Bragg's proprietary and exclusive content and
aggregation businesses are well-positioned to fuel double digit
top- and bottom-line growth in 2025, targeting Brazil's USD 1.4
billion iCasino market, which is expected to reach USD 3.7 billion
by 2029.
Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG) (“Bragg” or
the “Company”) a provider of iGaming content and platform
technology solutions to the iGaming industry is proud to confirm
that it is live as a supplier to licensed operators in the
Brazilian market, following the introduction of regulated online
casino operations in the territory on January 1, 2025.
The newly regulated Brazilian online casino market is projected
to be worth USD 1.4 billion in 2025, and is expected to reach USD
3.7 billion by 2029 according to H2 Gambling Capital.
As a specialist regulated iGaming market supplier, Bragg
believes it is well positioned to capitalize on the launch and
projected growth of the Brazilian market and that revenue from the
Brazilian market could represent up to 10% of the Company’s total
revenue in 2025.
Bragg is currently live with approximately one-third of licensed
iCasino operators in Brazil, with prominent partners including
Superbet, KTO, Betano, Novibet, Sportingbet and Betboo. The Company
expects integrations to reach over half of licensed operators in
Brazil by the end of Q2 2025.
Bragg’s current content offerings include key proprietary
content titles such as Egyptian Magic by Atomic Slot Lab and Crazy
Diamonds by Indigo Magic. Accelerating proprietary content growth
is a strategic priority for the Company, as fully-owned IP
typically delivers higher gross profit margins, driving bottom-line
growth and supporting a balanced, margin-accretive product mix.
Complementing its proprietary content offering, the Company has
also introduced exclusive online casino games in the jurisdiction
from its carefully selected “Powered by Bragg” partners including
Bluberi, Sega Sammy Creation and King Show Games. Additionally, the
Company intends to develop strategic relationships with local
studio partners which will enhance Bragg’s ability to deliver
content tailored to Brazilian players.
Bragg’s content strategy in Brazil, key to its top-line growth
plans, also includes online casino content aggregation through its
Bragg HUB delivery platform. Bragg HUB provides a comprehensive
iGaming content service, offering over 10,000 online casino game
titles including from leading content providers in Brazil. This
offering is enhanced by the Fuze™ player engagement platform,
featuring tools for acquisition, cross-selling, conversion, and
retention, including bonuses, free rounds, jackpots, and an
AI-powered game recommendation engine.
The Company serves Brazilian operators from its Bragg São Paulo
office, led by LatAm Regional Director Sara Mosallaee and Senior
Account Manager Amanda Alexandrini, providing fully localized
support.
Matevz Mazij, Chief Executive Officer at Bragg Gaming
Group commented: “We’re delighted to expand into the newly
regulated market in Brazil, and to be there for our customers on
the first day of launch with our in-demand content portfolio and
player engagement platform.
“At Bragg we have extensive experience of delivering highly
localized iGaming content and technology solutions in regulated
markets, and we now expect the Brazilian market to become a key
territory for us and a significant driver of our growth in the
wider LatAm region.
“This latest regulated market launch sets us on a strong
trajectory for 2025, helping us deliver our strategic objectives of
increased revenue through proprietary, exclusive and aggregated
online casino content, while at the same time adding geographical
diversity to our revenue streams, promoting stable, long-term
growth for the Company.”
Neill Whyte, Chief Commercial Officer at Bragg Gaming
Group added: “We’ve been working hard to make sure we have the
right content, the right people and the right structures in place
to support our Brazilian operator partners from day 1 of market
launch, and I’m proud to say we are now live in this exciting
market which offers so much potential.
“We’re already partnered or are in talks with approximately half
of the Brazilian iGaming operator market, and that leaves plenty of
room for growth. We will be busy in the coming months showcasing
our games and technology solutions with both existing customers and
potential new partners as we continue to grow our presence in
Brazil and across the LatAm region.”
Cautionary Statement Regarding Forward-Looking
Information
This news release contains forward-looking statements or
“forward-looking information” within the meaning of applicable
Canadian securities laws (“forward-looking statements”), including,
without limitation, statements with respect to: the Company’s
launch in the new regulated iGaming market in Brazil and the
expected benefits and impact thereof, including with respect to
revenue, new offerings and partner integrations and other
operations and the results of the Company; the expected size and
growth of regulated iGaming market in Brazil and the Company’s
strategic growth initiatives and corporate vision and strategy.
Forward-looking statements are provided for the purpose of
presenting information about management’s current expectations and
plans relating to the future and allowing readers to get a better
understanding of the Company’s anticipated financial position,
results of operations, and operating environment. Often, but not
always, forward-looking statements can be identified by the use of
words such as “plans”, “expects” or “does not expect”, “is
expected”, “budget”, “scheduled”, “estimates”, “forecasts”,
“intends”, “anticipates” or “does not anticipate”, or “believes”,
or describes a “goal”, or variation of such words and phrases or
state that certain actions, events or results “may”, “could”,
“would”, “might” or “will” be taken, occur or be achieved.
All forward-looking statements contained in this news release
reflect the Company’s beliefs and assumptions based on information
available at the time the statements were made. Actual results or
events may differ from those predicted in these forward-looking
statements. All of the Company’s forward-looking statements are
qualified by the assumptions that are stated or inherent in such
forward-looking statements, including the assumptions listed below.
Although the Company believes that these assumptions are
reasonable, this list is not exhaustive of factors that may affect
any of the forward-looking statements. The key assumptions that
have been made in connection with the forward-looking statements
include the regulatory regime governing the business of the
Company; the operations of the Company; the products and services
of the Company; the Company’s customers; the growth of the
Company’s business, meeting minimum listing requirements of the
stock exchanges on which the Company’s shares trade; the
integration of technology; and the anticipated size and/or revenue
associated with the gaming market globally. Forward-looking
statements involve known and unknown risks, future events,
conditions, uncertainties and other factors that may cause actual
results, performance or achievements to be materially different
from any future results, prediction, projection, forecast,
performance or achievements expressed or implied by the
forward-looking statements. Such factors include, among others, the
following: risks related to the Company’s business and financial
position; that the Company may not be able to execute on its
partnership opportunities in Brazil; risks associated with general
economic conditions; adverse industry events; future legislative
and regulatory developments; the inability to access sufficient
capital from internal and external sources; the inability to access
sufficient capital on favourable terms; realization of growth
estimates, income tax and regulatory matters; the ability of the
Company to implement its business strategies; competition; economic
and financial conditions, including volatility in interest and
exchange rates, commodity and equity prices; changes in customer
demand; disruptions to our technology network including computer
systems and software; natural events such as severe weather, fires,
floods and earthquakes; any disruptions to operations as a result
of the strategic alternatives review process; and risks related to
health pandemics and the outbreak of communicable diseases.
Although the Company has attempted to identify important factors
that could cause actual actions, events or results to differ
materially from those described in forward-looking statements,
there may be other factors that cause actions, events or results
not to be as anticipated, estimated or intended. There can be no
assurance that forward-looking statements will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking
statements.
The Company disclaims any intention or obligation to update or
revise any forward-looking statements whether as a result of new
information, future events, or otherwise, except in accordance with
applicable securities laws.
About Bragg Gaming Group
Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG) is an iGaming
content and platform technology solutions provider serving online
and land-based gaming operators with its proprietary and exclusive
content, and cutting-edge player account management (“PAM”)
technology. Bragg Studios offer high-performing and passionately
crafted casino game titles using the latest in data-driven insights
from in-house brands including Wild Streak Gaming, Atomic Slot Lab
and Indigo Magic. Its proprietary content portfolio is complemented
by a selection of exclusive titles from carefully selected studio
partners under the Powered By Bragg program. Games built on Bragg’s
remote games server (“RGS”) technology are distributed via the
Bragg HUB content delivery platform and are available exclusively
to Bragg customers. Bragg’s powerful, modular PAM technology powers
multiple leading iCasino and sportsbook brands and is supported by
expert in-house managed, operational, and marketing services.
Content delivered via the Bragg HUB either exclusively or from the
Bragg aggregated games portfolio is managed from a single
back-office which is supported by a cutting-edge data platform, and
Bragg’s award-winning Fuze™ player engagement toolset. Bragg is
licensed, certified, or otherwise approved and operational in over
30 regulated iCasino markets globally, including in the U.S,
Canada, LatAm and Europe.
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version on businesswire.com: https://www.businesswire.com/news/home/20250107909770/en/
For media enquiries or interview requests, please
contact: Robert Simmons, Head of Communications, Bragg Gaming
Group press@bragg.group
Investors: Robbie Bressler, Chief Financial Officer,
Bragg Gaming Group investors@bragg.group OR James Carbonara,Hayden
IR (646)-755-7412 james@haydenir.com
Grafico Azioni Bragg Gaming (NASDAQ:BRAG)
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