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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), 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.
Bragg Gaming Group (NASDAQ: BRAG) has announced a new agreement with 711.nl to provide its Player Account Management (PAM) iGaming platform and exclusive content in the Netherlands. This partnership is significant as it represents Bragg's third PAM platform agreement and fifth overall for online gaming content in this regulated market. The Dutch iGaming market generated over $200 million in Q4 2021, which highlights the potential for growth. The company expects more agreements in the near future as part of its strategic expansion across Europe.
Bragg Gaming Group (NASDAQ: BRAG) has successfully launched its gaming content in the UK through a partnership with Casumo, a major player in the online casino market. This marks ORYX Gaming's fourth launch in the UK within the last four months, reflecting its growing presence in the largest regulated iGaming market. The collaboration allows Casumo to offer a selection of exclusive games from ORYX’s portfolio, enhancing the gaming experience for local players. The partnership previously extended to Casumo's Spanish brand, demonstrating a strong relationship between the two companies.
Bragg Gaming Group (NASDAQ: BRAG) has launched its exclusive iGaming content portfolio in Portugal with notable operator Betclic. This marks Bragg's seventh regulated European country launch since April 2021. The partnership enhances Betclic’s offerings, catering to the growing online casino segment, which is projected to be around USD 307 million in 2022. The Chief Commercial Officer of Bragg mentioned the potential for success in the Portuguese market, where online slot play is significant.
Bragg Gaming Group (NASDAQ: BRAG) has launched its content distribution agreement with 888casino as the regulated iGaming market in Ontario opens. This agreement allows Bragg to offer games from its exclusive portfolio, including the game Egyptian Magic, to 888casino's platform. Since receiving its supplier license from the Alcohol and Gaming Commission of Ontario in March 2022, Bragg has ensured compliance and is poised to support multiple operators entering this growing market, which is expected to exceed US$2 billion by 2022.
Bragg Gaming Group has secured content distribution agreements with multiple iGaming operators following its supplier license from the Alcohol and Gaming Commission of Ontario (AGCO). The agreements encompass exclusive iGaming content as the Ontario market opens on April 4, 2022. With expectations of Ontario becoming a major iGaming market, Bragg aims to leverage its industry-leading technology to capitalize on this opportunity. The combined iCasino and sports betting market in Canada is estimated at over $2 billion in 2022, heightening the potential for growth in this sector.
Bragg Gaming Group's ORYX Gaming has launched its exclusive iGaming content in the Bahamas with the country's largest operator, Island Luck. This launch follows regulatory approval, allowing ORYX to offer its products in the Caribbean. The partnership enables Island Luck's customers access to ORYX’s diverse game portfolio, which is expected to grow with additional agreements in the region. Bragg aims to expand into markets similar to the U.S. and Canada, having received licenses in Ontario and pursuing further applications in New Jersey, Pennsylvania, and Michigan.
Bragg Gaming Group (NASDAQ: BRAG) has announced a partnership with Microgame to distribute its gaming content in Italy, Europe's second-largest regulated online market. This agreement will initially feature titles from Bragg's Atomic Slot Lab, including 'Egyptian Magic' and popular games like 'Respins of Amun-Re.' Italy's online casino revenue is expected to reach US$2.3 billion in 2022. Bragg's expansion follows successful launches in the UK, Netherlands, Greece, Czech Republic, Germany, and Switzerland, enhancing its presence in established regulated markets.
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