Bragg Archives - Keno Wizard https://kenowizard.com/tag/bragg/ The Ultimate Keno Destination for Odds, Tips & Tricks Thu, 09 May 2024 10:39:08 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.1 https://i0.wp.com/kenowizard.com/wp-content/uploads/2023/02/cropped-keno-wizard-icon.png?fit=32%2C32&ssl=1 Bragg Archives - Keno Wizard https://kenowizard.com/tag/bragg/ 32 32 230792155 Bragg Gaming Partners with Sisal for Slots Expansion in Italy https://kenowizard.com/2024/05/09/bragg-gaming-partners-with-sisal-for-slots-expansion-in-italy/ https://kenowizard.com/2024/05/09/bragg-gaming-partners-with-sisal-for-slots-expansion-in-italy/#respond Thu, 09 May 2024 10:39:08 +0000 https://kenowizard.com/2024/05/09/bragg-gaming-partners-with-sisal-for-slots-expansion-in-italy/ Bragg Gaming Group has taken a significant step in the Italian gambling market by announcing the launch of its proprietary slot content, now certified for Italy, with Sisal, a leading Italian operator in online casino, sports betting, and lottery. This partnership marks a notable advancement in Bragg’s strategy to cement its presence in Italy’s vibrant [...]

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Bragg Gaming Group has taken a significant step in the Italian gambling market by announcing the launch of its proprietary slot content, now certified for Italy, with Sisal, a leading Italian operator in online casino, sports betting, and lottery. This partnership marks a notable advancement in Bragg’s strategy to cement its presence in Italy’s vibrant gambling sector.

Strategic Content Deployment

bragg_gaming_supercharges_italian_growth_with_sisal_online_slots-_content_deal_The deal will see Sisal incorporate numerous high-performing slot titles from Bragg’s studios, Atomic Slot Lab and Indigo Magic. Among the included games are “Egyptian Magic,” “Fairy Dust,” and “Cai Fu Emperor Ways” from Atomic Slot Lab, along with “Sevens & Suns,” “Alpha Gold,” and “Phoenix Fury” from Indigo Magic. These games are noted for their innovative features, themes, and mechanics inspired by popular land-based casino slots in North America, tailored for the online environment.

Bragg’s Atomic Slot Lab studio is renowned for integrating insights from successful land-based slots to craft a new generation of online content. On the other hand, Indigo Magic focuses on creating games that adhere to the latest best practices in game development, while also considering local preferences and trends to produce next-generation gaming content.

Localized for the Italian Market

All games delivered to the Italian market through Sisal will be distributed via Bragg’s Remote Gaming Server (RGS), a platform licensed and certified to operate in over 25 regulated markets worldwide. This content rollout is part of Bragg’s ongoing content distribution agreement with Microgame, initially established in March 2022.

Since its entrance into the Italian market in 2023, Bragg has localized and certified over 45 online casino games in the region. This portfolio includes contributions from both Bragg’s in-house studios and its Powered By Bragg partners, significantly enriching the local gaming landscape.

Stefano Santagostino, Associate Product Manager at Sisal, expressed enthusiasm about the collaboration, stating, “We’re excited to be able to offer our players exclusive content from Bragg Gaming for the first time. Having the latest impactful online slots are a must for Sisal as we look to springboard growth in the Italian market.”

Karl Grech, Head of Business Development at Bragg, also commented on the strategic partnership: “We’re committed to launching proprietary and exclusive online casino content with leading operators in the largest regulated markets in the world, and our agreement with Sisal concerning Italy underlines the success we are having in pursuing this approach.”

The Growing Italian iGaming Market

According to recent data from H2 Gambling Capital, Italy’s total online gambling market is expected to grow by over 16% year-on-year in 2024, reaching $3.4 billion. Casino gaming gross gambling revenue (GGR) alone is forecast to increase by 18% to $3.1 billion. This growth makes Italy the second largest regulated iGaming market in Europe after the UK.

Amidst these expansions, Italy is revising its regulatory framework under the ‘Reorganization of Gambling’ decree. This revision includes an increase in license fees for online gambling, which are set to rise to €7 million for a nine-year license, up from €200,000 since 2018. Additionally, new technical requirements will mandate player-imposed limits on gameplay, and Italy’s ADM regulator will gain enhanced powers to tackle unlicensed online gambling activities.

Source: “Bragg Gaming Supercharges Italian Growth with Sisal Online Slots Content Deal”. Bragg Group. May 7, 2024.

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Bragg Powers Superbet in Brazil with Online Casino Game Aggregation https://kenowizard.com/2023/12/23/bragg-powers-superbet-in-brazil-with-online-casino-game-aggregation/ https://kenowizard.com/2023/12/23/bragg-powers-superbet-in-brazil-with-online-casino-game-aggregation/#respond Sat, 23 Dec 2023 14:38:18 +0000 https://kenowizard.com/2023/12/23/bragg-powers-superbet-in-brazil-with-online-casino-game-aggregation/ The leading provider of iGaming solutions, content and technology, powering online and land-based gambling operators, Bragg Gaming Group, announced a new partnership focused on the gambling sector in Brazil. On Thursday, the company revealed it joined forces with Superbet, agreeing to deliver its aggregation platform for the operator. Besides going live with its aggregation platform, [...]

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The leading provider of iGaming solutions, content and technology, powering online and land-based gambling operators, Bragg Gaming Group, announced a new partnership focused on the gambling sector in Brazil. On Thursday, the company revealed it joined forces with Superbet, agreeing to deliver its aggregation platform for the operator.

Besides going live with its aggregation platform, Bragg agreed to deliver third-party content for Superbet. In addition, the iGaming content and solutions supplier agreed to deliver titles from its proprietary portfolio, including games from its in-house studios, Indigo Magic and Atomic Slot Lab.

Ultimately, the new collaboration is expected to solidify Bragg’s presence in Brazil, a market that is estimated to hold significant potential. The announced deal comes ahead of the country’s much-anticipated gambling reform that may result in the regulation of online gambling, as well as online sports betting.

If lawmakers in the country continue their efforts, Brazil may become a major iGaming and betting market as early as 2024. Despite the efforts so far, earlier this month, Brazil’s Senate greenlighted sports betting but turned down online gambling after a majority of 37 members voted against iGaming and only 27 votes were in favor of the activity.

The Deal Brings Excitement to the Two Companies

Adam Shaw, Superbet’s chief revenue officer, spoke about the potential of the gambling sector in Brazil. He explained that once the market opens for licensed operators, the company anticipates offering supreme online gambling experiences. Finally, Shaw said: “Bragg’s aggregation platform supplies us with a diverse portfolio of proprietary and exclusive content as well as games from the industry’s most popular providers and we are thrilled to partner with them in Brazil.”

We have already seen tremendous growth with Superbet through aggregation partnerships in several countries, and this Brazilian launch is another important milestone which throws a spotlight on Bragg’s position as a leading supplier in this fast-growing iGaming market.

Matej Nemec, commercial director at Bragg Gaming Group

Matej Nemec, Bragg’s commercial director, revealed that the new collaboration with Superbet builds upon a successful business relationship between the two companies from several other markets. Moreover, he explained that the latest launch in Brazil strengthened Bragg’s position in the country and reaffirmed its role as a go-to supplier for the iGaming vertical.

Last but not least, Nemec pointed out: “We offer a wide portfolio of casino content that has already proven popular with local audiences in LatAm, and this partnership will further our ambitious growth plans for the region which will be a key focus for us in 2024.”

Previously, Bragg and Superbet collaborated for different markets across Europe. At the time, Bragg agreed to power the gaming operator’s brands in Belgium, as well as Serbia.

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Bragg Gaming Group Lands Important Agreement With Sportium! https://kenowizard.com/2023/12/08/bragg-gaming-group-lands-important-agreement-with-sportium/ https://kenowizard.com/2023/12/08/bragg-gaming-group-lands-important-agreement-with-sportium/#respond Fri, 08 Dec 2023 18:00:48 +0000 https://kenowizard.com/2023/12/08/bragg-gaming-group-lands-important-agreement-with-sportium/ Bragg Gaming, a reputable name on the online gambling scene, announces the live launch of its casino content with Sportium, a prominent entity under the umbrella of CIRSA. This milestone represents a significant expansion for Bragg in the vibrant Spanish market, unlocking a world of gaming possibilities for Sportium players. Content Goes Live Bragg Gaming’s foray into the [...]

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Bragg Gaming, a reputable name on the online gambling scene, announces the live launch of its casino content with Sportium, a prominent entity under the umbrella of CIRSA.

This milestone represents a significant expansion for Bragg in the vibrant Spanish market, unlocking a world of gaming possibilities for Sportium players.

Content Goes Live

bragg-gaming-goes-live-in-spain-with-sportiumBragg Gaming’s foray into the Spanish market gains momentum with the live integration of its casino content on Sportium’s platform. As a CIRSA-owned entity, Sportium stands as a formidable player in the Spanish gaming arena. The launch is proof of Bragg’s desire to present Sportium players with a diverse gaming experience, featuring a blend of the supplier’s proprietary casino content and curated games from third-party providers.

Sportium players now have an expanded gaming horizon at their fingertips. Bragg’s casino content portfolio, carefully crafted for diverse player preferences, takes center stage. This includes a rich selection of its exclusive titles, coupled with a curated assortment of games sourced from third-party providers. The amalgamation promises a gaming extravaganza, offering Sportium players a diverse and captivating array of options.

Mexico and Colombia on the Horizon

As the casino content goes live with Sportium in Spain, Bragg sets its sights on future horizons. The strategic partnership extends beyond the Spanish borders, with plans for further rollouts in Mexico and Colombia. This forward-looking approach positions Bragg as a key player in the global gaming landscape, poised for continued growth and market infiltration.

The live launch of Bragg’s casino content marks a strategic thrust into the heart of the Spanish gaming realm. This partnership not only broadens its market footprint but also promises Sportium players an enriched and immersive gaming experience.

Matej Nemec, Commercial Director at Bragg Gaming Group, commented: “The collaboration with Sportium is an important one for us as we continue our global expansion, with Spain a key market today, and LatAm a crucial part of our future growth trajectory. Sportium is a trusted operator with decades of experience and a strong brand and we are thrilled to add our popular titles to its online casino in Spain and regulated markets in LatAm.”

Source: ”Bragg Gaming Goes Live In Spain With Sportium”. Gaming Intelligence. December 5, 2023.

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Bragg Gaming Extends PAM Deal with Entain’s BetCity.nl Brand https://kenowizard.com/2023/11/08/bragg-gaming-extends-pam-deal-with-entains-betcity-nl-brand/ https://kenowizard.com/2023/11/08/bragg-gaming-extends-pam-deal-with-entains-betcity-nl-brand/#respond Wed, 08 Nov 2023 00:08:51 +0000 https://kenowizard.com/2023/11/08/bragg-gaming-extends-pam-deal-with-entains-betcity-nl-brand/ Bragg Gaming Group announced an extension of its PAM (player account management) provision agreement with Entain. Under the extended deal, the former company will continue to supply the latter party’s Dutch iGaming brand, BetCity.nl, with its proprietary player account management platform. The deal has been extended until 2025 and will allow BetCity.nl to continue to [...]

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Bragg Gaming Group announced an extension of its PAM (player account management) provision agreement with Entain. Under the extended deal, the former company will continue to supply the latter party’s Dutch iGaming brand, BetCity.nl, with its proprietary player account management platform.

The deal has been extended until 2025 and will allow BetCity.nl to continue to use Bragg’s content and product delivery services on an exclusive basis for as long as the PAM agreement lasts. As a result, the provider will roll out its proprietary, exclusive and aggregated casino content on BetCity.nl.

In addition, Bragg will supply a selection of sports betting products to the online operator, helping it further engage Dutch audiences.

That is not all, however, as Bragg Gaming will also integrate content from several new iGaming supplier, providing an extra boost to the Entain-owned brand’s portfolio in the Netherlands.

This announcement comes a few weeks after Bragg Gaming Group also extended its Pennsylvania-facing deal with Internet Vikings.

Bragg Gaming Is Glad to Be a Leading Supplier in the Netherlands

Bragg Gaming Group’s chairman and chief executive officer,  Matevž Mazij, commented on the extended deal with BetCity.nl. He praised the Entain-owned brand’s strong market position, noting that his team’s partnership with the company has been very successful so far.

We are pleased to extend our agreement to supply our PAM, proprietary, third-party exclusive and aggregated content to their players until 2025, during which time we are also prepared to work with the BetCity.nl team on a potential migration of the brand to Entain’s proprietary platform.

Matevž Mazij, chair & CEO, Bragg Gaming Group

CEO Mazij concluded that his team is looking forward to “powering the continued success of BetCity.nl.” The executive promised to continue enhancing Bragg’s content and product offering for the Dutch market. He noted that his company is proud to be a leading iGaming supplier in the Netherlands.

Meanwhile, Entain’s recently published Q3 results sparked investor confidence in the company. As a result, US mutual fund company Dodge & Cox has more than doubled its stake in the gaming group. This has cemented the fund’s position as one of Entain’s top shareholders, second only to The Capital Group Companies.

In other news, the company recently reinforced its board by naming the experienced Amanda Brown as a non-executive director.

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Bragg Gaming Announces its Presence at SiGMA Europe 2023 https://kenowizard.com/2023/11/06/bragg-gaming-announces-its-presence-at-sigma-europe-2023/ https://kenowizard.com/2023/11/06/bragg-gaming-announces-its-presence-at-sigma-europe-2023/#respond Mon, 06 Nov 2023 14:08:07 +0000 https://kenowizard.com/2023/11/06/bragg-gaming-announces-its-presence-at-sigma-europe-2023/ Bragg Gaming Group, the Canadian company which provides software, services and content for iGaming operators from all around the world, has announced its presence at SiGMA Europe 2023, an industry event which will take place in Malta between November 13 and November 17. The company announced that at the event it will present its vast [...]

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bragg-is-attending-the-sigma-europe,-malta-2023-Bragg Gaming Group, the Canadian company which provides software, services and content for iGaming operators from all around the world, has announced its presence at SiGMA Europe 2023, an industry event which will take place in Malta between November 13 and November 17.

The company announced that at the event it will present its vast content portfolio, delivered by its five in-house gaming studios, along with third-party casino games designed by suppliers which are part of the “Powered by Bragg” program. Bragg Gaming Group will also introduce “Fuze”, a cross-vertical engagement toolset which can be employed both for online casinos and sportsbooks.

The Mother of All Conferences

SiGMA Europe is described by its organizers as “the mother of all conferences” in the iGaming industry because of its enormous scale and magnitude. This year the event will host over 25,000 delegates from over 800 sponsors and exhibitors and will feature 250 different speakers.

The event will also feature a brand new venue, three times larger than the one that hosted the event last year, eight sports networking events, two cultural tours, over 35 networking dinners and daily networking drinks. Moreover, people in the industry will be able to have fun and build connections at the eight parties which will be organized during the event.

The conference will also reward the best people and companies in the industry during two awards nights, one for business-to-business awards and the other for business-to-consumer awards.

A Supplier with an International Reach

Bragg Gaming Group started out in Toronto, Canada, back in 2004, but since then it has expanded all over the world, with offices in Las Vegas and Reno in the United States, London, Ljubljana, Malta and even Chennai in India.

The supplier is currently licensed and operational in several regulated iCasino markets around the world, including American states such as New Jersey, Pennsylvania and Michigan, the Canadian province of Ontario, the United Kingdom, Italy, the Netherlands, Germany, Sweden, Spain, Malta and Colombia.

The company mainly offers proprietary content for online casinos from its in-house brands: Wild Streak Gaming, Spin Games, Atomic Slot Lab, Indigo Magic and Oryx Gaming. However, Bragg Gaming has also crafted the “Powered By Bragg”, giving smaller studios the chance to build games on the company’s remote games server technology and benefit from its content delivery platform.

Source: “Bragg is attending the SiGMA Europe, Malta 2023“. Bragg Gaming Group. November 3, 2023.

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Internet Vikings Supplies Hosting Services to Bragg Gaming in Pennsylvania https://kenowizard.com/2023/10/17/internet-vikings-supplies-hosting-services-to-bragg-gaming-in-pennsylvania/ https://kenowizard.com/2023/10/17/internet-vikings-supplies-hosting-services-to-bragg-gaming-in-pennsylvania/#respond Tue, 17 Oct 2023 18:42:52 +0000 https://kenowizard.com/2023/10/17/internet-vikings-supplies-hosting-services-to-bragg-gaming-in-pennsylvania/ Internet Vikings and Bragg Gaming Group have expanded their existing relationship, now teaming up in Pennsylvania. This will provide significant opportunities to both companies while allowing Bragg Gaming Group to “solidify its presence” and “seize the substantial potential in this market.” The two parties first joined forces in November 2022 when Internet Vikings supplied its [...]

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Internet Vikings and Bragg Gaming Group have expanded their existing relationship, now teaming up in Pennsylvania. This will provide significant opportunities to both companies while allowing Bragg Gaming Group to “solidify its presence” and “seize the substantial potential in this market.”

The two parties first joined forces in November 2022 when Internet Vikings supplied its backup services to Bragg in New Jersey. Thanks to Internet Vikings’ high-quality services, the agreement quickly proved beneficial to both companies, prompting the current expansion.

Internet Vikings will thus provide Bragg Gaming Group’s business in Pennsylvania with its robust services. Under the agreement, Internet Vikings will provide Bragg Gaming with a hosting solution designed to accommodate its aggregator services and the RGS of its local subsidiary, Spin Games.

The provided solutions will be hosted on the Internet Vikings’ VMware hosting platform. According to the official announcement, they have been tailored to Bragg Gaming’s specific needs and encompass two distinct hosting environments, both on the Internet Vikings cloud.

Internet Vikings’ solutions are currently available in 23 states. The company operates from 27 data centers, providing its iGaming and sports betting customers with state-of-the-art housing solutions. Earlier this year, the company expanded to North Carolina and Kentucky, further reinforcing its extensive US reach.

The Two Parties Are Confident about the Deal

Representatives expressed their companies’ excitement about the partnership with Rickard Vikstrӧm, Internet Vikings’ chief executive officer, saying that he is pleased to extend the deal. Vikstrӧm added expressed his confidence about the benefits Internet Vikings’ hosting services will provide to Bragg Gaming Group.

I am confident that our hosting solutions will provide Bragg Gaming Group with the optimal infrastructure required to successfully launch and thrive within this market.

Rickard Vikstrӧm, CEO, Internet Vikings

Peter Lavrič, Bragg Gaming Group’s chief technology officer, also commented on the matter, expressing his delight about the partnership. He lauded Internet Vikings’ experience, saying that it is certain to benefit Bragg’s business in the Keystone State.

Their expertise in delivering customized hosting solutions perfectly aligns with our development plans in Pennsylvania, and we eagerly anticipate our collaborative success.

Peter Lavrič, CTO, Bragg Gaming

Bragg Gaming Group recently teamed up with the American casino giant Caesars Entertainment, agreeing to supply the company with an exclusive slot game called Lady Luck Casino Egyptian Magic. The title is now exclusively available to players of players at Caesars Palace Online Casino in New Jersey and Michigan.

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Bragg Releases Caesars Online Exclusive Slot in Two States https://kenowizard.com/2023/09/16/bragg-releases-caesars-online-exclusive-slot-in-two-states/ https://kenowizard.com/2023/09/16/bragg-releases-caesars-online-exclusive-slot-in-two-states/#respond Sat, 16 Sep 2023 08:42:57 +0000 https://kenowizard.com/2023/09/16/bragg-releases-caesars-online-exclusive-slot-in-two-states/ The global business-to-business gaming technology platform provider, Bragg Gaming, has launched Lady Luck Casino Egyptian Magic Slot, a custom-made, exclusive game intended for players at Caesars Palace Online Casino in New Jersey and Michigan.  The name of the game is an interesting combination of Bragg and Caesars aesthetics that reunites the provider’s imagery and gameplay [...]

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The global business-to-business gaming technology platform provider, Bragg Gaming, has launched Lady Luck Casino Egyptian Magic Slot, a custom-made, exclusive game intended for players at Caesars Palace Online Casino in New Jersey and Michigan

The name of the game is an interesting combination of Bragg and Caesars aesthetics that reunites the provider’s imagery and gameplay from Egyptian Magic with Caesars Entertainment’s Lady Luck Casino brand. 

The game is actually an adaptation of Bragg Gaming’s iconic Egyptian Magic slot but which now encompasses fresh visuals promoting the Lady Luck brand. 

While the official press releases from Caesars and Bragg Gaming do not offer any details and images related to the new game, it is implied that no significant gameplay changes have been brought to the original game, other than the integration of the Lady Luck brand elements.

Lady Luck Casino Egyptian Magic Metrics Overview

  • Reels: 5
  • Rows: 3
  • Paylines: 50 
  • RTP: 95,50%
  • Max win: 4,900x 
  • Bet: min: 0.25, max: 100
  • Volatility: Medium 
  • Release date: September 13, 2023

Bragg Gaming, Rooting for “Many More Successful Releases” on Caesars Palace Online Casino

The group’s chief operating officer for Americas, Kunal Mishra, spoke about the exciting release in partnership with their “valued partners at Caesars Digital” that is supporting their commitment to introducing the highest quality content to US players.

Mishra also commented on the way they successfully managed to deliver “an even richer portfolio of online casino games” to Caesars Digital players from Michigan and New Jersey since the official launch with their freshest RGS technology in the past months. 

Accordingly, the COO said that he was looking forward to “many more successful releases on Caesars Palace Online Casino” as the group will keep launching fresh gaming portfolios from Bragg Studios and their Powered by Bragg partners.

In July, the group announced forging a historical global distribution partnership with 888 Holdings, further reinforcing the pre-existing agreement between the two parties. 

Bragg Content Resonates Well with Caesars Digital’s Database of Players 

As explained by Caesars Digital’s senior vice president of iGaming, Matt Sunderland, Lady Luck Casino Egyptian Magic is an excellent addition to their roster of custom games that their players can exclusively access at Caesars Palace Online Casino.

Since Caesars is already familiar with the positive manner in which Bragg Gaming’s content is received by its players, the new custom-made is expected to rapidly turn into a “player favorite.”

For players who are not already accustomed to the original game, the action is set against Ancient Egypt’s popular pyramids and counts 50 win lines. The game encompasses two special features. 

When at least six Respin Orb symbols are seen landing during random spins in the base game, they engage the Respin Feature. The latter gives players the opportunity to scoop up Credits and Jackpopts with a one-of-a-kind upgrade feature. 

The same Respin Orbs symbols can also pop up during the Free Games round. Only Michigan and New Jersey players who are over 21 are allowed to download the Caesars Palace Online Casino app on their Android and iOS devices or visit the caesarspalaceonline.com platform to play the game.

In August, Bragg Gaming recorded two major events with the launch of its games in the UK via Unibet and the expansion of its content in Ontario thanks to a collaboration with bet365. 

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Bragg Gaming Group Names Mazij CEO as Sherman Steps Down https://kenowizard.com/2023/08/28/bragg-gaming-group-names-mazij-ceo-as-sherman-steps-down/ https://kenowizard.com/2023/08/28/bragg-gaming-group-names-mazij-ceo-as-sherman-steps-down/#respond Mon, 28 Aug 2023 21:26:13 +0000 https://kenowizard.com/2023/08/28/bragg-gaming-group-names-mazij-ceo-as-sherman-steps-down/ Bragg Gaming Group, which just teamed up with bet365 in Ontario, announced the appointment of its board of directors chair, Matevž Mazij, as chief executive officer. Effective immediately, the move will see Mazij replace the outgoing Yaniv Sherman. In addition to chairing Bragg Gaming’s board, Mazij is also the company’s largest stakeholder, the announcement noted. [...]

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Bragg Gaming Group, which just teamed up with bet365 in Ontario, announced the appointment of its board of directors chair, Matevž Mazij, as chief executive officer. Effective immediately, the move will see Mazij replace the outgoing Yaniv Sherman.

In addition to chairing Bragg Gaming’s board, Mazij is also the company’s largest stakeholder, the announcement noted. He is also the founder of Oryx Gaming, the company’s original PAM, aggregation and RGS gaming tech platform. For reference, Oryx was acquired by Bragg Gaming back in 2018.

In the meantime, Sherman will step down from his position. His departure follows an evaluation of Bragg Gaming’s board. The replacement thus seeks to “ensure optimal alignment of the best interests of the company and its stakeholders.”

Mazij Is Well-Suited to Lead Bragg Gaming

Holly Gagnon, lead independent director of Bragg’s board, commented on the leadership change. She thanked Sherman for his exceptional leadership, commitment and contributions to the company, wishing him all the best.

In the meantime, Gagnon promised that the board will continue to support Bragg Gaming’s senior management team as it continues to executive profitable and growth-oriented initiatives. Gagnon added that her team is certain Mazij has the needed experience and vision to further Bragg’s growth and help it generate shareholder value.

We are confident that as the founder and visionary of Oryx Gaming, the combination of Matevž’ significant industry experience and deep knowledge of Bragg with the Company’s experienced senior leadership team favorably positions Bragg to continue successfully executing on our key strategic objectives and serve our valued customers and partners with excellence.

Holly Gagnon, lead independent director, Bragg Gaming Group

Mazij Hopes to Bring New Perspectives

Mazij also expressed his thoughts on his new appointment. Having served the company’s board for several years, he said that he is glad to return to an operational role and promised to lead Bragg toward “continued top-line and cash flow growth.

Bragg possesses many opportunities to further grow our scale of operations across North America, Europe and evolving global regulated iGaming markets.

Matevž Mazij, CEO, Bragg Gaming Group

Mazij concluded that he is looking forward to working with the company’s senior management and team members to “bring fresh perspectives” to the company.

In other news, Bragg recently launched its games with Unibet in the United Kingdom, following a launch with FanDuel in Michigan and Connecticut.

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Bragg Gaming Posts An 18.9% Increase in Profits During 2Q23 https://kenowizard.com/2023/08/15/bragg-gaming-posts-an-18-9-increase-in-profits-during-2q23/ https://kenowizard.com/2023/08/15/bragg-gaming-posts-an-18-9-increase-in-profits-during-2q23/#respond Tue, 15 Aug 2023 09:26:43 +0000 https://kenowizard.com/2023/08/15/bragg-gaming-posts-an-18-9-increase-in-profits-during-2q23/ Recently, Bragg Gaming Group, a B2B provider of content-based iGaming technology based in Toronto, Canada, revealed its financial results for 2Q23, which officially ended on June 30 of this fiscal year, where it showed that its income grew by 18.9% to an incredible €24.7 million. However, it also adjusted its profits and Adjusted EBITDA growth [...]

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bragg-gaming-group-second-quarter-revenue-rises-18.9-to-record-24.7-millionRecently, Bragg Gaming Group, a B2B provider of content-based iGaming technology based in Toronto, Canada, revealed its financial results for 2Q23, which officially ended on June 30 of this fiscal year, where it showed that its income grew by 18.9% to an incredible €24.7 million. However, it also adjusted its profits and Adjusted EBITDA growth targets for the entire fiscal year 2023.

Additionally, on August 10, the provider held a conference call where the main topic was earnings from the second quarter of the specified year and a replay of the said call will be accessible till August 17.

Outline of 2023 operational and financial peaks

As Bragg reports its earnings in EUR, the table below shows that gross revenue rose 18.9% to €13.8 million, which is roughly USD $15.2 million, compared to €11.6 million during 2022, which further represents a gross income margin of 55.9%. The Adjusted EBITDA then increased by 51.3% to €4.7 million compared to €3.1 million during the second quarter of 2022, showing an Adjusted EBITDA margin of 19.2% compared to 15.1% during the same quarter in 2022.

Furthermore, betting income collected from games and additional content provided by the firm grew by 31.2% to €5.5 billion in comparison to €4.2 billion generated in 2022, the net profit for the 2Q23 was €0.4 million which is an increase compared to €0.1million in 2Q22.

In terms of operations, total revenue was €5.2 million, cash and cash equivalents as at June 30, 2023, were €10.7 million and net working capital, excluding deferred payments, was €8.3 million.

Euros (millions) (1) 2Q23 2Q22 Change
Revenue €24.7 €20.8 18.9%
Gross Profit €13.8 €11.6 18.9%
Gross Profit Margin 55.9% 55.9% 0 bps
Adjusted EBITDA(2) €4.7 €3.1 51.3%
Adjusted EBITDA margin 19.2% 15.1% 410 bps
Wagering Revenue €5.5 B €4.2 B 31.2%

(1) Bragg’s reporting currency is the Euro, as mentioned above. The quoted exchange rate is EUR €1.00 = USD $1.10. Due to fluctuating currency exchange rates, this reference rate is provided for convenience only;
(2) Adjusted EBITDA is the Company’s non-IFRS measure.

Commenting on the increase in profits during the said quarter, Yaniv Sherman, CEO of Bragg, said: “Bragg’s initiatives to focus the business to be a leading content-driven iGaming B2B provider combined with disciplined expense management, resulted in record second quarter operating results. Second quarter revenue and gross profit both rose nearly 19% year over year to €24.7 million (USD $27.2 million) and €13.8 million (USD $15.2 million), respectively, while Adjusted EBITDA increased more than 50% to €4.7 million (USD $5.2 million). These results reflect, in part, our continued shift towards a revenue mix of higher-margin products including in-house created proprietary and exclusive third-party content, turn-key Player Account Management (“PAM”) and managed services partnerships. The mix shift helped drive a 410-basis point improvement in our Adjusted EBITDA margin to 19.2%, an all-time quarterly record.

“During the second quarter we further advanced our efforts to scale the global distribution of our proprietary and exclusive third-party content. We continue to grow our distribution in North America as in the first six months of this year we launched our proprietary and exclusive third-party content across seven operators in three North American markets. We are similarly focused on expanding our presence in Europe as we launched with ten operators in five European markets in the same time frame, including now being live with nearly all of the operators in Switzerland and having the leading PAM in the Netherlands. With our successes on this front, we continue to accelerate our new game launches, with 30 new proprietary or third-party exclusive games introduced globally in the first half of the year, and up to 40 additional new games expected to be introduced by year end. The growing distribution of our new games to new partners demonstrates the significant value and engagement of our content as well as our progress in transforming Bragg into a must-have content supplier for leading global iGaming operators.

With significant and ongoing progress on our key strategic initiatives Bragg is positioned to deliver further year over revenue and cash flow growth in the second half of 2023 and beyond. Our balance sheet and strong cash flow has us well capitalized to execute on our growth initiatives. We are confident we have the right strategies and infrastructure in place to continue fortifying our position as a leading B2B iGaming content provider and that our business momentum will create new value for our shareholders.”

What’s more, in addition to sustaining business momentum during the first half of 2023 and ongoing talks regarding the long-term optimization of crucial customer alliances, Bragg also updated its 2023 full year revenue guidance range to €95-97 million and its full year Adjusted EBITDA to €15.5-16.5 million.”

Crucial business events during the second quarter

Throughout the aforementioned second quarter of 2023, Bragg may boast of having achieved many important goals, such as:

  • New content and RGS technology went live with Rush Street Interactive in Pennsylvania, with FanDuel in Michigan and Connecticut, and with WynnBet in New Jersey;
  • Entered into new global distribution agreements with Tier 1 operators 888 Holdings and PokerStars (Flutter):
  • These agreements will expand the reach of Bragg’s content in leading European markets such as the UK, Italy, Portugal, Spain, Denmark, Sweden and in the U.S. in New Jersey, Michigan and Pennsylvania;
  • Launched for the first time in the Eurasian territory of Georgia with Adjarabet;
  • Expanded Switzerland and Spain reach with six new customers;
  • Since April 1, 2023, the Company has made four monthly cash payments to Lind Global Fund II LP (Lind”) in the aggregate amount of USD $2.0 million, in lieu of conversion into common shares, avoiding further dilution. The total outstanding balance of the convertible security as of August 10, 2023, is USD $6.0 million;
  • Bragg expects to utilize cash flow from operations to make similar monthly cash payments to further reduce the Lind convertible security.”

Source: “Bragg Gaming Group Second Quarter Revenue Rises 18.9% to Record €24.7 Million”. Bragg Gaming Group Official. August 10, 2023.

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Bragg Gaming and FanDuel Expand the Deal to Two New States https://kenowizard.com/2023/08/02/bragg-gaming-and-fanduel-expand-the-deal-to-two-new-states/ https://kenowizard.com/2023/08/02/bragg-gaming-and-fanduel-expand-the-deal-to-two-new-states/#respond Wed, 02 Aug 2023 17:14:50 +0000 https://kenowizard.com/2023/08/02/bragg-gaming-and-fanduel-expand-the-deal-to-two-new-states/ Bragg Gaming, one of the leading content-driven iGaming technology providers in the industry, decided to strengthen its position in the U.S. market. The company partnered up with the famous FanDuel in two states, Michigan and Connecticut. North American expansion This deal means the players from Michigan and Connecticut will be able to enjoy some of [...]

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Bragg Gaming, one of the leading content-driven iGaming technology providers in the industry, decided to strengthen its position in the U.S. market. The company partnered up with the famous FanDuel in two states, Michigan and Connecticut.

North American expansion

bragg_gaming_content_available_to_fanduel_players_in_michigan_and_connecticut_This deal means the players from Michigan and Connecticut will be able to enjoy some of the most popular Bragg games, produced in the company’s studios Atomic Slot Lab, Indigo Magic, and Spin Games. Besides the original Bragg titles, the players will get access to the most popular titles created by third-party developers throughout the Powered by Bragg program.

Two renowned companies already have a history when it comes to collaboration on the North American continent. They already joined the forces in Ontario and New Jersey, allowing the players to enjoy Bragg’s impressive Spin Games portfolio.

Yaniv Sherman, the CEO of Bragg Gaming, said: “We are focused on increasing our North American presence by providing leading iGaming operators with our newest engaging games, which we expect will help deliver consistent, long-term growth. As such, the rollout of our new proprietary and third-party exclusive games and technology with FanDuel in Michigan and Connecticut is a significant proof point of the success of our new U.S. content roadmap.”

He added that Bragg’s team is very excited about the expansion of the already successful partnership. This new launch will allow Bragg to make its content available to a wide range of FanDuel fans and customers, and, on the other hand, FanDuel will be able to offer its customers premium content which will also help the company increase player engagement and retention.

Increased popularity

The North American expansion benefits the value of Bragg’s shares as well. Reportedly, an increase of 2.92% is recorded in the shares of Bragg Gaming Group Inc. It is CAD$7.06 per share in Toronto, according to the latest information.

Bragg Gaming is famous for its content for both online and land-based casinos all over the world. The company offers its services to various online and omnichannel casinos, as well as sportsbooks and lottery brands. The company’s impressive partners network includes the names such as BetMGM, Bally’s, Caesars, Entain, LeoVegas, and many more renowned companies from the industry.

On the other hand, FanDuel’s portfolio consists of various sportsbooks, fantasy sports games, as well as a wide range of table games and slots. Currently, this company is an ultimate leader when it comes to the U.S. market.

Source: “Bragg Gaming Goes Live With Fanduel In Michigan And Connecticut”, Gaming Inteligence.  August 1, 2023

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