Bragg Gaming (NASDAQ: BRAG) cuts 12% of staff and extends Entain PAM deal

Rhea-AI Filing Summary

Bragg Gaming Group Inc. reported a strategic restructuring and the extension of a key commercial agreement. The company plans to cut approximately 12% of its global workforce, expecting about EUR 1.0 million in restructuring costs tied to personnel-related terminations in the first quarter of 2026 and targeting roughly EUR 4.5 million in annualized cash savings from staff reductions and other measures. Management states that this move is intended to improve the company’s overall cost structure, support EBITDA growth and shorten the path to sustained net profitability.

Separately, Bragg extended its Player Account Management agreement with Entain Plc, under which BetCity.nl will continue using Bragg’s PAM platform, casino content and sports betting products in the Netherlands for at least five months, through May 31, 2026. The company also cautions that these plans involve forward-looking statements subject to a range of operational, regulatory, market and execution risks.

Insights

Equity analyst – gaming & digital services

Bragg pairs cost-cutting with a short-term Entain extension, balancing savings and execution risk.

Bragg Gaming is implementing a strategic restructuring that reduces about 12% of its global workforce. The company expects roughly EUR 1.0 million of personnel-related restructuring costs in Q1 2026 and around EUR 4.5 million in annualized cash savings from staff reductions and other initiatives. Management links these actions to improving the cost structure, supporting EBITDA growth and accelerating the timeline to sustained net profitability.

While the targeted savings look meaningful relative to the one-time cost, there is typical execution risk around restructuring, including potential operational disruption and the ability to maintain product and service quality after headcount cuts. The company explicitly frames these outcomes as forward-looking and subject to broader risks such as competition, regulatory changes, technology disruptions and macroeconomic conditions.

On the commercial side, the extension of the PAM agreement with Entain means BetCity.nl will continue to use Bragg’s PAM platform, casino content and sports betting delivery products in the Netherlands for at least five months, until May 31, 2026. This provides short-term revenue visibility from that relationship, but the limited minimum term means longer‑term contribution from this client will depend on future agreements and renewals.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE
SECURITIES EXCHANGE ACT OF 1934

For the month of January, 2026

Commission File Number: 001-40759

Bragg Gaming Group Inc.

(Translation of registrant's name into English)

130 King Street West, Suite 1955

Toronto, Ontario M5X 1E3

Canada

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ¨ Form 40-F x

DOCUMENTS FILED AS PART OF THIS FORM 6-K

Exhibit		Description
99.1		Material Change Report, dated January 16, 2026

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	BRAGG GAMING GROUP INC.
Date: January 20, 2026
	By:	/s/ Robert Bressler
	Name:	Robert Bressler
	Title:	Chief Financial Officer

Exhibit 99.1

FORM 51-102F3

MATERIAL CHANGE REPORT

1. Name and Address of Corporation

Bragg Gaming Group Inc. (the “Company”)

130 King Street West, Suite 1955

Toronto, Ontario M5X 1A4

2. Date of Material Change

January 8, 2026 and January 9, 2026

3. News Release

News releases dated January 8, 2026 and January 9, 2026 were issued by the Company through the facilities of Business Wire and were subsequently filed on the System for Electronic Data Analysis and Retrieval (SEDAR+) at www.sedarplus.ca under the Company’s profile.

4. Summary of Material Change

On January 8, 2026, the Company announced a strategic restructuring, including staff reductions, designed to realign the organization and thereby improve its overall cost structure, drive its EBITDA growth, and shorten the time required for it to achieve sustained net profitability.

On January 9, 2026, the Company announced the extension of its Player Account Management (“PAM”) agreement (the “PAM Agreement”) with Entain Plc (“Entain”).

5.1 Full Description of Material Change

On January 8, 2026, the Company announced a strategic restructuring, including staff reductions, designed to realign the organization and thereby improve its overall cost structure, drive its EBITDA growth, and shorten the time required for it to achieve sustained net profitability.

Following the restructuring, the Company will reduce approximately 12% of its global workforce. The Company expects to incur restructuring costs of approximately EUR 1.0 million associated with personnel-related termination costs in the first quarter of 2026, and it anticipates annualized cash savings from its staff reductions and other restructuring efforts to be approximately EUR 4.5 million.

On January 9, 2026, the Company announced the extension of the PAM Agreement with Entain.

Pursuant the PAM Agreement, BetCity.nl will continue to utilize the Company’s proprietary PAM platform, exclusive and aggregated online casino content, and sports betting delivery products in the Netherlands for a period of at least five (5) months, until May 31, 2026.

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5.2 Disclosure for Restructuring Transactions

Not applicable.

6. Reliance on Subsection 7.1(2) or (3) of National Instrument 51-102

Not applicable.

7. Omitted Information

Not applicable.

8. Executive Officer

Robbie Bressler, the Chief Financial Officer of the Company may be contacted at investors@bragg.group .

9. Date of Report

January 16, 2026

Cautionary Statement Regarding Forward-Looking Information

This material change report contains forward-looking statements or “forward-looking information” within the meaning of applicable Canadian securities laws (“forward-looking statements”), including, without limitation, statements regarding the plans, objectives and expectations of management with respect to the Company, including the Company’s anticipated cost savings from its strategic restructuring; the Company’s EBITDA growth; the Company’s ability to achieve sustained profitability; and the Company’s partnership with Entain.

Forward-looking statements are provided for the purpose of presenting information about management’s current expectations and plans relating to the future and allowing readers to get a better understanding of the Company’s anticipated financial position, results of operations, and operating environment. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or describes a “goal”, or variation of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved.

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All forward-looking statements contained in this material change report reflect the Company’s beliefs and assumptions based on information available at the time the statements were made. Actual results or events may differ from those predicted in these forward-looking statements. All of the Company’s forward-looking statements are qualified by the assumptions that are stated or inherent in such forward-looking statements, including, without limitation, the assumptions listed below. Although the Company believes that these assumptions are reasonable, this list is not exhaustive of factors that may affect any of the forward-looking statements. The key assumptions that have been made in connection with the forward-looking statements include the regulatory regime governing the business of the Company; the operations of the Company; the products and services of the Company; the Company’s customers; the growth of the Company’s business; meeting minimum listing requirements of the stock exchanges on which the Company’s shares trade; the integration of technology; and the anticipated size and/or revenue associated with the gaming market globally. Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the following: risks related to the Company’s business and financial position; that the Company may not be able to execute on its partnership agreements; risks associated with general economic conditions; adverse industry events; future legislative and regulatory developments; the inability to access sufficient capital from internal and external sources; the inability to access sufficient capital on favorable terms; realization of growth estimates, income tax and regulatory matters; the ability of the Company to implement its business strategies; competition; economic and financial conditions, including volatility in interest and exchange rates, commodity and equity prices; changes in customer demand; disruptions to our technology network including computer systems and software; natural events such as severe weather, fires, floods and earthquakes; any disruptions to operations as a result of the strategic restructuring review process; risks related to health pandemics and the outbreak of communicable diseases; and other factors described under “Risk Factors” in the Company’s annual information form and the current interim and annual management’s discussion and analysis. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events, or otherwise, except in accordance with applicable securities laws. All of the forward-looking information in this material change report is qualified by the cautionary statements herein.

FAQ

What strategic changes did Bragg Gaming Group (BRAG) announce?

Bragg Gaming announced a strategic restructuring that includes staff reductions intended to realign the organization, improve its cost structure, support EBITDA growth and shorten the time needed to achieve sustained net profitability.

How many jobs is Bragg Gaming Group (BRAG) cutting and why?

The company plans to reduce approximately 12% of its global workforce. Management states this is designed to improve the overall cost structure, help drive EBITDA growth and accelerate the path to sustained net profitability.

What financial impact does Bragg Gaming expect from the restructuring?

Bragg expects to incur about EUR 1.0 million in personnel-related restructuring costs in the first quarter of 2026 and anticipates approximately EUR 4.5 million in annualized cash savings from staff reductions and other restructuring efforts.

What did Bragg Gaming disclose about its agreement with Entain?

Bragg announced an extension of its Player Account Management (PAM) agreement with Entain Plc. Under this extension, BetCity.nl will continue using Bragg’s PAM platform, exclusive and aggregated online casino content, and sports betting delivery products in the Netherlands.

How long will BetCity.nl continue using Bragg Gaming’s PAM platform?

Under the extended PAM agreement with Entain, BetCity.nl will continue to use Bragg’s PAM platform and related products in the Netherlands for a period of at least five months, until May 31, 2026.

What risks does Bragg Gaming highlight regarding these plans?

The company notes that its expectations for cost savings, EBITDA growth, sustained profitability and the performance of its partnership with Entain are forward-looking and subject to risks, including business and financial risks, regulatory changes, competition, technology disruptions, macroeconomic conditions and potential disruptions linked to the restructuring process.