STOCK TITAN

Bragg Gaming Group Inc. Common Shares - BRAG STOCK NEWS

Welcome to our dedicated page for Bragg Gaming Group Common Shares news (Ticker: BRAG), a resource for investors and traders seeking the latest updates and insights on Bragg Gaming Group Common Shares stock.

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.

Rhea-AI Summary

Bragg Gaming Group (NASDAQ: BRAG) expands its footprint in the UK iGaming market through a partnership with Novibet. With this collaboration, ORYX Gaming, a subsidiary of Bragg, launches exclusive titles including games from GAMOMAT and Peter & Sons, and the new title Egyptian Magic from Atomic Slot Lab. The UK's online casino sector is projected to be a $5.9 billion market in 2022, representing significant growth potential for Bragg. This partnership also extends ORYX's content to Greece, with plans for additional regulated market entries later this year.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-13.64%
Tags
none
-
Rhea-AI Summary

Bragg Gaming Group (NASDAQ: BRAG) has expanded its presence in the Swiss iGaming market by securing an agreement with Casino Interlaken to provide exclusive slots on StarVegas.ch. This partnership marks ORYX's third collaboration in Switzerland, following agreements with Grand Casino Luzern and Grand Casino Baden. The Swiss online gaming market, which opened in January 2019, reported gross gaming revenue of approximately $203 million in 2020. ORYX's ISO/IEC 27001 certification facilitates access to this regulated market, underscoring its commitment to information security.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.06%
Tags
none
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.05%
Tags
none
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.24%
Tags
none
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.41%
Tags
none
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.1%
Tags
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.18%
Tags
none
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.38%
Tags
none
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.23%
Tags
conferences
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.07%
Tags
none

FAQ

What is the current stock price of Bragg Gaming Group Common Shares (BRAG)?

The current stock price of Bragg Gaming Group Common Shares (BRAG) is $4.27 as of January 23, 2025.

What is the market cap of Bragg Gaming Group Common Shares (BRAG)?

The market cap of Bragg Gaming Group Common Shares (BRAG) is approximately 103.8M.

What does Bragg Gaming Group Inc. do?

Bragg Gaming Group Inc. is a B2B online gaming technology and content provider, offering a wide range of casino games, and operates a powerful PAM platform.

What are the main brands under Bragg Gaming Group?

The main in-house brands include Wild Streak, Spin, Atomic Slot Lab, Indigo Magic, and Oryx Gaming.

Where does Bragg Gaming Group generate most of its revenue?

Bragg generates the majority of its revenue from the Netherlands, with additional revenue from Curacao, Malta, the United States, Croatia, and other regions.

What kind of games does Bragg Gaming offer?

Bragg offers slot games, table games, card games, video bingo, scratch card games, virtual sports, and live dealer games.

What recent financial performance did Bragg Gaming report?

Bragg pre-announced full-year 2023 revenue of EUR 93.5 million, a 10.4% increase year-over-year, with adjusted EBITDA rising by 26.3% to EUR 15.2 million.

When will Bragg Gaming release its full financial results for 2023?

Bragg Gaming will release its full fourth quarter and full year 2023 financial results on March 26, 2024.

Who will host the upcoming financial results conference call?

The conference call will be hosted by CEO Matevž Mazij, CFO Ronen Kannor, and CSO Yaniv Spielberg.

How can one participate in Bragg Gaming's financial results call?

To join the call, use the dial-in information provided on Bragg's investor relations website or access the webcast and presentation online.

Is Bragg Gaming operational in multiple regulated markets?

Yes, Bragg is licensed and operational in several regulated iCasino markets globally including New Jersey, Pennsylvania, Michigan, Ontario, the United Kingdom, Italy, the Netherlands, Germany, Sweden, Spain, Malta, and Colombia.

What tools does Bragg offer to enhance player engagement?

Bragg's games are supported by powerful data analytics tools and the Fuze™ player engagement toolset, which enhances player experiences and operational efficiency.
Bragg Gaming Group Inc. Common Shares

Nasdaq:BRAG

BRAG Rankings

BRAG Stock Data

103.78M
18.11M
27.21%
5.17%
0.39%
Gambling
Consumer Cyclical
Link
United States of America
Toronto