Bragg Gaming Group (BRAG) Stock News

Bragg Gaming Group has signed an agreement with Hard Rock Digital to develop exclusive online casino games for Hard Rock Bet Casino. The partnership expands on their existing relationship where Hard Rock Bet already offers Bragg's content from Wild Streak Gaming, Atomic Slot Lab, and Indigo Magic studios. The exclusive titles will initially launch in New Jersey with potential for expansion into future markets. This strategic move is expected to accelerate Bragg's U.S. expansion and position the U.S. as their fastest-growing market in 2025. The new games will join Hard Rock Bet Casino's existing portfolio of over 2,900 titles, aiming to provide unique gaming experiences for players.

Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG) has secured approvals for a new USD 6 million Senior Secured Revolving Credit Facility from a Schedule I Canadian bank. The facility will become available after the company repays its existing USD 2 million promissory note owed to entities controlled by Doug Fallon, expected to be repaid from cash on hand in the coming weeks. The note's maturity has been extended to July 15, 2025. The new facility, intended for working capital, growth initiatives, and general corporate purposes, offers more favorable terms including lower borrowing costs and improved drawdown flexibility compared to the existing note.

Bragg Gaming Group (NASDAQ: BRAG; TSX: BRAG) has appointed Scott Milford as Executive Vice President, Group Content, marking a significant leadership addition to accelerate the company's global growth in iGaming content development. With over 25 years of experience at major gaming brands including Aristocrat, Konami, and Aruze Gaming, Milford will lead strategy across Bragg's in-house studios (Wild Streak Gaming, Atomic Slot Lab, and Indigo Magic) and manage relationships with partner developers. The appointment comes amid Bragg's strong performance, with 3x year-over-year growth in wagering on proprietary content in the U.S. iGaming market. Milford's extensive background includes 17 years at Aristocrat Leisure Limited in various roles, including President of Product Madness and Chief Product Officer at Pixel United. He will be based at Bragg's Las Vegas office.

Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG) has launched Big Ticket Bonanza, a new gamification tool within its Fuze™ marketing suite. This innovative feature rewards players with guaranteed-win scratchcards during gameplay, offering instant cash prizes or raffle tickets for weekly/monthly draws. The tool includes dynamic ticket counters, customizable branding, and RNG-based draw mechanisms for fairness and compliance. Initially launched with Senator Group in Croatia, Big Ticket Bonanza is being rolled out across Europe, U.S., and LatAm markets. The tool joins Fuze™'s existing features including tournaments, quests, flash jackpots, and AI-powered game recommendations, aiming to boost player engagement, session time, and wagering volume.

Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG) reported strong Q1 2025 financial results with revenue increasing 7.1% to EUR 25.5M. Excluding the Netherlands market, revenue growth was 27%, driven by exceptional U.S. performance with 150% growth. The company achieved significant profitability improvements with gross profit margin expanding to 56.0% and Adjusted EBITDA rising 19.7% to EUR 4.1M. Proprietary content revenue grew 62% YoY, reaching 15.5% of total revenue. Cash from operations increased 63.5% to EUR 4.5M. Notable achievements include triple-digit U.S. revenue growth, successful Brazil market entry, and strategic partnership with Caesars Digital. The company provided 2025 guidance with revenue projected between EUR 117.5-123.0M and Adjusted EBITDA between EUR 19.0-21.5M.

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Bragg Gaming Group has appointed Holly Gagnon as the new Chair of its Board of Directors, succeeding Matevž Mazij, who will continue as CEO and board member. Gagnon, who has served as Lead Director since 2021, brings over 30 years of gaming industry leadership experience to the role.

Gagnon's extensive career includes executive positions at major gaming companies like Foxwoods Resort, Caesars Entertainment, and MGM Resorts International. She currently serves as president of HGC Hospitality Gaming Consulting and holds advisory roles in various industry organizations.

The leadership transition allows Mazij to focus more intensively on operational leadership and growth initiatives in key markets. Gagnon, who holds a B.S. in Accounting and an MBA, is also a Certified Public Accountant and lectures at the University of Massachusetts Isenberg School of Management.

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.