Scout Gaming is monitoring the development of COVID-19 closely and act accordingly. In light of the extraordinary conditions caused by COVID-19, Scout Gaming is providing an update on preliminary Q1 revenue. Even though the current situation is unpredictable, the Group currently expects sports to resume successively during the summer.
Scout Gaming has had a good start to the year with total revenue for the first quarter of 2020 estimated to be in the range of SEK 8.2-8.7 million (Q1 2019: SEK 3.5 million), which means a growth of 134-149% compared with corresponding quarter previous year. The revenue was positively impacted by strong underlying client activity up to the disturbance of sports in the middle of March 2020.
The impact of cancelled sports events was essentially effective from mid-March 2020, which resulted in lower turnover, expected to have affected the revenues between SEK 1.0-1.5 million. Operator Trading Index for Q1 was 1004, compared to 549 for Q1 2019, which means a growth of 83%.
Scout Gaming operates with several different revenue streams including a portion of fixed fees set in all long-term agreements.
Scout Gaming has taken measures to protect employees and to ensure stability of operations by adjusting ways of working so that employees and critical external contractors, as far as possible, work from home. Benefitting from a new built technology and being a young company, this has been achieved with no whatsoever disruption to the business.
Scout Gaming is working hard to continue to provide an attractive sport offering to their clients. Due to the flexible nature of the business Scout Gaming has been able to provide DFS tournaments as well as Matchup duels and Player Performance Odds on local leagues that were not a part offering before the COVID-19 outbreak. In connection to the outbreak Scout Gaming also launched a full set of Esports related markets.
“Even though it is impossible to foresee the future development of this ongoing pandemic, we currently only expect temporary negative impact on our business from the ongoing Corona outbreak. Our best guess at the moment is that sports will be resuming successively during the summer. In order to maintain financial stability, we have adapted our cost base through overseeing and hence reducing mainly levels of marketing related costs, but also personnel costs as well as operating costs in general.
The current situation is by no doubt very challenging, but I’m extremely impressed in how our full organization put their maximum effort and creativity to handle this in an optimal way. I’m very positive on the outlook of Scout Gaming as we continue to agree significant deals with market leading operators.
As the market leading fantasy sports supplier, we will continue to benefit from a wide geographical landgrab and a growing product portfolio. I also see that the market for Fantasy Sports and player related content is in a favorable global position where operators seek more relevant sports content”, comments Scout Gaming’s CEO, Andreas Ternstrom.
Presentation of quarterly results
Scout Gaming intends to present the full results and report for the first quarter of 2020 on Wednesday, 20th of May.
Underdog Launches “Sunday Sweepstakes” to Celebrate 1 Million Paid Customers by Giving Away $2 Million to Users This NFL Season
Underdog Sports, one of the fastest-growing paid fantasy sports companies, announced that in honor of hitting one million paid users on the platform, they will be giving away $2 million throughout the 2023-2024 NFL Season.
This Sunday, September 17, Underdog will host the “100k Sunday Sweepstakes”, giving ten users the chance to win $10,000. The Sweepstakes opens at 12:00:00 p.m. ET on Tuesday, September 12, 2023 and ends at 12:00:00 p.m. ET on Sunday, September 17, 2023.
“Having our one millionth paid player in just our third year speaks directly to the appetite for innovation and improved experiences for sports fans in America. Three years ago, we set out on a journey to build new games for fans to increase their enjoyment of the sports they love. I’m looking forward to giving our players an opportunity to win even more with the Sunday Sweepstakes and am excited to continue growing our offerings and making the player experience even better for the next million and beyond. We’re just getting started,” Jeremy Levine, founder and co-CEO of Underdog, said.
$100k Sunday Sweepstakes Details:
- Open to all verified users of the Underdog Fantasy sports platform
- Ten (10) winners will each receive one (1) $10,000 cash credit via Underdog Fantasy during the Sweepstakes period
- Winners are selected by random drawing
- Potential winner(s) will be notified by email or social media direct message and must sign and return any forms required by Underdog
- Prize structure subject to change throughout the 2023-2024 NFL Season – come back each week for more chances to win.
SharpLink Gaming Launches New LeagueSafe Mobile App
SharpLink Gaming, a pioneer of targeted, data-driven fan activation and conversion solutions for the U.S. sports betting and iGaming industries, announced the successful launch of LeagueSafe’s new, highly rated mobile app, with over 16,000 downloads by fantasy sports players since the app’s debut in Google Play and the Apple App Store in early August.
Prior to the launch of the new mobile app, more than 600,000 users have subscribed to LeagueSafe’s services via its website, found at www.leaguesafe.com, which has processed more than three million transactions since its inception in 2008.
Acquired by SharpLink in connection with its merger with SportsHub Games Network in December 2022, LeagueSafe was created with the goal of simplifying and automating the last remaining hassle in private fantasy sports league administration: finance management. Since its founding, LeagueSafe has become the most trusted source for collecting and protecting season-long fantasy league dues and payouts of winnings via proven, secure online and mobile platforms.
LeagueSafe’s primary goal is to simplify fantasy league management for private fantasy league commissioners. In addition to empowering fantasy leagues to quickly and easily collect entry fee payments online and safeguard league fees throughout the season, LeagueSafe offers transparency of league finances to fantasy team owners, gives owners the opportunity to validate their commissioners’ intended payouts, and sends payment reminders to unpaid owners as the season approaches, alleviating many of the headaches league commissioners face as they organize their leagues. League commissioners can allocate payouts within hours of the end of the season, and league members can receive their winnings immediately using one of several payout delivery options. No credit card or bank account information is stored on the site or the new mobile app, and each transaction is a one-time event. LeagueSafe generates revenue through the collection of interest earned on the dues held in its wallet system. After the season ends, users can elect to leave their winnings in their wallets for future use or request payouts at any time. LeagueSafe supports players engaged in all fantasy sports, including fantasy football, baseball, basketball and hockey, with fantasy football comprising the largest audience of users.
The recently launched mobile app allows commissioners to create and manage their leagues and makes it easy for league members to view their league information and make entry fee payments online. Private fantasy leagues drafting in-person or online with their league mates can be paid up and ready for the season in a matter of minutes using the QR code-enabled invite system included with the app. The app also includes free-to-play games, including a weekly single player fantasy football prop game for the upcoming NFL season. Users who make the most correct selections from a group of 7-10 fantasy football themed questions each week are eligible for weekly prizes.
“With its proprietary audience of users and volume of collected entry fees both trending upward, LeagueSafe is expected to be a significant contributor to SharpLink’s future success, helping us to advance on our core objectives associated with audience aggregation, fan engagement and positive financial performance. The growth momentum behind LeagueSafe is a direct result of the concerted efforts of SharpLink’s collective business units working to expand awareness of LeagueSafe’s services among millions of U.S. sports fans, who love the social interactions and competition with friends, family, and co-workers, the low cost/high reward offered by fantasy sports gaming and the thrill of victory when they win,” Rob Phythian, Co-Founder and CEO of SharpLink, said.
Betr Introduces Real Money Fantasy Sports Vertical with Launch of “Betr Picks” Across US
Betr Holdings announced the launch of Betr Picks, a pick ’em style fantasy game to complement its existing real money and free-to-play online sports betting (OSB) product, Betr Sportsbook.
The simple and intuitive real money fantasy pick ’em experience allows users to select “More” or “Less” from a wide array of player projections to build a lineup with as few as 2 and up to a total of 8 players. Users have the potential to win up to 100x their initial entry if they get 8 picks correct. Betr Picks is now available in 24 jurisdictions (including California, Texas, Florida, Illinois, Georgia, and North Carolina) which collectively represent over half of the U.S. adult population, and the Company is planning to further expand its fantasy reach to at least 30 total jurisdictions by the end of 2023. The Betr Fantasy & Sportsbook app is currently available on iOS with plans to launch on Android soon. This launch marks the first time that sportsbook and fantasy will operate within a single app.
Fantasy sports is the latest extension of Betr’s real money gaming business, which already has an established OSB business with live operations in Ohio and Massachusetts and plans to launch OSB in Virginia in the coming weeks and additional jurisdictions in the months ahead. Betr Picks offers a differentiated pick ’em experience, including the ability to pick up to 8 players, higher payout multiples (up to 100x), and no pushes. Betr’s signature focus on simple and intuitive product design, along with its bespoke integrations with Betr Media, will further distinguish the Betr Picks experience from the broader fantasy sports gaming market.
“We are thrilled to expand the Betr Gaming business by introducing our real money fantasy sports vertical with the launch of Betr Picks. Betr Picks allows us to acquire and engage real money gaming users across the United States, enabling Betr Gaming to more fully capitalize on the nationwide presence of Betr Media for the first time, all while providing a complimentary pre-match experience to our in-play focused OSB product. We believe Betr Picks already features a strong core user experience relative to existing pick ’em products, and we have several material enhancements that will be released over the coming weeks and months including more sports, game modes, media integrations, deposit and withdrawal capabilities, and more,” Joey Levy, Founder and CEO of Betr, said.
- The Esports Awards Reveals Pro & On-Air Talent Finalists
- Horseshoe Casino Baltimore Player Wins $1,017,041.32 Mega Royal Flush Progressive Jackpot
- Go Big or Go Home: High Roller Casino Bonus Canada Explained
- PointsBet Canada Renews The Sweep 16 Bracket Challenge with Spotlight Sports Group Ahead of Second Annual PointsBet Invitational Curling Tournament
- Play’n GO make a break for the piggy bank in Piggy Blitz
- GeoComply and Citi launch the second edition of “The Challenger Series” in Las Vegas
- AvatarUX partners with BetConstruct to further expand international footprint
- Niko Partners ‘India Games Market’ Report – India retains title as Asia’s fastest-growing video games market in 2023
- Get back to basics and win big in latest ‘Powered by OneTouch’ title Mo Mo Moolah
- Gaming Corps’ sizzling Super Hot Stacks slot brings Free Spins and Bonus Guarantees
- Get clucky in 3 Oaks Gaming’s Little Farm: Hold and Win
- Soft2Bet Takes Aim at Italian iGaming Market Through Strategic Licensing
- Playtika Unveils the Thrilling Crime Saga Ghost Detective from Wooga Exclusively on Netflix Games
- Leading Law Firm Poppleston Allen Comments on People’s Postcode Lottery’s ASA Ruling
- Star Guests Boost Viewing Figures as Successful Big Sam Show Provides Returns for William Hill
Asia4 weeks ago
INSIDE QUANTUM GAMING’S STRATEGIC PARTNERSHIP WITH JAPAN SOLUTIONS: EMPOWERING SUCCESS IN THE JAPANESE MARKET
Drew Svitko4 weeks ago
Scientific Games Launches The Game of Life Scratch, Fast Play and Digital Lottery Games with World-Leading Pennsylvania Lottery
Latest News3 weeks ago
Arctic7 Accelerates Growth With New Barcelona Studio and First Details of New Internally Developed Game
a top advisory firm in the gambling industry4 weeks ago
SCCG Management Announces Strategic Partnership with Yepp for Innovative Fan Engagement Software Solutions
Compliance Updates4 weeks ago
Kate Nicholls OBE to join UK Gambling Minister, Shadow Minister and fellow industry CEO’s at 2023 bacta Convention
Asia4 weeks ago
PAGCOR RELEASES 1ST TRANCHE OF AID TO OVP
Asia2 weeks ago
Kazakhstan President Directs Govt Agencies to Limit Gambling for Certain Individuals
Argentina2 weeks ago
PRAGMATIC PLAY GOES LIVE WITH BETWARRIOR MENDOZA IN ARGENTINA