Stockholm-listed fantasy sports solutions provider Scout Gaming Group has entered the Mexican market through an agreement with Logrand Entertainment.

Logrand currently operates 14 casinos in Mexico and will launch a fantasy sports offering during the first half of 2019 through its online brand Strendus.

“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,” said Lenin Castillo, chief operating officer online at Logrand Entertainment Group.

“We are sure that will see an expanding number of users and that with this partnership will strengthen our leading position in the industry.”

Andreas Ternström, chief executive of Scout Gaming Group, commented: “We are really pleased with this deal, making us enter into the Mexican market. We see big potential in the region and are 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.”

Shares in Scout Gaming Group AB (STO:SCOUT) surged 13.68 per cent to SEK34.90 per share in Stockholm Wednesday morning.