Scout Gaming partners with Razer for fantasy esports app

B2B daily fantasy sports and pool betting provider Scout Gaming Group has entered into a partnership with video game lifestyle brand Razer.

Through the partnership, Scout has developed and will host a mobile app which allows Razer users to participate in fantasy esports tournaments.

Razer currently offers gamers hardware, software and services, including a platform with more than 125 million users. Its software stack includes Internet of Things platform Razer Synapse, RGB lighting technology system Razer Chroma RGB and game optimiser and launcher, Razer Cortex.

The business also currently offers payment services, including Razer Gold, in addition to fintech services in emerging markets.

The new platform will be offered to Razer’s current user communities and channels, and will be operated through a yet to be disclosed brand based on Scout Gaming’s proprietary tech stack.

Scout said that in the short term, the partnership is expected to have a low impact on its revenues, but that it has potential for a long-term significant impact.

Results published last month showed that Scout had recorded a 54.0% year-on-year increase in revenue in the first quarter of 2021, which it said was down to a number of new customer launches and increased prize pools.

Revenue for the three months to 31 March amounted to SEK13.4m (£1.1m/€1.3m/$1.6m), and Scout said much of the growth was due to the addition of new clients, having secured new partnerships with operators including ATG in Sweden and Norway’s Norsk Tipping during the quarter.

Original Article