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Scout Gaming publishes Q4 2020: Revenues increased 69% to SEKm 16.9, EBITDA improved to SEKm -5.8, positive cashflow from operating activities

“We continue to undergo strong growth, revenues increased by 69% to SEK 16.9 million during the fourth quarter and during the full year 2020, total revenue base amounted to SEK 46.9 million. During the full year, total revenue base thus grew by 84 percent, despite a strong negative impact from COVID-19 at the end of the first and sizable parts of the second quarter – when the global sports calendar was halted. In a longer perspective, COVID-19 has resulted in a faster pace of digitalization in general and for companies operating in the entertainment sector in particular, which has benefited Scout Gaming.
Scout Gaming continues to meet strong demand at the same time as we have so far only touched the long-term potential. We have updated our internal assessment of the potential size of the European fantasy sports market and currently estimate it to amount to between SEK 5.5-7.0 billion at Gross Gaming Revenue level, which means approximately 2-3% of the entire total online gaming market in Europe. It is an attractive market and we do everything we can to consolidate and expand our position to competitors.
The Scout Gaming’s Operator Index, which measures the underlying customer activity, amounted to 2,436, which is an increase of approximately 135 percent compared with the corresponding quarter last year.
EBITDA improved from SEK -8.1 million to SEK -5.8 million. Cash flow from operating activities improved from SEK -2.6 million during the fourth quarter of the previous year, to SEK 0.2 million during the fourth quarter of this year. We were less aggressive in our marketing costs, which primarily relate to guaranteed prize pools in comparison with the third quarter, in order to ensure that we get value for the investments we make in these, and it is gratifying to see that this theorem holds and that we reached an all time high for our operator trading index. Going forward, we are expected to be more aggressive regarding this marketing related expense. In connection with this, we also continue to invest heavily in product development, to ensure high future growth.”
Extract from CEO Andreas Ternstrom’s commentary to the year-end report.
Fourth Quarter: October – December 2020
• Revenues increased to mSEK 16.9 (10.0), corresponding to a growth of 69% compared to same quarter last year
• EBITDA improved to mSEK -5.8 (-8.1)
• Net result was mSEK -13.9 (-13.3)
• Earnings per share amounted to SEK -0.7 (-1.4)
• Operator trading index (which illustrates the underlying client activity) increased to 2436 (1035), a growth of 135%
Full year: January – December 2020
• Revenues increased to mSEK 46.9 (25.7)
• EBITDA was mSEK -39.2 (-42.8)
• Net result was mSEK -54.6 (-52.2)
• Earnings per share amounted to -3.1 kr (-3,8)
Events after the period ended
• Scout Gaming has launched another product for its award-winning portfolio. The Pick’em Jackpot game combines traditional sports knowledge with a jackpot. The game was made available to Fanteam users in mid-January and will be available for our B2B network shortly
• Scout Gaming has 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 and other major European sport leagues
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Juicy Wins, Crystal Clear: ELA Games Releases New Luxury Title

The studio releases its throwback classic slot
ELA Games, a dynamic game development studio, calls back to a classic yet luxurious gaming experience with its new title, Juicy Crystal.
The game offers a unique and modern twist on the beloved and familiar fruit machine format, featuring timeless symbols and rich visuals. The studio’s trademark attention to detail and quality delivers a game that’s exciting, memorable and elegant. Juicy Crystal is more than just a game, it’s a glittering celebration of the classic casino thrill we’ve come to know and love.
The game elevates classic symbols like cherries, lemons and lucky sevens into glittering gemstones. Wins pay from left to right, with Scatter symbols paying anywhere on the screen for a cash injection. Wilds can appear anywhere on the reels and expand to adjacent positions for mega juicy wins.
But the fun doesn’t stop there. The Random Wild feature can trigger unexpectedly, placing expanding Wilds on the reels. Additionally, players can activate the Gamble feature for a 50/50 chance to double their prize.
Yaroslav Soloshenko, ELA Games’ Team Lead Business Development Manager, commented on the game’s release, “Our aim with Juicy Crystal was to create an homage to the classic casino gaming experience but infuse it with ELA Games’ high quality and modern interpretation. It’s a vibrant game that’s rewarding, visually-rich and perfect for players who want a throwback to a simpler gaming experience.”
With high-quality aesthetics and classic mechanics, Juicy Crystal is a glowing addition to ELA Games’ growing portfolio.
Juicy Crystal features:
- Volatility: Low
- RTP: 96.40%
- 5 reels, 3 rows
- Paylines: 10
- Max win: 3,000x
- Expanding Wilds, Random Wild and Gamble features
About ELA Games
ELA Games is an innovative slot provider in the iGaming industry, dedicated to creating an immersive experience for players through its engaging slots. Since its formation in 2022, it has been working to establish a strong reputation in the sector through its games’ top-quality graphics, highly interactive nature, and innovative gameplay. The game provider has produced 45+ games for players’ enjoyment in under a year. They aim to provide a safe and enjoyable gaming experience for all our players while creating the hottest game titles to appeal to every player.
The post Juicy Wins, Crystal Clear: ELA Games Releases New Luxury Title appeared first on European Gaming Industry News.
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Stakelogic Joins Forces with Spillehallen.dk to Deliver Slots and Live Casino in Denmark

Slot and live casino specialist expands European footprint via Light & Wonder integration
Stakelogic has strengthened its footprint in Denmark through a new partnership with leading operator Spillehallen.dk. Facilitated via the Light & Wonder aggregation platform, the deal will see Stakelogic’s full portfolio of slot and live casino content made available to Danish players.
The partnership comes after the studio secured a B2B license from the Danish Gambling Authority in late 2024, reinforcing its commitment to delivering high-quality, compliant content to players in regulated markets.
Spillehallen.dk players will now be able to access a wide range of Stakelogic’s most popular titles, including recent hits like Fire and Gold ClusterBreaker and Candy Links Bonanza 2, as well as exciting upcoming releases such as Wrath of Zeus ClusterBreaker and Turbo Duck. These games are celebrated for their cinematic visuals, distinctive mechanics, and fast-paced, engaging gameplay.
In addition to its slot portfolio, Stakelogic Live’s full suite of live casino games will also be made available. Broadcast from custom-built studios in Malta and The Netherlands using advanced streaming technology, the collection comprises modern takes on traditional games including Super Boost Blackjack VIP, Vegas Drops Roulette and Super Wheel Game Show.
Neil Tanti, Head of Sales at Stakelogic, said: “Partnering with Spillehallen.dk is another big step in strengthening our position in Denmark. They have a strong connection with local players, and we’re excited to see our most creative slots and premium live casino games go live with them. This is a market where we’re seeing real momentum, and Spillehallen.dk is the ideal partner to help us build on that.”
Jacob Frostholm, Casino Manager at Spillehallen.dk, added: “Stakelogic’s content has a reputation for driving real engagement, and that made them a natural fit for us. Their slots are bold, inventive, and visually impressive, while the live casino offering brings a level of polish and energy that’s hard to beat. We’re confident their games will quickly become favourites with our players.”
The post Stakelogic Joins Forces with Spillehallen.dk to Deliver Slots and Live Casino in Denmark appeared first on European Gaming Industry News.
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Altenar signs sportsbook deal with Gamblr

Luxury crypto-first operator selects Altenar to elevate new-to-market brand
Altenar, a leading sports betting and iGaming software provider, has signed an agreement to provide its sportsbook to Gamblr Gaming Ltd.
Gamblr is a crypto-first sportsbook operator, officially licensed and regulated by Gaming Control Anjouan, and aims to redefine the iGaming experience by offering a premium, luxury-focused platform tailored for VIP clients.
The new deal will see Gamblr use Altenar’s fully-managed sportsbook solution including innovative features, such as Bet Mentor and Bet Insights, to enhance the user experience.
The partnership demonstrates Altenar’s reputation for consistently delivering value for operators of all sizes, supporting fast-growing brands in their journey to become well-established industry names.
Jason Ryan, Director of Sportsbook at Gamblr, said: “Choosing a sportsbook provider is a decision which can make or break a new-to-market brand, which is why we are delighted to have partnered with Altenar.
“The level of control and customisation that Altenar allows its operators to have is refreshing and sets them apart from other B2B providers in the industry.”
Matthew Ferrara, Sales Manager at Altenar, said: “Working with Gamblr and Jason personally is a project we are very excited for. Jason has great industry experience and is very hands on, which will help him get the most out of the Altenar sportsbook.
“Utilising our extensive risk management tools, being proactive with customer segmentation and also creating custom campaigns both for the marketing and localisation purposes, he and his team will truly get the most out of the Altenar sportsbook and I’m excited to watch the growth of Gamblr over the next few years.”
The post Altenar signs sportsbook deal with Gamblr appeared first on European Gaming Industry News.
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