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Scout Gaming publishes Q1 2021: Revenues increased 54% to SEKm 13.4
“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
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Genie Triple Bonanza
R. Franco Digital Unveils Genie Triple Bonanza to Grant Players’ Wishes
R. Franco Digital, the Spanish iGaming company, has unveiled its newest magical offering, Genie Triple Bonanza, a high-volatility slot that fuses legendary tales with three unique bonus features aimed at providing captivating winning opportunities.
The game’s main attraction is its three distinct Scatter symbols, with each one activating a different bonus feature. The Sticky Collect function secures symbols during the free spins, while the Multiplier mechanism introduces random enhancements up to 10x. Moreover, the Xtra Row function doubles the paylines by extending the grid. These features can activate alone or work together at the same time, providing players with a very dynamic and unpredictable experience.
Genie Triple Bonanza is crafted to be a flexible enhancement to any operator’s offerings. Designed to operate in global markets, the title accommodates various languages and provides customizable RTP configurations. For gamers seeking quick thrills, a Direct Purchase feature provides immediate access to the bonus rounds.
This launch highlights R. Franco Digital’s dedication to delivering effective, adaptable content that connects worldwide.
Javier Sacristán Franco, International Business Director at R. Franco Digital, said: “Genie Triple Bonanza showcases our ability to combine creativity with powerful mechanics. By allowing the three core features to trigger individually or in tandem, we’ve created a gameplay loop that is as unpredictable as it is rewarding. This release embodies our goal of crafting games that are polished, memorable, and full of personality.”
The post R. Franco Digital Unveils Genie Triple Bonanza to Grant Players’ Wishes appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.
Avanti
Avanti Studios and Light & Wonder enter multi-market distribution agreement
Innovative game provider establishes partnership with top international aggregator to deliver the next wave of live casino experiences to operators in licensed markets across the globe.
Avanti, the innovative live casino provider transforming the iGaming sector with its groundbreaking combination of motion capture technology and real-time cloud streaming, has revealed it has finalized a new strategic partnership with Light & Wonder.
Light & Wonder, a top aggregator and iGaming technology provider, has partnered with Avanti to deliver cutting-edge Live Casino solutions to operators in the EMEA and Canada.
Aimed at addressing the irregular display and expensive scalability of conventional live casino games, Avanti’s innovative method involves motion-capturing the movements and behaviors of expert dealers to produce highly realistic digital replicas.
Brought to existence through a mix of 3D animation and sound technology, the look and speech of these clones can be tailored to suit the demands of operators’ target markets, with the final output being streamed into games in impressive HD video.
By approaching it this way, Avanti alleviates the strain of constructing physical studios and persistent dealer expenses, offering a budget-friendly solution that’s flawlessly executed, devoid of human mistakes, and grants operators the freedom to open numerous tables at various limits as required.
The primary emphasis of the agreement will be on introducing the games in Spain and Brazil, marking Avanti’s debut in regulated market launches. For the first time, operators in Spain will have the opportunity to provide live games beyond roulette, featuring the supplier’s exclusive offerings, TORO Y MATADOR and TORO Y MATADOR TURBO EN VIVO, along with BACCARAT, DRAGON TIGER, and – significantly – LIVE BLACKJACK.
In Brazil, via Avanti, operators will gain access to an unlimited selection of Portuguese speaking dealers, as well as tables and bet limits designed to suit Brazilian players.
Jonas Delin, Co-founder at Avanti Studios, said: “Offering flawless presentation, cost-effective scaling and unlimited customisation potential, Avanti is the future of live casino – and we’re thrilled to be able to share content with operators through our collaboration with Light & Wonder.
“Since exiting our stealth mode at ICE, we’ve received a huge amount of interest from operators in Spain and Brazil and Light &Wonder is the perfect distributor to not only support our launch in those markets, but also as we continue to execute on our aggressive market expansion plans for 2026 and 2027
Stuart Banks, Managing Director – Global Partnerships at Light & Wonder, said: “As a company that’s always been at the forefront of innovation in iGaming, Light & Wonder is constantly on the lookout for games that offer something new – and Avanti’s next generation line-up of live casino titles certainly fit the bill.
“Avanti offers a fast and fully customisable solution that can easily scale to keep up with demand; and for that reason, their games are sure to be a popular addition for our operators.”
The post Avanti Studios and Light & Wonder enter multi-market distribution agreement appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.
Ashford Kneitel Chief Executive Officer at Konquer
Relax Gaming and Konquer become latest Powered By Relax partners
Relax Gaming, the iGaming aggregator and provider of unique content, has partnered with Konquer, a California based game studio known for their highly original instant-win, crash, and table games.
The collaboration gives Relax Gaming’s wide network of operators access to Konquer’s growing portfolio of games, which have rocked the industry with their new mechanics and themes.
The studio’s debut release, Fortune Cookie Fortunes, invites players to crack open fortune cookies to unlock multipliers while uncovering playful trivia.
The agreement further strengthens Relax Gaming’s Powered By Relax programme, welcoming another forward-thinking studio into the fold. The move expands the breadth of high-quality slot content available to operators while reinforcing Relax’s role as a leading distribution partner for ambitious game developers.
Jennifer Buttigieg, Head of Commercial & Aggregation Partnerships at Relax Gaming, said: “This collaboration reinforces Relax Gaming’s status as a trusted global aggregation partner, empowering both established and up-and-coming studios with the reach, technology, and expertise needed to expand their market presence. We’re delighted to have them on board with us.”
Ashford Kneitel, Chief Executive Officer at Konquer, said: “Konquer’s mission is to create the coolest games ever played—full stop. Partnering with industry-giant Relax Gaming gives us the scale and distribution power to bring that ambition to life faster than ever.”
The post Relax Gaming and Konquer become latest Powered By Relax partners appeared first on Americas iGaming & Sports Betting News.
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