Nasdaq Stockholm-listed Scout Gaming has brokered a new deal with Betway to launch its fantasy sports product with the online gambling operator in African gaming markets.
Betway and its partners will now gain access to Scout’s full product portfolio and roll out fantasy sports services in the coming weeks.
Further terms of the agreement were not disclosed, but Scout said that the deal could be expanded to other markets, with Africa being the initial focus for the partnership. Betway is currently active in markets such as South Africa, Uganda, Kenya, Nigeria, Zambia and Ghana.
“We are proud that Betway’s African licensee partner selected us as their fantasy sports partner; they have quickly become market leaders in the region and we are looking forward to support them as they expand,” Scout’s chief executive Andreas Ternstrom said.
Scout said that while the new deal is not expected to have a material impact on revenue for 2019, it has the potential to have a significant effect on revenue in future years, depending on the speed of roll-out in the region.
Last month, Scout also brokered a deal to launch a daily fantasy sports platform with a leading media partner later this year under the terms of a new framework agreement with Eurovision Sport.
Scout entered a deal with the division of the European Broadcasting Union, the alliance of public service media groups that has 116 member organisations in 56 countries and operates over 2,000 television, radio and online channels and services.
The agreement stipulated that Scout will provide platform licences to Eurovision Sport, its partners and EBU Members.
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