Bragg Gaming Group Inc. Common Shares - BRAG STOCK NEWS

Bragg Gaming Group (NASDAQ: BRAG) has announced the appointment of Yaniv Sherman as the new Chief Executive Officer, effective July 1, 2022. Sherman, with over 20 years of experience in the gaming industry, previously served as Senior Vice President at 888 Holdings plc. His leadership is expected to enhance Bragg's strategic growth initiatives in the expanding U.S. online gaming market. Sherman's appointment concludes the Board's strategic review initiated in November 2021, and aims to drive long-term organic growth for the company.

Bragg Gaming Group Inc. (NASDAQ: BRAG, TSX: BRAG) announced the results of its annual and special meeting of shareholders held on June 9, 2022. All nominees proposed in the management information circular dated May 4, 2022, were elected as directors. Notably, each nominee received significant support, with Paul Godfrey garnering 86.97% of votes in favor. Additionally, the appointment of MNP LLP as auditors was approved with 99.83% of votes for. This meeting reflects strong shareholder backing for the company's leadership and operations.

Bragg Gaming Group has completed its acquisition of Spin Games LLC for approximately USD$30 million. This strategic move is expected to enhance Bragg's iGaming offerings in North America, leveraging Spin's established U.S. relationships and technology. The company plans to launch new proprietary games and exclusive titles in key states like Connecticut, Michigan, and New Jersey starting in Q3 2022. Bragg aims to capture a significant share of the growing U.S. iGaming market, supported by advanced engagement tools and an expanded content portfolio.

Bragg Gaming Group (NASDAQ: BRAG) has received final regulatory approval from the Pennsylvania Gaming Control Board to enter the state's iGaming market. This approval paves the way for Bragg to finalize its acquisition of Spin Games LLC, a tech and content provider in the gaming sector, expected to close this month. Spin Games holds licenses in several key U.S. states, enhancing Bragg's reach. The integration of their technologies is anticipated to offer a competitive edge in the rapidly growing iGaming sector.

Bragg Gaming Group (NASDAQ: BRAG) has announced an extension of its collaboration with International Game Technology (IGT) to develop four exclusive land-based slot titles. This agreement builds on their successful relationship, with previous titles including 'Wolf Run Gold' and 'Dreamy Genie.' The first new title, 'Greek/Lucky Lightning,' is set for release in Q2 2022. Wild Streak Gaming, a subsidiary of Bragg, has a growing portfolio in both online and land-based gaming markets across North America and Europe.

Bragg Gaming Group reported strong financial results for Q1 2022, with revenues of €19.4 million, a 36.4% increase from the previous year. Gross profit surged over 50% to €10.0 million, reflecting a gross profit margin of 51.8%, up 490bps year-over-year. Adjusted EBITDA also rose by 26.2% to €3.0 million. The company reiterated its 2022 guidance for revenue between €68-72 million and Adjusted EBITDA of €9.5-10.5 million, indicating a positive outlook driven by market expansion and proprietary game development. Cash reserves stand at €18.4 million.

Bragg Gaming Group (NASDAQ: BRAG), a global gaming technology provider, announced the appointment of Alex Spiro to its Audit Committee, while Rob Godfrey resigned from the position, effective May 1, 2022. Following this change, the Audit Committee now consists of Paul Pathak (Chair), Holly Gagnon, and Alex Spiro, all meeting the independence criteria set by Nasdaq. This restructuring follows a previous compliance notification from Nasdaq, related to an independent director requirement, which has now been addressed.

Bragg Gaming Group (NASDAQ: BRAG) will announce its first quarter 2022 financial results on May 11, 2022, prior to market opening. The results will be discussed in a conference call at 8:00 a.m. Eastern Time, featuring CFO Ronen Kannor and CSO Yaniv Spielberg. Participants can join via specific dial-in numbers, with a replay available until May 22, 2022. Bragg operates globally in the gaming technology sector, offering exclusive casino content through its subsidiaries, including ORYX Gaming and Wild Streak Gaming.

Bragg Gaming Group (NASDAQ: BRAG) has announced a strategic partnership with Betnation.nl to provide its Player Account Management (PAM) iGaming platform and exclusive content for a new online gambling site in the Netherlands. The launch is expected later this year, capitalizing on a growing market where the iGaming sector generated over US$200 million in revenue in Q4 2021. This partnership aligns with Bragg's expansion strategy in Europe and aims to enhance its market presence.