Announcement • May 05
Bragg Gaming Group Inc. to Report Q1, 2026 Results on May 14, 2026 Bragg Gaming Group Inc. announced that they will report Q1, 2026 results Pre-Market on May 14, 2026 Announcement • Apr 14
Bragg Gaming Group Inc., Annual General Meeting, Jun 18, 2026 Bragg Gaming Group Inc., Annual General Meeting, Jun 18, 2026. Location: ontario, Canada Announcement • Mar 19
Bragg Gaming Group Inc Announces Board Changes Bragg Gaming Group Inc. announced the appointment of Thomas Winter to its Board of Directors. Mr. Winter succeeds Kent Young, who has retired from the Board. Both changes to the Bragg Board are effective immediately. Mr. Winter brings deep knowledge of and experience in the iGaming and wagering industry. Currently a Board Member of Rush Street Interactive, which through its brands, BetRivers, PlaySugarHouse and RushBet, was an early entrant in several regulated jurisdictions, Mr. Winter began his career in the gaming sector nearly two decades ago and has since established himself as a leader in the field. In 2013, he founded Golden Nugget Online Gaming (GNOG), where he served as President. Under his leadership, GNOG became a top online gaming operator in New Jersey, achieving significant market share and recognition, went public and was later successfully sold for over $1.5 billion to DraftKings, where he developed their multi-brand online casino strategy and led their online casino business until September 2023. Before founding GNOG, he was the CEO and director of Betclic, a major European online sports betting and gaming operator, and Expekt, a pioneer brand in the online gaming industry, within the Betclic Group. Mr. Winter played a key role as COO at both businesses before being appointed CEO. Announcement • Mar 06
Bragg Gaming Group Inc. to Report Q4, 2025 Results on Mar 19, 2026 Bragg Gaming Group Inc. announced that they will report Q4, 2025 results Pre-Market on Mar 19, 2026 Announcement • Mar 03
Bragg Gaming Group Inc. Announces Executive Changes, Effective March 3, 2026 Bragg Gaming Group Inc. announce the appointment of Morten Tonnesen as its new Chief Operating Officer and the promotion of Garrick Morris to the position of Executive Vice President of Global Content, U.S. & Canada on March 3, 2026. These immediate management changes emphasize Bragg's strategic focus on aggressively scaling and expanding the high-margin content business globally, especially throughout the U.S. and Canada. This global content business demonstrated significant growth, increasing by 76% in Q4-2025 compared to Q4-2024 and achieving 69% growth for the full year 2025 compared to 2024. This growth is supported by the acceleration of the "Bragg AI Brain" initiative and the company's future presence in key emerging markets, such as Historical and Live Racing and Prediction markets. The organizational realignment represents the necessary final steps following the structural cost changes announcedin January 2026. As Chief Operating Officer, Mr. Tonnesen's mandate includes driving operational leverage and implementing Bragg's ambitious artificial intelligence ("AI") transformation. The goal of this transformation is to establish Bragg as an AI-First company by 2027. This transition is supported by specific 2027 objectives: ensuring AI-Enhanced Products are standard in over 90% of new launches and integrating AI into more than three-quarters of Bragg's operational workflows. Mr. Tonnesen brings over 17 years of progressive leadership experience in the iGaming, sports betting and technology sectors. He is recognized for his expertise in scaling complex businesses, driving cost efficiencies and operational excellence, and successfully executing high-impact initiatives to expand into new markets and achieve profitable growth. Before joining Bragg, Mr. Tonnesen served as Chief Growth Officer at Xtremepush, a leading provider of AI-powered CRM and loyalty marketing. Prior to his role at Xtremepush, which he joined in 2024, he was Chief Commercial Officer at Shape Games, an award-winning digital B2B platform and service provider for the iGaming industry, which was subsequently sold to Kambi. Earlier in his career, he co-founded and successfully exited the sports betting operator BetWarrior, now a major player in LatAm. He also spent six years in various roles at PokerStars. Mr. Tonnesen holds a Bachelor of Science in General Economics and a Master of Science in Strategy, Management, and Organisation from Copenhagen Business School. Mr. Morris first joined Bragg as Senior Vice President Commercial for the U.S. & Canada in 2024. In an iGaming management career spanning more than 15 years, before joining Bragg, he served as Chief Operating Officer at Digital Gaming Corporation, Operations Manager at Microgaming, and IT Platforms Manager at Derivco. Mr. Morris has a Bachelor of Economics from Stellenbosch University. Announcement • Feb 24
Bragg Gaming Group Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year Ended December 31, 2025 and Full Year Ending December 31, 2026 Bragg Gaming Group Inc. provided earnings guidance for the fourth quarter and full year ended December 31, 2025 and full year ending December 31, 2026. Fourth quarter 2025 revenues to be approximately EUR 27.7 million, an increase of 1.8% from EUR 27.2 million in the fourth quarter of 2024.
Full year 2025 revenues to be approximately EUR 106.1 million, an increase of 4.0% from EUR 102.0 million in 2024.
Revenue for the year ended December 31, 2026 is expected to be in the range of EUR 97.0 million to EUR 104.5 million, despite Bragg anticipating that it will have to continue navigating increasingly complex regulatory compliance requirements and recent tax changes in the Netherlands and other regions in which the Company operates. Announcement • Jan 09
Bragg Gaming Further Extends PAM Agreement with Entain Bragg Gaming Group Inc. announced the extension of its existing Player Account Management agreement with Entain Plc for BetCity.nl, a leading Dutch market operator. Pursuant to the latest Player Account Management agreement extension, BetCity.nl will continue to utilize Bragg’s proprietary Player Account Management platform, exclusive and aggregated online casino content, and sports betting delivery products in the Netherlands for a period of at least five months, until May 31, 2026. The latest Player Account Management extension agreement is intended to support a potential migration of the brand to Entain’s proprietary platform. Announcement • Jan 08
Bragg Gaming Group Announces Strategic Restructuring to Reduce Cost Structure and Improve Operating Performance Bragg Gaming Group 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, Bragg will reduce approximately 12% of its global workforce. The Company expects to incur restructuring costs related to this action 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. Bragg noted this amount does not include the expected positive impact of its recently announced initiative to utilize artificial intelligence to drive cost efficiencies and improve operational excellence. The core of Bragg's strategic overhaul centers on an ambitious AI transformation plan, targeting an AI-First company by 2027. The plan is underpinned by clear 2027 targets, including ensuring an AI-Enhanced Product becomes standard in over 90% of all launches and having more than three-quarters of Bragg's operational workflows impacted by AI. Announcement • Nov 13
Bragg Gaming Group Inc. Re-Iterates Earnings Guidance for the Full Year 2025 Bragg Gaming Group Inc. re-iterated earnings guidance for the full year 2025. For the year The company anticipates full year 2025 revenue between €106.0 million and €108.5 million. Announcement • Oct 30
Bragg Gaming Group Inc. to Report Q3, 2025 Results on Nov 13, 2025 Bragg Gaming Group Inc. announced that they will report Q3, 2025 results Pre-Market on Nov 13, 2025 Announcement • Aug 14
Bragg Gaming Group Inc. Revises Earnings Guidance for the Full Year 2025 Bragg Gaming Group Inc. revised earnings guidance for the full year 2025. Previously, the Company anticipated double-digit growth in revenue for the full year of 2025 which was driven by a strategic focus on expanding in regulated markets, growing proprietary and exclusive content portfolio, and continuing momentum in growth markets such as the U.S. and LatAm. The Company’s focus is on cash flow, integration and margin and as such, while the strategy remains the same, the areas of attention and focus have shifted. The full year 2025 guidance has been revised to reflect higher gaming taxes and market softness in the Netherlands and headwinds in Brazil, as well as broader market conditions impacting key regulated markets. The Company now anticipates full year 2025 revenue between EUR 106.0 million and EUR 108.5 million. Announcement • Jul 24
Bragg Gaming Group Inc. to Report Q2, 2025 Results on Aug 14, 2025 Bragg Gaming Group Inc. announced that they will report Q2, 2025 results Pre-Market on Aug 14, 2025 Announcement • Jul 08
Bragg Gaming Group Appoints Luka Pataky as Executive Vice President (EVP) of AI and Innovation Bragg Gaming Group announced the appointment of Luka Pataky as Executive Vice President (EVP) of AI and Innovation. In his new role, Pataky will work closely with Bragg’s technology teams to develop a 360° AI strategy, integrating AI into product development and design, user experience, external communications, safer gambling initiatives and internal processes to drive growth and efficiency. This strategic leadership addition comes as part of Bragg’s commitment to the leveraging of data, advanced analytics and powerful AI to enhance user experience, player engagement, maximize revenue potential, and drive smarter, more efficient iGaming operations. Luka Pataky boasts a strong pedigree in AI and technology, with over a decade of experience at Sportradar, a company at the forefront of sports data and content. His tenure at Sportradar culminated in his role as Senior Vice President for Automated Content, where he spearheaded an initiative from its inception to a production-ready, scalable system that ended up powering over 300,000 sports events per year with a team of over 70. In this leadership position, he was instrumental in revolutionizing sports content creation through AI, Computer Vision, and Deep Learning, successfully bringing real-time data collection solutions to production, being the driving force behind integrating acquired tech businesses, thereby turning advanced technology into significant business value through the optimization of operating costs and business efficiencies. Prior to his SVP role, Pataky played a key role in establishing Sportradar's innovation unit, a hub for pioneering new ideas, implementing processes that enabled faster experimentation and fostering a culture of rapid prototyping and testing. As part of this, he also led the team responsible for scaling Sportradar's startup program and forging strategic innovation partnerships with universities and innovation labs. In his multiple innovation-based roles, he demonstrated a consistent focus on leveraging AI and data analysis to identify and develop new product opportunities and strategic initiatives. His extensive experience across these leadership roles highlights his proven ability to lead large, cross-functional teams, manage complex technological advancements, and strategically integrate new ventures, underscoring his expertise in driving growth and innovation within the technology sector. Known globally for its iGaming content and technology solutions, Bragg has consistently championed the integration of artificial intelligence technology across its business model, as typified by the introduction of an AI-powered Games Recommendation System into its Fuze marketing and promotional toolset. Announcement • Jul 02
Bragg Gaming Group Inc. Expands U.S. Content Footprint with Fanatics Casino Tri-State Launch Bragg Gaming Group Inc. announced the launch of its newest games and Remote Gaming Server (RGS) technology with Fanatics Casino across New Jersey, Michigan and Pennsylvania. Fanatics Casino is America's fastest growing online casino and is available in Michigan, New Jersey, Pennsylvania and West Virginia on iOS, Android and desktop. Players are invited to dive into a world of thrills as Fanatics Casino brings the casino floor directly to a customer's fingertips, whether on-the-go or in front of a computer. Players can explore a wide array of classic and modern casino games, including slots, blackjack, roulette, progressive jackpots and video poker. This expansion is the latest step in Bragg's drive to deliver engaging and game-changing content to players across the North American market. The launch supports Bragg Gaming's strategic goals by accelerating the growth of utilization of Bragg's exclusive and proprietary content, and the diversification of revenue through expansion into North American markets. Announcement • Jun 05
Bragg Appoints Scott Milford as Executive Vice President, Group Content Bragg announced the appointment of Scott Milford as Executive Vice President, Group Content. Scott Milford brings more than 25 years of experience driving game innovation and studio success at major gaming brands including Aristocrat Leisure Limited, Konami Group, and Aruze Gaming. In his new role, he will lead strategy, development, and delivery across Bragg’s acclaimed in-house studios—Wild Streak Gaming, Atomic Slot Lab, and Indigo Magic—and guide relationships with top-tier partner developers through the Powered by Bragg program. Scott Milford served as President and Managing Director of Aristocrat’s social casino division Product Madness, and most recently was Chief Product Officer for Aristocrat-owned free-to-play games operator Pixel United. Prior to Aristocrat, Milford also held senior roles with Aruze Gaming Australia and Konami Gaming Australia. Scott Milford will be based at Bragg’s Las Vegas Office. Announcement • May 27
Bragg Gaming Group Inc. Announces Launch of the Latest Gamification-Led Innovation to Its Fuze Marketing and Promotional Toolset, Big Ticket Bonanza Bragg Gaming Group announced the launch of the latest gamification-led innovation to its award-winning Fuze™? marketing and promotional toolset, Big Ticket Bonanza, a new way to engage with players through multiple targeted and bespoke campaigns. Big Ticket Bonanza rewards players with guaranteed-win scratchcards, triggered randomly during normal gameplay (for example while playing a slot game). The scratchcards award instant cash prizes or raffle tickets, which are collected and entered into weekly or monthly prize draws. Players collect tickets by wagering on participating casino games. The more they engage with the game, the more tickets they earn--boosting engagement without disrupting the core gaming experience. The tool supports both weekly and monthly draws, giving operators flexibility in structuring prize pools and maintaining consistent momentum. Ticket counters update dynamically within the game interface or external campaign widgets, reinforcing progress and encouraging continued participation. Offering a totally branded experience, campaigns are fully customizable to reflect the operator's branding, including logos, color schemes, and thematic design elements. At all points Big Ticket Bonanza offers fair and transparent draws, backed by secure RNG-based draw mechanisms that ensure compliance and fairness, with exportable logs for auditing. Players can access their ticket counts, prize history, via an in-play dedicated display. The Big Ticket Bonanza gamified player engagement campaign aims to boost player engagement and session time, while increasing wagering volume. It also provides a scalable promotion for both short bursts and longer-term brand events. Bragg is targeting an aggressive roll-out strategy for Big Ticket Bonanza across its operational markets in Europe, the U.S. and the LatAm region, opening up new opportunities for growth globally. Launched with valued partner Senator Group in Croatia, which operates on the Bragg player account management ("PAM") platform, Big Ticket Bonanza is now available to all of Bragg's casino content, aggregation and PAM partners and presents a huge opportunity to engage with players. Big Ticket Bonanza joins an ever expanding and constantly updated list of player engagement tools accessible through the Fuze™? player engagement toolset. Unlike static promotions, Fuze™? engagement mechanics adapted dynamically to player behaviour, ensuring continuous participation. Other tools available within Fuze™? include tournaments with real-time leaderboards, quests, flash jackpots, sophisticated bonusing, free rounds and a games recommendation system powered by cutting-edge AI technology. Announcement • May 01
Bragg Gaming Group Inc. to Report Q1, 2025 Results on May 15, 2025 Bragg Gaming Group Inc. announced that they will report Q1, 2025 results Pre-Market on May 15, 2025 Announcement • Apr 15
Bragg Gaming Group Inc., Annual General Meeting, Jun 17, 2025 Bragg Gaming Group Inc., Annual General Meeting, Jun 17, 2025. Location: ontario, toronto United States Announcement • Mar 20
Bragg Gaming Group Inc. Reiterates Earnings Guidance for the Year Ended December 31, 2025 Bragg Gaming Group Inc. reiterated earnings guidance for the year ended December 31, 2025. Revenue for the year ended December 31, 2025, is expected to reach between EUR 117.5 million and EUR 123.0 million, representing double digit growth compared to 2024. 2025e guidance (midpoint) projects revenue increasing by 17.9% to EUR 120.25 million. Announcement • Mar 08
Bragg Gaming Group Inc. to Report Q4, 2024 Results on Mar 20, 2025 Bragg Gaming Group Inc. announced that they will report Q4, 2024 results Pre-Market on Mar 20, 2025 Announcement • Jan 29
Bragg Gaming Group Inc. Provides Earnings Guidance for the Full Year 2024 and Year Ended December 31, 2025 Bragg Gaming Group Inc. provided earnings guidance for the full year 2024 and year ended December 31, 2025. For the year 2024, the company expects the financial results to include the following highlights: Revenue not less than EUR 102 million, an increase of 9% from EUR 93.5 million for 2023.
For the year 2025. Revenue Guidance: Revenue is expected to reach between EUR 117.5 million and EUR 123.0 million, representing double digit growth compared to the Company’s anticipated 2024 revenue. Reported Earnings • Nov 17
Third quarter 2024 earnings released: €0.007 loss per share (vs €0.13 loss in 3Q 2023) Third quarter 2024 results: €0.007 loss per share (improved from €0.13 loss in 3Q 2023). Revenue: €26.2m (up 16% from 3Q 2023). Net loss: €165.0k (loss narrowed 94% from 3Q 2023). Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. New Risk • Nov 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Shareholders have been diluted in the past year (10% increase in shares outstanding). Market cap is less than US$100m (€71.8m market cap, or US$75.6m). Announcement • Nov 15
Bragg Gaming Group Inc. Reiterates Earnings Guidance for the Full Year 2024 Bragg Gaming Group Inc. reiterated earnings guidance for the full year 2024. For the year, the company reiterates its 2024 full year revenue guidance range of EUR 102.0 million to EUR 109.0 million (USD 114.2-122.1 million). Announcement • Oct 31
Bragg Gaming Group Inc. to Report Q3, 2024 Results on Nov 14, 2024 Bragg Gaming Group Inc. announced that they will report Q3, 2024 results Pre-Market on Nov 14, 2024 Buy Or Sell Opportunity • Aug 16
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 25% to €4.28. The fair value is estimated to be €5.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 47%. Revenue is forecast to grow by 14% in a year. Earnings are forecast to grow by 60% in the next year. Reported Earnings • Aug 09
Second quarter 2024 earnings released: €0.10 loss per share (vs €0.017 profit in 2Q 2023) Second quarter 2024 results: €0.10 loss per share (down from €0.017 profit in 2Q 2023). Revenue: €24.9m (flat on 2Q 2023). Net loss: €2.40m (down €2.78m from profit in 2Q 2023). Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • Jul 25
Bragg Gaming Group Inc. to Report Q2, 2024 Results on Aug 08, 2024 Bragg Gaming Group Inc. announced that they will report Q2, 2024 results Pre-Market on Aug 08, 2024 Announcement • Jun 26
Bragg Gaming Group Continues U.S. Expansion with BetMGM Pennsylvania Content Launch Bragg Gaming Group announced the launch of its newest games and Remote Game Server (RGS) technology with BetMGM in Pennsylvania. This marks the third state in which Bragg content is live with BetMGM, following earlier launches including in Michigan in 2022 and New Jersey in 2023 respectively. BetMGM players in Pennsylvania can now enjoy popular titles such as ‘Egyptian Magic’ and ‘Fairy Dust’ from Bragg’s Atomic Slot Lab proprietary content studio with further titles set to follow. Players will soon gain access to content from Bragg’s Las Vegas-based proprietary content studio Wild Streak Gaming, as well as titles from multiple exclusive content partners under the Powered By Bragg program including King Show Games and Sega Sammy Creation. This expansion underscores Bragg's commitment to delivering innovative and engaging content to players across North America. All online casino games delivered on Bragg’s new RGS technology come with the Company’s Fuze promotional tools, which offer player engagement features on games such as free rounds, tournaments and quests. Announcement • Jun 05
Bragg Gaming Group Inc. Appoints Robbie Bressler as Interim Chief Financial Officer, Effective July 1, 2024 Bragg Gaming Group announced the appointment of Robbie Bressler as interim Chief Financial Officer, effective July 1, 2024. Bressler brings a wealth of experience to the role, previously holding senior finance positions, including SVP Finance, at Bally's Corporation, Gamesys Group plc, and The Intertain Group Ltd. He is currently serving as CFO of ForumPay Ltd., a crypto payment processing company. He began his career at Ernst & Young, where he spent over a decade in their financial services assurance group. Buy Or Sell Opportunity • Jun 04
Now 21% undervalued Over the last 90 days, the stock has risen 22% to €5.75. The fair value is estimated to be €7.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 65%. Revenue is forecast to grow by 13% in a year. Earnings are forecast to grow by 47% in the next year. Buy Or Sell Opportunity • May 14
Now 21% undervalued Over the last 90 days, the stock has risen 11% to €5.65. The fair value is estimated to be €7.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 65%. Revenue is forecast to grow by 13% in a year. Earnings are forecast to grow by 29% in the next year. Announcement • May 10
Bragg Gaming Group Inc. Reiterates Revenue Guidance for the Full Year 2024 Bragg Gaming Group Inc. reiterated revenue guidance for the full year 2024. For the year, the company reiterated its 2024 full year revenue guidance range of EUR 102.0-109.0 million (USD 109.7-117.2 million). Reported Earnings • May 09
First quarter 2024 earnings released: €0.081 loss per share (vs €0.022 loss in 1Q 2023) First quarter 2024 results: €0.081 loss per share (further deteriorated from €0.022 loss in 1Q 2023). Revenue: €23.8m (up 4.2% from 1Q 2023). Net loss: €1.90m (loss widened 300% from 1Q 2023). Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Announcement • May 01
Bragg Gaming Appoints Neill Whyte as Chief Commercial Officer, Effective 1St May 2024 Bragg Gaming Group announced that Neill Whyte has been appointed as Chief Commercial Officer (CCO), effective 1st May 2024, establishing a new global commercial structure at the Company and bolstering its leadership team. Whyte brings over 18 years of experience in the iGaming sector, most recently in the role of Chief Commercial Officer at Digital Gaming Corporation’s (DGC), B2B iGaming Division. After joining DGC in early 2020, he was responsible for the commercially successful launch and growth of its content distribution business in the United States. Prior to joining DGC, Whyte held multiple positions in the gaming industry including as Head of Business Development at Isle of Man-based iGaming specialist Apricot Investments, as Board Member at Swedish iGaming product and Lottery content distributor Genera Networks, and in various senior roles over eleven years at leading iGaming content supplier Microgaming, including as Head of Product Channels. In his new role with Bragg, Whyte will be tasked with leading the Company’s global commercial teams to drive growth across all of the Company’s product verticals which include proprietary online casino content from its Atomic Slot Lab, Indigo Magic and Wild Streak Gaming studios, exclusive content from content partners, HUB a leading casino content aggregation platform, Fuze™ player engagement, as well as its award-winning player account management (‘PAM) platform and turnkey solutions. Announcement • Apr 28
Bragg Gaming Group Inc. to Report Q1, 2024 Results on May 09, 2024 Bragg Gaming Group Inc. announced that they will report Q1, 2024 results Pre-Market on May 09, 2024 Reported Earnings • Mar 26
Full year 2023 earnings released: €0.17 loss per share (vs €0.16 loss in FY 2022) Full year 2023 results: €0.17 loss per share (further deteriorated from €0.16 loss in FY 2022). Revenue: €93.5m (up 10% from FY 2022). Net loss: €3.84m (loss widened 10% from FY 2022). Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 8.5% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Breakeven Date Change • Mar 26
Forecast breakeven date pushed back to 2025 The 8 analysts covering Bragg Gaming Group previously expected the company to break even in 2024. New consensus forecast suggests the company will make a profit of €4.84m in 2025. Average annual earnings growth of 106% is required to achieve expected profit on schedule. Announcement • Mar 08
Bragg Gaming Group Inc. to Report Q4, 2023 Results on Mar 26, 2024 Bragg Gaming Group Inc. announced that they will report Q4, 2023 results Pre-Market on Mar 26, 2024 Buy Or Sell Opportunity • Jan 29
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 22% to €4.70. The fair value is estimated to be €3.75, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 88%. New Risk • Nov 24
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risk Shareholders have been diluted in the past year (7.7% increase in shares outstanding). Announcement • Nov 11
Bragg Gaming Group Inc. Announces Resignation of Lara Falzon as President and Chief Operating Officer Bragg Gaming Group Inc. announced that President and Chief Operating Officer, Lara Falzon, has provided notice that she will resign from her positions, effective December 31, 2023. Ms. Falzon will remain actively involved in the day-to-day operations of the Company until this date. Announcement • Nov 10
Bragg Gaming Group Inc. Reiterates Earnings Guidance for the Full Year 2023 Bragg Gaming Group Inc. reiterated earnings guidance for the full year 2023. For the year, the company reiterated its 2023 full year revenue guidance range of €95 million to €97 million ($100.7 million to $102.8 million). Reported Earnings • Nov 10
Third quarter 2023 earnings released: €0.13 loss per share (vs €0.091 loss in 3Q 2022) Third quarter 2023 results: €0.13 loss per share (further deteriorated from €0.091 loss in 3Q 2022). Revenue: €22.6m (up 8.0% from 3Q 2022). Net loss: €2.95m (loss widened 48% from 3Q 2022). Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Nov 03
Bragg Gaming Group Launches New Content Portfolio with BetMGM in New Jersey Bragg Gaming Group announced that it has launched its new content and Remote Game Server (RGS) technology with BetMGM in New Jersey. Egyptian Magic from Bragg’s Atomic Slot Lab studio is now available to BetMGM’s New Jersey customers with further titles from the Company’s proprietary games studios and partner studios under its ‘Powered by Bragg’ program expected to roll out in the coming weeks. The content rollout is powered by the launch of Bragg’s new RGS technology with BetMGM. Through the launch of Bragg’s new content with BetMGM in New Jersey, the Company has extended an existing collaboration with a leading operator in North America. Bragg also provides iGaming content for BetMGM players in Michigan and Pennsylvania. According to H2 Gambling Capital, the interactive casino market in New Jersey is on track to generate USD 1.8 billion in Gross Win in 2023. Announcement • Oct 28
Bragg Gaming Group Inc. to Report Q3, 2023 Results on Nov 09, 2023 Bragg Gaming Group Inc. announced that they will report Q3, 2023 results Pre-Market on Nov 09, 2023 New Risk • Oct 05
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 8.4% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.4% average weekly change). Minor Risk Shareholders have been diluted in the past year (6.9% increase in shares outstanding). Announcement • Aug 29
Bragg Gaming Group Announces CEO Changes Bragg Gaming Group Inc. announced the Board of Directors (the “Board”) has appointed Matevž Mazij, Chairman of the Board, as Chief Executive Officer, effective immediately. Mr. Mazij, Bragg’s shareholder and the founder of Oryx Gaming, the Company's original PAM, aggregation and RGS gaming technology platforms, which was acquired by Bragg in 2018, takes over as CEO for Yaniv Sherman, who stepped down. The change was made following a thorough evaluation by the Board and to ensure the optimal alignment of the best interests of the company and its stakeholders. Buying Opportunity • Aug 28
Now 21% undervalued Over the last 90 days, the stock is up 60%. The fair value is estimated to be €6.11, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Earnings per share has grown by 82%. Announcement • Aug 18
Bragg Gaming Group Extends Content Rollout in Ontario Following Launch with Bet365 Bragg Gaming Group announced that it has launched its new content and Remote Game Server technology with bet365 in Ontario. The launch expands the reach of the Company's newBragg Studios proprietary content in Ontario and demonstrates Bragg's continued progress with its North American expansion initiative. Proprietary content from Bragg Studios - including Fairy Dust from Atomic Slot Lab and Sea of Plenty from Indigo Magic - as well as new, exclusive premium titles from the Company's Powered by Bragg portfolio - including Devices Lock from Blueberi - is now available for bet365 customers in Ontario. All of Bragg's proprietary and exclusive content is delivered to bet365 players via its RGS technology. Breakeven Date Change • Aug 13
Forecast breakeven date pushed back to 2024 The 8 analysts covering Bragg Gaming Group previously expected the company to break even in 2023. New consensus forecast suggests losses will reduce by 71% to 2023. The company is expected to make a profit of €3.95m in 2024. Average annual earnings growth of 112% is required to achieve expected profit on schedule. Announcement • Aug 11
Bragg Gaming Group Inc. Provides Earnings Guidance for the Full Year of 2023 Bragg Gaming Group Inc. provided earnings guidance for the full year of 2023. For the year, the company expects revenue to be in the range of €95 million to €97 million or USD 104.5 million to USD 106.7 million. Reported Earnings • Aug 11
Second quarter 2023 earnings released: EPS: €0.017 (vs €0.004 in 2Q 2022) Second quarter 2023 results: EPS: €0.017 (up from €0.004 in 2Q 2022). Revenue: €24.7m (up 19% from 2Q 2022). Net income: €377.0k (up 319% from 2Q 2022). Profit margin: 1.5% (up from 0.4% in 2Q 2022). Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Announcement • Jul 25
Bragg Gaming Group Inc. to Report Q2, 2023 Results on Aug 10, 2023 Bragg Gaming Group Inc. announced that they will report Q2, 2023 results Pre-Market on Aug 10, 2023 Board Change • Jul 02
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 1 experienced director. No highly experienced directors. Chair of the Board Matevz Mazij is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Jun 24
Bragg Gaming Group Inc. Announces Board Appointments Bragg Gaming Group Inc. at its annual and special meeting of shareholders held on June 22, 2023, elected Kent Young, Don Robertson and Ron Baryoseph as directors of the Company. Recent Insider Transactions • Jun 19
Independent Director recently bought €72k worth of stock On the 15th of June, Mark Clayton bought around 25k shares on-market at roughly €2.87 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €703k more in shares than they bought in the last 12 months. Recent Insider Transactions • Jun 12
Vice Chairman of the Board recently sold €544k worth of stock On the 6th of June, Matevz Mazij sold around 200k shares on-market at roughly €2.72 per share. This transaction amounted to 4.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Matevz has been a net seller over the last 12 months, reducing personal holdings by €775k. Announcement • May 31
Bragg Gaming Extends New Content Rollout Following Launch with Wynnbet in New Jersey Bragg Gaming Group announced that it has launched its new content and Remote Game Server technology with WynnBET Casino and Sportsbook in New Jersey. The launch expands the reach of the Company's newBragg Studios proprietary content in the U.S. and further demonstrates the continued progress of the Company's North American expansion initiative. Proprietary content from Bragg Studios - including Fairy Dust from Atomic Slot Lab - as well as new exclusive premium content from the Company's Powered by Bragg portfolio is now available for WynnBET's customers in New Jersey at <URL> Bragg's proprietary and exclusive content is delivered to WynnBET players via its new RGS technology. The roll-out of Bragg's new content with WynnBET in New Jersey extends an existing collaboration between the two online gaming companies in North America as Bragg also provides iGaming content to WynnBET's players in New Jersey and Michigan through its Spin Games RGS. Breakeven Date Change • May 11
Forecast breakeven date moved forward to 2023 The 7 analysts covering Bragg Gaming Group previously expected the company to break even in 2024. New consensus forecast suggests the company will make a profit of €1.10m in 2023. Earnings growth of 105% is required to achieve expected profit on schedule. Announcement • May 11
Bragg Gaming Group Inc. Provides Earnings Guidance for the Year 2023 Bragg Gaming Group Inc. provided earnings guidance for the year 2023. The company expects revenue to rise approximately 10% to 15% to €93 million to €97 million. Reported Earnings • May 11
First quarter 2023 earnings released: €0.022 loss per share (vs €0.036 loss in 1Q 2022) First quarter 2023 results: €0.022 loss per share (improved from €0.036 loss in 1Q 2022). Revenue: €22.9m (up 18% from 1Q 2022). Net loss: €476.0k (loss narrowed 34% from 1Q 2022). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Announcement • May 10
Bragg Gaming Group Inc. Gaming Extends New Content Rollout to Pennsylvania Via Launch at Rush Street Interactive's BetRivers Bragg Gaming Group Inc. announced that it has launched its new content and technology with Rush Street Interactive Inc. in Pennsylvania. This launch, which builds on the Company's Spin Games content that is already live in the state, introduces the Company's new, proprietary Bragg Studios content to a large and growing U.S. jurisdiction. This demonstrates continued progress with the Company's North American expansion as RSI is one of the leading iGaming operators in the U.S., Canada and Latin America. New, proprietary Bragg Studios content such as Fairy Dust by Atomic Slot Lab, as well as new exclusive premium content from the Company's Powered by Bragg program, is now available to RSI's Pennsylvania customers at both BetRivers.com and PlaySugarHouse.com. Bragg's content will be delivered to RSI players via its new Remote Game Server technology. The roll-out of the Company's new proprietary Bragg Studios content with RSI in Pennsylvania is an extension of an existing collaboration between the two online gaming companies in North America. Bragg previously launched its new RGS technology and content with the operator in New Jersey, Ontario and Michigan in 2022. According to H2 Gambling Capital, the interactive casino market in Pennsylvania is on track to generate USD 1.97 billion in Gross Win in 2023, making it the largest regulated iCasino market in the U.S. by this measure. Breakeven Date Change • Mar 28
Forecast breakeven date moved forward to 2023 The 7 analysts covering Bragg Gaming Group previously expected the company to break even in 2024. New consensus forecast suggests the company will make a profit of €63.5k in 2023. Earnings growth of 101% is required to achieve expected profit on schedule. Board Change • Mar 27
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Mark Clayton was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Mar 22
Full year 2022 earnings released: €0.16 loss per share (vs €0.39 loss in FY 2021) Full year 2022 results: €0.16 loss per share (improved from €0.39 loss in FY 2021). Revenue: €84.7m (up 45% from FY 2021). Net loss: €3.48m (loss narrowed 54% from FY 2021). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth. Breakeven Date Change • Dec 15
Forecast breakeven date pushed back to 2024 The 6 analysts covering Bragg Gaming Group previously expected the company to break even in 2023. New consensus forecast suggests losses will reduce by 82% per year to 2023. The company is expected to make a profit of €3.95m in 2024. Average annual earnings growth of 98% is required to achieve expected profit on schedule. Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 5 new directors. 2 experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). Independent Deputy Chair of the Board Paul Pathak is the most experienced director on the board, commencing their role in 2019. Independent Director Holly Gagnon was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Nov 11
Third quarter 2022 earnings released: €0.091 loss per share (vs €0.12 loss in 3Q 2021) Third quarter 2022 results: €0.091 loss per share (improved from €0.12 loss in 3Q 2021). Revenue: €20.9m (up 62% from 3Q 2021). Net loss: €2.00m (loss narrowed 19% from 3Q 2021). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Sep 24
Vice Chairman of the Board recently sold €231k worth of stock On the 16th of September, Matevz Mazij sold around 53k shares on-market at roughly €4.35 per share. This transaction amounted to 1.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Matevz's only on-market trade for the last 12 months. Breakeven Date Change • Aug 22
Forecast breakeven date pushed back to 2024 The 4 analysts covering Bragg Gaming Group previously expected the company to break even in 2023. New consensus forecast suggests the company will make a profit of €8.41m in 2024. Average annual earnings growth of 102% is required to achieve expected profit on schedule. Reported Earnings • Aug 10
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: €20.8m (up 34% from 2Q 2021). Net income: €90.0k (up €2.42m from 2Q 2021). Profit margin: 0.4% (up from net loss in 2Q 2021). Over the next year, revenue is forecast to grow 19%, compared to a 697% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth. Breakeven Date Change • Jun 16
Forecast breakeven date pushed back to 2023 The 6 analysts covering Bragg Gaming Group previously expected the company to break even in 2022. New consensus forecast suggests losses will reduce by 82% to 2022. The company is expected to make a profit of €2.60m in 2023. Average annual earnings growth of 105% is required to achieve expected profit on schedule. Announcement • Jun 10
Bragg Gaming Group Inc. Elects Paul Pathak and Cristina Romera as Directors At the Annual and Special Meeting of Shareholders Held on June 9, 2022 Bragg Gaming Group Inc. elected Paul Pathak and Cristina Romera as Directors at the annual and special meeting of shareholders held on June 9, 2022. Announcement • May 13
Bragg Gaming Group Inc. Reiterates Earnings Guidance for the Fiscal Year 2022 Bragg Gaming Group Inc. reiterated earnings guidance for the fiscal year 2022. For the year, the company expects revenue of EUR 68 million - EUR 72 million (USD 72 million - USD 76 million). The midpoints of the 2022 revenue represent growth of 20%. Breakeven Date Change • May 12
Forecast breakeven date pushed back to 2023 The 5 analysts covering Bragg Gaming Group previously expected the company to break even in 2022. New consensus forecast suggests losses will reduce by 74% to 2022. The company is expected to make a profit of €1.26m in 2023. Average annual earnings growth of 116% is required to achieve expected profit on schedule. Announcement • May 06
Bragg Gaming Group Announces Board Changes Bragg Gaming Group announced that Alex Spiro was appointed to serve on the Audit Committee of the Board of Directors and that Rob Godfrey resigned from the Audit Committee. Both changes occurred May 1, 2022. Reflecting these changes, the Company’s Audit Committee is comprised of Paul Pathak (Chair), Holly Gagnon and Alex Spiro. Announcement • May 05
Bragg Gaming Group Inc. to Report Q1, 2022 Results on May 11, 2022 Bragg Gaming Group Inc. announced that they will report Q1, 2022 results Pre-Market on May 11, 2022 Board Change • Apr 27
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 7 new directors. 1 experienced director. No highly experienced directors. 2 independent directors (5 non-independent directors). Deputy Chair of the Board Paul Pathak is the most experienced director on the board, commencing their role in 2019. Independent Director Holly Gagnon was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Apr 16
Bragg Gaming Group Inc., Annual General Meeting, Jun 09, 2022 Bragg Gaming Group Inc., Annual General Meeting, Jun 09, 2022. Announcement • Mar 30
Bragg Gaming Group Company Launches Its Exclusive Igaming Content in the Bahamas with the Country's Largest Operator, Island Luck Bragg Gaming Group company has launched its exclusive iGaming content in the Bahamas with the country's largest operator, Island Luck. Customers of the major Bahamian operator now have access to the full portfolio of ORYX's exclusive content developed by its in-house studios as well as from ORYX's premium partners. The launch follows the company's recent receipt of its certification and approval to offer its products and services to operators in the Caribbean nation. The rapid go-live with Island Luck is testament to the flexibility of the ORYX RGS and the appeal of its iGaming content. Bragg is in the process of securing additional agreements for the distribution of its content with online casino operators in the Bahamas. Established in 2009, Island Luck is licensed by the Gaming Board for the Bahamas and is the largest gaming company in the country, offering online sports betting, casino and lottery throughout the islands. The Bahamas player base has a similar demographic to the United States and Canada, markets which Bragg expects to target more widely later in the year following its recently announced license in Ontario, and with further license applications underway in New Jersey, Pennsylvania and Michigan. Reported Earnings • Mar 11
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: €0.39 loss per share (up from €1.69 loss in FY 2020). Revenue: €58.3m (up 26% from FY 2020). Net loss: €7.51m (loss narrowed 48% from FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 21%, compared to a 106% growth forecast for the restaurants industry in Germany. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Announcement • Mar 06
Bragg Gaming Group Inc. to Report Q4, 2021 Results on Mar 10, 2022 Bragg Gaming Group Inc. announced that they will report Q4, 2021 results Pre-Market on Mar 10, 2022 Breakeven Date Change • Feb 10
Forecast to breakeven in 2022 The 4 analysts covering Bragg Gaming Group expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 48% to 2021. The company is expected to make a profit of €390.0k in 2022. Average annual earnings growth of 135% is required to achieve expected profit on schedule. Announcement • Feb 03
Bragg Gaming Group Inc. Appoints Lara Falzon as President and Chief Operating Officer Bragg Gaming Group announced that it has appointed Lara Falzon, an accomplished iGaming executive and member of the Company’s Board of Directors since March 1, 2021, to the new position of President and Chief Operating Officer. Ms. Falzon brings more than 10 years of industry experience to the new role, including a significant track record of managing and structuring several multi-billion-dollar gaming transactions. As Chief Operating Officer, Ms. Falzon will be responsible for the primary oversight of the Company’s day-to-day operational performance and will help guide the ongoing execution of Bragg’s growth-focused strategies. She will also be responsible for fostering company-wide success-oriented accountability. Ms. Falzon brings significant gaming industry expertise to her new role. Ms. Falzon previously served as Operational CFO of NetEnt and CFO at Red Tiger Gaming. As CFO of casino software provider Red Tiger Gaming, she navigated its sale to NetEnt AB for over USD315 million. She also played an integral role in the sale of NetEnt to the world’s leading live casino company, Evolution Gaming (now Evolution), for USD2.1 billion. She also served as Group CFO at Evoke Gaming Ltd. and Group Financial Controller at King, creator of the Candy Crush franchise. Ms. Falzon is a member of the Association of Chartered Accountants. Announcement • Jan 27
Bragg Gaming Group Inc.' New Studio Atomic Slot Lab Launches Egyptian Magic Bragg Gaming Group Inc. announced the launch in several European iGaming markets of Egyptian Magic, the debut title from Atomic Slot Lab, the Company's new game development studio with a mission to deliver a superior and customized online gaming experience to European and North American markets. Egyptian Magic and all future titles from Atomic Slot Lab will be made available via the ORYX Hub distribution platform. Atomic Slot Lab is the latest addition to Bragg’s growing portfolio of RMG brands which includes ORYX Gaming and Wild Streak Gaming. Atomic Slot Lab is overseen by U.S. slot content development industry veteran Doug Fallon, Bragg’s Group Director of Content and founder of Wild Streak Gaming. The first title release from the studio, planned to roll out in the U.S. later this year, is set to be an instant classic featuring a proven theme with thrilling features such as instant cash wins and the Mini, Minor, Major or Grand jackpots. Atomic Slot Lab is focused on delivering the highest quality online games to slot players globally, inspired by the features, themes and mechanics of the best-loved games from casino floors across North America, combined with the best of online game mechanics and player trends. A brand-new generation of online casino games can be expected from Atomic Slot Lab, carefully calibrated to the specific tastes of online slot players in localized markets around the world but powered by pure Las Vegas energy. Egyptian Magic is an eye-catching slot game with a Hold&Respin and Free Spins Bonus feature, as well as four jackpots. Its classic theme, elaborate visuals, captivating mechanics and an outstanding overall experience are all customized to player preferences in European and U.S. markets. For Europe, a 25-line game was developed with a higher average feature win with increased volatility, while for the U.S., a 50-line version was created where the frequency is higher and overall volatility is slightly lower. Announcement • Jan 09
Bragg’S ORYX Gaming Adds Content to SkillOnNet Casino Brands in the UK ORYX Gaming, a Bragg Gaming Group company continues to grow its presence in the UK with the addition of its content to a number of casino brands operated by SkillOnNet in the market. This partnership with SkillOnNet is the latest in a string of agreements that have seen ORYX rapidly establish a presence in the UK iGaming market following receipt of its supplier licence from the Gambling Commission in November. Following a successful integration, games developed by ORYX’s in-house studio as well as exclusive content from GAMOMAT and Peter & Sons, are available on an array of casino brands powered by SkillOnNet, including PlayOJO, PlayMillion, Slingo.com, SpinGenie and ZebraWins. Egyptian Magic, the debut title from soon-to-be launched studio Atomic Slot Lab, powered by Bragg, will also be made available to local players. In addition to the UK, SkillOnNet holds licenses in a number of key European markets, including Portugal, Spain, Sweden, Denmark, Germany and Malta. ORYX intends to further expand in the UK in 2022, with the market offering ample opportunity and growth potential. The total addressable market (TAM) for the UK’s online casino sector in 2021 is approximately USD 5.5 billion (£4.1 billion) according to H2 Gambling Capital. Bragg expects its global market expansion initiatives will increase its TAM six-fold in 2022 to more than USD 18 billion, of which the UK market will account for just under one third. Reported Earnings • Nov 09
Third quarter 2021 earnings released: €0.12 loss per share (vs €0.39 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: €12.9m (up 9.9% from 3Q 2020). Net loss: €2.48m (loss narrowed 22% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Breakeven Date Change • Nov 09
Forecast to breakeven in 2023 The 5 analysts covering Bragg Gaming Group expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of €4.42m in 2023. Average annual earnings growth of 102% is required to achieve expected profit on schedule.