The deal will see Scout supply its full portfolio of fantasy sports and betting products to the company in the provider’s largest agreement to date.
Scout, which is licensed in the UK and Malta, expects the deal to have a positive effect on revenue in the second half of 2022.
This would further the growth Scout experienced in 2021, when the group’s revenue amounted to SEK 56.6m ($6m), a 21% year-on-year increase.
However, Scout’s EBITDA loss widened to SEK 65.4m for 2021. This information was also published after the company postponed the release of its 2021 year-end report.
Commenting on the provider’s latest agreement, Andreas Ternström, Scout Gaming Group CEO, said: “Bet365 is the world’s leading sports betting operator, and we are extremely proud and excited to be the supplier of our full portfolio of fantasy sports and betting to them. This deal strengthens the view of our product portfolio with sports betting operators.”
The group is headquartered in Stockholm with development and operations in Bergen, Norway and Lviv, Ukraine. It is listed at Nasdaq OMX Stockholm First North, a division of Nasdaq Nordic.
