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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) 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.
Bragg Gaming Group (NASDAQ: BRAG) has signed an exclusive global content licensing agreement with Bluberi, enhancing its iGaming offerings. Bluberi, with over 25 years in the industry, has a rich portfolio of more than 100 casino games. This partnership aims to adapt Bluberi's land-based titles for online distribution, initially targeting the North American market and later expanding to Europe and Canada. This strategic move underlines Bragg's commitment to content diversification and strengthens its foothold in the growing online gaming sector.
Bragg Gaming Group (NASDAQ: BRAG) has secured a full turnkey partnership with MERKUR, enhancing its presence in the Czech market. This agreement will allow ORYX Gaming, a subsidiary of Bragg, to provide a comprehensive iGaming solution, including its Player Account Management platform and various operational services. The rollout, expected in mid-Q2 2022, comes as online gambling in the Czech Republic shows consistent growth, generating approximately USD 550 million in 2020, which comprised over 32% of the total gambling revenue.
Bragg Gaming Group (NASDAQ: BRAG) announced it will release its third quarter 2021 financial results on
Bragg continues to expand its operations globally, focusing on key markets in Europe, North America, and Latin America.
Bragg Gaming Group (NASDAQ: BRAG) has partnered with Holland Casino as it launches its online casino offerings in the newly regulated Dutch market. The collaboration includes ORYX's exclusive content and its casino gaming aggregator product, following Holland Casino’s receipt of one of the first ten online gaming licenses. This partnership allows players access to ORYX-exclusive titles and aggregated games, enhancing Holland Casino’s digital portfolio with advanced player engagement tools.
Bragg Gaming Group (NASDAQ: BRAG) is enhancing its iGaming presence through a new partnership with Playtech, integrating its content into the Playtech Games Marketplace™. This integration will allow access to over 10,000 games, including exclusive titles from various partners, in key markets such as Spain, Italy, Switzerland, the Netherlands, and the UK. The deal supports Bragg's global growth strategy and utilizes ORYX's player engagement tools to increase acquisition and retention. This commercial move follows recent expansions into Greece and Serbia.
Bragg Gaming Group announced its North American debut at the Global Gaming Expo (G2E) from October 4-7 in Las Vegas. The company will showcase a suite of iGaming products from acquisitions such as Wild Streak Gaming, ORYX Gaming, and pending acquisition Spin Games, which is subject to regulatory approval. Highlights include new game titles like Lucky Lightning™ and the FUZE™ Player Engagement Platform. This platform offers features such as tournaments and real-time leaderboards, aimed at enhancing player engagement and boosting online casino KPIs.
Bragg Gaming Group has expanded its partnership with Sega Sammy Creation Inc. to develop two new slot games: Dragon Power and Egyptian Magic. These titles are set to launch in land-based casinos following their success in online platforms. Dragon Power has consistently ranked in the top 3 in the U.S. market since May 2020. This collaboration enhances Bragg's portfolio, further solidifying its position in the global gaming industry.
Bragg Gaming Group announced the certification of its ORYX iGaming Platform and RGS in the Netherlands, allowing 50 exclusive games to launch as the market opens on October 1. The compliant platform includes essential features for player protection, compliance, and risk management, catering to local operators. This strategic move aims to bolster Bragg's presence in regulated markets, with significant potential identified in the Dutch region. The company's experience across jurisdictions enhances its capability to support local operators in the burgeoning online gaming sector.
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