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Be the first with the news that moves the market- Bragg Gaming Group (TSX:BRAG) has launched its new content and Remote Game Server technology with bet365 in Ontario
- The launch expands the reach of the company’s new Bragg Studios proprietary content in the province, part of its initiative to extend its reach across North America
- BRAG stock is up 7.9 over the past week and is 10.6 per cent higher than it was this time last year
- Bragg Gaming Group opened trading at C$7.59 per share
Bragg Gaming Group (TSX:BRAG) has launched its new content and Remote Game Server technology with bet365 in Ontario.
The launch expands the reach of the company’s new Bragg Studios proprietary content in the province, part of its initiative to extend its reach across North America.
BRAG stock is up 7.9 over the past week and is 10.6 per cent higher than it was this time last year.
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 portfolio – including “Devil’s Lock” from Blueberi – is now available for bet365 customers through this collaboration.
Bragg Gaming’s CEO, Lara Falzon, said in a news release this new content introduction with bet365 is the first step in what is believed to become a broader relationship for the introduction of the company’s exclusive third-party content with bet365 in additional markets.
“With Ontario pacing as one of the largest iGaming markets in North America, our partnership with bet365 will play an important role in our North American growth strategy and help drive consistent, long-term growth,” Falzon said in a statement.
The company recently released its Q2 2023 financial results, reporting a gross profit increase of 18.9 per cent to US$15.2 million, while its adjusted EBITDA grew 51.3 per cent to US$5.2 million. Its revenue increased by 18.9 per cent to a record US$27.2 million compared with US$22.9 million in Q2 2022.
Bragg updated its full year 2023 guidance ranges with midpoints implying revenue growth of 13 per cent and AEBITDA growth of 32 per cent over 2022.
Bragg Gaming Group Inc. is an iGaming content and technology provider serving online and land-based gaming operators. The company is licensed or otherwise certified, approved and operational in iCasino markets in the United States, Canada, Greece, the Czech Republic, the United Kingdom, the Netherlands, Germany, Sweden, Switzerland, Spain, Malta and Colombia.
Bragg Gaming Group opened trading at C$7.59 per share.
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