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Senior management increases shareholding in Scout Gaming

Scout Gaming has been informed that several people in the senior management have increased their existing shareholding during the last week.

The total shareholding of insiders represented by the board, management and staff, as well as their closely related parties, amounts to just over 25% of the outstanding capital.

“It is exciting to see that there is a strong internal belief in what we do. We are still very early in the commercial conquest of the European daily fantasy Sports market for gambling. A market we to a broad extent are building ourselves, “comments Scout Gaming’s CEO, Andreas Ternstrom.

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

Billy Degerfeldt, CFO & IR
Tel: +46 707 581 668
Email: 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 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 publishes Q3 2020: Revenues increased 85% to SEKm 15.0

”The Group had a stable quarter with sharply increasing revenues, led by the restart of global sports, the speed of recovery exceeded management’s expectations. The global fantasy sports market for real money gambling outside the US is although still in its infancy.

Scout Gaming’s operator index amounted to 2,421, a growth by 169% – an increasing part is related to new fantasy betting products. The total revenue base grew by 85%, compared with the previous year to SEK 15.0 million. The number of active players in our network at the end of the quarter increased by 117% compared with the previous year.

We continue to see strong prospects for the European market for sports in general and for fantasy sports in particular, we make the assessment that we have opportunities to grow the business significantly in the future.”

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

Quarter July – September 2020

• Revenues increased to mSEK 15.0 (8.1), corresponding to a growth of 85% compared to same quarter last year

• EBITDA was mSEK -11.6 (-7.9)

• Net result was mSEK -13.4 (-9.5)

• Earnings per share amounted to SEK -0.7 (-0.7)

• Operator trading index (which illustrates the underlying client activity) increased to 2,421 (900), a growth of 169%.

• Scout Gaming conducted a heavily oversubscribed directed share issue towards international institutional investors amounting to mSEK 75, to be able to accelerate growth and product development further.

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

• The company widened and extended current agreement with Kaizen Gaming (Stoiximan and Betano)

• Scout Gaming entered into a license agreement with Parimatch, the market leading operator in the CIS region.

Interim period January – September 2020

• Revenues amounted to mSEK 30.0 (15.7).

• EBITDA amounted to mSEK -33.4 (-34.6)

• Net result amounted to mSEK -40.7 (-38.9)

• Earnings per share amounted to SEK -2.3 (-2.8)

Events after the period ended

• Scout Gaming entered into an agreement with one of the market leading operators in the Balkan region, Meridianbet, which enables Meridianbet access to Scout Gaming’s full product portfolio.

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.

This information is information that Scout Gaming Group AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 08.00 CET on 18 November 2020.

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Scout Gaming signs deal with Meridianbet

Scout Gaming has entered into an agreement with one of the market leading operators in the Balkans, Meridianbet – giving Meridianbet access to Scout Gaming’s entire product portfolio. The agreement will see Scout Gamings product launched in the Balkans for the first time, through Meridianbets chain of retail outlets in Serbia, Montenegro and Bosnia & Hercegovina – as well as online.

Meridianbet holds a strong position on the Balkan, being one of the Top 3 operators Serbia, Montenegro and Bosnia & Hercegovina. This will be the first time that Scout Gamings award-winning Daily Fantasy Sports product will be available in the Balkan region.

Integration is expected to start during November and the product is expected to be rolled out during the beginning of next year.

“We are continuing to build out our network of market leading operators on a global scale. Meridianbet fit perfectly into this narrative, having stayed at the forefront of positive development in the Balkans for over 30 years. We’re especially glad for the people in this region who for the first time ever will be able to access and enjoy Scout’s best-in-breed digital gaming experience”, comments Scout Gaming CCO, Joakim Renman.

“We have watched the Fantasy market taking off in Europe and want to ensure we stay on top of this development. By providing our customers with Scouts content we live up to our promise of having the best product on the market. We see tremendous growth possibilities for this fairly new sports entertainment format and are certain that it will be well received by customers”, comments Meridianbet CEO, Zoran Milosevic.

 “Scouts proven track record and professional approach allows us to significantly expand our sports offering. We are sure that these events will appeal to our customers, offering them high quality competitive DFS mixed with Player performance betting that will provide a great betting experience both online and in our retail shops”, comments Product Manager at Meridianbet, Vladimir Stamenic.

For further information, please contact:
Joakim Renman, CCO
Tel: +46 70993 13 73
Email: joakim.renman@scoutgaminggroup.com

About Meridian Bet
Founded in Europe in 2001, Meridian is a well-established sports betting and gaming group, currently operating in 18 countries across Europe, Africa and Latin America. Meridianbet operates through 993 betting shops and online and remain primarily focused on sports betting, whilst also providing various casino and other fixed odds games. Meridian operates almost exclusively in regulated markets, and the core countries where business is currently conducted being Serbia, Cyprus, Montenegro, Bosnia and Herzegovina, Tanzania, and Malta. We currently directly employ approximately 1,500 employees

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.