Canada's Score Media and Gaming Inc., which operates sports news and sportsbook entities, has received approval to begin trading Class A shares of stock on the Toronto Stock Exchange beginning Tuesday.

The company graduated to the Toronto Stock Exchange after its shares had been traded at the TSX Venture Exchange.

The former owners of The Score Television Network in Canada opened the digital side of the company just as the television network was being sold to Rogers Communications in 2012. Score Media kept the mobile apps and websites, which it uses for its current operations.

Score Media founder John Levy and his family are the largest voting shareholders with an 11.8-percent stake in the company.

"We're excited to be listed on the Toronto Stock Exchange and further raise the profile of our growing leadership position in North American sports media, esports, and gaming," Levy said in a release. "This graduation comes at an exciting time for theScore as we continue the multi-state rollout of our award-winning sportsbook, theScore Bet, introducing our unique media and gaming experience to even more sports fans."

Identified under the ticker "SCR," shares of Score Media and Gaming Inc. were trading at .81 Canadian dollars per share, up 20.9 percent from previous close.

--Field Level Media