Bragg Gaming Signs Revenue Sharing Deal with Major Swiss Operator, Grand Casino Baden
Bragg Gaming Group has expanded its European presence by signing a licensing and revenue sharing agreement with Grand Casino Baden, Switzerland’s first licensed online casino operator. The agreement allows jackpots.ch to feature exclusive content from ORYX Gaming, including popular games such as Royal Seven and Ramses Book. This partnership is part of Bragg's strategy to grow its footprint in Switzerland and enhance player engagement. ORYX's SSL certification and licenses in multiple jurisdictions bolster its credibility in the regulated gaming market.
- Expansion into the Swiss online gaming market with Grand Casino Baden.
- Integration of ORYX content with jackpots.ch aims to increase player engagement.
- ORYX is licensed in multiple jurisdictions, enhancing market credibility.
- None.
Addition of second Swiss operator contributes to quickly expanding European footprint
TORONTO, March 30, 2021 (GLOBE NEWSWIRE) -- B2B gaming technology platform provider Bragg Gaming Group (TSX:BRAG, OTC: BRGGF) ("Bragg" or the "Company") announced today that the wholly-owned subsidiary ORYX Gaming has signed a licensing and revenue sharing agreement with Grand Casino Baden, Switzerland’s first licensed online casino operator and now one of the leading online gambling sites in Switzerland
The operator’s online casino brand, jackpots.ch, will provide content from ORYX’s exclusive RGS partner, GAMOMAT. Titles include top-performing Royal Seven, Ramses Book, Crystal Book and Take 5, all of which offer features and jackpots focused on increasing player engagement and retention.
The content provided by ORYX will be integrated into the Player Account Management Platform of Gamanza, the market leading online casino technology provider in the newly regulated Swiss market.
ORYX was awarded an ISO/IEC 27001 certificate in 2020, considered a regulation benchmark in Switzerland. 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 other major jurisdictions.
“Partnering with yet another Swiss operator is another step toward our goal of increasing our footprint in Switzerland throughout Europe,” said Matevž Mazij, Managing Director of ORYX Gaming. “The content we offer is the perfect fit for Swiss players, and our seamless integration makes it easy for online casino operators like Grand Casino Baden to add our games to their platform and increase their audience and player engagement, ultimately increasing revenue.”
“We have had a strong start to our online operations thanks to the wide, diverse and entertaining content we have to offer,” added Marcel Tobler, Chief Strategy Officer at Grand Casino Baden. “By partnering with ORYX our customers will gain access to the innovative and fun titles that will resonate well with slot fans. We’re excited about this revenue sharing agreement.”
About Bragg Gaming Group
Bragg Gaming Group (TSX:BRAG, OTC: BRGGF) is a global B2B gaming technology platform provider. With operations across Europe and North America, Bragg is expanding into an international force within the burgeoning global online gaming market. Bragg’s main brand is ORYX Gaming, an innovative business-to-business iGaming platform, casino content aggregator, managed sportsbook and managed services provider, offering cutting-edge content from leading studios.
For Bragg Gaming Group, contact:
Yaniv Spielberg, CSO, Bragg Gaming Group
info@bragg.games
For media enquiries or interviews, please contact:
Keera Hart, Kaiser & Partners Communications
keera.hart@kaiserpartners.com
905.580.1257
For investor enquiries, please contact:
David Gentry
dgentry@bragg.games
1-800-733-2447
407-491-4498
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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 the Company; the countercyclical growth of the business of the Company; the regulatory regime governing the business of the Company; the operations of the Company; the products and services of the Company; the Company's customers; acquisition opportunities; the growth of the Company'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 favourable terms; realization of growth estimates, income tax and regulatory matters; the ability of the Company 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.
Any forward-looking statement made by the Company in this news release or the earnings call is based only on information currently available to the Company and speaks only as of the date on which it is made. Except as required by applicable securities laws, the Company nor any of its management or directors undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
Non-IFRS Financial Measures
Statements in this news release make reference to "Adjusted EBITDA", which is a non-IFRS (as defined herein) financial measure that the Company believes is appropriate to provide meaningful comparison with, and to enhance an overall understanding of, the Company's past financial performance and prospects for the future. The Company believes that "Adjusted EBITDA" provides useful information to both management and investors by excluding specific expenses and items that management believe are not indicative of the Company's core operating results. "Adjusted EBITDA" is a financial measure that does not have a standardized meaning under International Financial Reporting Standards ("IFRS"). As there is no standardized method of calculating "Adjusted EBITDA", it may not be directly comparable with similarly titled measures used by other companies. The Company considers "Adjusted EBITDA" to be a relevant indicator for measuring trends in performance and its ability to generate funds to service its debt and to meet its future working capital and capital expenditure requirements. "Adjusted EBITDA" is not a generally accepted earnings measure and should not be considered in isolation or as an alternative to net income (loss), cash flows or other measures of performance prepared in accordance with IFRS.
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.
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