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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
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Burning Classics 2 is here to ignite your winnings with all the fiery thrills of the original, plus even hotter rewards!
The sequel to our most popular game, Burning Classics, keeps the classic 5×3 grid and 20 variable paylines, along with the iconic stacked symbols, including stacked wilds. The Free Spins feature returns, with retriggers, and the scatter payouts have been cranked up: 5 Scatters now award 5000x, up from 2000x in the original, adding even more excitement to each spin.
During the base game, any scatters which land in view will be collected. The collector can activate on any spin, awarding the Free Spins bonus! The game also introduces Mystery Symbols, which reveal a common symbol, and Burning Mystery Stacks, which guarantee a win and can lead to higher payouts. You can even gamble for double or nothing or quadruple or nothing in the base game.
Ready for a fiery spin? Burning Classics 2 takes the action to a whole new level, with bigger wins, thrilling features and plenty of chances to turn up the heat!
Craig Asling, Director of Games at Booming Games: “Burning Classics 2 takes everything players loved about the original and turns up the heat. With boosted scatter payouts, fiery new Mystery features and the same timeless gameplay, this sequel delivers explosive excitement and even hotter winning potential.”
The post Turn Up the Heat with Burning Classics 2 appeared first on European Gaming Industry News.
Play’n GO heads skyward with Rosy Orbit Treasure Turn™, a radiant slot where gravity is optional and innovation is key.
A mysterious princess, a faithful fox, and a cherished rose – Play’n GO blends character-driven charm and fresh mechanics in Rosy Orbit Treasure Turn™. Set on a tiny, enchanted planet spinning through the cosmos, this 5×5 cascading slot introduces a whimsical new character through narrative-led gameplay. While the storyline gently evokes fables of solitude and curiosity, it’s the inventive Treasure Turn™ mechanic that keeps the reels in motion.
The signature Treasure Turn™ feature rotates the entire reel 90 degrees counter-clockwise after a win, sliding symbols into new positions before cascading continues. This unusual twist opens unexpected opportunities with each move, especially when large 2×2 symbols drop in. These oversized icons don’t just take up space – they crush smaller symbols beneath them to build multipliers, combining narrative weight with mechanical purpose. Occasional meteor and starfalls bring Wilds and destruction to the reels, offering controlled chaos that suits the game’s dreamlike setting.
Fans of Play’n GO’s more character-led stories – like the Moon Princess or Tales of Asgard series – will find a similar tone here. Yet Rosy Orbit Treasure Turn™ is its own creation, with its gentle pace and cosmic visuals complementing the more strategic gameplay of its cascading feature.
Magnus Wallentin, Games Ambassador at Play’n GO, said: “We’re always exploring new ways to enhance gameplay, and the Treasure Turn™ mechanic lets players engage with the slot world in a more dynamic, spatial way. It’s an entirely fresh spin – quite literally!”
Play’n GO has delivered a poetic yet potent game where movement, story, and design orbit one another seamlessly.
The post Play’n GO introduces innovative new mechanic in Rosy Orbit Treasure Turn™ appeared first on European Gaming Industry News.
Spinomenal, the leading iGaming content provider, has amplified the reach of its slots portfolio in Italy following a tie-up with leading content operator, E-Play24.
Spinomenal’s latest Italian collaboration supercharges its expansion in the region, as its games become ever more accessible in the regulated market. E-Play24 now has access to Spinomenal’s extensive portfolio of popular hits, including Rooster Mayhem, Majestic King and Book of Aphrodite. The integration of Spinomenal’s games into the E-Play24 offering is being carried out via the Exalogic platform, ensuring a smooth and efficient rollout.
Spinomenal CEO, Lior Shvartz commented: “E-Play24 has quickly risen to become a major provider of online casino content to Italian-facing operators, and we’re very happy to call them a partner. E-Play24 and its network will give our titles the chance to be enjoyed by even more Italian players.”
E-Play24 Head of Operations, Alessandro Grasso added: “We’re totally committed to delivering the best content on the market and we believe that Spinomenal’s extensive library of slots will be well received within our network.”
The post Spinomenal goes live with E-Play24 in Italy appeared first on European Gaming Industry News.
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