Scout Gaming launches 1 Million Euro Fantasy Premier League Season Game

As the leading B2B fantasy sports provider, Scout Gaming Group is following up last year’s “quarter of a mill” Premier League Season Game by offering €1,000,000 guaranteed prize pool for this season. With 50,000 available seats at €25 each, the competition promises to pay out 5659 prizes, with the 1st place securing €200,000. The tournament will be available for Scout Gaming’s clients in the world-wide network.

Scout Gaming’s seasonal game has similarities to the popular official Fantasy Premier League game with regards to budget, number of players, and some of the scoring rules. There are prizes for best manager per month and even per game week. A side tournament for the high rollers is provided as well, with a hefty buy-in of €2,625.

“We are very pleased on a global basis, first time ever, offer a life changing money prize pool for the upcoming start of Premier League. Outside the US, Premier League is considered to be number one Fantasy Game, the official Fantasy Premier League, free-to-play game, which currently attracts between 6-7 millions players has experienced heavy growth the recent years. On the backbone of that and the general interest from our partners enables us to provide this record-breaking prize sum”, comments Andreas Sundal, CPO and Co-founder, Scout Gaming.

Even with the season game around the corner, Scout Gaming Group is first and foremost a sports game provider focusing on the player performance, by offering a wide variety of sports and leagues with real money DFS buy-ins and prizes, including: NBA Basket, NHL hockey, an increasing set of Esports, MLB baseball, NFL football, UFC Mixed Martial Arts, Grand Slam tennis, IPL Cricket and of course soccer and several of local leagues globally.

Additionally, Scout Gaming Group is a pioneer in offering betting markets on fantasy points duels, matchups, and over/under fantasy points. Using the same scoring system as for DFS, it is possible to set up duels between players from different matches, and even from different sports.

“We have a clear focus on offering the most interesting betting products for player-oriented bets, including both traditional DFS, but also above stated markets and other newly developed products. Even after the American reregulation, DFS is an essential product on the American sports betting market – something that is spreading world-wide as well. We are very pleased to so far been entrusted from a couple of leading operators, including for example the market leader in Greece, Stoiximan, the state-governed leading Norweigan operator Norsk Tipping among others”, continues Andreas Sundal, CPO and Co-founder, Scout Gaming.

For further information, please contact:
Andreas Sundal, Chief Product Officer and Co-founder
Tel: +47 40850013
Email: andreas.sundal@scoutgaminggroup.com

Scout Gaming wins “Fantasy Sports Supplier of the year” at EGR B2B awards for the third year in a row

Scout Gaming has won the EGR Award category “Fantasy Sports Supplier of the year” 2020, which is the third time in a row.

Scout Gaming is currently undergoing an intense growth establishing the Fantasy sports vertical.

“We are pleased to receive this award for the third year in a row. It means a great lot to us that the market appreciates the dedication and hard work we put into developing a market leading fantasy sports product tailored for the European market.  

Our believe has always been that fantasy is the next gambling vertical in Europe. The increased demand seen during this last year shows that this is now an opinion shared with the large European operators. During this year we have successfully launched with the market leading operators in both Greece and the Baltics. We now look forward to launch in our home market Norway – a very well recognized fantasy sports market. In addition, we also experience increased demand from other market leading operators on the continent” comments Scout Gaming’s CEO, Andreas Ternstrom.

For additional information, please contact:
Andreas Ternstrom, CEO
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 is headquartered in Stockholm, Sweden with development and operations in Bergen, Norway and Lviv, Ukraine.

SCOUT GAMING GROUP COMPLETES DIRECTED SHARE ISSUES AND RECEIVES PROCEEDS OF APPROXIMATELY SEK 75 MILLION

The Board of directors of Scout has, based on the authorization granted by the Annual General Meeting on May 25, 2020, resolved on a directed share issue of 1,835,062 shares through a so-called accelerated “book building” procedure (the ”Share Issue”) and on a directed share issue to the existing Santa Monica-based institutional investor Topline Capital Partners Ltd, of 1,200,000 shares (the “Directed Share Issue”).

The Company receives approximately SEK 45 million before transaction costs from the Share Issue and approximately SEK 30 million before transaction costs from the Directed Share Issue, equal to a total amount of approximately SEK 75 million.

The Share Issue was substantially oversubscribed, and the subscription price has been set to SEK 25 per share through the accelerated book building procedure, which corresponds to a 14.6 percent premium compared to the average volume-weighted price of the Company’s share on the Nasdaq First North Growth Market over the past 30 trading days. The subscription price in the Directed Share Issue has been set to the same price as in the Share Issue.

The Share Issue was directed to Swedish and international institutional investors. In order to facilitate the execution of the Share Issue, the new shares have initially been subscribed for by ABG Sundal Collier AB at a price corresponding to the shares’ quota value. The shares will be transferred to the new and existing shareholders in the Company in accordance with agreements entered between ABG Sundal Collier and the actual investors. Subscribers in the in the Share Issue among others were the German institutional investor Lloyds AG, Provobis and Knutsson Holding. In connection with received payment from investors in the Share Issue, which is expected to occur around July 23, 2020, the Company will receive the remaining amount, i.e. the difference between the quota value and the price in the Share Issue.

“Scout Gaming is in an intensive growth phase establishing the DFS vertical globally. We are at the same time launching many new products and markets, just recently esport had a warm welcome. I’m sure that we trough this placing can capture additional market possibilities to accelerate the growth even more rapidly. I’m very pleased to attract both new and existing institutional investors as well as sector specialists”, comments Scout’s CEO Andreas Ternström.

The reason for the deviation from the shareholders’ preferential rights is mainly to raise capital in a time- and cost-efficient manner and to widen the institutional owner base. Through the Share Issue and the Directed Share Issue, Scout’s financial position will be further strengthened and enable and accelerate growth as well as a continued product development.

After the registration of the Share Issue and the Directed Share Issue, the total number of shares in the Company will amount to 20,536,654 shares. The Company’s share capital will increase with SEK 159,740.12 to SEK 1,080,876.56. The Share Issue and the Directed Share Issue entails a dilution of approximately 15 percent of the number of shares in Scout after the Share Issue and the Directed Share Issue.

In connection with the Share Issue, the Company has appointed ABG Sundal Collier as Sole Lead Manager and Bookrunner and Advokatfirman Delphi as legal counsel.

For additional information, please contact:
Andreas Ternström, CEO
Tel: +46 706 770 660
E-mail: andreas.ternstrom@scoutgaminggroup.com

Billy Degerfeldt, CFO & Investor Relations
Tel: +46 758 16 68
E-mail: billy.degerfeldt@scoutgaminggroup.com.

About Scout Gaming Group
Scout Gaming Group is a licensed and regulated provider of B2B Daily Fantasy Sports. 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 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 Growth Market and the Certified Adviser is Redeye AB.
Contact details: Certifiedadviser@redeye.se, +46 (0)8 121 576 90.