Bragg Gaming Group sees revenue surge 44%

Business News

Bragg Gaming Group has achieved revenue growth of 44% Y/Y to €8.8M and EBITDA growth of 100% Y/Y to €0.8M.

Bragg also successfully launched multiple new operators including Croatian-based Admiral Group, Betcris, SkillOnNet, and LottoLand.

The Company decreased dependence on revenue from German-facing operators with Schleswig-Holstein licenses; this revenue decreased to 30% of total revenues.

“We’re very pleased that we’ve been able to build on the strong trajectory that we achieved in 2019,” said Dominic Mansour, CEO of Bragg. “We’ve continued to emphasize revenue diversification and have delivered strong growth across our operators, with the introduction of new features and functionality on our platforms.

We have continually improved our content pipeline and have signed multiple new customers globally.” While acknowledging the widespread adverse impact of the global COVID-19 pandemic on people and businesses globally, Bragg’s business has experienced a significant increase in revenue, as people chose to seek safe entertainment alternatives they can enjoy in their own homes. “We’ve also focused on expanding our presence in the burgeoning U.S. gaming market,” Mr. Mansour noted. “We established a foothold there last year with our Kambi and Seneca partnership and are now evaluating opportunities to expand further.”

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