Welcome to our dedicated page for Bragg Gaming Group news (Ticker: BRAG), a resource for investors and traders seeking the latest updates and insights on Bragg Gaming Group stock.
Bragg Gaming Group Inc. reports developments in iGaming content and platform technology for online casino, sports betting and lottery operators. The company provides proprietary, exclusive and aggregated casino games, including titles from Bragg Studios brands such as Wild Streak Gaming, Atomic Slot Lab and Indigo Magic, and distributes RGS-built games through the Bragg HUB content delivery platform.
Recurring news for BRAG covers operator partnerships in regulated markets, sportsbook and casino technology integrations, PAM platform deployments, Fuze player-engagement tools, content launches in regions such as Europe, North America and Latin America, financial results, guidance, board and management updates, and share ownership or trading disclosures.
Bragg Gaming Group (NASDAQ: BRAG) has partnered with Bally’s Interactive to enhance its iGaming content offerings. This collaboration will see the launch of Bragg’s proprietary games from studios like Atomic Slot Lab and Indigo Magic across Bally's online brands, including Virgin Casino and JackpotJoy. Additionally, Bragg will distribute exclusive titles through its Remote Game Server from select Bally’s third-party partners. This strategic alliance aims to expand Bragg’s presence in key markets like the UK and U.S., enhancing player engagement with diverse gaming options.
Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG) has successfully closed an US$8.7 million funding round through a convertible security funding agreement with Lind Global Fund II LP. The agreement includes a Convertible Security with a face value of US$10.0 million and 979,048 warrants exercisable at C$9.28 over 60 months. The Toronto Stock Exchange has conditionally approved the listing of shares underlying the Convertible Security and Warrants, dependent on compliance with TSX requirements by October 13, 2022.
Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG) has secured a funding agreement with Lind Global Fund II LP for an investment of US$8.7 million. This investment is aimed at strengthening Bragg's growth initiatives, particularly in enhancing proprietary content development and expanding into new regulated iGaming markets. The company anticipates a revenue growth of 34% and an Adjusted EBITDA growth of 46% for 2022. The funding will be in the form of a convertible security, with a face value of US$10 million, and will support ongoing operational expansion.
Bragg Gaming Group (NASDAQ: BRAG) reported record financial results for Q2 2022, with revenue reaching €20.8 million, up 34.2% year-over-year. Gross profit surged 65.5% to €11.6 million, marking a gross profit margin of 55.9%. Adjusted EBITDA increased by 62.9% to €3.1 million. The company raised its full-year guidance for revenue to a range of €76-80 million and Adjusted EBITDA to €10-11 million, indicating strong operational momentum. Bragg's customer base and proprietary game launches are expanding, driving consistent revenue growth in North America and Europe.
Bragg Gaming Group will announce its second quarter 2022 financial results on August 9, 2022, before market opening. A conference call will follow at 8:30 a.m. ET, featuring CEO Yaniv Sherman and CFO Ronen Kannor, providing insights on the results and business updates. Participants can access the call through various dial-in methods, while a replay will be available until August 16, 2022. Bragg Gaming Group, a leading B2B gaming technology provider, operates internationally, delivering innovative iGaming solutions and casino content.
Bragg Gaming Group (NASDAQ: BRAG) has appointed Mark Clayton to its Board of Directors, enhancing its legal and compliance expertise in the gaming sector. Clayton, a renowned gaming attorney with 32 years of experience, previously chaired Greenberg Traurig’s Global Gaming Practice and served on the Nevada Gaming Control Board. He replaces Cristina Romero, who resigned to focus on other business commitments. Paul Godfrey, the Chairman, expressed confidence in Clayton's ability to assist in Bragg's global B2B iGaming expansion initiatives.
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.