Sports Betting App Boosts theScore to 4-Year High
- theScore to launch sports betting mobile app in New Jersey
- Small-cap stock gains 35% this month on mobile app deals
The Oakland Raiders play the the Arizona Cardinals on Aug. 15.
Photographer: Christian Petersen/Getty Images
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Canada’s theScore Inc. rallied to the highest since July 2015 after getting the green light to launch a mobile application for sports betting in New Jersey.
The Toronto-based company said that it would first offer the mobile app to a select group of sports bettors in the U.S. state, before a statewide launch ahead of football season. Shares of the small-cap company climbed as much as 18% Friday, taking this month’s rally to 35%.