Scout Gaming has published its financial results for the first quarter of 2021, revealing that revenues increased 54 per cent to SEK13.4m.
”We continue to build the European fantasy sports market at a rapid pace," said CEO Andreas Ternstrom. "This is primarily illustrated by Scout Gaming's Operator Index, which measures the underlying customer activity. The Operator index amounted to 2,652, which is an increase of approximately 164 per cent compared to the corresponding quarter last year.
"Revenues increased by 54 per cent to SEK13.4m during the first quarter. In line with our strategy, growth is driven by a combination of new launches by B2B customers, increased price pools and growth in underlying activity. Despite the growth, we are only at the very beginning of the introduction of fantasy sports in the online gaming market in Europe.
"The growth we demonstrate together with a favourable sports calendar and new integrations with ATG and Norsk Tipping has put us in a strong position for the upcoming future. Successful launches with ATG and Norsk Tipping could transform Scout Gaming to a new level.
"The conditions for achieving our goals of building market-leading prize pools within fantasy sports have further improved. Regarding Norsk Tipping, we still wait for the Norwegian Ministry of Culture to give final approval before launch can take place.”
