Tuesday, February 16, 2021 9:02:57 PM
Found this on their news link at https://www.bragg.games/press-releases-1/2021/1/27/bragg-gaming-provides-corporate-update-in-advance-of-graduation-to-toronto-stock-exchange
Gaming technology provider accelerates its expansion into U.S. and Canadian iGaming markets
TORONTO, Jan. 26, 2021 (GLOBE NEWSWIRE) -- Bragg Gaming Group (TSXV: BRAG, OTC: BRGGF) ("Bragg" or the "Company") announced today that the Company is accelerating its expansion into the U.S. and Canadian iGaming markets.
Bragg’s recent completion of a number of its strategic objectives, including:
The Company’s recently completed acquisition and earn-out of ORYX Gaming
Transformation of the Company’s balance sheet from liabilities of circa C$50.0M to currently more than C$40.0M of cash upon the anticipated full conversion of accelerated warrants;
Strengthening of the board of directors with the recent additions of Richard Carter and Paul Godfrey;
Graduation to the Toronto Stock Exchange on Wednesday, January 27, 2021
have created a strong foundation for the company to accelerate its expansion into the burgeoning U.S. and Canadian markets. The Company is increasing its investment in its technology, regulatory/compliance and business development teams to ensure that it is optimally positioned to capture new U.S. and Canadian revenue streams. Bragg intends to launch their cutting-edge B2B iGaming technology platform and casino content aggregator in all states that permit iGaming, with the intent of building a leadership position in the B2B space. The Company is currently in the process of applying for B2B supplier licenses in New York and New Jersey. Bragg’s growth strategy is predicated on filing for B2B supplier licenses in all other states where iGaming is regulated and in Canada once legislation permits.
“Our successful achievement of the key objectives we set earlier in 2020 has allowed us to move ahead with our global plans more quickly than we’d anticipated,” said Adam Arviv, CEO of Bragg Gaming. “We’re now focused on growing in two vital areas – quickly building share in the surging U.S. B2B gaming market, while also leveraging our significant success in European and Latin American markets by diversifying our offering in our key jurisdictions.”
Bragg is also focusing on building scale and growing market share in worldwide casino markets, particularly in its stronghold E.U., through an augmented and diversified product offering. Bragg is in the process of applying for various European B2B supplier licenses, most notably the U.K. Gambling Commission. The Company is enhancing its content base through leading studios, growing its existing Sportsbook and Lottery products, expanding into new products, such as instant-win, and enhancing its iGaming platform services. Bragg is also heightening its focus on local market regulatory compliance where it offers B2B services.
The Company also provided a trading update today. Revenue for FY 2020 was ahead of management expectations with adjusted EBITDA expected to hit the higher end of the range. The outlook for FY 2021 for revenue remains unchanged (C$73.5M) with adjusted EBITDA of C$6.4M, with the change in EBITDA reflecting the Company’s commitment for significant investment within FY 2021 to focus on U.S. and Canadian growth and expansion. Bragg will continue to update on its progress in its upcoming FY 2020 financial reporting in March, 2021
Good luck.
Recent BRAG News
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/28/2024 11:12:55 AM
- Bragg Gaming Expands Partnership with Caesars Digital to Pennsylvania and Ontario • Business Wire • 08/20/2024 12:00:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/08/2024 11:00:17 AM
- Bragg Gaming Group Announces Record Second Quarter 2024 Revenue of EUR 24.9 Million (USD 26.6 Million) • Business Wire • 08/08/2024 11:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/29/2024 10:03:11 AM
- Bragg Gaming Group to Release Second Quarter 2024 Results on August 8 • Business Wire • 07/25/2024 12:00:00 PM
- Form SC 13D - General Statement of Acquisition of Beneficial Ownership • Edgar (US Regulatory) • 07/10/2024 01:14:53 PM
- Bragg Gaming Full Turnkey Solution Powers Hard Rock Casino Brand in The Netherlands • Business Wire • 07/02/2024 12:05:00 PM
- Bragg Gaming Group Announces Results From Annual Meeting of Shareholders • Business Wire • 07/02/2024 12:00:00 PM
- Bragg Gaming Continues U.S. Expansion With BetMGM Pennsylvania Content Launch • Business Wire • 06/26/2024 12:00:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 06/14/2024 01:46:18 PM
- Bragg Gaming Continues Global Expansion, Powers Kingsbet.cz Launch with an End-to-End iGaming Solution • Business Wire • 06/14/2024 12:00:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 06/03/2024 09:29:52 PM
- Bragg Gaming Appoints Robbie Bressler as Interim Chief Financial Officer • Business Wire • 06/03/2024 08:30:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/09/2024 11:00:36 AM
- Bragg Gaming Group First Quarter Revenue Rises 4.2% to EUR 23.8 Million (USD 25.6 Million) • Business Wire • 05/09/2024 11:00:00 AM
- Bragg Gaming Appoints Renowned iGaming Executive Neill Whyte Chief Commercial Officer • Business Wire • 05/01/2024 12:00:00 PM
- Bragg Announces US$7 Million Secured Note Financing • Business Wire • 04/26/2024 08:30:00 PM
- Bragg Gaming Group to Release First Quarter 2024 Results on May 9 • Business Wire • 04/26/2024 12:00:00 PM
- Bragg Gaming and Light & Wonder Agree to an International Distribution Deal • Business Wire • 04/22/2024 12:00:00 PM
- Bragg Gaming Announces Resignation of Chief Financial Officer • Business Wire • 04/05/2024 09:00:00 PM
- U.S. Index Futures on the Rise, Oil Prices Show Stability • IH Market News • 03/26/2024 11:21:42 AM
- Bragg Gaming Reports Fourth Quarter and Full Year 2023 Financial Results, Confirms Formation of Special Committee • Business Wire • 03/26/2024 11:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 03/07/2024 03:16:27 PM
- Bragg Gaming Group to Release Fourth Quarter and Full Year 2023 Results on March 26 • Business Wire • 03/07/2024 01:00:00 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM