penn National has subscribed for US$7.5 million of Class A Shares as part of the Private Placement, alongside other investors including John Levy Family Holdings Ltd., the family holding company of theScore Founder and CEO John Levy. Proceeds from the Private Placement will be used to facilitate the expansion of the Company’s sports betting platform in the United States including the funding of an upfront market access fee of US$7.5 million due to Penn National under the framework agreement. Closing of the Private Placement, expected to occur on or about August 9, 2019, is subject to approval of the TSX Venture Exchange.
That was 17,000,000 shares pre split. Which is 1.7m shares of the current float.
Penn Gaming is invested here.