Wins public procurement with Norsk Tipping

Scout Gaming Group, furthermore “SGG” or “company”, has won a public procurement concerning an exclusive delivery of Fantasy Sport products to the governmental gambling company Norsk Tipping, which have a statutory gambling monopoly in the Norwegian market.

SGG has during the last two years delivered a limited Fantasy Sport product to Norsk Tipping which mainly has been “play for free”. The technical integration with Norsk Tipping is completed, why the evolved cooperation is assessed to start expeditiously.

The compensation to SGG is reimbursement-based with a fixed guaranteed amount and the company’s assessment is that the partnership will have a significant affect on the company’s future revenue and profitability. Given the nature of the reimbursment model it is not possible to estimate the future upcoming economic outcome.

Niklas Jönsson, acting Chief Executive Officer of SGG, said: “That we now are given the opportunity to be Norsk Tipping’s provider of our full offering in the Fantasy Sports segment is a clear proof of the quality in the product which we have built in the company and we look forward to the partnership and will promptly start the delivery to the Norwegian market.”

For additional information, please contact:
Niklas Jönsson, CFO and acting CEO
Tel: +46 725 494 173
E-mail: [email protected]

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. Contact details: [email protected], +46 (0)8 121 576 90.

https://news.cision.com/scout-gaming-group/r/wins-public-procurement-with-norsk-tipping,c3586452

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