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Scout Gaming publishes Q2 2020: Revenues increased 58% to SEKm 6.3

“The quarter began with very low activity as most sports and leagues globally had breaks related to the ongoing COVID-19 pandemic. However, we quickly managed to complete our esport offering and launch parts of it in mid-April. In mid-May, the German Bundesliga games resumed and from that moment on we experienced a rapid recovery which in June resulted in record activity. We have had an accelerating underlying growth throughout the second half of the quarter and are pleased that we were able to demonstrate this so quickly after the restart of European sports.

Scout Gaming’s operator index for the quarter was 1074, a growth of 56%. The total revenue base grew, despite extremely limited activity during the first half of the quarter, by 58% to SEK 6.3 million. We have previously stated that we did not see any long-term business-related risks with the pandemic for us as a company and are happy to be even more strengthened in that belief.

Activity in July and the first half of August continues to be high and we see very good opportunities for strong future growth.”

Extract from CEO Andreas Ternström’s commentary to the Interim Report.

Second quarter: April – June 2020

• Revenues increased to SEKm 6.3 (4.0), corresponding to a growth of 58% compared to same quarter last year
• EBITDA improved to SEKm -10.0 (-12.1)
• Net result was SEKm -17.5 (-13.3)
• Earnings per share amounted to SEK -1.0 (-1.0)
• Operator trading index (which illustrates the underlying client activity) increased to 1074 (687), a growth of 56%.
• Scout Gaming launched Esport-related markets for its entire range of products, launched initially on its own operator Fanteam.com and since mid-April available on external partners.
• Scout Gaming signed an agreement with GLHF.gg, a platform that strengthens the bond between professional sports teams and their fans.

Interim period: January-June

• Revenues amounted to SEKm 14.9 (7.6).
• EBITDA amounted to SEKm -21.8 (-26.7)
• Net result amounted to SEKm -27.3 (-29.4)
• Earnings per share amounted to SEK -1.7 (-2.2)

Events after the period ended

• Scout Gaming completed a heavily oversubscribed directed share issue towards international institutional investors amounting to SEKm 75, to enable an accelerated growth and product development.
• For the third consecutive year, Scout Gaming won EGR Award “Fantasy Sports Supplier of the year”.
• Scout Gaming launched 1 million Euro Fantasy Premier League Season Game.
• The company widened and extended the current agreement with Kaizen Gaming (Stoiximan and Betano).
• Scout Gaming signed an agreement with the market leading operator in the CIS region, Parimatch.

The full report is attached and available on:
https://www.scoutgaminggroup.com/investor-relations/financial-reports

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: +46 707 581 668
E-mail: billy.degerfeldt@scoutgaminggroup.com

About Scout Gaming Group
Scout Gaming Group is a licensed and regulated provider of Daily Fantasy Sports. The company offers a flexible and customizable network based Fantasy Sports solution with support for most sports and leagues. 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.

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Scout Gaming signs deal with market-leading CIS operator Parimatch

Scout Gaming has entered into a license agreement with one of the market-leading operators in the CIS region, Parimatch, to launch Scout Gaming’s market-leading Daily Fantasy Sports product.

The partnership took place after it was announced that the Ukrainian president has signed a new bill to legalize gambling in Ukraine and start issuing licenses.

Founded in Ukraine 1994, Parimatch looks to build on its heritage to maintain a leading position in its home market. Parimatch is expected to be one of the first companies to apply for and obtain a local license in Ukraine.

“We are very pleased to reach an agreement with one of the absolute largest operators in the CIS region. We are impressed by how the team on Parimatch has grew their operations in the recent years and we are happy to further support their growth with offering our full product portfolio. Scout Gaming is currently putting all efforts to reach agreement with market leading operators around the world, this is an additional step in the right direction”, comments Scout Gaming CEO, Andreas Ternstrom.

“We are constantly improving our product offering and are very happy to be able to offer the market leading Fantasy product to our clients in a near future. Scout Gaming’s software will extend our already very successful sports offering and we are looking forward to a long-term successful co-operation”, comments Parimatch CEO, Sergey Portnov.

While the deal will have a limited impact on Scout Gaming’s 2020 revenues, the partnership has the potential to have a moderate to high effect on revenues in 2021 and beyond.

For further information, please contact:
Andreas Ternstrom, CEO
Tel: +46 706 770 660
Email: andreas.ternstrom@scoutgaminggroup.com

About Parimatch
Parimatch brings together technology, business and sport to deliver seamless entertainment powered by innovation. Founded in 1994, Parimatch has grown to become one of the largest betting companies in Europe and the CIS as well as continuing to explore new markets to enter. The business operates with a digital first mindset, and is constantly developing and improving the quality of its customer experience, which is enjoyed in 60 countries across the world. Parimatch’s winning team of brand ambassadors include Conor McGregor, Mike Tyson, Petr Yan and the Shevchenko sisters. Parimatch is also the title sponsor of the popular esports team Virtus.pro, and is the exclusive betting partner to UFC in the CIS region.

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 and Malta. Scout Gaming is listed on the Nasdaq First North Growth Market and the Certified Adviser is Redeye AB. Contact details: Certifiedadviser@redeye.se, +46 (0)8 121 576 90.

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Scout Gaming strengthens partnership with Kaizen Gaming

Scout Gaming extends agreement with Kaizen Gaming – being the first operator to launch a Daily Fantasy Sports product in the Greek market, Kaizen Gaming, the recently renamed group behind the brands Stoiximan and Betano, has reaffirmed its long-term successful use of Scout Gaming products.

The parties have entered into a new agreement which will replace the one entered in May 2018. As a direct consequence of the good results enjoyed by Kaizen Gaming from the use of Scout Gaming’s DFS product in the Greek market under its flagship brand Stoiximan.gr, the parties have decided to extend the collaboration, taking a long-term strategic and mutually beneficial view to the partnership, focusing on launch of new products in Greece as well as expand the partnership into other markets. The agreement also includes certain unique rights given to Kaizen Gaming for the use of Scout Gaming’s products under a certain time frame.

The new agreement will enable Kaizen Gaming to launch all additional games currently found in Scout Gaming’s product portfolio, including Player Performance Odds and Player Matchups, as well as expand into additional markets through its international brand, Betano. Further on, the parties will together aim at bringing to life new products by either finding new applications to existing products or creation of innovative new games.

“We are honored to strengthen our partnership with one of Europe’s fastest emerging GameTech companies. Kaizen has been quick to spot and act on the positive trend enjoyed by the European DFS market and the results have been amazing. We are looking forward to supporting their growth with our products. Being able to forge a strong long-lasting partnership with an exceptional business such as Kaizen Gaming is the best proof one can get to the quality of our products and the team behind it” comments Joakim Renman, CCO of Scout Gaming.

“Scout Gaming shares the same values of continuous improvement and our collaboration grows hand in hand through innovative products and services. Providing an optimum experience to those who trust us is a key objective for our customer centric approach and collaboration with Scout Gaming is proven to be instrumental on this one. It has been a pleasure to work with the team at Scout Gaming and the level of the quality of its service has truly stood out as one of the best in the business. We are confident that launching of additional products delivered by Scout Gaming will enhance our product offering and deliver more value to our business.” commented Chris Tzalavras, Head of Commercial at Stoiximan on Kaizen Gaming.

For additional information, please contact:
Joakim Renman, Chief Commercial Officer
Tel: +46 70 993 13 73
E-mail: Joakim.renman@scoutgaminggroup.com
 
About Kaizen Gaming
Kaizen Gaming is the leading GameTech company in Greece and one of the fastest growing in Europe, operating in Germany, Portugal, Romania, Brazil, Greece and Cyprus with more than 400,000 active users in sports betting, virtual sports, casino and fantasy sports. The company was started in Greece 2013 and has since then evolved to over 700 employees across all countries of operation. With a focus in cutting edge technology and people, Kaizen Gaming implements an extensive sports sponsorships program and a series of CSR initiatives focusing in technology, safetainment and sports. For more info on the company, check www.kaizengaming.com or visit us on LinkedIn at https://www.linkedin.com/company/kaizen-gaming/

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. The Group is headquartered in Stockholm, Sweden with development and operations in Bergen, Norway and Lviv, Ukraine. 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.

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Best fantasy sports / virtual sports provider in the Nordics 2020 is Scout Gaming Group

Scout Gaming Group has been recognized once again for its market leading product. At the Baltic and Scandinavian (BSG) Awards 2020 in Tallinn, Estonia the company was awarded first prize in the category for Best Fantasy Sports / Virtual Sports in the Nordics 2020.

The most recent industry recognition comes not long after having also been awarded the top spot for Fantasy Sports provision at the EGR 2020 Awards for the third time in a row, an achievement only a chosen few have managed.

BSG is a physical summit that gathers companies, authorities and stakeholders within the online gaming industry every year to exchange experiences and highlight good examples in the Baltics and Scandinavia. This year the event was held in Tallinn, Estonia and was one of the first physical events to take place following the Covid-19 lockdown.

“Of course, it feels fantastic to be recognized once again for the hard work and dedication the group has put in. I’m however not surprised. From day one we knew we were on to something special, that we had a quality product supported by an almost uniquely top-notch team. What pleases me in particular is that the team’s dedication has really paid off and it’s no longer any question about the success and quality of our service”, comments Joakim Renman, Chief Commercial Officer

For additional information, please contact:
Joakim Renman, Chief Commercial Officer
Tel: +46 70 993 13 73
E-mail: joakim.renman@scoutgaminggroup.com

About Scout Gaming Group
Scout Gaming Group is a licensed and regulated provider of B2B Daily Fantasy Sports and 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 80+ staff and is headquartered in Stockholm, Sweden with development and operations in Bergen, Norway and Lviv, Ukraine. Scout Gaming is listed at Stockholm Nasdaq First North.

Read more about the award and the winners here: https://europeangaming.eu/portal/press-releases/2020/08/07/75613/official-list-of-winners-at-the-baltic-and-scandinavian-gaming-awards-bsg-awards-2020/