The Board of Scout Gaming Group has decided to conduct a directed rights issue of 900,000 shares

The Board of Scout Gaming Group has decided to issue a new issue of 900,000 new shares to institutional investors. The new issue was signed by Swedbank Robur, which after the Rights Issue becomes a significant owner with 1 180 000 shares (8.88% of the share capital after the Rights Issue). Existing shareholders in the form of Novobis AB, Knutsson Holding AB, Isoquant Holding AB, Naxs AB and Lars Wingefors AB also subscribed for shares in the rights issue. 

Through the Rights Issue, Scout Gaming Group will receive proceeds of approximately SEK 42 million before issue costs. The subscription price represents a discount of approximately 0.6% compared with the closing price of the Scout Gaming Group share on October 29, 2018.

The reason for deviating from the shareholders’ preferential rights through the implementation of a directed new issue, is to ensure in a cost-effective and timely manner, funding to enable completion of the Company’s expansion in the US market, where the Company recently entered into two partnership agreements (Milestone Entertainment and Metric Gaming), and to ensure the Company’s financial ability to expand its operations in existing and new markets.

For additional information, please contact:


Andreas Ternström, CEO, Scout Gaming
Tel: +46 706 770 660
E-mail: andreas.ternstrom@scoutgaminggroup.com

Billy Degerfeldt, CFO, Scout Gaming
Tel: +46 707581668
E-mail: billy.degerfeldt@scoutgaminggroup.com

About Scout Gaming Group

Scout Gaming Group is a licensed and regulated provider of B2B Daily Fantasy Sports and pool betting. The company offers a flexible and customizable network based Fantasy Sports solution with support for most sports and leagues through an in-house statcenter which also provides real-time information to players. Local sports can be provided on request. The Group has approximately 70 staff and is headquartered in Stockholm, Sweden with development and operations in Bergen, Norway and Lviv, Ukraine. Sales, support and product management is handled from the office in Malta. Scout Gaming is listed on Nasdaq First North.

Scout Gaming Group nominated for prestigious SBC Award

Scout Gaming Group is nominated for the prestigious SBC Award, which will be held on the 4th of December 2018 in The Artillery Garden
at the HAC.

Scout Gaming is shortlisted in the category “Best DFS Product”, together with 4 other qualified providers. We cross our fingers, and hope our hard work the last year will be recognized!

About SBC Award

SBC Award is now in its fifth year of rewarding and celebrating the very best In sports betting.

The awards recognize the achievements of operators and affiliates, as well as suppliers from across all the major disciplines including payments, marketing, platform providers and data.

About Scout Gaming Group

Scout Gaming Group is a licensed and regulated provider of B2B Daily Fantasy Sports and pool betting. The company offers a flexible and customizable network based Fantasy Sports solution with support for most sports and leagues through an in-house statcenter which also provides real-time information to players. Local sports can be provided on request. The Group has approximately 70 staff and is headquartered in Stockholm, Sweden with development and operations in Bergen, Norway and Lviv, Ukraine. Sales, support and product management is handled from the office in Malta. Scout Gaming is listed on Nasdaq First North.

Scout Gaming strikes follow-up deal with Norwegian NRK

Scout Gaming Group has entered into a follow-up agreement with Norwegian NRK AS, Norway’s public service radio and television, as well as the country’s largest television channel, for delivery of Winter Sports platform.

The agreement stipulates that Scout Gaming will provide a free-to-play platform for NRK targeting a couple of winter sports for the coming season. The agreement also includes an option for a wider co-operation for winter season 2019/2020.

“The fact that NRK chooses to continue with its Fantasy Sports venture is very pleasing. The summer’s initial trial for the World Cup was very successful and NRK, together with Norwegian TV2, had over 100,000 players active on Scout Gaming’s platform. The interest for our games gradually increases and I am pleased that NRK chooses to expand the cooperation. ”

“NRK is a leading sports producer and I’m particularly proud to be able to offer an engaging and entertaining product to NRK’s users. It is also encouraging that we are, once again, gaining confidence from a state-owned player, since many of our prioritized customers are in that segment, “commented Scout Gaming’s CPO, Andreas Sundal.

For additional information, please contact:

Andreas Sundal, CPO
Tel: +47 408 500 13
E-mail: andreas.sundal@scoutgaminggroup.com

About NRK

NRK – Norwegian Broadcasting Corporation – is the public service broadcaster in Norway, and  Norway’s biggest media house with a market share of 32 percent in 2017. The website nrk.no is the second biggest website in Norway, with 4,9 million users during an average week. For more information about NRK visit  www.nrk.no.

About Scout Gaming Group

Scout Gaming Group is a licensed and regulated provider of B2B Daily Fantasy Sports and pool betting. The company offers a flexible and customizable network based Fantasy Sports solution with support for most sports and leagues through an in-house statcenter which also provides real-time information to players. Local sports can be provided on request. The Group has approximately 70 staff and is headquartered in Stockholm, Sweden with development and operations in Bergen, Norway and Lviv, Ukraine. Sales, support and product management is handled from the office in Malta. Scout Gaming is listed on Nasdaq First North.

Scout Gaming and Metric Gaming signs partnership deal

Scout Gaming and Metric Gaming enter into a partnership agreement, for a co-offering primarily targeted at the US market.

The agreement provides reciprocal access to the other’s products and allows them to establish a leading global offering consisting of sports betting, fantasy sports and pool betting.

Scout Gaming and Metric Gaming have experienced an increased demand for their respective products in the US after the US Supreme Court’s ruling to suspend a federal ban on sports betting in New Jersey earlier this year, the so-called PASPA (Professional and Amateur Sports Protection Act of 1992). Since fantasy sports has a long-standing heritage in the US market, it is expected to be an important part of the gaming market going forward.

“We are experiencing interest from operators ready to launch a sportsbook offering in the United States as well as parties that have already launched,” commented Scout Gaming CEO Andreas Ternström.

The partnership, which is non-exclusive, states that Metric Gaming and Scout Gaming will jointly develop new products with the ambition to coalesce sports betting and fantasy sports games. Furthermore, as part of the agreement, Metric Gaming will provide traditional sports betting products for Scout Gaming’s Betflex application.

“Metric Gaming has a world-class sportsbook which, like our platform, is based on the latest technology. Through the collaboration, a leading offer for the American market, where Metric Gaming resides, will be created. At the same time, Scout Gaming gets an even broader offering for the European market by gaining access to sports odds, “continues Andreas Ternström.

“We see great potential in the partnership with Scout Gaming since our products complement each other perfectly. To come up with a full-scale offering consisting of the two best products on the market is something I believe will be nothing short of successful, “says Metric Gaming’s CEO, Martin De Knijff.

For additional information, please contact:

Andreas Ternström, CEO
Scout Gaming
Tel: +46 706 770 660
E-mail: andreas.ternstrom@scoutgaminggroup.com

About Scout Gaming Group

Scout Gaming Group is a licensed and regulated provider of B2B Daily Fantasy Sports and pool betting. The company offers a flexible and customizable network based Fantasy Sports solution with support for most sports and leagues through an in-house StatCenter which also provides real-time information to players. Local sports can be provided on request. The Group has approximately 70 staff and is headquartered in Stockholm, Sweden with development and operations in Bergen, Norway and Lviv, Ukraine. Sales, support and product management is handled from the office in Malta.

About Metric Gaming

Run by former Executives of some of the most established operators in the industry, Metric Gaming is a B2B sports betting provider that knows how to think B2C. With over 50 personnel across its London, Las Vegas and Uppsala offices, Metric Gaming has developed into one of the most compelling and dynamic independent sports betting suppliers in the industry with market-leading proprietary products and features.

Scout Gaming signs partnership deal with Milestone Entertainment

Scout Gaming and Milestone Entertainment enter into a partnership agreement to offer innovative fantasy sports and sports-related products in the North American market. Milestone Entertainment has been providing engaging interactive games and entertainment services to lotteries worldwide since 2000. Milestone’s customers in the United States include lotteries in California, Kansas, Idaho, New Hampshire, South Carolina, and Vermont.

The agreement stipulates that Milestone Entertainment will include localized versions of Scout Gaming’s products in their offering, primarily targeting the United States and Canada.

“Fantasy Sports has a long history in the American market with approximately 60 million players enjoying at least one type of game and daily fantasy sports (or DFS) is now legal in an increasing number and majority of states. When state operators, having a legacy of offering lottery and pool games, oversee the regulations, it becomes a natural step to expand their product portfolios into fantasy sports to create new revenue streams. Milestone Entertainment truly understands how to create compelling sports and entertainment products in the North American market and we expect this partnership to be very successful, “commented Scout Gaming CEO Andreas Ternström.

The partnership states that Milestone Entertainment and Scout Gaming together will offer Scout Gaming’s products to the US market.

“We are very excited to collaborate with Scout Gaming and bring their successful games to North America. Our team at Milestone Entertainment has years of experience with fantasy sports and sports-related products and the timing is right for our customers to expand beyond the existing lottery games, making Scout Gaming’s products especially attractive. We have carefully evaluated suppliers to ensure that we provide our customers with the best products and I am convinced that we have made the right choice, “commented Milestone Entertainment CEO Randall Katz.

For additional information, please contact:

Andreas Ternström, CEO, Scout Gaming
Tel: +46 706 770 660
E-mail: andreas.ternstrom@scoutgaminggroup.com

Scott Jensen, COO & EVP, Milestone Entertainment
Tel: +1 310 866 3534
E-mail: scott@milestoneentertainment.com

About Scout Gaming Group

Scout Gaming Group is a licensed and regulated provider of B2B Daily Fantasy Sports and pool betting. The company offers a flexible and customizable network based Fantasy Sports solution with support for most sports and leagues through an in-house StatCenter which also provides real-time information to players. Local sports can be provided on request. The Group has approximately 70 staff and is headquartered in Stockholm, Sweden with development and operations in Bergen, Norway and Lviv, Ukraine. Sales, support and product management is handled from the office in Malta.

About Milestone Entertainment

Milestone Entertainment’s executive team has created breakthrough interactive entertainment for over 20 years and collectively designed, developed, and launched over 150 highly successful games, game shows, and branded consumer products in every market worldwide. Milestone creates engaging omni-screen experiences and content in native formats optimized for television, computers, tablets and smartphones, leveraging its catalog of patented game mechanics and dynamics. Milestone collaborates with its partners to define go-to-market strategies and launch compelling new products and marketing campaigns, utilizing a full range of localization, customization and integration services. Milestone is based in Los Angeles, California.