Bragg Gaming Group
FBMDS and Bragg’s Oryx Gaming join forces to expand presence in multiple markets
FBMDS and Oryx Gaming, a Bragg Gaming Group company, has signed a global partnership to expand its presence in strategic markets. This mutually beneficial agreement will see FBMDS add its content portfolio to Oryx’s aggregation platform – Oryx Hub – and be made available to a vast and global operators’ network.
The deal will see the two parties leverage individual strengths and build a mutual strategy to bring significant growth, focused on expanding the footprint across numerous regulated markets, including the LATAM region.
FBMDS will supply its premium portfolio of innovative online content as well as the know-how and credibility from its long experience in the land-based sector. The games will be made available via Oryx’s advanced content aggregator platform with significant operator reach.
Pedro Filgueira, Business Developer at FBM Digital Systems, said: “This agreement with Oryx Gaming is a natural connection between two players that pursue significant growth by bringing customized and innovative products and solutions to the iGaming space. We are sure that our portfolio of games can add value to the Oryx network of operators, and we are happy with the access that this partnership provides us. The recently established full collaboration with Oryx has already allowed us to close several deals with important operators.”
Ivica Jovanovski, Head of Aggregation at ORYX Gaming, said: “FBMDS brings local know-how and reliability from its long experience in the land-based sector in Latin America and as such, its games portfolio offers a wide range of proven content. The innovative features of FBMDS’ slots, the premium, multi-card video bingo games that enjoy particular success in the LATAM region and the fast-paced customized table games in its portfolio will see us significantly boost the diversity of our offering with engaging and entertaining content.”
The deal with Oryx Gaming signals a new chapter of growth for FBMDS which started offering online content in 2021, providing a diverse portfolio of online casino games. A wide range of innovative slots games, premium video bingo games, and classic table games are now available to a wide demographic of players across different countries.
Oryx Gaming is a leading full turnkey provider of an omnichannel player account management (PAM) platform, proprietary, exclusive and aggregated content, and managed operational and marketing services. A well renowned and established supplier, Oryx Gaming has always delivered exceptional gaming and entertainment experiences for players offering thousands of game titles by 60+ top game providers via its ORYX Hub aggregation platform as well as other iGaming products.
Bragg
Bragg Announces US$7 Million Secured Note Financing
Bragg Gaming Group Inc., a global B2B gaming technology and content provider, announced the issuance of a secured promissory note in the principal amount of US$7 million (the “Note”) to certain entities controlled by Doug Fallon, Managing Director of Group Content of the Company and the Founder of Nevada-based Wild Streak Gaming. The Note matures on April 25, 2025 and bears interest at an annual rate of 14%, payable quarterly.
“This financing provides the Company’s balance sheet with additional flexibility as we continue to review strategic alternatives for maximizing shareholder value and execute against our strategy,” said Matevž Mazij, Chief Executive Officer. “We would also like to thank The Lind Partners for their cooperation in providing a waiver consenting to the Note funding”.
“After reporting another consecutive full year of strong revenue, gross profit and Adjusted EBITDA growth in 2023, we are exceptionally well placed to capitalize on our in-demand content, product and technology verticals in major iGaming markets in North America, Europe and LatAm. From our market-leading player account management (“PAM”) platform and turnkey solutions to our unique casino content aggregation offering with Fuze promotional functionality and player journey management, as well as our ever-growing exclusive content portfolio, our product strategies are refined for each market we operate in.”
The Toronto Stock Exchange (the “TSX”) has conditionally approved the issuance of the Note. The Company may use the net proceeds from the Note for general working capital purposes and strategic initiatives.
Bragg Gaming
Bragg Gaming and Light & Wonder Agree to an International Distribution Deal
Collaboration will see Bragg content featured on Light & Wonder’s ecosystem
Bragg Gaming Group Inc., a global B2B gaming technology and content provider, announced it has signed an international online casino content distribution agreement with Light & Wonder.
The agreement will see high-performing games from Bragg’s proprietary studios, Atomic Slot Lab, Indigo Magic, Wild Streak Gaming and Spin Games added to Light & Wonder’s online ecosystem.
Exclusive content from the supplier’s Powered by Bragg partners will also be integrated, providing Light & Wonder with a wide selection of highly localized and unique titles.
The deal will encompass numerous European regulated markets as well as the USA and Canada, significantly growing the reach of Bragg’s content to new audiences and strengthening the supplier’s casino offering with new titles.
Matevž Mazij, Chief Executive Officer at Bragg Gaming Group, commented: “Light & Wonder is a world-leading platform and games provider, and this distribution deal will be hugely beneficial for us, as our content will be in front of new audiences through its large operator network boosting exposure of our games.
“We have focused on strengthening our content portfolio over the last year and this partnership is a testament to the popularity and appeal of our games which have been proven successful in markets globally.”
Steve Mayes, Senior Director Digital Partnerships at Light & Wonder, said: “We are thrilled to be working closely with Bragg, and are looking forward to offering their content across our network. This deal is a great showcase for the power of our aggregation platform and global scale. We already have a number of key operators lined up to launch Bragg games and excited to further expand our portfolio of games partners.”
Bragg Gaming Group
Bragg Gaming Announces Resignation of Chief Financial Officer
Bragg Gaming Group Inc., a global B2B gaming technology and content provider, announced that Chief Financial Officer (CFO), Ronen Kannor, has notified Bragg’s board of directors (Board) that he will resign from his position to pursue other career opportunities, effective June 3, 2024. The Company confirms that the search for a replacement CFO has commenced.
Matevž Mazij, Chief Executive Officer and Chair of the Board, commented: “We thank Ronen for his dedication and commitment to Bragg over the past four years and for his unwavering service as a pivotal member of the leadership team.
“During his tenure as CFO, the Company has undergone huge positive transformation including being uplisted to the Toronto Stock Exchange, dual listed on the NASDAQ and successfully completing two acquisitions, all while reporting consecutive years of revenue, gross profit and adjusted EBITDA growth. We wish Ronen all the very best in his future endeavors.”
Ronen Kannor commented: “It has been an honor to be part of the Bragg team which has successfully navigated many challenges and continued to deliver consistent growth over the past four years. I thank the Board for their support throughout my time with Bragg, and I am now fully focused on ensuring a smooth handover to my successor.
“Special thanks goes to my finance team, who work tirelessly to deliver the positive change and financial growth that the Company continues to achieve. I wish them and all of my colleagues continued success with Bragg now and in the future.”
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