Bragg Gaming Group Inc Stock Price, News & Analysis

Bragg Gaming Group (NASDAQ: BRAG) has received a significant supplier license from the UK Gambling Commission, marking its entry into the largest regulated iGaming market. This license will allow ORYX Gaming, a subsidiary of Bragg, to offer its content to major operators and expand its addressable market. With a total addressable market of approximately US$5.5 billion in the UK, this move is a crucial step in Bragg's growth strategy, aiming to increase its market share and expand into new jurisdictions, potentially boosting its total addressable market to over US$18 billion in 2022.

Bragg Gaming Group (NASDAQ: BRAG) has launched its platform for BetCity.nl, marking its entry into the newly regulated Dutch online gaming market. BetCity.nl is among the first ten operators licensed by the Netherlands regulator. The partnership with BetEnt, a subsidiary of Casino City, includes a comprehensive iGaming solution featuring ORYX’s Player Account Management (PAM) platform and an extensive library of over 10,000 games. With the potential for significant cross-sell opportunities from sports betting, Bragg aims to leverage its high-quality products in this developing market.

Bragg Gaming Group (NASDAQ: BRAG) reported strong Q3-2021 results with revenue of €12.9 million (up 9.9% YoY) but a decrease in Adjusted EBITDA to €1.4 million (down 22.7%). The company raised its 2021 revenue guidance to €55-56 million and 2022 guidance to €59-61 million. Key metrics showed a 4.8% increase in wagering revenue and a 14.4% rise in unique players to 2.1 million. Strategic initiatives include market diversification and an acquisition of Spin Games, positioning Bragg for further growth in the North American iGaming sector.

Bragg Gaming Group (NASDAQ: BRAG) has signed an exclusive global content licensing agreement with Bluberi, enhancing its iGaming offerings. Bluberi, with over 25 years in the industry, has a rich portfolio of more than 100 casino games. This partnership aims to adapt Bluberi's land-based titles for online distribution, initially targeting the North American market and later expanding to Europe and Canada. This strategic move underlines Bragg's commitment to content diversification and strengthens its foothold in the growing online gaming sector.

Bragg Gaming Group (NASDAQ: BRAG) has secured a full turnkey partnership with MERKUR, enhancing its presence in the Czech market. This agreement will allow ORYX Gaming, a subsidiary of Bragg, to provide a comprehensive iGaming solution, including its Player Account Management platform and various operational services. The rollout, expected in mid-Q2 2022, comes as online gambling in the Czech Republic shows consistent growth, generating approximately USD 550 million in 2020, which comprised over 32% of the total gambling revenue.

Bragg Gaming Group (NASDAQ: BRAG) announced it will release its third quarter 2021 financial results on November 8, 2021. The financial update will be followed by a conference call at 8:00 a.m. ET, featuring CEO Richard Carter and other executives. Participants can access a presentation and dial-in details for the call, which will be available for replay for seven days.

Bragg continues to expand its operations globally, focusing on key markets in Europe, North America, and Latin America.

Bragg Gaming Group (NASDAQ: BRAG) has partnered with Holland Casino as it launches its online casino offerings in the newly regulated Dutch market. The collaboration includes ORYX's exclusive content and its casino gaming aggregator product, following Holland Casino’s receipt of one of the first ten online gaming licenses. This partnership allows players access to ORYX-exclusive titles and aggregated games, enhancing Holland Casino’s digital portfolio with advanced player engagement tools.

Bragg Gaming Group (NASDAQ: BRAG) is enhancing its iGaming presence through a new partnership with Playtech, integrating its content into the Playtech Games Marketplace™. This integration will allow access to over 10,000 games, including exclusive titles from various partners, in key markets such as Spain, Italy, Switzerland, the Netherlands, and the UK. The deal supports Bragg's global growth strategy and utilizes ORYX's player engagement tools to increase acquisition and retention. This commercial move follows recent expansions into Greece and Serbia.

Bragg Gaming Group announced its North American debut at the Global Gaming Expo (G2E) from October 4-7 in Las Vegas. The company will showcase a suite of iGaming products from acquisitions such as Wild Streak Gaming, ORYX Gaming, and pending acquisition Spin Games, which is subject to regulatory approval. Highlights include new game titles like Lucky Lightning™ and the FUZE™ Player Engagement Platform. This platform offers features such as tournaments and real-time leaderboards, aimed at enhancing player engagement and boosting online casino KPIs.