Bragg Gaming Group Inc Stock Price, News & Analysis

Bragg Gaming Group (NASDAQ: BRAG) has launched its online gaming content with Rush Street Interactive (NYSE: RSI) in Ontario, marking a significant milestone in their partnership. This deployment includes five exclusive games, such as the popular Egyptian Magic, utilizing Bragg's Remote Games Server technology. The move is part of Bragg's strategy to enhance its presence in North America's expanding iGaming market, anticipated to become one of the largest in the region. Further game releases are planned as the partnership evolves.

Bragg Gaming Group (NASDAQ: BRAG) has launched its Remote Game Server (RGS) in Connecticut, marking its entry into the fourth U.S. state for iGaming. Working with DraftKings and the Mashantucket-Pequot Tribe, Bragg's RGS offers an initial library of 11 game titles, including top performers like Ripley's Big Wheel and 21 + 3® Progressive Blackjack. The company anticipates further rollouts of exclusive games in additional states as regulations permit. H2 Gambling predicts regulated casino games in Connecticut will generate $215 million in 2022, growing to $320 million by 2026.

Bragg Gaming Group (NASDAQ: BRAG) has extended its agreement with Kalamba Games to distribute select high-performing slot games across regulated markets in the U.S. and Ontario, Canada. This strategic partnership, originally established in 2017, aims to enhance both companies’ growth in the expanding iGaming sector. Popular titles like Firedrake's Fortune and Gates of Babylon will be among the first available to U.S. players, leveraging the regulatory growth of the U.S. iGaming market as a crucial opportunity for expansion.

Bragg Gaming Group (NASDAQ: BRAG) has partnered with Jumpman Gaming, enhancing its presence in the UK iGaming market. The agreement enables ORYX Gaming to distribute exclusive RGS content across Jumpman’s rapidly growing network. This collaboration aims to improve player engagement and retention through innovative features and jackpots. Chris Looney, CCO at Bragg, emphasized the importance of new partnerships for growth. Bragg is committed to expanding in regulated markets, further solidifying its position in the competitive UK gaming landscape.

Bragg Gaming Group (NASDAQ: BRAG) has further strengthened its position in Ontario's gaming market by launching its content on three of SkillOnNet's brands: SpinGenie, PlayOjo, and SlotsMagic. This follows their entry into the region on April 4. The partnership allows Bragg to offer its exclusive slots and games from its Atomic Slot Lab to a growing customer base. The demand underscores Bragg's ambition to expand in North America, with expectations for Ontario to become a significant iGaming market. Bragg aims to enhance its product portfolio and drive growth in Canada.

Bragg Gaming Group (NASDAQ: BRAG) has announced the appointment of Yaniv Sherman as the new Chief Executive Officer, effective July 1, 2022. Sherman, with over 20 years of experience in the gaming industry, previously served as Senior Vice President at 888 Holdings plc. His leadership is expected to enhance Bragg's strategic growth initiatives in the expanding U.S. online gaming market. Sherman's appointment concludes the Board's strategic review initiated in November 2021, and aims to drive long-term organic growth for the company.

Bragg Gaming Group Inc. (NASDAQ: BRAG, TSX: BRAG) announced the results of its annual and special meeting of shareholders held on June 9, 2022. All nominees proposed in the management information circular dated May 4, 2022, were elected as directors. Notably, each nominee received significant support, with Paul Godfrey garnering 86.97% of votes in favor. Additionally, the appointment of MNP LLP as auditors was approved with 99.83% of votes for. This meeting reflects strong shareholder backing for the company's leadership and operations.

Bragg Gaming Group has completed its acquisition of Spin Games LLC for approximately USD$30 million. This strategic move is expected to enhance Bragg's iGaming offerings in North America, leveraging Spin's established U.S. relationships and technology. The company plans to launch new proprietary games and exclusive titles in key states like Connecticut, Michigan, and New Jersey starting in Q3 2022. Bragg aims to capture a significant share of the growing U.S. iGaming market, supported by advanced engagement tools and an expanded content portfolio.

Bragg Gaming Group (NASDAQ: BRAG) has received final regulatory approval from the Pennsylvania Gaming Control Board to enter the state's iGaming market. This approval paves the way for Bragg to finalize its acquisition of Spin Games LLC, a tech and content provider in the gaming sector, expected to close this month. Spin Games holds licenses in several key U.S. states, enhancing Bragg's reach. The integration of their technologies is anticipated to offer a competitive edge in the rapidly growing iGaming sector.