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Bragg Gaming Group Inc. (NASDAQ: BRAG, TSX: BRAG) is a leading B2B online gaming technology and content provider. Established in 2018, Bragg specializes in identifying and capitalizing on online gaming opportunities, focusing on both B2B and B2C sectors. The company operates a robust platform that aggregates casino content and delivers proprietary, high-performing, data-driven gaming titles under well-known in-house brands including Wild Streak, Spin, Atomic Slot Lab, Indigo Magic, and Oryx Gaming.
Bragg Gaming offers an expansive range of gaming options such as slot games, table games, card games, video bingo, scratch card games, virtual sports, and live dealer games. These games are featured on their Player Account Management (PAM) platform and are also available for integration with third-party platforms. The company's innovative games are supported by powerful data analytics and the Fuze™ player engagement toolset, which enhances player experiences and operational efficiency.
Bragg generates a significant portion of its revenue from the Netherlands, with additional income streams from Curacao, Malta, the United States, Croatia, and other regions. Recent financial results highlight the company's growth trajectory, with a reported full-year 2023 revenue of EUR 93.5 million, reflecting a 10.4% year-over-year increase, and an adjusted EBITDA rising by 26.3% to EUR 15.2 million.
Bragg’s strategic focus on technological innovation and exclusive content distribution has positioned it as a key player in the global iGaming market. The company’s recent achievements include partnerships with leading operators and continued expansion into regulated markets worldwide. Bragg is licensed and operational in several major jurisdictions including New Jersey, Pennsylvania, Michigan, Ontario, the United Kingdom, Italy, the Netherlands, Germany, Sweden, Spain, Malta, and Colombia.
Latest News: Bragg recently pre-announced its full year 2023 financial results, showcasing robust growth and operational excellence. The company will release detailed financial results prior to the market opening on March 26, 2024, followed by a conference call hosted by CEO Matevž Mazij, CFO Ronen Kannor, and CSO Yaniv Spielberg to discuss the results and provide a business update.
Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG) announced significant insider share purchases by management and board members, demonstrating confidence in the company's undervalued shares. Following the conclusion of its Strategic Alternatives Process, the company has reiterated strong expectations for 2025, including double-digit revenue growth, expanding profit margins, and increased operational leverage.
CEO Matevž Mazij emphasized that strategic growth and liquidity initiatives remain key priorities. The review process identified focus areas including stronger cash generation, revenue diversification, accelerated proprietary content growth, and enhanced margins. The company plans to issue formal 2025 guidance in early 2025.
Bragg Gaming Group reported record Q3 2024 results with revenue increasing 16% year-over-year to EUR 26.2 million. Gross profit rose 18% to EUR 14.0 million, while Adjusted EBITDA grew 7% to EUR 4.1 million. The company saw a 40% increase in proprietary online content revenue, driven by expanded US distribution. The Board concluded its strategic review, determining that executing the current strategy is the best path forward. Bragg reiterated its 2024 guidance of EUR 102.0-109.0 million in revenue and EUR 15.2-18.5 million in Adjusted EBITDA, tracking toward the lower end of guidance.
Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG), a global B2B iGaming content and technology solutions provider, has announced it will release its third quarter 2024 financial results before market opening on Thursday, November 14, 2024. The company will host a conference call at 8:30 a.m. Eastern Time, featuring CEO Matevž Mazij and interim CFO Robbie Bressler, who will discuss financial results and provide a business update. A presentation will be available on the company's investor relations website, and a replay of the call will be accessible until November 21, 2024.
The Planet MicroCap Showcase: VANCOUVER is set to take place on September 25-26, 2024 at the Fairmont Waterfront Vancouver. This event will feature 50 MicroCap public and private companies presenting their businesses. The showcase begins with keynotes from Paul Andreola of Small Cap Discoveries and Brent Todd from Canaccord Genuity Wealth Management.
The event includes presentations from various industry experts and company executives. Attendees can participate in 1x1 meetings with presenting companies. The agenda covers a wide range of sectors, including technology, healthcare, renewable energy, and more. Notable presenting companies include Reklaim, Grey Wolf Animal Health, McCoy Global, and BRAGG Gaming Group.
The showcase offers both in-person and virtual attendance options, with webcasting links provided for those unable to attend live. The event is supported by several sponsors, including Canaccord Genuity, Lucosky Brookman, and Marcum LLP.
Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG) has expanded its partnership with Caesars Digital to Pennsylvania and Ontario, following earlier launches in New Jersey and Michigan. This expansion brings exclusive game titles and Remote Gaming Server (RGS) technology to new markets, doubling the number of states/provinces where Bragg content is offered on Caesars Palace Online Casino and Caesars Sportsbook & Casino.
Players in Pennsylvania and Ontario will now have access to leading titles, including exclusive custom titles featuring Caesars IP, as well as games from Bragg's multiple studio partners. The expansion aligns with Bragg's strategy to deliver engaging content across North America. H2 Gambling Capital projects Gross Win of over USD $2.5 billion for Pennsylvania's regulated online casino market in 2024, and USD $2.2 billion for Ontario in the same period.
Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG) announced its Q2 2024 financial results, reporting record revenue of EUR 24.9 million (USD 26.6 million), a 0.5% increase compared to Q2 2023. Gross profit fell by 10.3% to EUR 12.4 million, and adjusted EBITDA decreased by 23.8% to EUR 3.6 million.
CEO Matevž Mazij highlighted the growth in higher-margin products and expansion in key markets like the U.S., where wagering volume is expected to double in 2024. Bragg launched 17 new titles globally, expanded its U.S. presence with BetMGM and FanDuel partnerships, and secured significant deals in Europe, including the Netherlands and Italy. The company reiterated its full-year 2024 revenue guidance of EUR 102.0-109.0 million and adjusted EBITDA of EUR 15.2-18.5 million.
Notable developments include the appointment of key executives, settling USD 1 million of convertible debt, and securing a EUR 6.5 million investment to enhance balance sheet flexibility.
Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG), a global B2B gaming technology and content provider, has announced the release of its second quarter 2024 financial results on Thursday, August 8, 2024, before the financial markets open. The company will host a conference call at 8:30 a.m. Eastern Time on the same day, featuring CEO Matevž Mazij and interim CFO Robbie Bressler, to discuss the results and provide a business update. A presentation will be available for viewing on the company's investor relations website. Interested parties can join the call using provided toll-free and international dial-in numbers. A webcast of the call and presentation will also be available, and a replay will be accessible until August 15, 2024.
Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG) has launched HardRockCasino.nl in the Dutch market, providing its advanced player account management (PAM) software. This marks Bragg's sixth PAM client in the Netherlands, solidifying its position as a leading technology and content supplier. Hard Rock Casino NL gains access to Bragg’s full range of managed services, including customer support, payment processing, fraud prevention, and retention marketing.
Additionally, Hard Rock Casino NL can access the Bragg HUB, featuring over 10,000 casino titles, including exclusive content from in-house studios like Atomic Slot Lab and Indigo Magic. The platform also includes Fuze™ promotional tools for player engagement. Bragg's collaboration with Hard Rock Digital comes as part of a brand licensing agreement with iCasino.BV, which obtained a Dutch Gambling Authority license in May. The Dutch online gambling market is expected to surpass USD 2 billion by 2024.
Bragg Gaming Group has announced the results of its annual general meeting of shareholders, held on June 27, 2024. All nominees listed in the management information circular dated May 21, 2024, were elected as directors. The detailed voting results are:
Matevž Mazij: 92.52% for, 7.48% against; Holly Gagnon: 98.03% for, 1.97% against; Mark Clayton: 98.07% for, 1.93% against; Kent Young: 92.52% for, 7.48% against; Don Roberston: 98.07% for, 1.93% against; Ron Baryoseph: 99.89% for, 0.11% against.
Additionally, MNP LLP was re-appointed as the company's auditors with 98.77% of votes in favor, and the board of directors was authorized to fix the auditors' remuneration.
Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG) has launched its latest games and Remote Game Server (RGS) technology with BetMGM in Pennsylvania. This marks its third state launch with BetMGM, following earlier introductions in Michigan (2022) and New Jersey (2023). BetMGM players in Pennsylvania can now access popular titles such as “Egyptian Magic” and “Fairy Dust” from Bragg’s Atomic Slot Lab, with additional titles forthcoming. Further expansions include content from Bragg’s Wild Streak Gaming and partners under the Powered By Bragg program, including King Show Games and Sega Sammy Creation. Bragg’s new RGS technology features Fuze™ promotional tools for enhanced player engagement. The Pennsylvania market is projected to have a Gross Win of over USD $2.5 billion in 2024, indicating significant growth potential. Bragg emphasizes its commitment to innovation and player satisfaction in the U.S. iGaming market.
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