Bragg Gaming Group
Bragg Gaming Live in Connecticut with Launch of Spin Games RGS Featuring Popular iGaming Content
Connecticut debut with DraftKings and Mashantucket-Pequot Tribe marks iGaming supplier’s entry into fourth U.S. state
Bragg Gaming Group announced that its wholly-owned B2B gaming technology and content provider, Spin Games, is now live in Connecticut with its Remote Game Server (“RGS”). The Spin Games RGS and an initial library of 11 titles are available to players in the state via the DraftKings and Mashantucket-Pequot Tribe iGaming sites. Among the first top-performing titles featured on the Spin Games RGS are licensed content such as Ripley’s Big Wheel and Galaxy Gaming’s extremely popular 21 + 3® Progressive Blackjack. Also in the line-up are Bragg internal studio titles such as Triple Jewels, Get Hot and Gypsy Riches.
With its debut in Connecticut, Bragg is now live with the Spin Games’ RGS and its casino content in four U.S. states, including New Jersey, Pennsylvania and Michigan. Bragg expects to roll out further exclusive games, including from its proprietary Atomic Slot Lab studio as well from third parties, in multiple regulated U.S. states this year.
H2 Gambling estimates that regulated interactive casino games will generate US$215 million in Connecticut in 2022, with that estimate increasing to US$320 million in 2026.
Yaniv Sherman, Bragg’s Chief Executive Officer, said: “We are delighted to enter a new, regulated iGaming market in the U.S. so quickly following our acquisition of Spin Games. Spin Games is already well-established in the North American market and provides Bragg with a unique platform which we plan to leverage to further expand with our brands in the region.
“Following our entry into the Ontario iGaming market three months ago, our entry into Connecticut is another important proof point of our North American growth strategy, which will continue to accelerate as we debut our offerings in additional states as they enact regulations. With our RGS capabilities and growing portfolio of proprietary and exclusive third-party premium content, including our popular Wild Streak Gaming studio, Bragg is favourably positioned to become a leading iGaming supplier in North America.”
Connecticut regulated online gambling in 2021, with two tribes – the Mohegan tribe and Mashantucket Pequot Tribe – permitted to offer online casino gaming off reservation. These two tribes have since partnered with a number of operators who now provide content to players across the state.
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.”
-
gaming2 years ago
ODIN by 4Players: Immersive, state-of-the-art in-game audio launches into the next generation of gaming
-
EEG iGaming Directory7 years ago
iSoftBet continues to grow with new release Forest Mania
-
News6 years ago
Softbroke collaborates with Asia Live Tech for the expansion of the service line in the igaming market
-
News5 years ago
Super Bowl LIII: NFL Fans Can Bet on the #1 Sportsbook Review Site Betting-Super-Bowl.com, Providing Free Unbiased and Trusted News, Picks and Predictions
-
iGaming Industry6 years ago
Rick Meitzler appointed to the Indian Gaming Magazine Advisory Board for 2018
-
News5 years ago
REVEALED: Top eSports players set to earn $3.2 million in 2019
-
iGaming Industry6 years ago
French Senator raises Loot Boxes to France’s Gambling Regulator
-
News6 years ago
Exclusive Interview with Miklos Handa (Founder of the email marketing solutions, “MailMike.net”), speaker at Vienna International Gaming Expo 2018