Swedish business-to-business daily fantasy sports (DFS) and pool betting technologies innovator Scout Gaming Group AB has announced the signing of an exclusive deal that has seen it partner with gaming peripherals pioneer Razer Incorporated.
The Stockholm-headquartered firm used a brief Tuesday press release to detail that the new alliance is set to see it develop and host a mobile-friendly app that will enable aficionados to participate in fantasy eSports tournaments using innovations from Hong Kong-listed Razer Incorporated. The company described its latest associate as ‘the world’s leading lifestyle brand for gamers’ thanks to an extensive portfolio of hardware, services and software that encompasses a platform already enjoyed by approximately 125 million users from across the globe.
Scout Gaming Group AB declared that it subsequently intends to make this ‘unique fantasy platform for eSports’ available to all of the ‘user communities and channels’ offered or supported by Razer Incorporated. The enterprise also stated that this new arrangement is to be realized ‘through an as yet to be disclosed brand based on our proprietary technology stack’ and could eventually have a ‘significant impact’ on its long-term financial results.
Established in 2005 and dual-headquartered in California and Singapore, Razer Incorporated has 17 offices around the world with its technology stack encompassing the Razer Synapse platform, the Razer Chroma RGB lighting technology system and the Razer Cortex game optimizer and launcher. The company’s business moreover involves payment options such as its Razer Gold advance in addition to fintech services for those in emerging markets.
This alliance for Scout Gaming Group AB comes less than a week after the firm launched its fantasy player odds markets advance with the Greek operator behind the iGaming domains at Stoiximan.com and Betano.com, Kaizen Gaming. The firm earlier revealed that players on these sites will now be able to place over/under and outright wagers using its own in-house proprietary sportsbetting platform and betting slip.
In its report on the alliance, the news domain at iGamingBusiness.com asserted that Scout Gaming Group AB recently chalked up a rise of 54% year-on-year in its first-quarter revenues to approximately $1.6 million thanks to increased prize pools and a number of fresh customer launches. This source explained that the list of the firm’s recent new clients ran to Norwegian operator Norsk Tipping AS alongside Sweden’s newly-privatized AB Trav och Galopp (ATG).
Scout Gaming Group AB reportedly divulged that its recent results had been furthermore helped by a boost in activity from its current client base while its operating expenses for the three-month period rose by 40.4% year-on-year to top $3.6 million as its associated external expenses spiked by 90.7% to hit almost $2.2 million.