Bragg Gaming Group
Bragg Gaming Group Expands with Internet Vikings as Hosting Partner for Pennsylvania Launch
Internet Vikings, the first-to-market licensed in-state U.S. hosting provider for the online sports betting and iGaming industry, announces an extended partnership with Bragg Gaming Group, a content-driven iGaming technology provider, to deliver tailored hosting for both Bragg HUB and Bragg RGS in Pennsylvania.
In its September 2023 report, the Pennsylvania Gaming Control Board (PGCB) revealed significant developments, including a notable 35.3% surge in online casino revenue, surpassing August 2022 figures by 7.5%. Despite a minor 2.1% dip from July’s revenue of $467.0 million, this underscores the growing gambling landscape in Pennsylvania. Coupled with the ongoing advancements of Pennsylvania’s gambling regulations, the state offers a significant opportunity for iGaming enterprises like Bragg Gaming Group to solidify their presence and seize the substantial potential in this market.
Internet Vikings and Bragg Gaming Group first began their partnership in November 2022 when the licensed in-state hosting provider supplied Bragg with backup services in New Jersey. This initial collaboration proved the strategic growth displayed across the United States for both companies. Drawn by the high quality of services delivered by Internet Vikings and the personalized support they received; Bragg opted to continue a strategic partnership with Internet Vikings for the launch of its services in Pennsylvania.
“We are pleased to announce the extension of our partnership,” said Rickard Vikstrom, Founder and CEO of Internet Vikings. “I am confident that our hosting solutions will provide Bragg Gaming Group with the optimal infrastructure required to successfully launch and thrive within this market.”
Under the terms of the agreement, Internet Vikings will provide Bragg Gaming Group with a hosting solution designed to accommodate its aggregator services and the RGS of the acquired subsidiary Spin Games in Pennsylvania. These solutions will be hosted on the Internet Vikings’ VMware hosting platform and have been meticulously tailored to meet the specific hosting requirements of Bragg, encompassing two distinct hosting environments, both situated on the Internet Vikings cloud.
“We are confident in our decision to extend our partnership with Internet Vikings” stated Peter Lavrič, Chief Technology Officer of Bragg Gaming Group. “Their expertise in delivering customized hosting solutions perfectly aligns with our development plans in Pennsylvania, and we eagerly anticipate our collaborative success.”
Internet Vikings currently operates in 23 states, spanning 27 data centers, and remains unwavering in its commitment to furnishing customers with top-tier hosting solutions tailored to meet the unique demands of the iGaming and sports betting industry. The company is steadfastly expanding its service offerings and capabilities to keep pace with the burgeoning demands of the industry.
Bragg Gaming Group
Bragg Gaming Appoints Renowned iGaming Executive Neill Whyte as Chief Commercial Officer
Bragg Gaming Group, a global iGaming technology and content provider, 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 US.
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.
Matevž Mazij, Chief Executive Officer at Bragg, said: “I am very pleased to be announcing today the appointment of Neill Whyte as Chief Commercial Officer at Bragg. His iGaming product and market knowledge, together with his record in driving growth from developing successful and mutually beneficial commercial partnerships are exceptional.
“As we leverage our broad content and product portfolio to grow in existing and new markets, including in the United States, Canada, Latin America and Europe, Neill’s unique combination of knowledge, skills and experience in this sector are a perfect fit for our ambitions at Bragg.”
Neill Whyte, Chief Commercial Officer at Bragg, said: “It’s an honor to join Matevž and the wider teams at Bragg already in place across North America, Europe and in India. I have been impressed with the depth and quality of the content, product and technology offerings at Bragg, and its ability to rapidly adapt, certify and deploy this content and technology in newly regulated markets is a distinct advantage.
“We also have a huge opportunity to grow our footprint with our existing customers in markets in which we are already established. Our content and product roadmaps are second to none, and I’m planning to get on the road in the coming weeks and months to meet the team and our customers and to start building for the next stage of mutual growth. I can’t wait to get going.”
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 Gaming
Bragg Gaming and Light & Wonder Agree to an International Distribution Deal
Collaboration will see Bragg content featured on Light & Wonder’s ecosystem
Bragg Gaming Group Inc., a global B2B gaming technology and content provider, announced it has signed an international online casino content distribution agreement with Light & Wonder.
The agreement will see high-performing games from Bragg’s proprietary studios, Atomic Slot Lab, Indigo Magic, Wild Streak Gaming and Spin Games added to Light & Wonder’s online ecosystem.
Exclusive content from the supplier’s Powered by Bragg partners will also be integrated, providing Light & Wonder with a wide selection of highly localized and unique titles.
The deal will encompass numerous European regulated markets as well as the USA and Canada, significantly growing the reach of Bragg’s content to new audiences and strengthening the supplier’s casino offering with new titles.
Matevž Mazij, Chief Executive Officer at Bragg Gaming Group, commented: “Light & Wonder is a world-leading platform and games provider, and this distribution deal will be hugely beneficial for us, as our content will be in front of new audiences through its large operator network boosting exposure of our games.
“We have focused on strengthening our content portfolio over the last year and this partnership is a testament to the popularity and appeal of our games which have been proven successful in markets globally.”
Steve Mayes, Senior Director Digital Partnerships at Light & Wonder, said: “We are thrilled to be working closely with Bragg, and are looking forward to offering their content across our network. This deal is a great showcase for the power of our aggregation platform and global scale. We already have a number of key operators lined up to launch Bragg games and excited to further expand our portfolio of games partners.”
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