Scout Gaming enters into an agreement with Bet Entertainment Technologies
Scout Gaming Group has entered into an agreement with Bet Entertainment Technologies to deliver the company's Daily Fantasy Sports platform.
The agreement gives Bet Entertainment Technologies full access to Scout Gaming's DFS platform enabling them to offer a complete Daily Fantasy Sports solution to all its customers in the international market.
Scout Gaming’s platform is expected to be integrated into their brands vivagol.tv and vivagol.com during the first half of 2020. Bet Entertainment Technologies holds a B2C license in Malta and has rapid growing operations in South America. The group is also active in Portugal with bet.pt, considered to be the largest sports operator in the jurisdiction.
“I’m pleased to reach a deal with the group of the market leader in Portugal, they have in very short time-frame been able to establish a leading position and they will surely perform well in the whole South America", comments Scout Gaming CEO, Andreas Ternstrom.
In connection to the agreement, Scout Gaming’s platform is expected to be integrated towards the SBTech platform. SBTech is currently undergoing a merger with DraftKings through the Nasdaq listed entity Diamond Eagle Acquisition Corp.
The agreement is expected to have a moderate impact on Scout Gaming’s 2020 revenues but has the potential to have a significant effect on its revenues in future years, depending on the speed of rollout in the regions and the uptake of other products within the Scout Gaming offering.
For additional information, please contact:
Andreas Ternström, CEO
Tel: +46 706 770 660
E-mail: andreas.ternstrom@scoutgaminggroup.com
About Bet Entertainment Technologies
Bet Entertainment Technologies (B.E.T.) is part of a multinational group operating online sports betting and casino sites. The group operates bet.pt, which has a leading position in Portugal and aims to become the number one operator in other Portuguese speaking markets, through vivagol.com and vivagol.tv.
About Scout Gaming Group
Scout Gaming Group is a licensed and regulated provider of B2B Daily Fantasy Sports. The company offers a flexible and customizable network-based Fantasy Sports solution with support for most sports and leagues through an in-house StatCenter which also provides real-time information to players. Local sports can be provided on request. The Group is headquartered in Stockholm, Sweden with development and operations in Bergen, Norway and Lviv, Ukraine. Sales, support and product management is handled from the office in Malta. Scout Gaming is listed on Nasdaq First North Growth Market and the Certified Adviser is Redeye AB. Contact details: Certifiedadviser@redeye.se, +46 (0)8 121 576 90.
This constitutes information that Scout Gaming Group (publ) is legally obliged to publish under the EU’s Market Abuse Regulation. The information was released for publication, through the agency of the contact persons above, on 30 January 2020 at 15.00 CET.