Connect with us
European Gaming Congress 2024
bragg-gaming-appoints-robbie-bressler-as-interim-cfo bragg-gaming-appoints-robbie-bressler-as-interim-cfo

Bragg Gaming Group

Bragg Gaming Appoints Robbie Bressler as Interim CFO

Published

on

 

Bragg Gaming Group announced the appointment of Robbie Bressler as interim Chief Financial Officer, effective July 1, 2024.

Bressler brings a wealth of experience to the role, previously holding senior finance positions, including SVP Finance, at Bally’s Corporation, Gamesys Group plc, and The Intertain Group Ltd. He is currently serving as CFO of ForumPay Ltd., a crypto payment processing company. He began his career at Ernst & Young, where he spent over a decade in their financial services assurance group.

“We are delighted to welcome Robbie to the Bragg team as interim CFO. His deep expertise in finance and accounting, coupled with his extensive experience in the gaming industry, make him the ideal person to lead our finance function,” Matevž Mazij, Chief Executive Officer and Chair of the Board, said.

“I am excited to join Bragg at this pivotal time in the Company’s growth trajectory. Bragg has established itself as a leader in the global gaming technology and content space, and I look forward to working with the talented team to continue driving the Company’s financial performance, and further unlocking shareholder value,” Bressler said.

Advertisement
Stake.com

BetMGM

Bragg Gaming Expands in Pennsylvania with BetMGM

Published

on

bragg-gaming-expands-in-pennsylvania-with-betmgm

 

Bragg Gaming Group has announced the launch of its newest games and Remote Game Server (RGS) technology with BetMGM in Pennsylvania.

This marks the third state in which Bragg content is live with BetMGM, following earlier launches including in Michigan in 2022 and New Jersey in 2023 respectively. BetMGM players in Pennsylvania can now enjoy popular titles such as “Egyptian Magic” and “Fairy Dust” from Bragg’s Atomic Slot Lab proprietary content studio with further titles set to follow.

Players will soon gain access to content from Bragg’s Las Vegas-based proprietary content studio Wild Streak Gaming, as well as titles from multiple exclusive content partners under the Powered By Bragg program including King Show Games and Sega Sammy Creation.

This expansion underscores Bragg’s commitment to delivering innovative and engaging content to players across North America. All online casino games delivered on Bragg’s new RGS technology come with the Company’s Fuze promotional tools, which offer player engagement features on games such as free rounds, tournaments, and quests.

Advertisement
Stake.com

H2 Gambling Capital projects Gross Win of over $2.5 billion for the regulated online casino market in Pennsylvania in 2024, illustrating the tremendous growth potential in the region.

Garrick Morris, Senior Vice President, Commercial for the US and Canada, at Bragg Gaming Group commented: “We’re delighted to strengthen our existing collaboration with BetMGM to a third U.S. state, as part of our ongoing drive to provide the highest quality content to players in the U.S. iGaming market.

In developing high-quality engaging content, we want to contribute to the long-term success of our partners, and importantly provide a gaming experience which is exceptional for players.”

Oliver Bartlett, Vice President, Gaming, Product & Casino at BetMGM commented: “Bragg has been a great partner for BetMGM in Michigan and New Jersey, and it’s exciting to now be able to expand that relationship to Pennsylvania.

We’re confident that players in Pennsylvania will embrace this new online casino content which has proven to be popular in other regulated markets, with players already familiar with these titles from the land-based sector.”

Advertisement
Stake.com
Continue Reading

Bragg Gaming Group

Kunal Mishra Joins ODDSworks as Chief Operating Officer/Chief Strategy Officer

Published

on

kunal-mishra-joins-oddsworks-as-chief-operating-officer/chief-strategy-officer

 

ODDSworks, a North American iGaming technology and content provider, announced that Kunal Mishra has been appointed as Chief Strategy Officer and Chief Operating Officer, enhancing its leadership team.

Prior to joining ODDSworks, he was Chief Operating Officer – Americas, for Bragg Gaming Group where he was instrumental in expanding the company’s day-to-day business operations throughout America.

Mr. Mishra came to Bragg via their acquisition of Spin Games LLC where he held the position of President and Chief Financial Officer. Spin Games was a pioneer in the North American iGaming space and he managed the company’s strategy, finances, and operations, along with being a partner in the company.

In his new role with ODDSworks, Mr. Mishra will be tasked with leading the Company’s growth and will be responsible for the overall strategy. He will help lead the ongoing execution of ODDSworks’ plans.

Advertisement
Stake.com

Larry DeMar, President of ODDSworks, said: “We are incredibly fortunate to bring a generational talent like Kunal to the ODDSworks’ team. We expect great vision and leadership as we drive forward with new markets and operators.”

“Having evaluated the opportunities in the iGaming market, I am excited to take on this role to further ODDSworks evolution and momentum. As demonstrated by the Company’s progress including an expansion into new markets and focus on delivering high-performing iGaming content – ODDSworks has already established a framework to deliver consistent growth. I look forward to contributing to our long-term success,” Mr. Mishra said.

Continue Reading

Bragg Gaming Group

Bragg Gaming Group First Quarter Revenue Rises 4.2% to EUR 23.8 Million

Published

on

bragg-gaming-group-first-quarter-revenue-rises-42%-to-eur-23.8-million

 

Bragg Gaming Group, a global B2B content-driven iGaming technology provider, reported record financial results for the first quarter of 2024.

Matevž Mazij, Chief Executive Officer for Bragg, commented: “We carried our strong momentum in 2023 into the first quarter, delivering robust growth that underscores the ongoing success of our efforts to transform Bragg into a content-focused iGaming solutions provider across expanding North American and European markets. Year-over-year revenue increased by 4.2% to EUR 23.8 million, largely propelled by organic growth from our current client base, the addition of new customers in multiple jurisdictions, and impressive results from our in-house Wild Streak Gaming casino games studio.

“Although gross profit and Adjusted EBITDA saw modest decreases in the first quarter stemming from the extension and renegotiation of our agreement with Entain Plc to provide our PAM platform to BetCity.nl through 2025, we maintain a strong belief in our ability to achieve long-term growth and profitability. Our proprietary and exclusive third-party content continues to gain ground with an increasing number of top-tier operators globally, and we introduced a total of 19 new exclusive titles worldwide in the first quarter of 2024.

“Additionally, as we continue to make encouraging progress on our strategic alternatives review process, it’s important to emphasize that we are operating the business as usual and remain laser-focused on capitalizing on growth opportunities.

Advertisement
Stake.com

“With that in mind and in response to the increasing demand and growth in the iGaming marketplace, subsequent to quarter end, we took two significant steps to further fuel our growth initiatives. First, we secured a USD 7.0 million investment through a promissory note, enhancing our balance sheet flexibility as we continue to execute our strategy and explore strategic alternatives to maximize shareholder value.

“Second, we bolstered our leadership team with the appointment of Neill Whyte as our new Chief Commercial Officer. With over 18 years of iGaming experience and a proven track record of driving growth through successful commercial partnerships, Neill’s expertise will be invaluable as we leverage our extensive content and product portfolio to expand in existing and new markets. This key hire is another testament to how we are scaling our organization for sustained growth and profitability.

“While the strategic review process progresses, we remain bullish on the opportunities ahead as the trend of iGaming regulation continues worldwide. We see exciting potential in newly regulating markets like Brazil, Peru and Finland, as well as untapped opportunities in regions like Africa that we are actively exploring.

“The strategic moves we have made have established Bragg as a vital content provider for premier international iGaming operators, reinforcing our base for reliable and lucrative growth. Equipped with the appropriate strategies, financial resources, and talent, we are well-prepared to maintain our business momentum while pursuing initiatives that foster cash flow growth and deliver increased value to our shareholders.”

Advertisement
Stake.com
Continue Reading

Trending