Tekkorp makes strategic investment in Scout Gaming Group
Scout Gaming has announced that it has secured a firm commitment for strategic investment from the Las Vegas-based international wagering and gaming industry investment firm Tekkorp Holdings LLC.
Tekkorp Holdings, controlled by President and CEO, Matt Davey, has provided an undertaking to subscribe for shares in the Company up to an amount of MUSD 1.
“Matt Davey and Tekkorp are Scout Gaming’s optimal strategic partner in the position we are in. He is one of the absolute most important names in the sector in the United States and will on several levels help to develop Scout ahead,” commented Scout Gaming’s CEO Andreas Ternström.
“We have observed Scout Gaming’s development and are impressed with what they have achieved in a short time. They are the leading supplier Fantasy Sports-related gaming products now facing an international expansion and we intend to support the Company going forward”, comments Tekkorp’s CEO, Matt Davey.
The Placement is expected to be settled within the following week.
The funds raised from the Placement will be used to further strengthen Scout’s product offering and the continued the geographical expansion.