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Bragg’s ORYX Gaming Powers New Dutch iGaming Brand 711.nl
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary
Bragg Gaming Group (NASDAQ: BRAG) has announced a new agreement with 711.nl to provide its Player Account Management (PAM) iGaming platform and exclusive content in the Netherlands. This partnership is significant as it represents Bragg's third PAM platform agreement and fifth overall for online gaming content in this regulated market. The Dutch iGaming market generated over $200 million in Q4 2021, which highlights the potential for growth. The company expects more agreements in the near future as part of its strategic expansion across Europe.
Positive
New agreement with 711.nl strengthens ORYX's market position in the Netherlands.
Partnership represents Bragg's third PAM platform deal in the Netherlands, indicating growing market penetration.
Dutch iGaming market was valued at over $200 million in Q4 2021, presenting significant revenue opportunities.
Negative
None.
Platform and content partnership further expands ORYX’s presence in the growing regulated Netherlands iGaming market
TORONTO--(BUSINESS WIRE)--
ORYX Gaming, a Bragg Gaming Group company (NASDAQ: BRAG, TSX: BRAG) (“Bragg” or the “Company”), announced today a new agreement to provide its Player Account Management (PAM) iGaming platform and exclusive content to a new online casino brand, 711.nl, in the regulated Dutch market.
Pursuant to the agreement, ORYX is supplying its proprietary PAM platform for iGaming to 711.nl, which will ensure the seamless operation for the 711.nl online casino that recently received its licence and is poised to begin operation. ORYX will also deliver games developed by its in-house studios as well as exclusive content from partner studios. The new partnership represents the Company’s third agreement to provide its PAM platform to an iGaming operator for the Netherlands market and its fifth agreement to supply online gaming content in this market.
The iGaming market in the Netherlands was worth over US $200 million (EUR 185 million) in the fourth quarter of 2021, according to Gross Gaming Revenue (GGR) figures published by the Dutch regulator, and the deal with 711.nl will boost ORYX’s presence in the recently regulated country.
The agreement is another proof point of Bragg’s success with the execution of its expansion strategy in regulated markets across Europe. The Company expects to announce additional platform and content agreements in the coming months as it leverages its expertise and know-how gained from historical success in the global jurisdictions it is active in.
Chris Looney, Chief Commercial Officer at Bragg, said: “We’re well aware of how powerful and agile our turnkey solutions are for those beginning online operation in new markets. Our new partnership with 711.nl is a testament to their trust in our ability to provide them with the iGaming platform and content that will help them successfully launch and grow their presence in the Netherlands.
“We have established a very strong platform and content presence in the Dutch iGaming market and we are thrilled to make further inroads into this exciting space together with a local and well-established operator.”
Gilles De Backer, Chief Operating Officer at 711.nl, said: "We are very pleased with the license approval in the Netherlands and had the pleasure to cooperate with ORYX for the license approval process. They offered us everything we needed to get the license and are still offering us great support.
“Before we started our operations in this market we looked into many other platforms. Today we are certain that we made the right call."
About Bragg Gaming Group
Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG) is a growing global gaming technology and content group and owner of leading B2B companies in the iGaming industry. Since its inception in 2018, Bragg has grown to include operations across Europe, North America and Latin America and is expanding into an international force within the global online gaming market.
Through its wholly-owned subsidiary ORYX Gaming, Bragg delivers proprietary, exclusive and aggregated casino content via its in-house remote games server (RGS) and ORYX Hub distribution platform. ORYX offers a full turnkey iGaming solution, including its Player Account Management (PAM) platform, as well as managed operational and marketing services.
Nevada-based Wild Streak Gaming is Bragg's wholly-owned premium US gaming content studio. Wild Streak has a popular portfolio of casino games that are offered across land-based, online and social casino operators in global markets including the U.S. and U.K.
In May 2021, Bragg announced its planned acquisition of Nevada-based Spin Games, B2B gaming technology and content provider currently servicing the U.S. market. Spin holds licenses in key iGaming-regulated U.S. states and supplies Tier 1 operators in the region.
What is the new partnership Bragg Gaming announced?
Bragg Gaming announced a partnership with 711.nl to provide its Player Account Management (PAM) platform and exclusive content for their online casino in the Netherlands.
How does Bragg Gaming's agreement with 711.nl impact their presence in the Netherlands?
This agreement enhances Bragg Gaming's presence as it marks their third PAM platform agreement and fifth overall content supply agreement in the regulated Dutch iGaming market.
What is the size of the Dutch iGaming market?
The Dutch iGaming market was valued at over $200 million in the fourth quarter of 2021, according to the country's regulatory body.
What future plans does Bragg Gaming have following this partnership?
Bragg Gaming expects to announce additional platform and content agreements in the coming months as part of its expansion strategy in regulated markets.
What is the stock symbol for Bragg Gaming Group?
The stock symbol for Bragg Gaming Group is NASDAQ: BRAG.
