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Scout Gaming publishes Q1 2021: Revenues increased 54% to SEKm 13.4

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Scout Gaming publishes Q1 2021: Revenues increased 54% to SEKm 13.4
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“We continue to build the European fantasy sports market at a rapid pace. This is primarily illustrated by Scout Gaming’s Operator Index, which measures the underlying customer activity. The Operator index amounted to 2,652, which is an increase of approximately 164 percent compared to the corresponding quarter last year.

Revenues increased by 54 percent to SEK 13.4 million during the first quarter. In line with our strategy, growth is driven by a combination of new launches by B2B customers, increased price pools and growth in underlying activity. Despite the growth, we are only at the very beginning of the introduction of Fantasy Sports in the online gaming market in Europe.

The growth we demonstrate together with a favorable sports calendar and new integrations with ATG and Norsk Tipping, has put us in a strong position for the upcoming future. Successful launches with ATG and Norsk Tipping could transform Scout Gaming to a new level. The conditions for achieving our goals of building market-leading prize pools within Fantasy Sports have further improved. Regarding Norsk Tipping, we still wait for the Norwegian Ministry of Culture to give final approval before launch can take place”.

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

 First quarter: January-March 2021

• Revenues increased to mSEK 13.4 (8.7), corresponding to a growth of 54% compared to same quarter last year

• EBITDA was mSEK -15.0 (-11.7)

• Net result improved to mSEK -9.3 (-9.8)

• Earnings per share amounted to SEK -0.5 (-0.6)

• Operator trading index (which illustrates the underlying client activity) increased to 2652 (1004), a growth of 164%.

• Scout Gaming entered into an agreement with AB Trav & Galopp, ATG (the Swedish Horse Racing Totalisator Board), Sweden’s largest gaming operator measured by turnover. The companies have agreed to jointly launch Scout Gaming’s award-winning DFS product on ATG.se with a soft launch aimed at the second quarter 2021, followed by a wider marketing push in the third quarter, in time for the start of English Premier League.

Events after the period ended

Scout Gaming has entered into a software license agreement with Interwetten. Interwetten is one of the leading operators in Germany, Austria and beyond. They will gain access to Scout Gaming’s platform and intends to launch Scout Gaming’s Prediction game for the EURO 2020. Integration will start immediately and be ready for Interwetten to offer its customers a feature rich EURO2020 Predictor based on Scout’s yet to be revealed enhanced and upgraded Prediction engine part of the Scout Gaming platform. The current agreement is limited to a free-to-play application of Scout Gaming’s prediction engine, meanwhile the parties review potential future co-operation involving Scout’s wider product offering.

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

Latest News

The successful Super Stars saga from Red Rake Gaming continues with the release of Super 20 Stars

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The innovative online casino game provider, Red Rake Gaming, has released the long-awaited video slot Super 20 Stars today, for all fans of the Super series. It is a 5×3 reel video slot that offers all the features from the Super series of games, along with some new crystal symbols with impressive multipliers.

An innovative feature called Crystallize Symbols has been added to this new video slot, previously unavailable in any of the other games in the Super series. It causes symbols to crystallize after a blue star appears at the bottom of the screen, along with another one to the right, which signals a position in the rows. Once these blue stars appear the feature will begin. The symbol in the position that has been signaled will crystallize, and in turn it will crystallize all the other symbols of the same type. Once they have been crystallized a side bar with multipliers will appear, and the win awarded by the crystal symbol will be multiplied by a random value of up to x50. This feature keeps the excitement going from beginning to end.

This new slot game also includes all the best wins from the massively successful Super 5, Super 7, Super 10, Super 12 and Super 15 Stars. All these games are very well-known and popular with all Red Rake Gaming players.

One of these features is the Star Fusion Minigame, which appears in Super 15 Stars. This minigame is activated by filling the progress bar that appears on the side of the screen, and it gives you the chance to obtain even more wins by combining Super 15 symbols to form bigger symbols. This feature keeps the excitement going from beginning to end.

Super 12 symbol launches the “Lucky Stars” feature. The symbol is converted into 3 stars which remain fixed and offers 3 free spins to players going back to start the counter again with each additional star. Throughout this feature, players also have the possibility to accumulate wins in the “Minor, Major and Grand” Jackpots which are delivered when it finishes.

The Super 10 symbol activates the exciting “Super 10 Mini-Slot” which delivers very interesting wins as well as instant free spins, multipliers or the “Roulette Frenzy” win.

The Super 7 stars symbol appears on the central reel and expands, remaining fixed and launching a Respin of the other reels.

The Super 5 stars symbols multiplies the bet up to x200 and the “Roulette Bonus” delivers mouth-watering wins. The players will also be able to enjoy free spins after the appearance of the 3 bonus symbols. A comprehensive video slot which will keep players eager and attentive at all times.

Super 20 Stars is being released today, 29 July, although it was recently launched exclusively with various operators, so many players are already enjoying this fantastic slot game and generating great results for Red Rake Gaming partners. As with all our other slot games, it also works with the Red Rake Gaming tournament tool, to offer gamers even more excitement and gaming options.

Will you be following the Super series? We hope so. You’ll then be able to continue enjoying these slot games that have already become a firm favourite for so many players all over the world.

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Latest News

Play’n GO Return to Asgard with Odin: Protector of the Realms

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Play’n GO enter the world of Norse mythology once again with their latest game, Odin: Protector of the Realms. 

The game revolves around Norse God, Odin, who remains to protect Asgard from oncoming attacks while Thor and the other gods defend the Realm. Players must harness Odin’s magical powers to defeat Asgard’s enemies.

Like Honey Rush and Vortex, this epic cascading grid slot game sees a creative use of a hexagonal grid; players are encouraged to harness Odin’s power to increase the size of their win. With 37 symbols to match, this is all about the long game; however, collecting big clusters – thanks to the hexagonal design – to complete the grid is devised to create immediate player satisfaction.

Players can summon three of Odin’s powers: Power, Glory and Wisdom. Power will trigger the charge feature where two symbols are selected and destroyed. Glory can trigger several WILDs to the grid, while Wisdom sees Odin randomly upgrading the central symbol and its matching symbols within the grid.

Known for their attention to detail, Play’n GO encapsulates rich narratives and intricate artwork throughout this series of games for a super-immersive experience. In addition, power symbols ring true to Norse mythology with motifs such as Thor’s Hammer and Frithiof’s Angurvadal.

Fans of Play’n GO’s Viking mythology saga, which includes the popular titles Viking Runecraft and Faces of Freya, are in for a treat with this sequel to Ring of Odin. So, why are Viking-inspired games so popular? Head of Games, Charlotte Miliziano, had this to say:

“Mythology is one of our most popular themes as it casts the way for rich narratives and awe-inspiring artwork that our players just can’t get enough of; lighting, thunder, and magic – what’s not to love?”

Odin: Protector of the Realms is available to play online today.

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eSports

ESPORTS AWARDS NAMES MAKE-A-WISH AS ITS OFFICIAL CHARITY PARTNER

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The Esports Awards, the most prestigious night in the esports calendar, is excited to reveal Make-A-Wish as its Official Charity Partner for 2021. The partnership will see the Esports Awards and Make-A-Wish work closely together on a whole host of activities including charity auctions, live streams, with lots more to be announced in the coming months.

This year the Esports Awards will return to the Esports Stadium Arlington, Texas on November 20th where it will celebrate and honour every corner of the industry on the biggest night in the esports calendar. The Esports Awards will work on a charity campaign in the run up to the awards to encourage its community to help raise funds for Make-A-Wish.

“When Make-A-Wish explained that gaming-related wishes had seen an increase we knew that we wanted to help facilitate as many wishes as possible. The Esports Awards aims to bring the esports and gaming industry community together under one roof and we are hoping to provide these incredibly brave young people with a fantastic experience and the opportunity to meet their heroes. We have lots planned in the coming months and we look forward to helping raise as much funding as we can,” said Michael Ashford, CEO, Esports Awards.

“This collaboration with Esports Awards came at an opportune time as we have seen an exponential increase of gaming-related wishes during the pandemic. We are delighted to be working with Esports Awards to bring hope, strength and joy to our wish children worldwide. Together, we are one step closer to being able to grant the wish of every eligible child”, says Luciano Manzo, President and CEO of Make-A- Wish® International.

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