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Logrand was established in 2005 and currently operates 14 casinos across Mexico, including 6,000 gaming terminals at venues in Cancun, Guadalajara, and Monterrey. Logrand currently employs over 3,500 people.
“We are really pleased with this deal, making us enter into the Mexican market. We see big potential in the region and is proud to be chosen by Logrand which is one of the leading Mexican brands. Their ambition to build the top product offering aligns well with our ambition. The deal also further strengthens Scout Gaming’s position as the global leading B2B provider of Fantasy Sports.” commented Scout Gaming CEO Andreas Ternström.
The agreement is of strategic importance for Scout Gaming. The Mexican market has a lot of similarities with the neighboring US market as well as the broader Latin American market. Scout Gaming will before the upcoming launch in addition to their current offering add some leagues as well as new sports.
Logrand is planning to launch Fantasy Sports via their online brand Strendus. The launch is expected at latest in the first half of 2019.
“The alliance that we made with Scout Gaming Group for establishing our Fantasy Sports offering, strengthens our commitment to provide our clients a quality service and high-level diverse online entertainment platform – we are sure that will see an expanding number of users and that with this partnership will strengthen our leading position in the industry”, commented Logrand Entertainment Group’s Chief Operating Online Officer Lenin Castillo.
Scout Gaming’s long-term revenue is dependent on how many of Logrand’s customers playing Scout Gaming games, and to what extent these players will use the products. In addition, Scout Gaming’s size of the network is significant for the attractiveness of the game in the long run. A larger network is expected to offer larger prize pools and thus increase the attractiveness of the game to consumers.
For additional information, please contact:
Andreas Ternström, CEO, Scout Gaming
Tel: +46 706 770 660
About Scout Gaming Group
Scout Gaming Group is a licensed and regulated provider of B2B Daily Fantasy Sports and pool betting. The company offers a flexible and customizable network based Fantasy Sports solution with support for most sports and leagues through an in-house StatCenter which also provides real-time information to players. Local sports can be provided on request. 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. Scout Gaming is listed on Nasdaq First North and the Certified Adviser is Redeye AB – Phone: 08 – 545 013 49, email: firstname.lastname@example.org.
About Logrand Entertainment Group
Logrand Entertainment Group is a 100% Mexican company, composed by several companies operating in gaming and entertainment. It started its operations in 2005 becoming a leader in the Gaming and Entertainment industry. The group is known for excellent quality service and high-level entertainment, making sure customers have the most unique and unforgettable experience. Logrand Entertainment Group is proud to promote a culture of safety and responsible gaming and its motto is “We make FUN, a serious business”. Logrand Entertainment Group currently operates 14 casinos in Mexico, adding 6,000 gaming terminals, including Cancun, Guadalajara, and Monterrey, generating more than 3,500 jobs.
This information is information that Scout Gaming Group AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08.00 CET on 2 January 2019.