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Scout Gaming publishes Q3 2020: Revenues increased 85% to SEKm 15.0

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”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.”

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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)

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• 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)

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• 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)

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• 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

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Relax Gaming expands Dream Drop series with feature-rich Net Gains

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Relax Gaming, the iGaming aggregator and supplier of unique content, has launched Net Gains Dream Drop, a high-energy sequel where players can reel in massive rewards beneath the waves.

Packed with coastal chaos and big catch potential, Net Gains Dream Drop offers 4,096 ways to win, three types of Mystery Symbols, Coin Collection mechanics, stacked Wilds, and more.

The Lucky Boost mechanic may trigger randomly during free spins, ramping up excitement with a higher chance of landing significant wins.

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Living up to its name, the Dream Drop Jackpot can activate on any spin, with the chance to hit one of five progressive jackpots, including the €2 million Mega Jackpot and the new Daily Jackpot, designed to guarantee more frequent top-tier payouts.

Players can activate an extra bet to increase the chance of triggering the bonus or dive straight into the action with the bonus buy feature.

With vibrant visuals, fast-paced gameplay and innovative jackpot mechanics, Net Gains Dream Drop expands Relax Gaming’s growing Dream Drop portfolio and keeps operators stocked with high-performing, player-favourite titles.

Tony O’Mahony, Chief Product Officer at Relax Gaming, said: Net Gains Dream Drop combines vibrant gameplay with our most in-demand jackpot mechanic, delivering a title that’s as entertaining as it is rewarding.

“The mix of coin collection, Mystery Symbols, stacked Wilds and Lucky Boost provides a dynamic player journey, while the Dream Drop Jackpot ensures strong engagement and retention. It’s another exciting step forward for our jackpot portfolio and a game we believe will perform strongly across multiple markets.”

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Get ready for a Royal extravaganza in Crown Supreme Hold & Win

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ICONIC21’s latest classic slot delivers plenty of bonus action, including Hold & Win and Jackpots in a thrilling game where precision meets power 

Precision meets power in Crown Supreme Hold & Win from ICONIC21, the in-demand iGaming content provider.

To take the throne, players must navigate a compact 3×3 grid and the regal Hold & Win mechanic in a slotting experience that pulses with anticipation and big win potential.

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This is a game where every spin carries weight, driven by strategic depth and moments that build towards something bigger.

When the Hold & Win kicks in, Bonus symbols lock into position with purpose, while the Collect symbol sweeps across the reels, gathering every value in sight.

This includes the Jackpot symbols, which fall into its path and deliver the game’s biggest wins, with a max win potential of 36,000x.

Then there is the Fortune Heap feature, which strikes without warning, instantly filling the grid and launching straight into bonus action.

The game falls in the middle of the volatility scale, providing a steady stream of big win action.

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Edvardas Sadovskis, CPO at ICONIC21, said: “Think you’re ready to take the throne? Crown Supreme Hold & Win lets players rule over their own 3×3 kingdom with plenty of big win potential to explore.

“ICONIC21 has become renowned for its suite of video slot games, and Crown Supreme Hold & Win is a strong addition to our offering.

The post Get ready for a Royal extravaganza in Crown Supreme Hold & Win appeared first on European Gaming Industry News.

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Global Esports Federation Launches its Innovation & Research Centre in Athens

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The Global Esports Federation has launched its Innovation & Research Centre (IRC) in Athens, Greece, in collaboration with Socialinnov, a non-profit organisation dedicated to digital empowerment and social entrepreneurship.

The GEF Innovation & Research Centres are envisioned as collaborative spaces where technology, creativity and innovation converge to unlock human potential in the digital era. They will anchor forward-looking programmes that connect esports with education, wellness and opportunities in adjacent industries.

The Athens IRC anchors this global network, strengthening local ecosystems, enabling cooperation across regions and expanding opportunities in esports, gaming, technology and entertainment.

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Thanos Karagrounas, GEF Chief Impact Officer, said: “The launch of our Innovation & Research Center in Athens is a milestone in the GEF’s journey to shape an inclusive and impactful future for esports. By combining Socialinnov’s deep expertise in digital empowerment with the GEF’s international network, we will unlock new opportunities for innovation, education, and investment – with people at the center of everything we do.”

“We are proud to partner with the Global Esports Federation to bring the GEF Innovation & Research Center to Athens. This collaboration reflects our mission to empower individuals and communities with the skills and tools needed to thrive in the digital age. Together, we will cultivate new pathways for youth, educators, and entrepreneurs to engage with technology, esports, and innovation on a global scale,” said Stella Psarrou, Director, Socialinnov.

Leveraging Greece’s growing digital ecosystem and Socialinnov’s expertise in education, youth empowerment and SME support, the Athens IRC will serve as a platform to develop strategies, programmes and investment opportunities focused on responsible gaming, holistic wellness and sustainable career pathways in esports and beyond.

The post Global Esports Federation Launches its Innovation & Research Centre in Athens appeared first on European Gaming Industry News.

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