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Bragg Gaming Group Inc. (BRAG) delivers innovative B2B gaming technology and aggregated casino content through its proprietary platforms. This news hub provides investors and industry professionals with essential updates on corporate developments, strategic initiatives, and market performance.
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Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG) has announced an agreement to repay USD 5 million of its USD 7 million secured promissory note, while extending the maturity date for the remaining USD 2 million until June 6, 2025.
The company is working to secure a new revolving credit facility from a third-party lender, which is expected to offer more favorable terms, including lower borrowing costs and improved drawdown flexibility. CFO Robbie Bressler stated that this partial repayment and extension will strengthen their balance sheet and reflects confidence in the business.
The transaction involves Doug Fallon, a senior officer of the company, and is considered a 'related party transaction' under MI 61-101. Bragg is utilizing exemptions from formal valuation and minority shareholder approval requirements as the fair market value does not exceed 25% of the company's market capitalization.
Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG) has announced a strategic partnership with RapidPlay, a Brazilian game development studio, including the acquisition of an equity stake and an exclusive content distribution agreement. RapidPlay specializes in creating localized casino content for Brazilian and Latin American markets.
The partnership grants Bragg exclusive rights to distribute RapidPlay's content portfolio through its licensed Brazilian operators, with an option to acquire a controlling interest in the future. All games will be powered by Bragg's proprietary Fuze™ technology, featuring real-time gamification and player retention tools.
Since launching operations in Brazil on January 1, 2025, Bragg has partnered with over one-third of licensed operators in the market. The Brazilian online casino market is projected to generate USD 1.5 billion in 2025, growing to USD 3.7 billion by 2029, with potential to contribute up to 10% of Bragg's total revenue this year.
Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG) reported record financial results for Q4 and full year 2024. Q4 revenue reached EUR 27.2M (USD 28.8M), up 16.3% YoY, with gross profit increasing 30.9% and adjusted EBITDA growing 68.0%.
Full year 2024 saw revenue rise 9.1% to EUR 102.0M (USD 108.1M), with gross profit up 8.2% and adjusted EBITDA growing 3.6%. The company generated EUR 11.2M in operating cash flow and held EUR 10.5M in cash by year-end.
For 2025 guidance, Bragg projects revenue of EUR 120.25M (17.9% growth) and adjusted EBITDA of EUR 20.25M (28.2% increase). The company expects significant growth in Brazil and North America, targeting up to 10% and 15% of revenue respectively by year-end 2025. Strategic initiatives include expanding proprietary content, leveraging AI-enhanced platform capabilities, and strengthening partnerships with major operators like Caesars Entertainment.
Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG) has announced it will release its fourth quarter and full year 2024 financial results before market opening on Thursday, March 20, 2025.
The company will host a conference call at 8:30 a.m. Eastern Time, featuring CEO Matevž Mazij and CFO Robbie Bressler, who will discuss financial results and provide a business update. A presentation will be available on the company's investor relations website.
The conference call can be accessed via USA/International toll at +1 (646) 307-1963, USA toll-free at (800) 715-9871, or Canada numbers. A webcast replay will be available until April 9, 2025.
Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG) has signed an online casino content agreement with Loto-Québec, marking its expansion into a second Canadian province following its Ontario entry in March 2022. Through this partnership, Loto-Québec will gain access to exclusive content from Bragg's in-house studios, Atomic Slot Lab and Indigo Magic, delivered via Bragg's Remote Games Server technology through the Bragg HUB platform.
The agreement also includes access to content from multiple partners under the Powered By Bragg program, including King Show Games, Bluberi, Incredible Technologies, and Sega Sammy Creation. All content comes with Bragg's Fuze™ promotional tools, offering features like free rounds, jackpots, tournaments, and quests. This strategic partnership supports Bragg's goals of accelerating the growth of its exclusive content and diversifying revenue through North American market expansion.
Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG) has announced preliminary unaudited results for 2024 and guidance for 2025. The company expects 2024 revenue of at least EUR 102 million (9% increase) and Adjusted EBITDA of minimum EUR 15.4 million (1% increase).
For 2025, Bragg projects revenue between EUR 117.5-123.0 million and Adjusted EBITDA of EUR 19.0-21.5 million. Growth will be driven by increased focus on proprietary content, with significant expansion expected in North America (up to 10% of revenue) and Brazil (up to 15% of revenue). The company has integrated with major US operators like DraftKings and Caesars, reaching 90% of the US iGaming market.
Bragg has also introduced a Stock Appreciation Rights plan for executives, with payouts tied to share price increases over three years, targeting a four-fold increase from CAD $5 base price.
Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG), a global B2B iGaming content and technology solutions provider, has announced a new technology platform and exclusive games development partnership with Caesars Entertainment for the U.S. and Canadian markets. This partnership elevates Bragg's relationship with Caesars from a content supplier to a technology partner, leveraging Bragg's advanced iGaming technology and content development expertise.
The collaboration is projected to drive double-digit growth in Bragg’s revenue and profitability in 2025, particularly in North America. The agreement will accelerate growth in Bragg's exclusive content revenue, enhancing a balanced and margin-accretive product mix. The partnership includes a strategic technology licensing framework for Caesars to lease Bragg’s Remote Gaming Server (RGS), along with options to license the Bragg HUB product delivery and casino game aggregation platform, and Bragg’s Fuze™ player engagement platform.
Bragg will collaborate with Caesars' in-house games studio team to develop online casino games for Caesars' digital platforms, including Caesars Palace Online Casino, Horseshoe Online Casino, and Caesars Sportsbook & Casino. This expanded partnership follows the successful development of exclusive titles like Lady Luck Casino Egyptian Magic and Boardwalk Slots Bankers & Cash for Caesars Palace Online Casino.
Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG) has launched operations in Brazil's newly regulated iGaming market, which opened on January 1, 2025. The Brazilian online casino market is projected to reach USD 1.4 billion in 2025 and USD 3.7 billion by 2029.
The company is already live with approximately one-third of licensed iCasino operators in Brazil, including Superbet, KTO, Betano, Novibet, Sportingbet, and Betboo, and expects to reach over half of licensed operators by Q2 2025. Bragg estimates that Brazil could represent up to 10% of its total revenue in 2025.
Bragg's offering includes proprietary content titles, exclusive games from 'Powered by Bragg' partners, and content aggregation through Bragg HUB, which provides over 10,000 online casino game titles. The company operates from its São Paulo office, providing localized support to Brazilian operators.
Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG) announced significant insider share purchases by management and board members, demonstrating confidence in the company's undervalued shares. Following the conclusion of its Strategic Alternatives Process, the company has reiterated strong expectations for 2025, including double-digit revenue growth, expanding profit margins, and increased operational leverage.
CEO Matevž Mazij emphasized that strategic growth and liquidity initiatives remain key priorities. The review process identified focus areas including stronger cash generation, revenue diversification, accelerated proprietary content growth, and enhanced margins. The company plans to issue formal 2025 guidance in early 2025.
Bragg Gaming Group reported record Q3 2024 results with revenue increasing 16% year-over-year to EUR 26.2 million. Gross profit rose 18% to EUR 14.0 million, while Adjusted EBITDA grew 7% to EUR 4.1 million. The company saw a 40% increase in proprietary online content revenue, driven by expanded US distribution. The Board concluded its strategic review, determining that executing the current strategy is the best path forward. Bragg reiterated its 2024 guidance of EUR 102.0-109.0 million in revenue and EUR 15.2-18.5 million in Adjusted EBITDA, tracking toward the lower end of guidance.
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