Canada Archives - Legal Sports Report

The Week In Sports Betting News: Florida, Seminole Finally Agree

Happy Monday, everyone. Sports betting news was again dominated by one of the crown-jewel states after New York owned headlines for so long. Sports betting in Florida looks like it is actually happening with a new compact signed between Gov. Ron DeSantis and the Seminole Indians. Be sure to follow @LSPReport on Twitter for any […] Read More

Posted on: April 26, 2021 | | Matthew Waters

Canada Sports Betting Bill Receives House Of Commons Approval

A bill repealing the ban on single-game sports betting in Canada is on to the next step. The House of Commons adopted C-218 on its third reading Thursday evening. The bill would enable provincial governments to regulate sports betting in Canada. “One thing I find attractive about this legislation is the fact this activity is already going […] Read More

Posted on: April 22, 2021 | | Pat Evans

Revenue Lags For theScore Despite Bump In Handle

Despite an increase in fiscal second-quarter handle, theScore still is not generating sports betting revenue. TheScore posted a 491% year-over-year handle increase in its second-quarter results, the company announced Tuesday. The $81.6 million bet on theScore Bet was also a 46% increase over the first quarter. Those giant gains did not move the needle on […] Read More

Posted on: April 14, 2021 | | Pat Evans

How Big Could Single-Game Canada Sports Betting Market Become?

The steady drumbeat toward single-game Canada sports betting continues this month. Canadian hopes for single-game sports betting appear to be approaching realization. Just what single-game betting will look like in each province remains uncertain, but there is at least seemingly great support for a repeal of Section 207(4)(b) of the Criminal Code of Canada in […] Read More

Posted on: April 13, 2021 | | John Holden

Opinion: Another Week, Another Canada Sports Betting Hearing In The Books

The steady progress toward single-game sports betting in Canada appears on track although potential storm clouds can be seen on the horizon. Late last month, a Canadian Parliamentary Committee held additional hearings. These were for the purpose of potentially amending the country’s Criminal Code to allow single-game sports betting in CA. The hearings featured testimony […] Read More

Posted on: April 6, 2021 | | John Holden

Path For Canada Sports Betting Could Become Clear At Hearing Next Week

This is crunch time for single-game wagering in Canada. On March 9, the Canadian House of Commons Standing Committee on Justice and Human Rights held a hearing on Bill C-218, An Act to amend the Criminal Code. This is more widely known as the bill that would enable provinces to allow for single-game betting in […] Read More

Posted on: March 19, 2021 | | John Holden

Why PointsBet is Bullish On Open New York Sports Betting Market

PointsBet CEO Sam Swannell said he was confident New York was heading in the right direction, despite the Governor's support for a monopoly. Read More

Posted on: March 3, 2021 | | Brad Allen

How Much Money Did theScore Raise From Its US Stock Listing?

TheScore raised $186 million from its dual-listing in the US, with the money going towards expanding its online sportsbook in the US and Canada. Read More

Posted on: March 1, 2021 | | Brad Allen

Stock Price For theScore IPO Set, Share Offering Increased

Canadian media company theScore set the price Wednesday for its initial public offering (IPO) in US markets. The Toronto-based outfit officially goes up for offer Thursday on Nasdaq (SCR) at a price of $27 per share. TheScore initially planned to put up 5 million Class A shares but decided prior to the launch to increase […] Read More

Posted on: February 25, 2021 | | Adam Candee

US Listing Coming As theScore Announces IPO Plans Ahead Of Canada Sports Betting

TheScore Media and Gaming will head to Nasdaq. The Toronto-based company announced its US initial public offering on Monday. Earlier this month, the company’s board of directors and shareholders voted to move forward with a dual listing in the United States and Canada. An application to trade on Nasdaq under the symbol “SCR” was filed, […] Read More

Posted on: February 23, 2021 | | Pat Evans