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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 secured exclusive global distribution rights for select titles from Sega Sammy Creation Inc. This partnership reinforces Bragg's content-driven strategy, enhancing its portfolio with recognized slot games aimed at iGaming operators in the USA, UK, and other markets. The collaboration anticipates launching the first SSC title in the U.S. and UK next year, capitalizing on the growing North American online gaming market. Bragg aims to leverage SSC's established brand to expand its reach and resonate with players.
Bragg Gaming Group (NASDAQ: BRAG) has partnered with Bally’s Interactive to enhance its iGaming content offerings. This collaboration will see the launch of Bragg’s proprietary games from studios like Atomic Slot Lab and Indigo Magic across Bally's online brands, including Virgin Casino and JackpotJoy. Additionally, Bragg will distribute exclusive titles through its Remote Game Server from select Bally’s third-party partners. This strategic alliance aims to expand Bragg’s presence in key markets like the UK and U.S., enhancing player engagement with diverse gaming options.
Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG) has successfully closed an US$8.7 million funding round through a convertible security funding agreement with Lind Global Fund II LP. The agreement includes a Convertible Security with a face value of US$10.0 million and 979,048 warrants exercisable at C$9.28 over 60 months. The Toronto Stock Exchange has conditionally approved the listing of shares underlying the Convertible Security and Warrants, dependent on compliance with TSX requirements by October 13, 2022.
Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG) has secured a funding agreement with Lind Global Fund II LP for an investment of
Bragg Gaming Group (NASDAQ: BRAG) reported record financial results for Q2 2022, with revenue reaching €20.8 million, up 34.2% year-over-year. Gross profit surged 65.5% to €11.6 million, marking a gross profit margin of 55.9%. Adjusted EBITDA increased by 62.9% to €3.1 million. The company raised its full-year guidance for revenue to a range of €76-80 million and Adjusted EBITDA to €10-11 million, indicating strong operational momentum. Bragg's customer base and proprietary game launches are expanding, driving consistent revenue growth in North America and Europe.
Bragg Gaming Group will announce its second quarter 2022 financial results on August 9, 2022, before market opening. A conference call will follow at 8:30 a.m. ET, featuring CEO Yaniv Sherman and CFO Ronen Kannor, providing insights on the results and business updates. Participants can access the call through various dial-in methods, while a replay will be available until August 16, 2022. Bragg Gaming Group, a leading B2B gaming technology provider, operates internationally, delivering innovative iGaming solutions and casino content.
Bragg Gaming Group (NASDAQ: BRAG) has appointed Mark Clayton to its Board of Directors, enhancing its legal and compliance expertise in the gaming sector. Clayton, a renowned gaming attorney with 32 years of experience, previously chaired Greenberg Traurig’s Global Gaming Practice and served on the Nevada Gaming Control Board. He replaces Cristina Romero, who resigned to focus on other business commitments. Paul Godfrey, the Chairman, expressed confidence in Clayton's ability to assist in Bragg's global B2B iGaming expansion initiatives.
Bragg Gaming Group (NASDAQ: BRAG) has launched its online gaming content with Rush Street Interactive (NYSE: RSI) in Ontario, marking a significant milestone in their partnership. This deployment includes five exclusive games, such as the popular Egyptian Magic, utilizing Bragg's Remote Games Server technology. The move is part of Bragg's strategy to enhance its presence in North America's expanding iGaming market, anticipated to become one of the largest in the region. Further game releases are planned as the partnership evolves.
Bragg Gaming Group (NASDAQ: BRAG) has launched its Remote Game Server (RGS) in Connecticut, marking its entry into the fourth U.S. state for iGaming. Working with DraftKings and the Mashantucket-Pequot Tribe, Bragg's RGS offers an initial library of 11 game titles, including top performers like Ripley's Big Wheel and 21 + 3® Progressive Blackjack. The company anticipates further rollouts of exclusive games in additional states as regulations permit. H2 Gambling predicts regulated casino games in Connecticut will generate $215 million in 2022, growing to $320 million by 2026.
Bragg Gaming Group (NASDAQ: BRAG) has extended its agreement with Kalamba Games to distribute select high-performing slot games across regulated markets in the U.S. and Ontario, Canada. This strategic partnership, originally established in 2017, aims to enhance both companies’ growth in the expanding iGaming sector. Popular titles like Firedrake's Fortune and Gates of Babylon will be among the first available to U.S. players, leveraging the regulatory growth of the U.S. iGaming market as a crucial opportunity for expansion.
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