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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 its participation in the Planet MicroCap Showcase: VEGAS 2023, scheduled for April 26, 2023, at 1:30 PM PST. Yaniv Spielberg, the Chief Strategy Officer, will lead the presentation and answer questions afterward. Investors can access the live presentation through a provided webcast link.
This event allows interested parties to book one-on-one meetings with Bragg Gaming Group during the conference in Las Vegas. For those unable to attend, all presentations will be available on the conference platform.
Bragg Gaming Group is a B2B technology provider in the iGaming sector, known for its proprietary gaming content and technology, operating in various regulated markets worldwide.
Bragg Gaming Group has launched its content in Italy, expanding its presence in Europe's second largest online gaming market. The company partnered with Microgame, Italy's leading gaming service provider, to distribute over 30 popular online casino games exclusively in this market. Italy, which has a projected online casino revenue of US$2.4 billion in 2023, has been a key market for Bragg following its expansions in other territories like North America and the UK. Bragg's President, Lara Falzon, emphasized the significance of this expansion as part of their strategy to offer engaging content in major regulated markets. The partnership with Microgame allows Bragg to reach a broad local audience quickly, enhancing their growth prospects in Europe.
Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG) has launched its proprietary and exclusive online games in Mexico through Caliente Interactive, a leader in the iGaming market. This expansion includes titles like Egyptian Magic and Fairy Dust from its Atomic Slot Lab studio. The interactive gambling market in Mexico is projected to achieve $814 million in gross win for 2023, with significant contributions from online casinos. CEO Yaniv Sherman stated that this partnership marks a pivotal move in Bragg's North American growth strategy, aiming to enhance its presence as a leading iGaming supplier in the region.
Bragg Gaming Group reported record financial performance for Q4 and the full year 2022, with Q4 revenue rising 50.3% to €23.7 million ($25.5 million) and a gross profit increase of 61.6% to €13.0 million ($14.0 million). The company achieved an Adjusted EBITDA of €3.6 million ($3.9 million), a 128.3% rise year-over-year. For FY 2022, revenue grew 45.3% to €84.7 million ($91.1 million), with Adjusted EBITDA increasing 64.0% to €12.1 million ($13.0 million). Bragg updated its 2023 guidance, expecting revenue between €93-97 million ($100.0-104.3 million) and Adjusted EBITDA of €14.5-16.5 million ($15.6-17.7 million), indicating strong operational momentum.
Bragg Gaming Group (NASDAQ: BRAG) has launched its proprietary content and Remote Game Server with Resorts Digital Gaming in New Jersey, expanding its presence in the North American iGaming market. The new content includes games such as Fairy Dust and Dreamy Genie from Bragg’s Atomic Slot Lab and exclusive titles from partner studios. H2 Gambling Capital forecasts the New Jersey interactive casino market will generate $1.8 billion in Gross Win in 2023. The rollout aims to enhance player engagement and attract new audiences, supporting Bragg's strategic growth in the competitive iGaming landscape.
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