“We are proud that Betway’s African licensee partner selected us as their Fantasy Sports partner. They have quickly become market leaders in the region, and we are looking forward to supporting them as they expand,” comments Scout Gaming CEO, Andreas Ternstrom.

The agreement is not expected to have a material impact on Scout Gaming’s 2019 revenues but has the potential to have a significant effect on its revenues in future years, depending on the speed of rollout in the region, the press statement says.

Scout Gaming Group is a licensed and regulated provider of B2B Daily Fantasy Sports. 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.

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The companies expect their integration to generate material income in future years. Scout Gaming’s long-term revenue is dependent on how many customers playing Scout Gaming games, and to what extent these players will use the products.

“I’m very pleased to enter into this agreement,” said Andreas Ternstrom, CEO of Scout Gaming Group. “FDJ is a leading WLA operator and one of the dominating gaming companies in the world. This agreement should be looked upon as groundbreaking for Scout Gaming,” he added.

FDJ is the national lottery and the French leader in gambling and entertainment. In 2018 it had 25 million players, conducting more than 30,000 points of sale and employing a staff of 2,300. FDJ collected €15.8b in stakes, the digital space having a share of 15%, as the press release says.

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“Digitain is among one of the largest platform providers and will make a great potential contribution to our network,” said Andreas Ternström, the CEO of Scout Gaming Group. “This clearly states that Scout Gaming is the first-hand choice when it comes to fantasy-related products,” the CEO added.

“We are continuously looking to improve our product offering and have found that Scout Gaming has a proven capability of providing fantasy sports games with a global network and therefore is experienced partner to launch and expand Digitain’s fantasy sports offering,” said Suren Khachatryan, the CCO of Digitain. “Scout Gaming’s fantasy sports solution will be provided along with our in-house developed and managed sportsbook solution,” the Digitain COO added.

Digitain started out as a national lottery in Armenia in 1999, before becoming a multi-channel iGaming software provider in the online, hand-held and land-based industries. Digitain integrates sportsbook, casino, live dealer and virtual sports modules. The company says its portfolio includes an “extensive” payment gateway and a “dedicated” non-stop customer support service.

Scout Gaming Group handles its sales, support and product management from its Maltese office, it is headquartered in Stockholm, Sweden, and has operations in Bergen, Norway, and Lviv, Ukraine, and is listed on the Nasdaq stock exchange.

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“This is the third customer agreement we sign where the counter-party is expected to have a significant presence in the Indian market that is growing strongly. Cricket is a huge sport locally, and I am excited about continuing to grow the liquidity network we have established. Further on this means larger prize pools and a more attractive product,” says Andreas Ternström, CEO at Scout Gaming.

“We see how Fantasy Sports has strong growth in the country. With players like Dream11 who are extremely popular at the forefront, we have explored the possibilities of expanding our value chain to operator business focusing exclusively on fantasy sports. After that scan of the market, Scout Gaming came across as the most competitive player, having established a global liquidity network with access to both popular local sports such as Cricket and Kabaddi, but also international leagues such as Premier League are something we believe will be winning in the long run,” adds Harshit Mehta, CEO of Indiabet.com.

Sports Gaming UK which owns Indiabet.com holds a stake in Scoring 11 (Playsafe Games Pvt Ltd). IndiaBet is run by Harshit Mehta in India and he owns majority shares in Playsafe Games Pvt Ltd. Indiabet.com is originally an affiliate focusing on the Indian market. Scout Gaming’s products are expected to be launched during the year. Scoring 11 is also likely to be part of Scout Gaming’s global liquidity network. Fantasy Sports is considered a skill game in India and is thus entirely legal.

Scout Gaming Group is a licensed and regulated provider of B2B Daily Fantasy Sports and pool betting. The group has approximately 70 staff and 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.

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Scout Gaming’s products are expected to be launched during the first half of 2019. As part of the Brazilian launch, the product range will be supplemented by local leagues.

“We continue to build our global network and are excited about entering South America. We are experiencing an increasing global interest in Fantasy Sports gradually”, says Andreas Ternström, CEO of Scout Gaming.

Jogajà, led by Jacob Lindorff with background from Expekt, Betway and Bonnier Gaming, is a startup backed by Swedish venture capitalists.

“Fantasy Sports has experienced strong global growth with the US as a leading market. The Brazilian sports betting market is the largest in South America; therefore, we see great potential for daily fantasy sports. Together with our partners, media companies and influencers, we will launch the coming spring and have high ambitions for the product,” says Jacob Lindorff.

Scout Gaming Group is a licensed and regulated provider of B2B Daily Fantasy Sports and pool betting. The group has approximately 70 staff and 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.

The post Scout Gaming signs pact with Jogajà, enters Brazilian market first appeared on The Malta Business Weekly.