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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) expands its UK market presence by partnering with SkillOnNet to distribute its iGaming content across multiple casino brands, including PlayOJO and Slingo.com. This follows the receipt of a supplier license from the Gambling Commission in November. The UK online casino sector is projected to reach approximately US$5.5 billion in 2021. Bragg anticipates its total addressable market will grow to over US$18 billion in 2022, with the UK making up nearly one third of this figure.
Bragg Gaming Group has launched its gaming content in the UK market for the first time with 888casino, following the recent acquisition of a supplier license. This expansion allows Bragg to tap into the UK’s regulated online gambling sector, valued at approximately $9.2 billion with online casino games contributing significantly. The partnership includes ORYX’s exclusive RGS offerings and the debut title, Egyptian Magic, from Bragg's Atomic Slot Lab. This move marks a crucial step in strengthening Bragg’s position in the global iGaming market.
Bragg Gaming Group (NASDAQ: BRAG) strengthens its presence in Switzerland by partnering with Grand Casino Baden, which operates jackpots.ch. This collaboration follows an earlier agreement and includes the launch of popular gaming titles from GAMOMAT via ORYX Gaming's remote gaming server. The partnership aims to enhance player engagement and retention, leveraging Grand Casino Baden's established reputation in the online gaming sector. Bragg's leadership commented on the significance of this alliance in expanding their brand within regulated markets.
Bragg Gaming Group has received all necessary regulatory approvals to finalize the acquisition of Spin Games LLC, anticipating completion in early 2022. This acquisition is expected to enhance Bragg's growth prospects in the U.S. iGaming market, potentially expanding their total addressable market to over USD $18 billion. In addition, Bragg reports a strong entry into the Netherlands iGaming market, achieving double-digit market share since October and contributing to a revised online gross gaming revenue forecast of approximately USD $915 million for 2021.
Bragg Gaming Group, listed under NASDAQ: BRAG, announced a significant agreement with White Hat Gaming to distribute its exclusive iGaming content across a large operator network. This partnership will allow Bragg to enhance its presence in key regulated markets, particularly in the United Kingdom, following its recent UKGC license acquisition. The initial batch of slot games is expected to be launched by year-end, with more titles planned for 2022, expanding Bragg's reach to over 40 new brands in Europe.
Bragg Gaming Group, trading under NASDAQ: BRAG, has expanded its presence in the Dutch iGaming market with the launch of JACKS.NL, the online brand of Jack's Casino. This development follows the granting of a license by the Dutch Gaming Authority to JOI Gaming, part of JVH Gaming & Entertainment Group, allowing operations in the regulated market. The ORYX Platform provides comprehensive management tools and supports exclusive games, contributing to Bragg's strategic growth in this key market.
Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG) will have its Chief Strategy Officer, Yaniv Spielberg, participate in a fireside chat at the Jefferies Sports Betting & iGaming Summit on Thursday, December 2, at 1:00 p.m. ET. He will also hold one-on-one and group meetings with institutional investors that day. A live webcast of the discussion can be accessed via Bragg's Investor Relations website, with an on-demand replay available post-event. Bragg Gaming, founded in 2018, is a global leader in iGaming technology and content, operating across Europe, North America, and Latin America.
Bragg Gaming Group (NASDAQ: BRAG) has received a significant supplier license from the UK Gambling Commission, marking its entry into the largest regulated iGaming market. This license will allow ORYX Gaming, a subsidiary of Bragg, to offer its content to major operators and expand its addressable market. With a total addressable market of approximately US$5.5 billion in the UK, this move is a crucial step in Bragg's growth strategy, aiming to increase its market share and expand into new jurisdictions, potentially boosting its total addressable market to over US$18 billion in 2022.
Bragg Gaming Group (NASDAQ: BRAG) has launched its platform for BetCity.nl, marking its entry into the newly regulated Dutch online gaming market. BetCity.nl is among the first ten operators licensed by the Netherlands regulator. The partnership with BetEnt, a subsidiary of Casino City, includes a comprehensive iGaming solution featuring ORYX’s Player Account Management (PAM) platform and an extensive library of over 10,000 games. With the potential for significant cross-sell opportunities from sports betting, Bragg aims to leverage its high-quality products in this developing market.
Bragg Gaming Group (NASDAQ: BRAG) reported strong Q3-2021 results with revenue of €12.9 million (up 9.9% YoY) but a decrease in Adjusted EBITDA to €1.4 million (down 22.7%). The company raised its 2021 revenue guidance to €55-56 million and 2022 guidance to €59-61 million. Key metrics showed a 4.8% increase in wagering revenue and a 14.4% rise in unique players to 2.1 million. Strategic initiatives include market diversification and an acquisition of Spin Games, positioning Bragg for further growth in the North American iGaming sector.
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