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theScore To Hold Special Meeting To Approve Corporate Changes in Anticipation of U.S. Sports Betting LaunchtheScore, Inc. (TSX Venture: SCR) ("theScore" or the "Company"), a leading developer of mobile sports platforms, today announced a special meeting of shareholders will be held to seek approval of certain corporate changes relating to the planned launch of the Company's sportsbook in the United States. In addition, to better reflect its integrated approach to mobile sports media and gaming, the Company plans to change its corporate name from theScore, Inc. to Score Media and Gaming Inc. As previously announced, the Company plans to debut its mobile sports betting applications in New Jersey in 2019, following receipt of all required approvals and licenses from the State of New Jersey Division of Gaming Enforcement (DGE) and the New Jersey Racing Commission (NJRC). To operate a sportsbook in the United States, the Company must comply with applicable U.S. federal, state and tribal gaming laws, compacts, regulations, rules and ordinances as well as obtain approvals and gaming licenses from applicable gaming authorities and gaming regulatory bodies. In order to facilitate the Company's compliance with such gaming laws and license requirements, the Board of Directors of the Company believes it is necessary to introduce certain restrictions on the issue, transfer and ownership of its securities, and to continue the Company's corporate existence under the laws of British Columbia to enable it to implement these changes. The special eeting is expected to be held on or about August 22, 2019. Additional details regarding the special meeting and the proposed resolutions will be included in a management information circular to be sent to the Company's shareholders in the coming weeks. The management information circular will also be filed with the applicable Canadian securities regulators and will be available on SEDAR at www.sedar.com. Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this news release.
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