The board of Scout Gaming Group has notified investors that acting CEO Niklas Jönsson has agreed to take on the full leadership responsibilities of the Nasdaq Nordic daily fantasy sports group. Jönsson has served as Scout Gaming’s acting CEO since June 2022 following the resignation of Andreas Ternström. Scout Gaming is currently undertaking a strategic reorganisation of its business strategy …
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Scout Gaming AB cites that more ‘transformative work’ is required for the company to become a profitable cash-generating business. The Nasdaq Nordic listed real money fantasy sports software supplier saw its full-year 2022 net losses stand at SEK 60m (- €5.5m), with bottom-line results reflecting a 27% decrease on FY2021 losses of SEK 82m (-€7.4m). The narrowing of year losses …
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Niklas Jönsson, acting CEO of Scout Gaming, has disclosed that the real-money fantasy sports platform supplier has entered an intensive restructuring period. Publishing its Interim trading report, Scout Gaming reported year-to-date corporate losses of SEK 48m (€4.5m), results which track above 2021 losses of SEK 45m. Jönsson, who replaced former CEO Andreas Ternström in June confirmed that he had initiated …
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Scout Gaming has informed the Nasdaq Nordic Exchange that Billy Degerfeldt has stood down as Chief Financial Officer of the company. The Stockholm and Malta based B2B real-money fantasy sports platform provider has initiated an executive search to find Degerfeldt’s replacement. Scout Gaming confirmed that Degerfeldt had a notice period of three months, as the company undertakes its succession plans. …
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Scout Gaming has moved to strengthen its international growth strategy, striking an agreement with Kaizen Gaming’s Betano Brazil brand. The agreement will see the B2B daily fantasy sports, sportsbook and fantasy sports betting provider supply its odds product to the Betano brand, with a specific focus on the group’s Brazilian market operations. Scout aims to provide Betano players with fantasy …
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Scout Gaming Group remains confident of its long-term business strategy and future commercial prospects after delivering growth to its investors. Despite numerous COVID challenges interrupting its standard trading, the Nasdaq Nordic listed B2B fantasy sports supplier recorded full-year corporate revenues of SEK 47 million (€4.6m), up 85% on corresponding FY 2019’s SEK 26 million. Revenue growth was supported by a …
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Scout Gaming Group will aim to deliver a strong close to its 2020 trading, after the B2B daily fantasy sports software supplier reported that it had benefited from the return of a full sports calendar. Publishing its Q3 trading update for the period ending 30 September, Scout reported ‘record’ corporate revenues of SEK 15 million (€1.5m), an 85% increase on …
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Speaking on the first day at the Betting on Sports Europe – Digital, Bjorn Fjellby, Co-founder of FanTeam, instructed delegates on how to effectively use fantasy sports as a complementary tool for sportsbooks to both acquire and retain customers. Taking part in a discussion entitled Reducing CPAs with Fantasy Sports, which was sponsored by Scout Gaming, Fjelby explained: “It’s a …
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B2B fantasy sports platform provider Scout Gaming has moved to expand its portfolio. confirming the launch of its esports betting offering across its network of partners. Launching its new vertical, Stockholm-listed Scout Gaming underlines that it is committed to expanding its availability of esports content during the coming weeks, as industry incumbents navigate COVID-19 disruptions. The esports offering will be …
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Issuing a market filing, Stockholm-listed Scout Gaming AB confirms that it has raised SEK 36 million (€3.5m) in working capital having completed two direct share placements selling approximately 3 million of company shares. Scout governance had been granted rights to sanction the transaction at the Stockholm firm’s AGM on 23 May 2019. The two share placements were directly issued to …
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