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Bragg Gaming Group (OTC:BRGGD) has launched its ORYX Hub content with Admiral Bet in Serbia, enhancing the operator’s game library. Following successful integration, Admiral Bet now offers access to over 13,000 titles from more than 100 providers, including exclusive content from ORYX RGS partners. The ORYX Hub also features player engagement tools to boost user interaction. This partnership showcases Bragg's growth in the Serbian market, where its content remains popular since 2017. The collaboration with Admiral Bet is expected to strengthen Bragg’s presence in the region.
Bragg Gaming Group has acquired Wild Streak Gaming for approximately USD 30 million, enhancing its content portfolio with 39 premium casino slot titles. The deal includes USD 10 million in cash and USD 20 million in common shares over three years. This acquisition follows Bragg's strategy to strengthen its presence in the US iGaming market, providing access to valuable game designs and advanced mechanics. Wild Streak reported USD 1.05 million revenue and USD 233,000 EBITDA in FY2020, indicating its viability and growth potential in the evolving online gaming landscape.
Bragg Gaming Group (OTC:BRGGD) reported strong Q1 2021 financial results, with revenues up 62% year-over-year to €14.2M. Adjusted EBITDA surged 234% to €2.3M, marking an increase in margin to 16%. The unique player base grew by 54%, reaching 2.4M, and wagering revenue rose 52% to €3.5B. Despite a net loss of €1.1M, the company highlights operational growth and the launch of nine new operators. Bragg plans to acquire Spin Games and aims for continued expansion in the iGaming sector, maintaining revenue guidance of €47M for 2021.
Bragg Gaming Group has announced the addition of two new directors to its board, effective May 11, 2021: Holly Gagnon and Alex Spiro. Gagnon, with over 29 years in the gaming industry, serves as Co-CEO at Artemis Strategic Investment Corporation and has a strong background in North American gaming. Spiro, a noted litigator and investor, will leverage his analytical skills to enhance the board. The appointments come at a pivotal time for Bragg, especially following its acquisition of U.S.-based Spin Games, aimed at expanding its footprint in the growing North American market.
Bragg Gaming Group (OTC:BRGGD) has agreed to acquire Spin Games LLC in a cash and stock deal worth approximately USD30 million. This acquisition includes USD10 million in cash and USD20 million in Bragg common shares, with part issued upon closing. The deal aims to expand Bragg's presence in the US gaming market, leveraging Spin's regulatory expertise and operator relationships with major players like BetMGM and Caesars. The transaction is set to close pending regulatory approvals and satisfies Bragg's strategy to diversify revenue streams and accelerate growth in North America.
