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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 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.
Bragg Gaming Group (NASDAQ: BRAG) announced its participation in the 35th Annual ROTH Conference on March 13-14, 2023 at The Ritz-Carlton in Dana Point, CA. CEO Yaniv Sherman and Chief Strategy Officer Yaniv Spielberg will meet with institutional investors. Additionally, Spielberg will join a panel discussion on the U.S. iGaming Outlook from a B2B Perspective on March 13 at 11:30 a.m. PT. Investors can access Bragg's current presentation online. With operations in regulated markets worldwide, Bragg is a leading technology provider for online and land-based gaming operators.
Bragg Gaming Group (NASDAQ: BRAG) announced the release of its fourth quarter and full year 2022 financial results on
Bragg Gaming Group (NASDAQ: BRAG) has expanded its partnership with Caesars Sportsbook & Casino by launching new proprietary content and Remote Game Server (RGS) technology in New Jersey.
This launch enhances Bragg's presence in the U.S. iGaming market, complementing its previous offerings in both New Jersey and Michigan through its Spin Games RGS.
With estimates from H2 Gambling Capital projecting a gross win of $1.8 billion in New Jersey's interactive casino market for 2023, this rollout is timely for Bragg's growth strategy in North America.
Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG) announces its entry into the Belgian market with its gaming content now live on Napoleon Sports and Casino. This launch follows a licence acquisition last year, aligning Bragg with the largest operator in Belgium's online casino sector. The Belgian online casino market was valued at US$395 million in 2022, presenting significant growth opportunities for Bragg. The partnership with Napoleon is a strategic move in Bragg's expansion strategy, emphasizing their commitment to delivering high-quality gaming experiences.
Bragg Gaming Group (NASDAQ: BRAG) has launched its proprietary content and technology with DraftKings (NASDAQ: DKNG) in New Jersey, expanding its North American presence. The new offerings include titles like Egyptian Magic and Fairy Dust from Bragg's Atomic Slot Lab studio. This rollout follows a successful launch in Michigan and continues the collaboration between Bragg and DraftKings. H2 Gambling Capital forecasts the NJ interactive casino market to generate $1.8 billion in Gross Win for 2023. Bragg aims to enhance player engagement through its Remote Game Server technology, marking a significant milestone in its growth strategy.
Bragg Gaming Group (NASDAQ: BRAG) has launched its new content and technology with BetMGM in Michigan, expanding its North American presence. The new offerings include proprietary titles like Egyptian Magic from the Atomic Slot Lab and exclusive games from partner studios. The Michigan online casino market is projected to generate over $1.5 billion in gross win in 2022, with BetMGM holding a 38% market share. This rollout enhances Bragg's long-standing collaboration with BetMGM, aiming for consistent long-term growth in the iGaming sector.
Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG) announced that CEO Yaniv Sherman and Chief Strategy Officer Yaniv Spielberg will meet institutional investors at The Benchmark Company’s 11th Annual Discovery 1x1 Investor Conference on December 1, 2022, in New York City. This event will provide investors with insights into Bragg’s innovative gaming technology and exclusive content offerings. Interested parties can access the investor presentation via Bragg’s official website.
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