Bragg Gaming Group

Holly Gagnon and Alex Spiro have been appointed to the Bragg Gaming Group board of directors, with the group lauding the addition of ‘specialist expertise’.

Gagnon is an experienced gaming industry CEO with over 29 years’ in the industry, and has held senior positions at the likes of Seneca Gaming Corporation, Caesars Entertainment Corporation, MGM Resorts International, and Harrah’s Entertainment.

Spiro, a former prosecutor and the former coordinator of a program for children with autism at McLean Hospital, Harvard Medical School’s psychiatric facility, is a litigator and investor and serves as chair of Glassbridge Enterprises.

“We’re extremely pleased that Holly and Alex have agreed to contribute their expertise to the Bragg board,” said Paul Godfrey, chair of the board at Bragg Gaming Group.

“Holly’s extensive experience in the North American gaming sector will be invaluable as we expand our footprint in the US, and Alex brings exceptional analytical and business leadership skills to the team. Their areas of expertise are strong complements to our current board.”

Full House Resorts

A series of management promotions have been outlined by Full House Resorts, with Angelika Truebner-Webb, the current executive director of finance of administration at Indiana’s Rising Star Casino Resort, to be elevated to the role of general manager, pending customary gaming approvals.

Furthermore, the same property is to also see James McCracken promoted to assistant general manager, as well as Ashlee Wilkerson to director of human resources.

Elsewhere, in the group’s Nevada segment, which consists of Grand Lodge Casino in Incline Village and Stockman’s Casino in Fallon, Cyndy Carter formerly director of finance, is to become assistant general manager.

“I am pleased to announce these recent promotions from within our internal ranks,” stated Daniel Lee, president and CEO of Full House Resorts. “Angi, Cyndy, Jim, and Ashlee have done great jobs in helping our company grow to new heights. We look forward to their continued contributions in their new leadership roles.”

Crown Resorts

Steve McCann is to become chief executive officer and managing director of Crown Resorts, subject to the receipt of probity and regulatory approvals.

McCann, currently CEO of real estate and investment group Lendlease Corporation, a role he has held for more than a decade, last year delayed his planned retirement to lead the group’s response to the COVID-19 pandemic, and will retire from the board on May 31 2021.

He will join from June 1, 2021, with Helen Coonan to continue to perform her executive responsibilities as interim executive chairman until approvals have been received, in order to ensure a smooth transition.

Coonan said: “Steve is a first-class appointment for Crown and the right person to embed the ongoing reforms necessary to restore regulatory and public confidence in our operations.

“Recognised as one of Australia’s most respected business leaders, Steve has a unique blend of strategic, financial and corporate governance expertise and a track record of building strong employee engagement and driving cultural change.

“During a comprehensive recruitment process, Steve was the clear choice from a quality
field of prospective candidates. The board was looking for a CEO firmly committed to building on the momentum for change within our business and Steve is ideally placed to hit the ground running as our sweeping reform program takes hold.”

Alliance for Gambling Reform

The board of the Alliance for Gambling Reform has announced the appointment of Gordon Ramsay as the organisation’s new CEO.

Gordon brings a wealth of experience to the role, most recently as the ACT attorney-general from 2016-2020. While in government, Ramsay is lauded as championing a gambling reform agenda in the ACT, resulting in a more than 20 per cent reduction in poker machines, and substantial regulatory improvements that have laid the pathway for ongoing reform.

Sharon Dickson, board chair, explained: “Gordon brings a wealth of experience that will further the Alliance’s work with our partners and community to reduce gambling harm, which is one of the most pressing public health issues we face as Australians.

“Gordon has a unique combination of experience in social justice and advocacy, as CEO in a services-based organisation, working with people with lived experience, and in gambling reform in the political arena. I’m excited about the change we will achieve with Gordon leading the organisation.

“I’d like to take this opportunity to thank Tony Mohr for his contributions as the inaugural leader of the Alliance. His work and that of the Alliance’s staff has created a solid foundation for Gordon to build on. It’s exciting times ahead.”

The post Part 69 | On the move: recruitment round-up appeared first on CasinoBeats.

Bragg Gaming Group

Richard Carter has formally taken up occupation of the role of CEO of Bragg Gaming Group, a position it was confirmed that the former CEO of SBTech was to step into in March.

The company says that the move is made at “a key point” in its growth and evolution, with an aggressive global growth strategy underway, including expansion into the burgeoning North American igaming market and an anticipated launch on the Nasdaq exchange.

I’m excited to be leading Bragg in its next phase of growth and helping to shape the future of the company, as we continue to provide next generation premium content and tools to our B2B partners,” said Carter.

“Bragg has the cutting-edge technology, the data driven insights, the player engagement tools and the premium content that ideally positions the company to capture an increasing proportion of global igaming market.

“I’m eager to leverage these strengths to expand Bragg in both our core European markets and in the rapidly growing North American igaming market.”

Gaming1

Gaming and sports betting operator Gaming1 has appointed Ricardo Viana to its newly created role of chief creative officer, where he will build upon 25 years of industry experience.

Viana will take charge of the design, distribution and marketing of the group’s game collection, streamlining the development process for its more than 120 slots, dice and table games.

“We are thrilled to welcome Ricardo on board, and have every confidence that his appointment will prove pivotal to the continued popularity generated by our ever-growing games offering,” commented Sylvain Boniver, COO and co-founder at Gaming1.

“Our in-house portfolio of premium casino titles has gone from strength to strength in recent months, and Ricardo will undoubtedly play a key role in helping it to expand and improve even further.”

International Game Technology

Walter Bugno has resigned his position as executive vice president of new business and strategic initiatives of International Gaming Technology.

Following the departure, IGT new business responsibilities will be divided among the global lottery and global gaming business units. Responsibilities for strategic initiatives will be assumed by the IGT strategy and corporate development support function.

The group says that the decision has been made in order to “pursue a new professional opportunity,” with Bugno to continue in his current position until May 14, 2021.

“I would like to thank Walter for his accomplishments over the course of more than 10 years of senior leadership at IGT. His efforts have made meaningful contributions to the strength of our global leadership,” noted IGT CEO Marco Sala.

“At every stage of his time with IGT, Walter successfully engaged teams across multiple regions, built significant customer relationships, fostered continued talent development and championed innovation throughout his organisation. On behalf of everyone at IGT, I wish Walter well in his future endeavours.”

Avala Casino

Lauded as ‘Montenegro’s largest casino,” Avala Casino has announced the appointment of Neil Gallacher as CEO as part of the acquisition by Global Gaming Holdings.

Gallacher, an experienced international gaming executive having managed casinos in Europe, Africa and Asia, is also the former vice president of Jeju Shinwa World and joins the Avala Casino team from Les Ambassadeurs, London.

“I look forward to this new role and driving tourism to both Avala Casino and Montenegro as a whole, I am excited to expand our entertainment offerings – launching our new sports bar and high roller poker tournaments alongside avala.bet – our new online sportsbook and casino,” Gallacher stated.

PointsBet

PointsBet has appointed veteran communications and public affairs executive Patrick Sandusky as senior vice president of communications.

In the newly created role, he will lead all external communications and media relations for PointsBet and report to PointsBet USA CEO Johnny Aitken, while being based in the firm’s East Coast offices.

On his appointment, Sandusky said: “I am excited to join a growing company that is not only an industry leader in the sports betting space, but also at the forefront of sports and technology.

“The future of fan engagement will be built around sports wagering, and PointsBet – along with leading partners like NBC Sports – will change the dynamic on how sports fans interact with their favourite teams and leagues.

“I look forward to utilising the strong foundation in place and helping shape strategy and vision to find success in the burgeoning, competitive space that is US sports betting.”

The post Part 68 | On the move: recruitment round-up appeared first on CasinoBeats.

Bragg Gaming Group

Oryx Gaming’s parent company Bragg Gaming Group has announced that founder and interim CEO Adam Arviv has named Richard Carter to the role of CEO of the company, effective May 1, 2021.

Arviv, founder and among the largest shareholders of the company, previously petitioned the board to place him in the role of CEO in September 2020 amid disappointment with the negative effects of continued underperformance. Subsequently, he strategically recruited Carter as board chair.

“We’ve made significant progress in our strategic goals over the past months, and Richard is the ideal person to advance our plans – expanding our current market overseas and aggressively moving into the US market,” added Arviv.

“Richard is a recognised authority in the online sports and casino betting industry, with a proven record helping launch SBTech in the US market, before the successful sale of the company to DraftKings. We’re working together to make the necessary adjustments as we transform Bragg into a major player.”

Mohegan Gaming and Entertainment

Connecticut-based casino operator Mohegan Gaming and Entertainment has appointed Bobby Soper to the new role of international president.

In his role, Soper will represent MGE in Asia as he oversees, coordinating and directing all aspects of the company’s efforts related to both Inspire Korea Project in South Korea and its joint bid for an integrated resort license in Nagasaki, Japan with Oshidori International.

“Having served the Mohegan Tribe and MGE for many years, we are confident in Bobby’s experience and capabilities to guide our efforts on the ground in Asia,” said James Gessner, chairman of the Mohegan Tribe.

“Bobby’s leadership and presence representing MGE will serve as a catalyst and result in significant progress with both of these important international project commitments.”

Videoslots

Online casino operator Videoslots has appointed Peter Sjoberg to the role of chief operating officer. He joined Videoslots as its head of customer services in 2018 and was quickly promoted to director of customer services.

Sjoberg, who has also held senior positions at Betclic and Unibet, will use his 15 years of industry experience to oversee the day-to-day administrative and operational functions of the company.

“Peter is a dedicated, hands-on and performance driven colleague. During his time at Videoslots he has earned a reputation as someone who brings strong leadership, vision and integrity to every role he takes,” Alexander Stevendahl, Videoslots’ CEO, noted.

“I am confident that his appointment as COO will mean we can accomplish even bigger and better things as a brand, and I am very much looking forward to us hitting our targets together in the coming months.”

Genius Sports

Genius Sports has confirmed the appointment of David Levy as new company chairman, as the company moves to imminently list on the New York Stock Exchange.

A figurehead in US sports and entertainment, Levy is the former president of Turner Broadcasting, credited with radically diversifying the news broadcaster’s media portfolio.

During his 30-year executive tenure at Turner, Levy played an instrumental role in defining and expanding the company’s media rights by securing long-term partnerships with the NBA, MLB, NCAA and PGA.

“The capture and analysis of data has become fundamental to the rapid progression of the sports and media sectors. Genius is central to this unique ecosystem and is consistently leading the sports data and technology industry’s development,” Levy said.

“I am thrilled to join the business at such a historic time and look forward to working as part of the team.”

Spotlight Sports Group

Spotlight Sports Group continues to broaden its US market presence with the appointment of Justin Geiger as VP of US sales. Based in Washington DC, he becomes the first senior commercial recruit operating from the US as the group grows its commercial capabilities within the space.

In the role, which focuses largely on B2B sports betting content and partnerships with media and sports betting operators through Pickswise, Geiger will be tasked with growing the portfolio of US B2B and media partners.

Sam Houlding, Spotlight Sports Group’s chief commercial officer, noted: “It’s a timely appointment for the group in the US following the really strong foundation we’ve set with the growth of Pickswise and the establishment of our US B2B business which provides high-quality sports betting content taking customers beyond the odds.

“Justin brings a wealth of experience and knowledge of the landscape and I’ve no doubt he’ll be a great success in advancing our business efforts as we look to scale quickly and further build on our operation in the coming months.”

The post Part 62 | On the move: recruitment round-up appeared first on CasinoBeats.

Bragg Gaming Group 

Former SBTech CEO Richard Carter has been appointed as non-executive chair of the Bragg Gaming Group board of directors.

In the position, Carter will advise and provide support to CEO Adam Arviv on developing a global strategy focused on partnerships with best-in-class brands, continued growth of their organic business and consideration of all accretive M&A opportunities.

“Richard is a recognised authority in the online sport betting industry who was heavily involved in the merger between DraftKings and SB Tech,” noted Arviv.

“This appointment fits my mission as interim CEO – to build a championship team that will execute on our plans to expand our current market overseas and to aggressively move into the US market. We continue to be focused on recruiting additional top talent.”

Spillemyndigheden

Danish gambling authority Spillemyndigheden has confirmed that Anders Dorph will assume the role of director, effective from November 1.

Joining after serving as the deputy director of the Danish Immigration Service, Dorph will take over from Morten Niels Jakobsen, who stepped down from the position earlier this year to join the Danish Valuation Agency as its new director.

Morten Bødskov, minister of taxation, said: “The gaming authority plays a crucial role in the work of ensuring a proper and regulated gaming market in Denmark, where players are protected against unfair and illegal gaming. That is why I am glad that Anders Dorph has taken on the task.

“He has an extremely heavy professional profile with broad experience from politically led organisations and cooperation across authorities. Therefore, I look forward to benefiting from his experience.”

Push Gaming

B2B gaming supplier Push Gaming has announced the appointment of Jessica Maier as chief risk officer in a move designed to bolster the company’s plans for continued international expansion.

Maier will head the legal and compliance department and oversee all aspects of licensing and compliance across all markets, as well as being responsible for managing relationships with regulatory bodies.

As CRO, Maier will also be key to driving the supplier’s entry into new jurisdictions by managing new licence applications and certification processes, while continuing to promote a culture of compliance throughout the growing organisation.

James Marshall, CEO at Push Gaming, commented: “With various global operators coming on board in recent months, we’re delighted to have Jessica join us as CRO in order to further build on the culture of compliance in our rapidly growing organisation.”

“She comes with specific and in-depth expertise in gambling law, which will be crucial in our ambitions to continue to expand into regulated markets, while also supporting in-house teams with the knowhow of dealing with regulatory bodies and partner requirements.”

Triggy

Swedish B2B white label app provider Triggy AB has hired Darran Miner as vice president of North America to spearhead its growth strategy in the rapidly moving US sports betting sector.

Miner, who represents Triggy’s first US hire, brings with him more than 20 years of sports marketing and betting experience. Most recently, he led marketing and sales efforts for the New York Racing Association, including overseeing promotion of ticketing and wagering verticals as well as sponsorships.

Company co-founder Bjorn Nilsson welcomed Miner’s appointment, saying: “We are excited to have Darran join the Triggy team as we launch our business in North America. We believe we have a fantastic product that will revolutionise the in-play betting market in the US and believe Darran is the perfect person to build our team in the states.”

Miner cited the success of established non-US in-play betting markets and the potential for the genre stateside. “The in-play betting market is well established in Europe and Asia and it’s starting to gain traction here in the US,” he said. “I’m excited to join the Triggy team and bring our industry leading technology to bettors throughout North America.”

The post Part 43 | On the move: Recruitment round-up appeared first on CasinoBeats.

The agreement is Bragg’s sixth PAM deal in the Dutch market, while the supplier’s managed services suite includes 24/7 customer support, payment processing and technology, fraud prevention services, retention marketing and access to our responsible gambling solutions.

Meanwhile, the content section of the deal gives Hard Rock Casino NL access to the Bragg HUB, which features over 10,000 casino titles including exclusive games built on the Bragg remote gaming server and from other igaming suppliers.

The supplier will also provide exclusive content from its in-house proprietary games development studios including Atomic Slot Lab and Indigo Magic. Bragg HUB also features Fuze promotional tools including free rounds, tournaments and quests.

“We’re excited to be able to support hardrockcasino.nl as it launches in the Dutch market under the Hard Rock Casino brand,” commented Matevž Mazij, CEO at Bragg.

“Hard Rock Digital is an internationally recognisable brand with a fantastic global presence, and I cannot wait to see how Dutch players will embrace the brand as we launch with hardrockcasino.nl.”

Hard Rock Digital operates in the Netherlands as part of a brand licensing agreement with iCasino BV, which has an online gambling licence to operate in the country.

Paul Strikers, CEO at iCasino, added: “When entering a highly competitive market like The Netherlands, with its strong emphasis on operator compliance, we wanted to have the best foundation, and Bragg’s suite of content and technology solutions provides that.

“Dutch players will benefit from access to the latest titles and the best offers, bringing the best in Hard Rock Casino style to our igaming offering.” 

Earlier this week, Hard Rock Casino NL secured a partnership with Stakelogic, integrating the provider’s online slots and live casino content, as well as its Chroma Key Studio technology, onto its platform in the Netherlands.

The post Hard Rock Casino grows offering in Netherlands with Bragg Gaming appeared first on CasinoBeats.

In its financial results for the third quarter of 2024, the company remarked that its board “unanimously determined that none of the proposals received reflect the company’s intrinsic value or current and projected financial performance, and therefore elected to conclude its review and disband the Special Committee”.

The igaming technology provider also reported a record Q3 revenue in its latest financial results, with revenue growing by over 15% compared to the same quarter the previous year.

In addition, gross profit increased by more than 15% year-over-year as well, adjusted EBITDA rose by over 5% and operating income improved, but remained at a loss.

Reflecting on the quarter and beyond, CEO Matevž Mazij stated that Bragg is “fully focused on commercialisation and unlocking profitable growth, without the need for significant new investment in product development” and that the company is “poised for an exciting, high-growth, and profitable future”.

Strategic alternatives process concluded

As previously mentioned, the Special Committee has concluded its strategic alternatives process and on its recommendation, Bragg’s board has unanimously determined to not accept any of the proposals it received during the review process.

In March earlier this year, chaired by independent board member Don Robertson, the company formed a Special Committee and began reviewing its strategic alternatives, which included selling the company or its assets, merging, financing, further acquisitions or other strategic alternatives.

In total, Bragg stated that it held discussions with more than 70 potential counterparties, executed non-disclosure agreements and shared confidential information with over 25 of them, receiving multiple non-binding proposals.

However, the company said that after careful consideration, the Special Committee and the board came to a unanimous decision and decided that “none of the proposals received reflect the Company’s intrinsic value or current and projected financial performance”.

As a result, Bragg has concluded its review and has disbanded the Special Committee.

The company added that while the process has come to an end, the board will “continue to be open and consider all opportunities for enhancing shareholder value” and that it remains “extremely confident about the Company’s business plan, operating strategy and financial prospects”.

“After a comprehensive and exhaustive process, the Committee recommended, and the Board unanimously agreed, that continuing to execute Bragg’s strategic plan as an independent public company is the best approach for maximising shareholder value,” said Robertson.

“Although the process has now concluded, Bragg’s Board will continue to be open to and consider all opportunities for enhancing shareholder value.”

Mazij added: “Over the past year, our financial performance, cashflow generation and revenue outlook have significantly improved. We remain extremely confident about our business plan, operating strategy, and financial prospects.”

Q3 revenue record

Bragg noted that its revenue in Q3 has increased by 15.9% YoY to a record €26.2m for the period (Q3 2023: €22.6m).

Gross profit during the quarter grew by 18.1% YoY to €14m (2023: €11.9m) with a margin of 53.5% (2023: 52.5%). EBITDA increased to €3.9m (2023: €1.2m).

Adjusted EBITDA rose by 7.1% YoY to €4.1m (2023: €3.8m) with a margin of 15.6% (2023: 16.9%). While operating income improved in Q3 in comparison to a €2.1m loss during the same period the previous year, it remained at a loss of €406,000.

Mazij described Q3 for Bragg as “another period of strong growth and record results”, adding that in the US, “strong third quarter revenue gains from content distribution helped drive a 40% global increase in proprietary online content revenue year-over-year”.

As of 30 September 2024, cash flow generated from operations was €8.4m (2023: €6.2m), while cash and cash equivalents were €11.6m and net working capital – excluding deferred consideration, loans payable and convertible debt – was €11.3m.

Outlook

The company also reiterated its 2024 full-year revenue guidance range of €102m to €109m and its adjusted EBITDA range of €15.2m to €18.5m, once again stating that it is “currently tracking to the lower end of guidance”.

Mazij concluded: “Since stepping in as Chairman 16 months ago and then as CEO 14 months ago, we’ve transformed our executive team, restructured commercial operations, and sharpened our sales strategy with a targeted, jurisdictional approach. 

“These decisive actions position us to drive growth and capture market opportunities with greater precision and impact. Under new leadership, we’ve built a strong pipeline of tier one opportunities across key markets and key products, positioning Bragg for accelerated top and bottom-line growth.

“With the strategic review process now complete, Bragg is now fully focused on commercialisation and unlocking profitable growth, without the need for significant new investment in product development. 

“Our decade-long investments in technology and talent, combined with a robust leadership team, have built a scalable platform that uniquely positions us for aggressive growth in 2025 and beyond. With significant operating leverage now within reach, we’re poised for an exciting, high-growth, and profitable future.”

The post Bragg Gaming ends strategic review of business with no proposals accepted appeared first on CasinoBeats.

The deal will see GAMOMAT enter an initial four US states for the first time, as Bragg agreed to provide the slot provider with debuts in Michigan, New Jersey, Connecticut and Pennsylvania.

Entering the US builds on an existing North American collaboration between the two firms, as Bragg helped the studio take its content live in Ontario in 2022. 

Dietmar Hermjohannes, Founder and Managing Director of GAMOMAT, commented: “The regulated US online market offers significant potential, and we are excited to bring our games to these vibrant jurisdictions. 

“Our team’s commitment to analysing the diverse preferences of US players has been pivotal in preparing a suite of games tailored to meet their demands.”

As a result of the collaboration, US operators partnered with Bragg Gaming Group will be able to offer their players slots such as Feng’s Fortune Flaming Link, Great Grizzly and Lava Lions. 

Matevž Mazij, CEO and Chair of the Board at Bragg Gaming Group, added: “Our partnership with GAMOMAT continues to thrive and we’re thrilled to now be working together in the US GAMOMAT excels at balancing innovation with proven success and we expect great results.”

The post Bragg Group hands US entry to GAMOMAT appeared first on CasinoBeats.

Mazij added that the Q2 results show how the igaming technology provider has diversified its business over various growing igaming markets and product verticals. However, gross profit and adjusted EBITDA were down in comparison to the same period the previous year.

The company also provided an update on its strategic review process initiated earlier this year in March, noting that it was “pleased with the progress made” but wouldn’t be providing specific comments until circumstances warrant.

New quarterly record

Publishing its Q2 financials, Bragg declared a 0.5% revenue increase year-over-year to €24.9m (Q2 2023: €24.7m), which Mazij says is “a new quarterly record” and reflects “a robust business performance diversified over several growing iGaming markets and in-demand product verticals”.

Gross profit and adjusted EBITDA declined in comparison to the same period last year, as they did in Q1, but Bragg’s CEO said that this was expected.

A drop of 10.3% YoY occurred for gross profit, coming in at €12.4m with a 49.9% margin (2023: €13.8m, 55.9% margin). Meanwhile, adjusted EBITDA fell by 23.8% to €3.6m with a 14.5% margin (2023: €4.7m, 19.2%).

Mazij noted that the decrease was due to a change in product mix, but the CEO was encouraged by recent momentum from higher-margin products. Revenue, gross profit and adjusted EBITDA have all improved in comparison to Q1 as well.

“As expected, gross profit and adjusted EBITDA were down 10.3% and 23.8% year over year respectively, as our product mix has changed,” commented Mazij.

“However, I am encouraged by recent momentum for our higher margin products including for our proprietary iGaming content in North America, and from launches of new customers powered by Bragg’s Player Account Management (“PAM”) and turnkey solutions. 

“I am also pleased with sequential growth in revenue (+4.4%), gross profit (+4.4%) and adjusted EBITDA (+6.0%) compared to the first quarter of the year, a timeframe during which our product mix has remained consistent, and I am confident that we have the products, the strategy and the expertise in place to be able to continue to grow our revenues and profit margins in the second half of the year and into 2025.”

Leadership and expansion

Within its business highlights, Bragg noted its appointments of Robbie Bressler as interim CFO, Neill Whyte as CCO and Tommaso Di Chio as Chief Legal & Compliance Officer, as well as the launch of 17 new titles worldwide, including 12 games from its proprietary studio brands.

The igaming supplier also continued its global expansion, securing technology and content deals in the Czech Republic, the Netherlands, Italy and the US with the likes of Kingsbet, BetMGM, Golden Nugget, FanDuel, Hard Rock Casino, Metric, Kambi, Light & Wonder and Sisal. 

Mazij said: “We have taken decisive steps to bolster our leadership team, expand our presence in key markets worldwide, and make significant inroads in the US market. 

“With Bragg’s overall share of the US igaming content supplier market still estimated at below 1%, our expanding distribution in the United States along with our extensive distribution reach in regulated markets globally, represents a huge upside opportunity for the company, which is now licensed, certified or otherwise compliant with relevant local regulations in more than 30 jurisdictions.

“In the US we are pleased to be on track to more than double our wagering volume this year compared to 2023, and we look forward to continuing the trend into future years.”

Outlook

As of 30 June, cash flow generated from operations stood at €2.1m (2023: €5.2m), while cash and cash equivalents came in at €10.9m and net working capital, excluding deferred consideration, loans payable and convertible debt, was €10.5m.

The company also secured a €6.5m investment through a promissory note, “enhancing balance sheet flexibility to execute on strategy”.

For the rest of 2024, Bragg has reiterated its full-year revenue guidance range of €102m to €109m and its adjusted EBITDA range of €15.2m to €18.5m, but added it is “currently tracking to the lower end of guidance”.

The company also provided an update on its strategic review process, initiated earlier this year in March, noting that it “continues to be pleased with the progress made to date but will not be providing specific comments on the status of the process until circumstances warrant”.

Mazij concluded: “Looking ahead, I am confident that the seeds we are planting today – in the US, in content, and in our technology platform – will yield a robust harvest in the future. 

“We are building a stronger, more agile Bragg that, along with our US distribution and global reach, is poised to capitalise on the immense opportunities that lie ahead in the worldwide igaming market.”

The post Bragg Gaming: Confident in outlook despite adjusted EBITDA decline appeared first on CasinoBeats.

Through the agreement, the game studio’s portfolio of casino titles will be added onto the igaming content and turnkey technology solutions provider’s aggregation platform and made available to customers across multiple jurisdictions.

“Our deal with Bragg gives us an exceptional platform to showcase our games to a diverse client base around the world and is in keeping with our broader market strategy,” commented Danielle Calafato, Chief Commercial Officer at Gaming Corps.

“This is a really exciting collaboration, which is already showing great results and we couldn’t be happier with where this partnership is heading and we look forward to seeing all our future content made available to more and more operators.”

Gaming Corps titles that will be made available to Bragg Hub clients include Samba Soccer, Lobster Hotpot and the Smash4Cash series.

Within the past month, Bragg Gaming has expanded the reach of its global content after forming partnerships with Hard Rock Casino NL and BetMGM in the jurisdictions of the Netherlands and Pennsylvania, respectively.

Ivica Jovanovski, Head of Aggregation at Bragg Gaming Group, added: “We have a reputation for providing a wide variety of unique, innovative and localised content to our customers and Gaming Corps casino games fall very nicely into these categories.”

The post Bragg Gaming integrates Gaming Corps titles onto Bragg Hub platform appeared first on CasinoBeats.

Through the agreement, the operator’s players in the Keystone State can now play the igaming supplier’s titles such as Egyptian Magic and Fairy Dust from Bragg’s Atomic Slot Lab proprietary content studio.

Additional titles are set to come to the state including games from Las Vegas-based proprietary content studio Wild Streak Gaming and from exclusive content partners under the Powered By Bragg program including King Show Games and Sega Sammy Creation.

BetMGM has now gone live with Bragg content in three US states following launches in Michigan and New Jersey in 2022 and 2023 respectively.

“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,” commented Oliver Bartlett, VP of Gaming, Product & Casino at BetMGM.

“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.”

Bragg stated that its RGS technology includes the company’s Fuze promotional tools that provide engagement features on games including free rounds, tournaments and quests.

Garrick Morris, SVP of Commercial for the US and Canada at Bragg Gaming Group, added: “We’re delighted to strengthen our existing collaboration with BetMGM to a third US state, as part of our ongoing drive to provide the highest quality content to players in the US 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.”

The post BetMGM goes live with Bragg Gaming’s content in Pennsylvania appeared first on CasinoBeats.