TheScore to open new 80,000 sq ft Toronto office
Canada-based operator agrees lease for downtown waterfront property as part of preparations for online sports betting expansion in home market
TheScore has agreed to lease an 80,000 sq ft space in the Waterfront Innovation Centre, an office and retail development property in downtown Toronto.
The Toronto-listed operator has said the new office will accommodate its “accelerating business operations” as part of wider preparations for the rollout of online sports betting in Canada.
The company will occupy more than 85% of The Exchange, one of two buildings that make up the state-of-the-art complex, which the firm has said aims to create an “open and collaborative” office environment tailored to its business.
The 475,000 sq ft Waterfront Innovation Centre comprises of two buildings, with three distinct but interconnected components: The Exchange, The Hive and The Nexus, a space which serves as a public square and direct connection between the two buildings.
As a tenant, theScore will be able to access the building’s ultra-high-speed broadband fibre-optic network, which aims to deliver internet connection speeds faster than the North American average, as well as state-of-the-art audio-visual and video conferencing tools.
TheScore CEO and chairman John Levy outlined the need to cater to the firm’s growing employee footprint, while also staying true to its Canadian roots.
“We are committed to supporting our strong Toronto roots, continuing to grow our operations and workforce, and are thrilled to do so in a new, state-of-the-art waterfront office space,” Levy explained.
“Moving into this newly constructed building affords us the opportunity to design our ideal work environment and provides ample space for our rapidly expanding team.
“The Waterfront is fast becoming a hub for some of Ontario’s most innovative and forward-thinking companies, and we are excited that it will be our home for many years to come,” he added.
Earlier this month, Penn National Gaming (PNG) agreed a $2bn deal to acquire theScore as part of PNG’s efforts to establish a foothold in the Canadian market.
PNG also talked up the advantages of adding theScore’s existing proprietary sportsbook to its sports betting operations, reducing its current reliance on third-party providers.
Picture credit: TheScore