Bragg Gaming Group Inc Stock Price, News & Analysis

Bragg Gaming Group has launched its content in Italy, expanding its presence in Europe's second largest online gaming market. The company partnered with Microgame, Italy's leading gaming service provider, to distribute over 30 popular online casino games exclusively in this market. Italy, which has a projected online casino revenue of US$2.4 billion in 2023, has been a key market for Bragg following its expansions in other territories like North America and the UK. Bragg's President, Lara Falzon, emphasized the significance of this expansion as part of their strategy to offer engaging content in major regulated markets. The partnership with Microgame allows Bragg to reach a broad local audience quickly, enhancing their growth prospects in Europe.

Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG) has launched its proprietary and exclusive online games in Mexico through Caliente Interactive, a leader in the iGaming market. This expansion includes titles like Egyptian Magic and Fairy Dust from its Atomic Slot Lab studio. The interactive gambling market in Mexico is projected to achieve $814 million in gross win for 2023, with significant contributions from online casinos. CEO Yaniv Sherman stated that this partnership marks a pivotal move in Bragg's North American growth strategy, aiming to enhance its presence as a leading iGaming supplier in the region.

Bragg Gaming Group reported record financial performance for Q4 and the full year 2022, with Q4 revenue rising 50.3% to €23.7 million ($25.5 million) and a gross profit increase of 61.6% to €13.0 million ($14.0 million). The company achieved an Adjusted EBITDA of €3.6 million ($3.9 million), a 128.3% rise year-over-year. For FY 2022, revenue grew 45.3% to €84.7 million ($91.1 million), with Adjusted EBITDA increasing 64.0% to €12.1 million ($13.0 million). Bragg updated its 2023 guidance, expecting revenue between €93-97 million ($100.0-104.3 million) and Adjusted EBITDA of €14.5-16.5 million ($15.6-17.7 million), indicating strong operational momentum.

Bragg Gaming Group (NASDAQ: BRAG) has launched its proprietary content and Remote Game Server with Resorts Digital Gaming in New Jersey, expanding its presence in the North American iGaming market. The new content includes games such as Fairy Dust and Dreamy Genie from Bragg’s Atomic Slot Lab and exclusive titles from partner studios. H2 Gambling Capital forecasts the New Jersey interactive casino market will generate $1.8 billion in Gross Win in 2023. The rollout aims to enhance player engagement and attract new audiences, supporting Bragg's strategic growth in the competitive iGaming landscape.

Bragg Gaming Group (NASDAQ: BRAG) announced its participation in the 35th Annual ROTH Conference on March 13-14, 2023 at The Ritz-Carlton in Dana Point, CA. CEO Yaniv Sherman and Chief Strategy Officer Yaniv Spielberg will meet with institutional investors. Additionally, Spielberg will join a panel discussion on the U.S. iGaming Outlook from a B2B Perspective on March 13 at 11:30 a.m. PT. Investors can access Bragg's current presentation online. With operations in regulated markets worldwide, Bragg is a leading technology provider for online and land-based gaming operators.

Bragg Gaming Group (NASDAQ: BRAG) announced the release of its fourth quarter and full year 2022 financial results on March 21, 2023, before market open. A conference call will follow at 8:30 a.m. Eastern Time, hosted by CEO Yaniv Sherman, CFO Ronen Kannor, and CSO Yaniv Spielberg, discussing the results and providing a business update. Interested participants can join the call using specific dial-in numbers provided. A replay will be available until March 28, 2023. Bragg provides iGaming technology and content for online and land-based operators globally.

Bragg Gaming Group (NASDAQ: BRAG) has expanded its partnership with Caesars Sportsbook & Casino by launching new proprietary content and Remote Game Server (RGS) technology in New Jersey.

This launch enhances Bragg's presence in the U.S. iGaming market, complementing its previous offerings in both New Jersey and Michigan through its Spin Games RGS.

With estimates from H2 Gambling Capital projecting a gross win of $1.8 billion in New Jersey's interactive casino market for 2023, this rollout is timely for Bragg's growth strategy in North America.

Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG) announces its entry into the Belgian market with its gaming content now live on Napoleon Sports and Casino. This launch follows a licence acquisition last year, aligning Bragg with the largest operator in Belgium's online casino sector. The Belgian online casino market was valued at US$395 million in 2022, presenting significant growth opportunities for Bragg. The partnership with Napoleon is a strategic move in Bragg's expansion strategy, emphasizing their commitment to delivering high-quality gaming experiences.

Bragg Gaming Group (NASDAQ: BRAG) has launched its proprietary content and technology with DraftKings (NASDAQ: DKNG) in New Jersey, expanding its North American presence. The new offerings include titles like Egyptian Magic and Fairy Dust from Bragg's Atomic Slot Lab studio. This rollout follows a successful launch in Michigan and continues the collaboration between Bragg and DraftKings. H2 Gambling Capital forecasts the NJ interactive casino market to generate $1.8 billion in Gross Win for 2023. Bragg aims to enhance player engagement through its Remote Game Server technology, marking a significant milestone in its growth strategy.