Reorganisation

Scout Gaming Group AB (”SGG”, ”the Group” or "the Company") announces the completion of its previously announced transformation programme. This includes a divestment of the group’s Norwegian subsidiary Scout Gaming AS to its management. Scout Gaming AS will to a limited level continue to be engaged as a subcontractor to the group going forward.

The reason behind the reorganisation is for the Group is to become leaner and more efficient in the delivery of services to the group’s B2B partners. The business undertook a thorough review process to determine how to best drive efficiency in delivery processes and provide our partner customers, with ongoing support.

The delivery of higher quality and better performing range of products to the existing and future partners continues to be the key focus to the Group. As a result of the new company structure, there has been a reduction in the number of full-time employees within the company.

Niklas Jönsson, CEO for Scout Gaming comments; “It is my firm belief that these changes will have a positive impact both for partner’s and for the Group’s objective to reach more positive results and cash flow.  We thank our partners for their trust and look forward to delivering player experience through Scout Gaming’s products, together.”

For additional information, please contact:
Niklas Jönsson, CEO
Phone: +46 725 494 173
E-mail: niklas.jonsson@scoutgaminggroup.com

Andreas Olsen, CFO
Phone: +47 970 75 255
E-mail: andreas.olsen@scoutgaminggroup.com

About Scout Gaming Group
Scout Gaming Group is a licensed and regulated provider of B2B Daily Fantasy Sports, Sportsbook, Fantasy betting and other sports betting products. The company offers a flexible and customizable network-based platform with support for most sports and leagues through an in-house StatCenter which also provides real-time information to players. The Group is headquartered in Stockholm, Sweden with development and operations in Bergen, Norway and Lviv, Ukraine. Scout Gaming is listed on Nasdaq First North Growth Market and the Certified Adviser is Redeye AB.

This information is information that Scout Gaming Group AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 19:00 CET on August 2 2023.