Canadian sports and information company theScore reported a huge increase in its net losses for the year. Year-over-year, from the end of August 2018 to the end of August 2019, the company reported a total net loss increase of 59.3%. In most years, a significant increase in net losses experienced by a company would be disappointing, if not downright alarming. However, theScore has a reasonable explanation for why this occurred: It spent a heck of a lot more money in the last 12 months as it made the move (and investment) to enter the sportsbook marketplace in the United States. The move transitions theScore from a pure media and entertainment company into the online sportsbook world as well, a move that company officials believe will be very profitable for them in the future.