Bragg
Bragg Announces US$7 Million Secured Note Financing
Bragg Gaming Group Inc., a global B2B gaming technology and content provider, announced the issuance of a secured promissory note in the principal amount of US$7 million (the “Note”) to certain entities controlled by Doug Fallon, Managing Director of Group Content of the Company and the Founder of Nevada-based Wild Streak Gaming. The Note matures on April 25, 2025 and bears interest at an annual rate of 14%, payable quarterly.
“This financing provides the Company’s balance sheet with additional flexibility as we continue to review strategic alternatives for maximizing shareholder value and execute against our strategy,” said Matevž Mazij, Chief Executive Officer. “We would also like to thank The Lind Partners for their cooperation in providing a waiver consenting to the Note funding”.
“After reporting another consecutive full year of strong revenue, gross profit and Adjusted EBITDA growth in 2023, we are exceptionally well placed to capitalize on our in-demand content, product and technology verticals in major iGaming markets in North America, Europe and LatAm. From our market-leading player account management (“PAM”) platform and turnkey solutions to our unique casino content aggregation offering with Fuze
promotional functionality and player journey management, as well as our ever-growing exclusive content portfolio, our product strategies are refined for each market we operate in.”
The Toronto Stock Exchange (the “TSX”) has conditionally approved the issuance of the Note. The Company may use the net proceeds from the Note for general working capital purposes and strategic initiatives.
Bragg is going to attend the Peru Gaming Show taking place at Limas’s Jockey Exhibition Center on the 12-13 of June, 2024.
Recently registered as an approved service provider by the Peruvian Ministry of Foreign Trade and Tourism (MINCETUR), Bragg Gaming Group is now authorized to distribute online casino games, including Bragg’s proprietary and exclusive games portfolio, via the Bragg HUB aggregation platform to operators in the Latin American iGaming market.
“Join us in Lima to discuss future business opportunities with Bragg Gaming Group. Our team will be available to show how our innovative technology, premium content, and comprehensive managed services solutions can elevate your business,” the company said.
As a fully compliant service provider in Peru, Bragg Gaming Group offers local operators tailored solutions to efficiently manage their entire product suite. Bragg’s offerings are designed to meet the unique needs of the Latin American market, ensuring compliance and optimal performance.
Bragg is going to attend the SBC Summit North America taking place at the Meadowlands exposition center, New Jersey in May.
“See you in the Garden State to discuss how Bragg’s full-service suite of market leading iGaming content and technology solutions can be tailored to suit the demands of the U.S. market. Connect with members of the team to learn ways Bragg can accelerate your business with our technology, content and managed services solutions. Discover more about our award-winning Player Account Management (PAM), which is leading the way across the European market and in multiple regulated markets. Learn how our cutting-edge content aggregation RGS which already integrates a host of casino, sportsbook and lottery operators and is supported by our leading gamification product Fuze,” the Company said.
Participate in an insightful discussion
Join Bragg Group Director of Content Doug Fallon and fellow panelists at SBC Summit North America to discuss how game design can be leveraged to deliver profitable products in the iGaming industry.
Don’t miss this great panel discussion “Game Design 101: Launching a Profitable Product” taking place on iGaming Stage 3 at 16:00 on Wednesday, May 8.
Bragg is going to attend the SiGMA AMERICAS conference taking place in São Paulo, Brazil, on April 23-25.
“We are excited to be able to meet with you in Brazil to explain how Bragg’s unique full-service suite of iGaming technology and content aggregation solutions can allow you to make a bigger splash than your competitors as the Brazilian iGaming and sports betting market takes shape,” the Company said.
“Our team will be delighted to meet you and discuss burgeoning opportunities in evolving markets such as Brazil. Let’s take your business to the next level with our unparalleled content portfolio and full-service suite of iGaming platform technologies, including our market-leading player account management (PAM) platform, content aggregation, and Fuze – our game-changing, multiple award-winning cross-vertical player engagement toolset,” the Company added.
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