Bragg Gaming’s ORYX Becomes MerkurXtip’s Exclusive Aggregator Partner in Serbia

Rhea-AI Summary

Bragg Gaming Group has announced an expansion into Serbia through its subsidiary ORYX Gaming, which has become the exclusive content aggregation partner for MerkurXtip. This partnership enhances MerkurXtip's online casino offerings with access to ORYX Hub, featuring over 10,000 games from 100+ suppliers. The Serbian online gambling market is rapidly growing, with GGR rising from €16m in 2016 to €96m in 2019, reflecting an 82% CAGR. ORYX is licensed in multiple jurisdictions and recently achieved ISO/IEC 27001 certification for information security.

Positive

• Expansion of presence in the growing Serbian market.
• Partnership with MerkurXtip enhances product offering significantly.
• Access to a vast library of over 10,000 games from multiple suppliers.
• ORYX’s Data Platform improves marketing and player retention capabilities.

Negative

• None.

Agreement to further bolster the B2B gaming technology provider’s Serbian presence and extend the reach of their premium products

TORONTO, Feb. 04, 2021 (GLOBE NEWSWIRE) -- Bragg Gaming Group (TSX:BRAG, OTC: BRGGF) ("Bragg" or the "Company") is pleased to announce that it has expanded its footprint in Serbia. Bragg’s wholly owned subsidiary ORYX Gaming has become the exclusive content aggregation partner to MerkurXtip. 

Through the partnership, MerkurXtip has significantly enhanced its online casino offering and following a successful integration, the Gauselmann-owned operator now has access to ORYX Hub, which includes more than 10,000 games from more than 100 renowned suppliers, as well as content from ORYX’s exclusive RGS partners GAMOMAT, Kalamba Games, Givme Games, Golden Hero, CandleBets, Peter & Sons and Arcadem. MerkurXtip is utilizing ORYX Hub to launch games from all of ORYX’s RGS partners and a variety of third-party content from suppliers, including Evolution, Pragmatic Play, Greentube, Blueprint and Microgaming. 

The operator will also use ORYX’s Data Platform to analyze product performance, perform targeted marketing campaigns and offer player engagement tools, such as free rounds, leaderboards, tournaments and achievements, which have proven to significantly increase player retention and player values. 

“Taking our products live with yet another operator partner in Serbia is a great testament to the success and popularity of our content in the country,” said Matevž Mazij, Managing Director of ORYX Gaming. “We are going from strength to strength in the market and through this deal with MerkurXtip we will further bolster our existence in Serbia and extend the reach of our premium products.”

“By partnering with ORYX we are now able to offer our customers a substantial library of top-notch gaming content via a single integration,” said Nenad Aleksic, Head of IT at MerkurXtip. “ORYX’s gaming content has gained a strong following in Serbia and beyond and we are thrilled to have added it to our online casino and enhance our offering.”

The regulated online gambling market in Serbia has been growing at a rapid pace, with online GGR increasing from €16m in 2016 to €96m in 2019, demonstrating a compound average growth rate of 82 per cent. ORYX’s content has been proven very popular with Serbian players following its partnerships with Balkan Bet, Olimp, Meridian Bet, Maxbet, Top Bet, Admiral Bet and Mozzart Bet.  

ORYX is licensed by the Malta Gaming Authority (MGA) and the Romanian National Gambling Office (ONJN) and its content is certified or approved in 18 major jurisdictions. The supplier was also recently awarded an ISO/IEC 27001 certificate, underlying its commitment to information security.

About Bragg Gaming Group
Bragg Gaming Group (TSX:BRAG, OTC: BRGGF) is a next generation gaming group with cutting-edge technology, leading brands and world-class management expertise, developing into a global gaming force. Formed by a team of gaming industry experts, Bragg's main portfolio asset is ORYX Gaming, an innovative business-to-business i-gaming platform, product aggregator, casino content, managed sportsbook and managed services provider.

Through this brand and targeted acquisitions, Bragg is focused on becoming a leader within the evolving global gaming industry. Learn more at https://www.bragg.games.

For Bragg Gaming Group, contact:
Yaniv Spielberg, CSO, Bragg Gaming Group
info@bragg.games

For media enquiries or interviews, please contact:
Kelly Morgan
kelly.morgan@kaiserpartners.com

For investor inquiries, please contact:
Tim Dawson, Bragg Gaming Group
tim@bragg.games

Cautionary Statement Regarding Forward-Looking Information

This news release may contain forward-looking statements or "forward-looking information" within the meaning of applicable Canadian securities laws ("forward-looking statements"). Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.

All forward-looking statements reflect the Company's beliefs and assumptions based on information available at the time the statements were made. Actual results or events may differ from those predicted in these forward-looking statements. All of the Company's forward-looking statements are qualified by the assumptions that are stated or inherent in such forward-looking statements, including the assumptions listed below. Although the Company believes that these assumptions are reasonable, this list is not exhaustive of factors that may affect any of the forward-looking statements. The key assumptions that have been made in connection with the forward-looking statements include the following: the impact of COVID-19 on the business of Bragg; the countercyclical growth of the business of Bragg; the regulatory regime governing the business of Bragg; the operations of the Company; the products and services of the Company; Bragg's customers; acquisition opportunities; the growth of Bragg's business, which may not be achieved or realized within the time frames stated or at all; and the anticipated size and/or revenue associated with the gaming market globally.

Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the following: risks associated with general economic conditions; adverse industry events; future legislative and regulatory developments; the inability to access sufficient capital from internal and external sources; the inability to access sufficient capital on favorable terms; realization of growth estimates, income tax and regulatory matters; the ability of Bragg to implement its business strategies; competition; economic and financial conditions, including volatility in interest and exchange rates, commodity and equity prices; the estimated size of the gaming market globally; changes in customer demand; disruptions to our technology network including computer systems and software; natural events such as severe weather, fires, floods and earthquakes; and risks related to health pandemics and the outbreak of communicable diseases, such as the current outbreak of COVID-19.

Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events, or otherwise, except in accordance with applicable securities laws.

Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this news release. 

FAQ

What is Bragg Gaming Group's latest announcement regarding its operations in Serbia?

Bragg Gaming Group announced the expansion of its operations in Serbia through a partnership between its subsidiary ORYX Gaming and MerkurXtip.

How many games does ORYX Hub offer to MerkurXtip?

ORYX Hub offers access to over 10,000 games from more than 100 renowned suppliers.

What is the growth rate of the online gambling market in Serbia?

The online gambling market in Serbia has seen a GGR increase from €16m in 2016 to €96m in 2019, which represents a compound average growth rate of 82%.

What certification has ORYX Gaming recently achieved?

ORYX Gaming has recently been awarded the ISO/IEC 27001 certification, emphasizing its commitment to information security.

What opportunities does the partnership with MerkurXtip create for ORYX Gaming?

The partnership allows ORYX Gaming to enhance its market presence and extend the reach of its premium products in Serbia.