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Bragg Gaming Group announces that its common shares have received approval for listing on the Nasdaq Global Select Market under the ticker symbol BRAG, commencing
Bragg Gaming Group (OTC: BRGGF) has expanded its operations in Greece by launching ORYX Gaming content on Novibet, following the acquisition of a supplier license. This integration allows Novibet customers access to a diverse range of ORYX's premium games. The partnership marks a significant foothold in Greece, and Bragg anticipates further expansion into the UK and Italian markets, with plans for obtaining necessary licenses. Both companies express optimism about the partnership, highlighting enhanced gaming offerings for players.
Bragg Gaming Group (OTC: BRGGF) reported strong Q2 2021 results with revenue increasing by 27.6% to €15.5 million, driven by the acquisition of Wild Streak. Adjusted EBITDA grew 8.5% to €1.9 million. The company is transitioning to in-house developed content, forecasting 2022 revenue of €54 million to €56 million. Key metrics included a 15.9% rise in wagering revenue and a 21% increase in unique players. However, net loss widened to €2.3 million due to increased costs. Bragg's expansion into North America continues with the pending acquisition of Spin Games.
Bragg Gaming Group (OTC: BRGGF) announced the extension of a game development agreement between its wholly-owned subsidiary Wild Streak Gaming and International Game Technology (IGT). This partnership allows Wild Streak to develop four new land-based games, building on their successful cooperation that has already produced 10 popular titles including Wolf Run Gold. The collaboration aims to create engaging content for customers, indicating a strong ongoing relationship in the gaming market.
Bragg Gaming Group (TSX:BRAG, OTC:BRGGF) will release its Q2 2021 financial results on August 11, 2021, before market opening. This will be followed by a conference call at 8:30 a.m. ET featuring CEO Richard Carter, CFO Ronen Kannor, and CSO Yaniv Spielberg. They will discuss the financial results and provide a business update, including a presentation accessible online. A replay of the call will be available for seven days post-event.
Bragg is a global B2B gaming technology provider, expanding its international presence in the iGaming market.
Bragg Gaming Group (OTC: BRGGF) reported preliminary Q2 2021 revenue estimates of approximately €15.0 million (USD $17.7 million), marking a year-over-year increase of 23.5%. This contributes to expected H1 2021 revenues of €29.2 million (USD $34.5 million). The company remains on track with a revenue target of €47 million (USD $55.5 million) for 2021. Key acquisitions of Wild Streak Gaming and Spin Games are advancing, with a direct listing application on NASDAQ anticipated by Q3 2021.
Bragg Gaming Group (OTC: BRGGF) has appointed Chris Looney as Chief Commercial Officer. Looney, an industry veteran with experience from Microgaming and Red Tiger Gaming, will collaborate with CEO Richard Carter to drive Bragg's strategic growth into new regulated markets, particularly in the U.S. This appointment follows Bragg's recent acquisition of Spin Games and Wild Streak Gaming, enhancing its iGaming technology and content portfolio. CEO Carter believes Looney's expertise will facilitate expansion into key markets such as the U.S., U.K., Italy, Canada, and the Netherlands.
Bragg Gaming Group (OTC: BRGGF) has announced its First Quarter 2021 earnings and business update call set for May 13, 2021, at 8:30 AM ET. CEO Richard Carter, CFO Ronen Kannor, and Chief Strategy Officer Yaniv Spielberg will present. The company has expanded operations across Europe and North America, with its main brand, ORYX Gaming, offering various gaming services and content. Bragg is certified in multiple jurisdictions and has recently achieved ISO/IEC 27001 certification for information security.
Bragg Gaming Group has appointed Richard Carter as its new CEO effective May 1, 2021. This change follows an aggressive global expansion strategy targeting the North American iGaming market. Carter, former CEO of SBTech, brings extensive industry experience, which is expected to enhance Bragg’s growth. In related changes, Paul Godfrey becomes Chair of the Board, and Lara Falzon assumes the Audit Committee Chair role. Additionally, strategic advisor Adam Arviv steps down from the Board, while Jim Ryan does not seek re-election, both leaving behind a legacy during Bragg's crucial growth phase.
Bragg Gaming Group (OTC: BRGGF) has announced a consolidation of its Common Shares in a 1-for-10 reverse stock split to facilitate its potential listing on Nasdaq, approved by shareholders on April 28, 2021. This move aims to improve trading flexibility, liquidity, and visibility to investors. Post-Consolidation trading is set to begin on May 5, 2021, on the Toronto Stock Exchange. Shareholders will receive details on how to exchange their share certificates. However, the Nasdaq listing is contingent on meeting specific listing standards, with no guarantee of completion.
