Bragg Gaming Group Inc (BRAG)

Bragg Gaming Group Announces Closing of Private Placement With Participation from Insiders and Drayton International's Matt DaveyJune 22, 2026 6:14 PM
PR Newswire (Canada) /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/TORONTO and LAS VEGAS, June 22, 2026 /CNW/ - Bragg Gaming Group (NASDAQ: BRAG) (TSX: BRAG) ("bragg" or the "Company"), a leading iGaming content and platform technology solutions provider, today announced the closing of its previously announced non-brokered private placement of 751,445 subscription receipts (the "Subscription Receipts") at a price of US$1.73 per Subscription Receipt for aggregate gross proceeds of approximately US$1,300,000 (the "Offering"). The issue price of US$1.73 per Subscription Receipt was based on the closing price of the common shares of the Company (the "Shares") on the Nasdaq Stock Market LLC (the "Nasdaq") on May 29, 2026.The Subscription Receipts and the aggregate gross proceeds remain subject to escrow release conditions (the "Release Conditions"), including the completion or satisfaction of all material conditions precedent to the Company's previously announced acquisition of all of the issued and outstanding securities of Drayton International (the "Transaction"), which is expected to close in the third quarter of 2026.Upon the satisfaction of the Release Conditions, each Subscription Receipt will be automatically exchanged, without any further action or payment of any additional consideration therefor, subject to adjustments, for one Share and one non-transferable common share purchase warrant (a "Warrant"). Each Warrant will be exercisable into one Share (a "Warrant Share") for a period of 36 months from the closing of the Transaction (the "Warrant Expiry Date") at an exercise price of US$2.16 per Warrant Share (the "Warrant Exercise Price"), subject to acceleration as described below.In the event that the volume weighted average price of the Shares on the Toronto Stock Exchange (the "TSX") (or such other Canadian stock exchange on which the Shares are listed for trading) equals or exceeds a price that is 25% above the Warrant Exercise Price for 15 consecutive trading days, then bragg, in its sole discretion, may accelerate the Warrant Expiry Date by issuing a press release (a "Warrant Acceleration Press Release") and, in such case, the Warrant Expiry Date will be deemed to be 5:00 p.m. (Toronto time) on the 30th day following the issuance of the Warrant Acceleration Press Release. Any Warrant not exercised prior to the expiry of such 30-day notice period shall be forfeited and cancelled without compensation.The net proceeds from the Offering will primarily be used for general corporate and working capital purposes. The Subscription Receipts, Shares, Warrants and the Shares issuable upon exercise of the Warrants upon conversion are subject to a statutory hold period in Canada of four months and one day after the closing of the Offering and are also "restricted securities" within the meaning of Rule 144(a)(3) under the U.S. Securities Act of 1933, as amended (the "1933 Act"), and may not be transferred or resold other than in compliance with an exemption or exclusion from the registration requirements of the 1933 Act.Each subscriber in the Offering has agreed not to, directly or indirectly, sell, transfer, dispose of, or otherwise deal in their Shares, Warrants or Shares issuable upon the exercise of the Warrants, for four months following closing of the Transaction.Insider ParticipationIn connection with the Offering, (i) Robbie Bressler, Chief Financial Officer of the Company, subscribed for 86,704 Subscription Receipts; (ii) Morten Tonnesen, Chief Operating Officer of the Company, subscribed for 57,803 Subscription Receipts; and (iii) Thomas Winter, a director of the Company, subscribed for 57,803 Subscription Receipts. The insider participation in the Offering constituted a "related party transaction" within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101"), for which the Company was exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(a) and 5.7(1)(a) thereof, as neither the fair market value of the securities issued to the insiders under the Offering nor the consideration paid by the insiders exceeded 25% of the Company's market capitalization, in each case as determined under MI 61-101. The Company did not file a material change report 21 days before closing of the Offering as the number of Subscription Receipts issued to insiders of the Company had not been confirmed at that time and the Company wished to close the Offering as expeditiously as possible for sound business reasons. The material change report to be filed by the Company in connection with the closing of the Offering will contain additional details with respect to such insider participation in accordance with Canadian securities laws.Furthermore, renowned gaming entrepreneur Matt Davey, Founder and Chairman of gaming-oriented investment fund, Tekkorp Capital, subscribed for 115,607 Subscription Receipts. As previously announced, the Company intends to appoint Mr. Davey as Non-Executive Chairman of its board of directors upon completion of the Transaction. Upon completion of the Transaction and Offering, Mr. Davey is expected to hold approximately 10% of the issued and outstanding Shares on a non-diluted basis.This press release is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The securities issued have not been registered under the 1933 Act, and such securities may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from U.S. registration requirements and applicable U.S. state securities laws.About Bragg Gaming Group Inc.Bragg Gaming Group, "bragg" (NASDAQ: BRAG, TSX: BRAG) crafts igaming environments that elevate player experiences. By combining battle-tested regulatory expertise with smart technology and captivating games and gaming worlds, bragg aims to deliver a proven revenue engine for operators and an unforgettable experience for players.The bragg product suite includes:casino games: Featuring bragg studios game experiences, as well as aggregated and bespoke IP crafted for bragg by partner studios.fuze™: Real-time behavioural intelligence that maps player journeys to reduce churn and maximize retention and engagement.bragg hub: A single integration aggregating the industry's leading games from bragg's premium in-house studios and third-party games houses.bragg PAM: A proven, scalable platform that simplifies operations across markets.Licensed and operational in 30+ regulated markets globally, including the U.S., Canada, LatAm, and Europe, bragg is engineered for igaming players and built for operator growth.Cautionary Statement Regarding Forward-Looking InformationThis news release contains "forward-looking statements" or "forward-looking information" within the meaning of applicable Canadian securities laws (together "forward-looking statements"), including, without limitation, statements with respect to the use of proceeds of the Offering; the Transaction, including its anticipated closing in the third quarter of 2026; the filing of the Company's material change report; the expected appointment of Mr. Davey as Non-Executive Chairman of the Company's board of directors; and the shareholdings of Mr. Davey. 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 Company's financial resources and liquidity; 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 Shares trade; the integration of technology; the anticipated size and/or revenue associated with the gaming market globally; the assumption that a definitive acquisition agreement with respect to the Transaction will be entered into on terms consistent with the binding letter of intent; the assumption that all customary closing conditions to the Transaction will be satisfied (including the approval of the listing of Shares to be issued on the TSX and the Nasdaq).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; the risk that the Company may not enter into a definitive acquisition agreement in connection with the Transaction; the risk that the Transaction may not close on the anticipated timelines or at all (including the approval of the listing of the Shares to be issued on the TSX and the Nasdaq); risks related to the dilution to existing shareholders from the issuance of Subscription Receipts; risks associated with gaming regulatory approvals, licensing requirements and compliance in multiple jurisdictions; risks related to the integration of Drayton's assets, technology and personnel; risks related to reliance on third-party platforms, including BetMakers' ADW offering, and the risk that such platforms may not perform as expected or may not be available on anticipated terms; risks associated with general economic conditions; risks related to the Company's management; adverse industry events; future legislative and regulatory developments, including changes to gaming regulations in the United States, Canada, Brazil and other jurisdictions; the inability to access sufficient capital from internal and external sources; the inability to access sufficient capital on favorable 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 the Company's technology network, including computer systems and software; natural events such as severe weather, fires, floods and earthquakes; 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. The forward-looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement.Join bragg on LinkedInSOURCE Bragg Gaming Group Inc. Original: Bragg Gaming Group Announces Closing of Private Placement With Participation from Insiders and Drayton International's Matt Davey

Bragg Gaming Group Announces Results from Annual Meeting of ShareholdersJune 18, 2026 4:18 PM
PR Newswire (Canada) TORONTO, June 18, 2026 /CNW/ - Bragg Gaming Group Inc. (NASDAQ: BRAG) (TSX: BRAG) ("bragg" or the "Company"), a leading content and technology provider, announced the voting results from its annual general meeting of shareholders held on June 18, 2026 (the "Meeting").At the Meeting, bragg shareholders voted on the following matters, the full details of which are set out in the Company's management information circular dated May 15, 2026 (the "Circular"), issued in connection with the Meeting, which is available under the Company's SEDAR+ profile at www.sedarplus.ca.At the Meeting, Holly Gagnon, Mark Clayton, Thomas Winter, Donald Robertson and Aaron Baryoseph were elected as directors of the Company with more than a majority of the votes cast for their re-election.Matevž Mazij did not receive a majority of the votes cast for his re-election. Accordingly,  Mr. Mazij has complied with the Company's majority voting policy (the "Majority Voting Policy") and has provided an offer (the "Resignation Offer") to resign from the Company's board of directors (the "Board"). In accordance with the Majority Voting Policy and as provided in the Canada Business Corporations Act, Mr. Mazij will continue to serve as a director until the Resignation Offer is accepted and becomes effective, his successor is appointed or elected or until the date that is 90 days from today .Detailed results of the shareholder votes are as follows:NomineeNumber of SharesPercentage of VotesForAgainstForAgainstMatevž Mazij5,008,3426,288,50344.33 %55.67 %Holly Gagnon9,478,5951,818,25083.90 %16.10 %Mark Clayton11,221,75875,08799.34 %0.66 %Thomas Winter11,279,22817,61799.84 %0.16 %Donald Robertson9,832,3841,464,46187.04 %12.96 %Aaron Baryoseph9,341,1081,955,73782.69 %17.31 %At the Meeting, MNP LLP were re-appointed as auditors of the Company for the ensuing year and the board of directors of the Company was authorized to fix the auditors' remuneration.The results of the shareholder votes are as follows:MotionNumber of Shares ForPercentage of Votes ForAppointment of Auditors13,528,79699.71 %A full report of voting results from the Meeting is available under the Company's SEDAR+ profile at www.sedarplus.ca.About Bragg Gaming Group Inc.Bragg Gaming Group, "bragg" (NASDAQ: BRAG, TSX: BRAG) crafts igaming environments that elevate player experiences. By combining battle-tested regulatory expertise with smart technology and captivating games and gaming worlds, bragg aims to deliver a proven revenue engine for operators and an unforgettable experience for players.The bragg product suite includes:casino games: Featuring bragg studios game experiences, as well as aggregated and bespoke IP crafted for bragg by partner studios.fuze™: Real-time behavioural intelligence that maps player journeys to reduce churn and maximize retention and engagement.bragg hub: A single integration aggregating the industry's leading games from bragg's premium in-house studios and third-party games houses.bragg PAM: A proven, scalable platform that simplifies operations across markets.Licensed and operational in 30+ regulated markets globally, including the U.S., Canada, LatAm, and Europe, bragg is engineered for igaming players and built for operator growth.Join Bragg on LinkedInSOURCE Bragg Gaming Group Inc. Original: Bragg Gaming Group Announces Results from Annual Meeting of Shareholders

Bragg Gaming Shares Rise Despite Revenue Miss as Profitability ImprovesMay 14, 2026 10:00 AM
IH Market News Bragg Gaming Group (NASDAQ:BRAG) shares climbed nearly 4% in premarket trading Thursday after the company reported first-quarter earnings ahead of analyst expectations, even though revenue came in below forecasts.Investors appeared encouraged by improving profitability metrics and ongoing cost-reduction initiatives. Earnings Beat Expectations While Revenue Falls Short Bragg Gaming posted an adjusted loss of -€0.05 per share for the first quarter, outperforming analyst expectations for a loss of -€0.09 per share.Revenue totaled €25.7 million, missing the consensus estimate of €28.55 million, although it still represented a modest 0.6% increase from €25.5 million in the same quarter last year. Regional Performance Delivers Mixed Results The company reported varying trends across its geographic markets.Revenue from Brazil surged 33.3% year-on-year, while revenue in the Netherlands increased 3.5%.By contrast, total revenue in the United States declined 12.1%, primarily due to one-time revenue recorded in the prior-year quarter related to a project with Caesars Entertainment. Losses Narrow as Restructuring Efforts Continue Operating loss improved to €1.4 million from €1.7 million a year earlier.Net loss narrowed 55% year-on-year to €1.2 million, compared with €2.6 million in the first quarter of 2025.Adjusted EBITDA totaled €4.0 million, representing a 15.7% margin, versus €4.1 million and a 16.0% margin in the prior-year quarter. CEO Says Company Is Entering Transformational Phase Chief executive Matevž Mazij said the company continued to execute effectively during the quarter while pursuing strategic growth initiatives.“We continued to execute well across our business in the first quarter,” Mazij said. “But in many ways, I believe we are only just approaching the starting line as we work to complete our potentially transformative transaction with Drayton.” Full-Year Guidance Reaffirmed Bragg maintained its outlook for full-year 2026.The company continues to project revenue between €97.0 million and €104.5 million, with adjusted EBITDA expected between €16.0 million and €19.0 million.Management also forecast adjusted EBITDA margins ranging from 16.0% to 18.0%. Workforce Reduction Expected to Generate Savings During the quarter, Bragg completed a strategic restructuring initiative that reduced its global workforce by approximately 12%.The company recorded €0.7 million in restructuring costs and said the move is expected to generate annualized cash savings of approximately €4.5 million.Bragg Gaming Group stock price Original: Bragg Gaming Shares Rise Despite Revenue Miss as Profitability Improves

Bragg Gaming Group Reports First Quarter 2026 Financial ResultsMay 14, 2026 7:30 AM
Business Wire Bragg Gaming Group (NASDAQ:BRAG; TSX:BRAG) (“bragg” or the “Company”), a leading igaming content and platform technology solutions provider, today announced its financial results for the first quarter of 2026. First Quarter 2026 Financial Highlights: Revenue Growth: Total quarterly revenue of €25.7 million (US$29.7 million)1 in the first quarter: The Netherlands revenue increased 3.5% year-over-year due to a short-term uplift from a fixed Player Account Management (“PAM”) agreement with Entain Plc (LSE: ENTL); Brazil revenue increased 33.3% compared to the 2025 first quarter with continued growth in provider onboarding; and United States recurring revenue grew 7.1% year-over-year, driven by expanded high-margin proprietary content footprint, while total U.S. revenue declined 12.1% due to one off revenue in the 2025 first quarter related to the Company’s content and technology project with Caesars Entertainment for its online casino platforms; and Total revenue grew 0.6% year-over-year. Operating Loss, Net Loss and Adjusted EBITDA2: Operating loss for the first quarter was €1.4 million (US$1.7 million), a €0.3 million (US$0.1 million) improvement from an operating loss of €1.7 million (US$1.8 million) in the same period of 2025. Net loss for the first quarter was €1.2 million (US$1.4 million), or €0.05 (US$0.05) per common share, a 55% improvement from a net loss of €2.6 million (US$2.8 million), or €0.11 (US$0.12) per common share, in the same period of 2025. Adjusted EBITDA for the 2026 first quarter was €4.0 million (US$4.6 million), representing an Adjusted EBITDA Margin3 of 15.7%, compared to €4.1 million (US$4.3 million), representing an Adjusted EBITDA Margin of 16.0% in Q1-2025. 1 Results converted from EUR to USD assume an exchange rate of 1.1517 for the three-month period ending March 31, 2026, and assume an exchange rate of 1.0536 for the three-month period ending March 31, 2025. 2,3 Adjusted EBITDA and Adjusted EBITDA Margin are non-IFRS financial measures. For important information on the Company’s non-IFRS financial measures, see “Non-IFRS Financial Measures” below. First Quarter 2026 and Recent Business Highlights: Extended Key Player Account Management (“PAM”) Agreement in Europe: Announced the extension of its existing comprehensive Player Account Management (“PAM”) platform and turnkey solution agreement with Senator Group, an online casino market leader in Croatia. Chosen as Preferred Content Delivery Partner Across a Multi-Brand, Multi-Jurisdictional Portfolio: Building on an existing relationship between the parties that began in 2020 and has already seen successful launches in Romania, Belgium, Serbia and Brazil, Super Technologies selected bragg as its preferred content delivery partner to support its ambitious strategic expansion plan by providing fast access to quality content, while also delivering on the necessary technical and compliance readiness for demanding regulated territories. Soon thereafter, bragg announced its role in supporting Super Technologies’ successful launch in the regulated Greek market through its flagship brand, Superbet, marking a significant milestone in bragg’s ongoing global expansion strategy. Positioned for Finnish Market Liberalization: Signed a comprehensive PAM platform and turnkey solution agreement with SuomiVeto, a market entrant led by the successful founders of BetCity.nl, that will see bragg provide SuomiVeto access to a vast portfolio of exclusive and aggregated casino games, a fully managed sportsbook, award-winning fuze™ player engagement tools, and comprehensive managed marketing and operational services in the newly regulated Finnish iGaming market, which is scheduled to "go live" for private operators on July 1, 2027. Leapt into an Artificial Intelligence (“AI”)-First Future: Initiated the development of the bragg AI brain, a data-driven AI engine designed to power smarter decisions and intelligent products across bragg's ecosystem in order to reduce the Company’s overall cost structure, drive its EBITDA growth, and move it toward sustained net profitability. Strengthened Leadership Team and Changed Board: Appointed Morten Tonnesen as its new Chief Operating Officer, with a mandate that includes driving operational leverage and implementing bragg's ambitious AI-First transformation, and promoted Garrick Morris to the position of Executive Vice President of Global Content, U.S. & Canada, with a focus on content expansion. In addition, Thomas Winter, a gaming industry luminary, was appointed to bragg’s Board of Directors, succeeding Kent Young, who retired from the Board. Executed a Strategic Restructuring to Reduce Cost Structure and Improve Operating Performance: Completed a strategic restructuring, including an approximate 12% reduction of global workforce, designed to realign the organization and thereby improve its overall cost structure, drive its EBITDA growth, and shorten the time required for it to achieve sustained net profitability. The Company incurred restructuring costs related to this action of approximately €0.7 million (US$0.9 million) associated with personnel-related termination costs in the first quarter of 2026, and it anticipates annualized cash savings from its staff reductions and other restructuring efforts to be approximately €4.5 million (US$5.2 million). Ensured Greater Board Alignment with Shareholders: From January 1, 2026, fees are being paid to directors exclusively in deferred share units (DSUs) on a monthly basis (with no cash alternative). Entered into Agreement for a Transformational Acquisition: Earlier today, announced entering into a binding agreement to acquire Drayton International (“Drayton”), a diversified gaming technology and content platform. In conjunction with the closing of the transaction, renowned gaming entrepreneur, Matthew Davey, will join the Company’s Board as Non-Executive Chairman, further strengthening the Company’s leadership as it executes its next phase of growth. Matevž Mazij, Chief Executive Officer for bragg, commented, “We continued to execute well across our business in the first quarter. But in many ways, I believe we are only just approaching the starting line as we work to complete our potentially transformative transaction with Drayton, which we believe will position bragg to lead the future of the global gaming industry with the right team, the best technology, a refreshed brand, and a clear ‘games-first’ focus.” For additional information on bragg’s acquisition of Drayton, including information regarding forward-looking statements and risk factors related to the transaction with Drayton, please refer to the Company’s press release dated May 14, 2026, a copy of which is available under the Company’s SEDAR+ profile at www.sedarplus.ca and under the Company’s EDGAR profile at www.sec.gov/search-filings. 2026 Outlook The Company continues to anticipate full year 2026 revenue between €97.0 million and €104.5 million and Adjusted EBITDA of €16.0 million to €19.0 million (representing an Adjusted EBITDA Margin of 16.0% to 18.0%). bragg noted that these amounts do not include any potential revenue and/or Adjusted EBITDA impacts from the planned Drayton acquisition. Investor Conference Call The Company will host a conference call today at 8:30 a.m. Eastern, and management will discuss the financial and operational performance of the company. A presentation of these results will be made available to download at: https://investors.bragg.group/events-and-presentations/presentations/default.aspx To join the call, please use the below dial-in information: USA / International Toll +1 (585) 542-9983
USA / Canada Toll-Free +1 (833) 461-5787
Canada Toll +1 (365) 657-4084
United Kingdom Toll +44 117 389 0104
United Kingdom Toll Free +44 808 196 8935
Conference ID: 267144801 The call will also be broadcast live and archived on the Company's website in the Investors section here. About bragg Bragg Gaming Group, “bragg” (NASDAQ: BRAG, TSX: BRAG) crafts igaming environments that elevate player experiences. By combining battle-tested regulatory expertise with smart technology and captivating games and gaming worlds, bragg delivers a proven revenue engine for operators and an unforgettable experience for players. The bragg product suite includes: casino games: Featuring bragg studios game experiences, as well as aggregated and bespoke IP crafted for bragg by partner studios. fuze™: Real-time behavioural intelligence that maps player journeys to reduce churn and maximize lifetime value. bragg hub: A single integration aggregating the industry's best games from bragg’s premium in-house studios and third-party games houses. bragg PAM: A proven, scalable platform that simplifies operations across markets. Licensed and operational in 30+ regulated markets globally, including the U.S., Canada, LatAm, and Europe, bragg is engineered for igaming players and built for operator growth. Cautionary Statement Regarding Forward-Looking Information This news release may contain forward-looking information and statements (collectively, “forward-looking statements”) within the meaning of applicable securities laws in Canada and the U.S., including financial and operational expectations and projections. These statements, other than statements of historical fact, are based on management’s current expectations and projections and are subject to a number of risks, uncertainties, and assumptions, including market and economic conditions, business prospects or opportunities, future plans and strategies, projections, technological developments, anticipated events and trends and regulatory changes that affect the Company, its subsidiaries and their respective customers and industries. Although the Company and management believe the expectations and projections reflected in such forward-looking statements are appropriate and are based on reasonable assumptions and estimates as of the date hereof, there can be no assurance that these assumptions or estimates are accurate or that any of these expectations and projections will prove accurate. Forward-looking statements are inherently subject to significant business, regulatory, economic and competitive risks, uncertainties and contingencies that could cause actual events to differ materially from those expressed or implied in such statements. Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “plan”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “predict”, “potential”, “targeting”, “intend”, “could”, “might”, “would”, “should”, “believe”, “objective”, “ongoing”, “imply” or the negative of these words or other variations or synonyms of these words or comparable terminology and similar expressions. All forward-looking statements contained in this news release or the conference call 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 accurately predict its rate of growth and profitability; 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 favorable 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 the Company’s 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. Non-IFRS Financial Measures To supplement its Interim Financial Statements presented in accordance with IFRS, the Company considers certain financial measures and metrics that are not prepared in accordance with IFRS. The Company uses such non-IFRS financial measures and metrics in evaluating its operating results and for financial and operational decision-making purposes. The Company believes that such measures and metrics help identify underlying trends in its business that could otherwise be masked by the effect of the expenses that it excludes in such measures. The Company also believes that such measures provide useful information about its operating results, enhance the overall understanding of its past performance and future prospects and allow for greater transparency with respect to key metrics used by management in its financial and operational decision-making. However, these measures should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with IFRS. There are a number of limitations related to the use of such non-IFRS measures as opposed to their nearest IFRS equivalents. Accordingly, these non-IFRS measures should not be considered in isolation nor as a substitute for analysis of our financial information reported under IFRS. The Company uses the non-IFRS financial measures and metrics “EBITDA”, “Adjusted EBITDA” and “Adjusted EBITDA Margin”, each as defined below in this news release. The most directly comparable financial measure to each of EBITDA and Adjusted EBITDA is Net Loss. These non-IFRS measures are used to provide investors with supplemental measures of our operating performance and thus highlight trends in our core business that may not otherwise be apparent when relying solely on IFRS measures. The Company also believes that securities analysts, investors and other interested parties frequently use non-IFRS measures in the evaluation of issuers. The Company’s management uses non-IFRS measures in order to facilitate operating performance comparisons from period to period, to prepare annual operating budgets and forecasts and to determine components of management compensation. The Company defined such non-IFRS measures as follows: “EBITDA” means as net income (loss) plus interest, taxes, depreciation and amortization; provided that all revenue, costs and expenses shall be recorded on an accrual basis. The Company’s method of calculating EBITDA may differ from the method used by other issuers and, accordingly, the Company’s EBITDA calculation may not be comparable to similarly titled measures used by other issuers. “Adjusted EBITDA” means EBITDA after: (i) adding back share based compensation; (ii) deducting lease payments recorded as a depreciation of right-of-use assets and lease interest expense; (iii) adding back or deducting gain (loss) on lease modification; (iv) adding back or deducting gain (loss) on re-measurement of deferred consideration; (v) adding back certain exceptional costs; (vi) adding back transaction and acquisition costs; and (vii) adding back or deducting gain (loss) on disposal of tangible assets. “Adjusted EBITDA Margin” means Adjusted EBITDA divided by revenue. A reconciliation of operating loss to EBITDA and Adjusted EBITDA is as follows in this news release as well as in the Company’s Management’s Discussion and Analysis (“MD&A”) for the quarter ended March 31, 2026. Future Oriented Financial Information This news release and, in particular the information in respect of bragg’s prospective revenues and Adjusted EBITDA may contain future oriented financial information (“FOFI”) within the meaning of applicable securities laws. The FOFI has been prepared by management to provide an outlook on bragg’s proposed activities and potential results and may not be appropriate for other purposes. The FOFI has been prepared based on a number of assumptions, including assumptions with respect to customer growth and market expansion. bragg and its management believe that the FOFI has been prepared on a reasonable basis, reflecting management’s best estimates and judgments; however, the actual results of operations of bragg and the resulting financial results may vary from the amounts set forth herein and such variations may be material. FOFI contained in this news release was made as of the date of this news release and bragg disclaims any intention or obligation to update or revise any FOFI contained in this news release, whether as a result of new information, future events or otherwise, unless required pursuant to applicable law. Join bragg on social media Twitter
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Instagram BRAGG GAMING GROUP INC. INTERIM UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF LOSS AND COMPREHENSIVE LOSS PRESENTED IN EUROS (THOUSANDS, EXCEPT SHARE AND PER SHARE AMOUNTS)                   Three Months Ended March 31,     2026     2025   Revenue     25,652       25,505   Cost of revenue     (11,425 )     (11,221 ) Gross Profit     14,227       14,284                 Selling, general and administrative expenses     (15,666 )     (15,807 ) Loss on remeasurement of deferred consideration     —       (157 ) Operating Loss     (1,439 )     (1,680 )               Net interest income (expense) and other financing charges     174       (346 ) Loss Before Income Taxes     (1,265 )     (2,026 )               Income taxes recovery (expense)     79       (614 ) Net Loss     (1,186 )     (2,640 )               Items to be reclassified to net loss:             Cumulative translation adjustment     301       (1,423 ) Net Comprehensive Loss     (885 )     (4,063 )               Basic Loss Per Share     (0.05 )     (0.11 ) Diluted Loss Per Share     (0.05 )     (0.11 )                   Millions   Millions Weighted average number of shares - basic     25.6       25.1   Weighted average number of shares - diluted 25.6 25.1   BRAGG GAMING GROUP INC. INTERIM UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION PRESENTED IN EUROS
(THOUSANDS, EXCEPT SHARE AND PER SHARE AMOUNTS)                   As at   As at     March 31,   December 31,     2026     2025   Cash and cash equivalents     3,413       6,658   Trade and other receivables     19,483       21,122   Prepaid expenses and other assets     2,597       3,905   Total Current Assets     25,493       31,685   Property and equipment     1,061       1,198   Right-of-use assets     3,707       3,975   Intangible assets     29,995       30,421   Goodwill     31,453       31,206   Investments in associates     443       459   Other assets     405       405   Total Assets     92,557       99,349                 Trade payables and other liabilities     22,497       25,520   Income taxes (receivable) payable     (50 )     1,824   Lease obligations on right of use assets     1,354       1,367   Share appreciation rights liability     347       471   Loans payable     2,834       3,512   Total Current Liabilities     26,982       32,695   Deferred income tax liabilities     463       509   Lease obligations on right of use assets     2,412       2,725   Share appreciation rights liability     100       123   Other non-current liabilities     596       596   Total Liabilities     30,553       36,647                 Share capital     133,985       133,946   Contributed surplus     17,821       17,673   Accumulated deficit     (90,647 )     (89,461 ) Accumulated other comprehensive income     845       544   Total Equity     62,004       62,702   Total Liabilities and Equity     92,557       99,349   BRAGG GAMING GROUP INC. UNAUDITED SELECTED FINANCIAL GAAP AND NON-GAAP MEASURES PRESENTED IN EUROS (THOUSANDS, EXCEPT SHARE AND PER SHARE AMOUNTS)               Three Months Ended March 31, EUR 000   2026     2025   Revenue   25,652     25,505   Operating Loss   (1,439 )   (1,680 ) EBITDA   3,244     3,040   Adjusted EBITDA   4,016     4,084   BRAGG GAMING GROUP INC. RECONCILIATION OF OPERATING LOSS TO EBITDA AND ADJUSTED EBITDA PRESENTED IN EUROS (THOUSANDS, EXCEPT SHARE AND PER SHARE AMOUNTS)               Three Months Ended March 31, EUR 000   2026     2025   Net Loss   (1,186 )   (2,640 ) Income taxes (recovery) expense   (79 )   614   Loss Before Income Taxes   (1,265 )   (2,026 ) Net interest income (expense) and other financing charges   (174 )   346   Depreciation and amortization   4,683     4,720   EBITDA   3,244     3,040   Depreciation of right-of-use assets   (302 )   (214 ) Lease interest expense   (26 )   (27 ) Gain on lease modification   (30 )   (101 ) Share based compensation   38     846   Transaction and acquisition costs   40     —   Exceptional costs   1,056     383   Gain on disposal of tangible assets   (4 )   —   Loss on remeasurement of deferred consideration   —     157   Adjusted EBITDA   4,016     4,084     View source version on businesswire.com: https://www.businesswire.com/news/home/20260514578323/en/ For investor relations, please contact:
Stephen Kilmer
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stephen.kilmer@bragg.group Original: Bragg Gaming Group Reports First Quarter 2026 Financial Results

Bragg Powers 711’s Sportsbook Expansion with Kambi Integration and Fuze™ Technology in BelgiumMay 11, 2026 8:15 AM
Business Wire Leading Belgium operator to grow existing iGaming relationship with Bragg to include sportsbook partner technology and Bragg’s gamification and engagement tools Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG) (“Bragg” or the “Company”) today announced it has signed a definitive agreement to expand its partnership with leading operator 711 in the Belgian market. This agreement paves the way for the upcoming launch of 711’s new online sportsbook, following 711’s successful acquisition of an F+ license from the Belgian Gaming Commission. The new sportsbook offering, powered by Kambi’s Turnkey Sportsbook, will be seamlessly integrated into Bragg’s robust Player Account Management (“PAM”) technology platform. This expansion builds upon the strong existing relationship between Bragg and 711 in Belgium, where 711 successfully operates an online casino under a B+ license since December 2025. As part of a unified user experience, players visiting 711.be will soon be greeted with a streamlined portal allowing them to choose between the casino and the soon- to-be-launched sportsbook platforms. The go-live is strategically scheduled to occur ahead of the upcoming 2026 World Cup, providing Belgian sports fans with a premium betting destination just in time for the world’s biggest football event. Following the successful deployment of Bragg’s award-winning Fuze™ player engagement toolset for 711’s Dutch operations, this expansion also marks the introduction of the toolset to 711’s Belgian sports vertical. In addition to a deep integration with Kambi’s sportsbook technology, Fuze™ will provide a suite of engagement features, such as real-time tournaments and quests. These features and promotional tools will be implemented and utilized strictly in accordance with the Belgian regulatory and compliance framework, ensuring that all player retention and engagement initiatives align with local requirements. Matevž Mazij, Chief Executive Officer at Bragg Gaming Group, commented: "We are thrilled to have finalized this agreement to further strengthen our global relationship with 711. By supporting their entry into the Belgian sports betting market with our flexible PAM platform, Kambi’s world-class sportsbook, and our proprietary Fuze™ engagement tools, we are providing 711 with a powerful, comprehensive solution to compete at the highest level. We look forward to going live just in time for the excitement of the World Cup." Gilles De Backer, Chief Operating Officer at 711, added: "Signing this agreement to expand our Belgian footprint with the upcoming launch of 711sports.be is a pivotal moment for our brand. Having already seen great success with our casino offering via Bragg’s platform, it was a natural choice to extend our partnership for the sportsbook. The addition of Kambi’s leading sportsbook technology and Bragg’s Fuze™ tools ensures that 711 will be well positioned to execute its core identity and strategy in the Belgian sports betting market by aiming to provide the best user experience, competitive odds, and strong player-focused features. The launch is also perfectly positioned for the increased sportsbook momentum we expect during the World Cup.” About Bragg Gaming Group Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG) is a leading iGaming content and platform technology solutions provider serving online casino, sports betting and lottery operators with its proprietary, exclusive and aggregated casino games content, and its cutting-edge player account management (“PAM”) and player engagement 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 casino games 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 iGaming brands and is supported by expert in-house managed, operational, and marketing services. Online casino games and products delivered via the Bragg Hub, either exclusively or from Bragg's extensive aggregated casino games portfolio, are managed from a single back-office, with 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 iGaming markets globally, including in the U.S., Canada, LatAm and Europe. 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 Bragg’s expanded partnership with 711 in Belgium to include its new online sportsbook; and the impact on 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 Company’s financial resources and liquidity; 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; risks associated with general economic conditions; risks related to the Company’s management; 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 favorable 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 the Company’s technology network, including computer systems and software; natural events such as severe weather, fires, floods and earthquakes; 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. Join Bragg on Social Media LinkedIn
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Stephen Kilmer
+1 (646)-274-3580 or stephen.kilmer@bragg.group Original: Bragg Powers 711’s Sportsbook Expansion with Kambi Integration and Fuze™ Technology in Belgium

Bragg Gaming to Release First Quarter 2026 Results on May 14May 4, 2026 4:30 PM
Business Wire Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG) (“Bragg” or the “Company”), a leading iGaming content and platform technology solutions provider, today confirmed that it will release its first quarter 2026 financial results prior to the opening of the financial markets on Thursday, May 14, 2026. The release will be followed by a conference call at 8:30 a.m. Eastern Time, during which Bragg Chief Executive Officer, Matevž Mazij, and Chief Financial Officer, Robbie Bressler, will discuss the Company’s financial results and provide a business update. To join the live call by telephone, please use the below dial-in information: Participant Dial-In Numbers USA / International Toll +1 (585) 542-9983
USA / Canada Toll-Free +1 (833) 461-5787
Canada Toll +1 (365) 657-4084
United Kingdom Toll +44 117 389 0104
United Kingdom Toll Free +44 808 196 8935
Conference ID: 267144801 The call will also be broadcast live and archived on the Company's website in the Investors section here. About Bragg Gaming Group Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG) is a leading iGaming content and platform technology solutions provider serving online casino, sports betting and lottery operators with its proprietary, exclusive and aggregated casino games content, and its cutting-edge player account management (“PAM”) and player engagement 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 casino games 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 iGaming brands and is supported by expert in-house managed, operational, and marketing services. Online casino games and products delivered via the Bragg HUB, either exclusively or from Bragg's extensive aggregated casino games portfolio, are managed from a single back-office, with 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 iGaming markets globally, including in the U.S., Canada, LatAm and Europe. Join Bragg on Social Media LinkedIn
X / Twitter
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Facebook View source version on businesswire.com: https://www.businesswire.com/news/home/20260504090265/en/ For investor enquiries, please contact:
Stephen Kilmer
+1 (646)-274-3580
stephen.kilmer@bragg.group Original: Bragg Gaming to Release First Quarter 2026 Results on May 14

Bragg Powers Super Technologies’ Entry into Greece with RGS and Aggregation OfferingApril 30, 2026 7:30 AM
Business Wire
Agreement expands Bragg’s footprint in one of Europe’s most established regulated markets


Bragg Gaming Group (“Bragg” or the “Company”) today announced its role in supporting Super Technologies’ successful launch in the regulated Greek market through its flagship brand, Superbet, marking a significant milestone in Bragg’s ongoing global expansion strategy.


Through this partnership, Bragg is delivering its RGS games alongside its HUB aggregation platform, providing access to a diverse portfolio of premium 3rd party content. This includes titles from leading studio partners such as Playson, Wazdan, IGT, Synot, and Spribe.


The launch represents Superbet’s official entry into Greece, one of Europe’s most mature and well-regulated iGaming markets, and further strengthens Bragg’s position as a key technology and content partner for tier-one operators expanding into new jurisdictions.


Superbet’s launch combines a “sports-first” philosophy with a compelling iGaming experience tailored to local player preferences. Over the past 12 months, Superbet has built a strong local presence in Athens, enabling a highly localized approach supported by global expertise.


This launch underscores the scalability and flexibility of Bragg’s platform, enabling rapid market entry while delivering localized, high-quality player experiences in regulated environments.


Neill Whyte, Chief Commercial Officer at Bragg Gaming Group, said: “We are delighted to support Superbet’s entry into Greece with our full suite of RGS and aggregation capabilities. As the preferred partner to Super Technologies, this launch reflects a partnership built to win.


It highlights the strength of our technology and content ecosystem and our ability to scale in regulated markets. Greece is an exciting opportunity, and we look forward to supporting Superbet’s long-term growth in the region while continuing to power this commercial brand across multiple territories.”


Adam Lamentowicz, Chief Commercial Officer CEE at Super Technologies, commented: “Every decision that we take is based on our customer-centric vision. And our partnership with Bragg serves this vision by offering the best entertainment experience to our Greek customers. Greece is a mature and thriving market, and we are confident that our product offering will have an immediate impact.”


As Superbet establishes its presence in Greece, Bragg will continue to enhance the offering with new content, features, and partnerships, reinforcing both companies’ commitment to delivering best-in-class gaming experiences.


About Bragg Gaming Group


Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG) is a leading iGaming content and platform technology solutions provider serving online casino, sports betting and lottery operators with its proprietary, exclusive and aggregated casino games content, and its cutting-edge player account management (“PAM”) and player engagement 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 casino games 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 iGaming brands and is supported by expert in-house managed, operational, and marketing services. Online casino games and products delivered via the Bragg HUB, either exclusively or from Bragg's extensive aggregated casino games portfolio, are managed from a single back-office, with 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 iGaming markets globally, including in the U.S., Canada, LatAm and Europe.


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 Bragg’s market entry into Greece via its partnership with Super Technologies; and the impact on 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 Company’s financial resources and liquidity; 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; risks associated with general economic conditions; risks related to the Company’s management; 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 favorable 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 the Company’s technology network, including computer systems and software; natural events such as severe weather, fires, floods and earthquakes; 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.


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View source version on businesswire.com: https://www.businesswire.com/news/home/20260430386445/en/
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For investor enquiries, please contact:

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Original: Bragg Powers Super Technologies’ Entry into Greece with RGS and Aggregation Offering

Bragg Gaming Group Reports Record Fourth Quarter and Full Year 2025 Revenues; Welcomes Accomplished iGaming Executive, Thomas Winter, to BoardMarch 19, 2026 7:45 AM
Business Wire
Bragg Gaming Group (NASDAQ:BRAG; TSX:BRAG) (“Bragg” or the “Company”), a leading iGaming content and platform technology solutions provider, today announced its financial results for the fourth quarter of 2025.


Fourth Quarter 2025 Financial Highlights:



Revenue Growth: Record total quarterly revenue of €27.7 million in the fourth quarter:


Revenue increase of 5.1% (excluding The Netherlands) compared to the prior year period in 2024;



The Netherlands revenue decreased 4.6% year-over-year due to the market's overall contraction caused by increased regulation and higher taxes;



Brazil revenue increased 42.1% compared to the 2024 fourth quarter with continued growth in provider onboarding; and



United States recurring revenue grew 55.0% year-over-year, driven by expanded high-margin proprietary content footprint; and



Including the impact of The Netherlands, total revenue grew 1.9% year-over-year.






Operating Loss, Net Loss and Adjusted EBITDA1: Operating loss for the quarter was €0.1 million, a €0.6 million improvement from an operating loss of €0.7 million in the same period of 2024. Net loss for the quarter was €1.3 million, or €0.05 per common share, compared to €0.7 million, or €0.03 per common share, in the same period of 2024. Adjusted EBITDA for the 2025 fourth quarter was €4.6 million (representing an Adjusted EBITDA Margin2 of 16.5%), compared to €4.7 million (representing an Adjusted EBITDA Margin of 17.2%) in Q4-2024.



Strategic Market Expansion in the United States and Brazil: Expanded U.S. content footprint through the launch of its exclusive and bespoke online casino content with Caesars Entertainment in West Virginia. Bragg also launched exclusive and aggregated content with several valued clients operating in Brazil (and other key LatAm jurisdictions), including Brazino777, Blaze, and Super Technologies.



Full Year 2025 Financial Highlights:



Revenue Growth: Record total annual revenue of €106.1 million in 2025, an increase of 4.0% compared to €102.0 in the year ended December 31, 2024.



Operating Loss, Net Loss and Adjusted EBITDA: Operating loss for 2025 was €5.3 million, compared to €3.5 million in 2024. Net loss for 2025 was €8.1 million, or €0.32 per common share, compared to €5.1 million, or €0.21 per common share, in 2024. Full year 2025 Adjusted EBITDA was €16.6 million (representing an Adjusted EBITDA Margin of 15.6%), compared to €15.8 million (representing an Adjusted EBITDA Margin of 15.5%) in 2024.



Balance Sheet Strength: During the year ended December 31, 2025, the Company fully repaid a US$7.0 million secured promissory note and entered into a financing agreement with a Tier One Canadian financial institution for certain revolving credit facilities in a maximum aggregate amount of up to US$6.0 million, replacing its prior debt at less than half the borrowing cost. During the second half of the year, the Company drew C$4.5 million in principal and US$1.1 million in overdraft in respect of Term CORRA loans. Cash and cash equivalents as of December 31, 2025 amounted to €6.7 million.



1,2Adjusted EBITDA and Adjusted EBITDA Margin are non-IFRS financial measures. For important information on the Company’s non-IFRS financial measures, see “Non-IFRS Financial Measures” below.


Fourth Quarter 2025 and Recent Business Highlights:



Bolstered Leadership Team: Appointed Morten Tonnesen as its new Chief Operating Officer and promoted Garrick Morris to the position of Executive Vice President of Global Content, U.S. & Canada.



Player Account Management (“PAM”) Expansion in Europe: Announced the extension of its existing PAM platform agreement with valued client 711.nl to include the regulated Belgian iGaming market, with potential for future Bragg-powered online casino launches in additional regulated or newly regulating iGaming markets. Also, extended its existing PAM agreement with Entain Plc (LSE: ENTL), one of the world’s largest sports betting and gaming groups for BetCity.nl, a leading Dutch market operator, and with Senator Group, an online casino market leader in Croatia.



Finnish Market Liberalization Preparations: Signed a comprehensive PAM platform and turnkey solution agreement with SuomiVeto, a market entrant led by the successful founders of BetCity.nl, focused on positioning SuomiVeto as a leading operator, and Bragg as a leading supplier, in the newly regulated Finnish iGaming market when it launches. The market is scheduled to "go live" for private operators on July 1, 2027.



Ambitious Artificial Intelligence (“AI”) Transformation Plan: Leapt into an “AI-First” future by initiating the development of the Bragg AI Brain, a data-driven artificial intelligence engine designed to power smarter decisions and intelligent products across the Bragg's Ecosystem. The transformation plan is underpinned by clear 2027 targets, including ensuring an AI-Enhanced Product becomes standard in over 90% of all launches and having more than three-quarters of Bragg's operational workflows impacted by AI.



Strategic Restructuring to Reduce Cost Structure and Improve Operating Performance: Announced a strategic restructuring, including an approximately 12% reduction of global workforce, designed to realign the organization and thereby improve its overall cost structure, drive its EBITDA growth, and shorten the time required for it to achieve sustained net profitability. The Company expects to incur restructuring costs related to this action of approximately €1.0 million associated with personnel-related termination costs in the first quarter of 2026, and it anticipates annualized cash savings from its staff reductions and other restructuring efforts to be approximately €4.5 million. This amount does not include the expected positive impact of the Company’s initiative to the Bragg AI Brain to drive cost efficiencies and improve operational excellence.



Greater Board of Directors Alignment with Shareholders: From January 1, 2026, fees are being paid to directors exclusively in deferred share units (DSUs) on a monthly basis (with no cash alternative).



Matevž Mazij, Chief Executive Officer for Bragg, commented, “We continued to execute well, delivering record revenues, strategic expansion and important AI and restructuring initiatives. We believe this positions Bragg well for 2026 and beyond to: increase our overall content market share in Brazil and the United States; pursue emerging alternative markets, such as Historical and Live Racing and Prediction Markets; move into new jurisdictions that offer opportunities for higher margin content business; deliver enhanced operational leverage; meet our goals to streamline internal processes; enhance overall efficiency across our organization; protect our cash runway; and advance us further along the path toward EBITDA growth and net profitability.”


Board Changes


The Company also announced the appointment of Thomas Winter to its Board of Directors. Mr. Winter succeeds Kent Young, who has retired from the Board. Both changes to the Bragg Board are effective immediately.


Mr. Winter brings deep knowledge of and experience in the iGaming and wagering industry. Currently a Board Member of Rush Street Interactive, which through its brands, BetRivers, PlaySugarHouse and RushBet, was an early entrant in several regulated jurisdictions, Mr. Winter began his career in the gaming sector nearly two decades ago and has since established himself as a leader in the field. In 2013, he founded Golden Nugget Online Gaming (GNOG), where he served as President. Under his leadership, GNOG became a top online gaming operator in New Jersey, achieving significant market share and recognition, went public and was later successfully sold for over $1.5 billion to DraftKings, where he developed their multi-brand online casino strategy and led their online casino business until September 2023. Before founding GNOG, he was the CEO and director of Betclic, a major European online sports betting and gaming operator, and Expekt, a pioneer brand in the online gaming industry, within the Betclic Group. Mr. Winter played a key role as COO at both businesses before being appointed CEO.


“I would like to thank Kent for his many contributions to the Company,” said Holly Gagnon, Chair of the Bragg Board. “I am also very pleased to welcome Thomas to our team. Moving forward, the Board and management team will be steadfast in our aim to close the clear and persistent gap between the Company’s public market valuation and our assessment of its intrinsic value. To that end, as Thomas is a gaming industry luminary who has earned my deep personal admiration and great professional respect, I am confident that he will be a tremendous asset to our Board and to our shareholders.”


2026 Outlook


The Company anticipates full year 2026 revenue between €97.0 million and €104.5 million and Adjusted EBITDA of €16.0 million to €19.0 million (representing an Adjusted EBITDA Margin of 16.0% to 18.0%).


Investor Conference Call


The Company will host a conference call today at 8:30 a.m. Eastern, and management will discuss the financial and operational performance of the company. A presentation of these results will be made available to download at: https://investors.bragg.group/events-and-presentations/presentations/default.aspx


To join the call, please use the below dial-in information:

USA / International Toll +1 (646) 307-1963

USA - Toll-Free +1 (800) 715-9871

Canada - Toronto +1 (647) 932-3411

Canada - Toll-Free +1 (800) 715-9871

United Kingdom Toll - +44 203 433 3846

United Kingdom Toll Free - +44 0800 358 0970

Conference ID: 3967732


The call will also be broadcast live and archived on the Company's website in the Investors section here.


About Bragg Gaming Group


Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG) is a leading iGaming content and platform technology solutions provider serving online casino, sports betting and lottery operators with its proprietary, exclusive and aggregated casino games content, and its cutting-edge player account management (“PAM”) and player engagement 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 casino games 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 iGaming brands and is supported by expert in-house managed, operational, and marketing services. Online casino games and products delivered via the Bragg HUB, either exclusively or from Bragg's extensive aggregated casino games portfolio, is managed from a single back-office, with 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 iGaming markets globally, including in the U.S., Canada, LatAm and Europe.


Cautionary Statement Regarding Forward-Looking Information


This news release contains forward-looking statements or “forward-looking information” within the meaning of the Canadian securities legislation and applicable securities laws (“forward-looking statements”), including, without limitation, statements with respect to the following: the Company’s strategic growth initiatives and corporate vision and strategy; financial guidance for 2026, expected performance of the Company’s business; expansion into new markets, strategy for customer retention, growth, product development, and market position; expected future growth and expansion opportunities; expected benefits of transactions; expected future actions and decisions of regulators and the timing and impact thereof. 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. Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “plan”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “predict”, “potential”, “targeting”, “intend”, “could”, “might”, “would”, “should”, “believe”, “objective”, “ongoing”, “imply” or the negative of these words or other variations or synonyms of these words or comparable terminology and similar expressions.


All forward-looking statements contained in this news release or the conference call 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 accurately predict its rate of growth and profitability; 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 the Company’s 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.


Non-IFRS Financial Measures


To supplement its 2025 financial statements presented in accordance with IFRS, the Company considers certain financial measures and metrics that are not prepared in accordance with IFRS. The Company uses such non-IFRS financial measures and metrics in evaluating its operating results and for financial and operational decision-making purposes. The Company believes that such measures and metrics help identify underlying trends in its business that could otherwise be masked by the effect of the expenses that it excludes in such measures.


The Company also believes that such measures provide useful information about its operating results, enhance the overall understanding of its past performance and future prospects and allow for greater transparency with respect to key metrics used by management in its financial and operational decision-making. However, these measures should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with IFRS. There are a number of limitations related to the use of such non-IFRS measures as opposed to their nearest IFRS equivalents. Accordingly, these non-IFRS measures should not be considered in isolation nor as a substitute for analysis of the Company’s financial information reported under IFRS. The Company uses the non-IFRS financial measures and metrics “EBITDA”, “Adjusted EBITDA” and “Adjusted EBITDA Margin”, each as defined below in this news release. The most directly comparable financial measure to each of EBITDA and Adjusted EBITDA is Net Loss. These non-IFRS measures are used to provide investors with supplemental measures of the Company’s operating performance and thus highlight trends in its core business that may not otherwise be apparent when relying solely on IFRS measures. The Company also believes that securities analysts, investors and other interested parties frequently use non-IFRS measures in the evaluation of issuers. The Company’s management uses non-IFRS measures in order to facilitate operating performance comparisons from period to period, to prepare annual operating budgets and forecasts and to determine components of management compensation.


The Company defined such non-IFRS measures as follows:


“EBITDA” means net income (loss) plus interest, taxes, depreciation and amortization; provided that all revenue, costs and expenses shall be recorded on an accrual basis. The Company’s method of calculating EBITDA may differ from the method used by other issuers and, accordingly, the Company’s EBITDA calculation may not be comparable to similarly titled measures used by other issuers.


“Adjusted EBITDA” means EBITDA after: (i) adding back share based compensation; (ii) adding back or deducting gain (loss) on lease modification; (iii) deducting lease payments recorded as a depreciation of right-of-use assets and lease interest expense; (iv) adding back or deducing gain (loss) on lease modification; (v) adding back or deducting gain (loss) on re-measurement of deferred consideration; (vi) adding back or deducting gain (loss) on re-measurement of derivative liability; (vii) adding back or deducting gain (loss) on settlement of convertible debt; (viii) adding back certain exceptional costs; (ix) adding back transaction and acquisition costs; and (x) adding back or deducting gain (loss) on disposal of tangible assets.


“Adjusted EBITDA Margin” means Adjusted EBITDA divided by revenue.


A reconciliation to IFRS financial measures is provided in this news release as well as in the Company’s Management’s Discussion and Analysis (“MD&A”) for the year ended December 31, 2025.


Future Oriented Financial Information


This news release and, in particular the information in respect of Bragg’s prospective revenues and Adjusted EBITDA may contain future oriented financial information (“FOFI”) within the meaning of applicable securities laws. The FOFI has been prepared by management to provide an outlook on Bragg’s proposed activities and potential results and may not be appropriate for other purposes. The FOFI has been prepared based on a number of assumptions, including assumptions with respect to customer growth and market expansion. Bragg and its management believe that the FOFI has been prepared on a reasonable basis, reflecting management’s best estimates and judgments; however, the actual results of operations of Bragg and the resulting financial results may vary from the amounts set forth herein and such variations may be material. FOFI contained in this news release was made as of the date of this news release and Bragg disclaims any intention or obligation to update or revise any FOFI contained in this news release, whether as a result of new information, future events or otherwise, unless required pursuant to applicable law.


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BRAGG GAMING GROUP INC.








CONSOLIDATED STATEMENTS OF LOSS AND COMPREHENSIVE LOSS








PRESENTED IN EUROS (THOUSANDS, EXCEPT SHARE AND PER SHARE AMOUNTS)








 






 






 






 







 






 






 







 






 






 







 






 






 









 






 






Three Months Ended December 31,






 






Year Ended December 31,








 






 






2025






 






2024






 






2025






 






2024








Revenue






 






 






27,686






 






 






 






27,160






 






 






 






106,074






 






 






 






102,001






 








Cost of revenue






 






 






(12,033






)






 






 






(11,398






)






 






 






(47,744






)






 






 






(47,956






)








Gross Profit






 






 






15,653






 






 






 






15,762






 






 






 






58,330






 






 






 






54,045






 








 






 






 






 







 






 






 







 






 






 







 






 






 









Selling, general and administrative expenses






 






 






(15,741






)






 






 






(16,877






)






 






 






(63,491






)






 






 






(57,795






)








Gain (Loss) on remeasurement of derivative liability






 






 






—






 






 






 






—






 






 






 






—






 






 






 






(94






)








Gain on settlement of convertible debt






 






 






—






 






 






 






—






 






 






 






—






 






 






 






169






 








(Loss) Gain on remeasurement of deferred consideration






 






 






—






 






 






 






461






 






 






 






(157






)






 






 






132






 








Operating Loss






 






 






(88






)






 






 






(654






)






 






 






(5,318






)






 






 






(3,543






)








 






 






 






 







 






 






 







 






 






 







 






 






 









Net interest expense and other financing charges






 






 






(495






)






 






 






(787






)






 






 






(1,072






)






 






 






(3,157






)








Loss Before Income Taxes






 






 






(583






)






 






 






(1,441






)






 






 






(6,390






)






 






 






(6,700






)








 






 






 






 







 






 






 







 






 






 







 






 






 









Income taxes (expense) recovery






 






 






(758






)






 






 






763






 






 






 






(1,725






)






 






 






1,553






 








Net Loss






 






 






(1,341






)






 






 






(678






)






 






 






(8,115






)






 






 






(5,147






)








 






 






 






 







 






 






 







 






 






 







 






 






 









Items to be reclassified to net loss:






 






 






 







 






 






 







 






 






 







 






 






 









Cumulative translation adjustment






 






 






60






 






 






 






3,406






 






 






 






(4,773






)






 






 






2,408






 








Items that will not be reclassified to net loss:






 






 






 







 






 






 







 






 






 







 






 






 









Remeasurement of employee obligations






 






 






17






 






 






 






(25






)






 






 






17






 






 






 






(25






)








Net Comprehensive Loss






 






 






(1,264






)






 






 






2,703






 






 






 






(12,871






)






 






 






(2,764






)








 






 






 






 







 






 






 







 






 






 







 






 






 









Basic Loss Per Share






 






 






(0.05






)






 






 






(0.03






)






 






 






(0.32






)






 






 






(0.21






)








Diluted Loss Per Share






 






 






(0.05






)






 






 






(0.03






)






 






 






(0.32






)






 






 






(0.21






)








 






 






 






 







 






 






 







 






 






 







 






 






 









 






 






 






Millions






 






 






 






Millions






 






 






 






Millions






 






 






 






Millions






 








Weighted average number of shares - basic






 






 






25.6






 






 






 






25.0






 






 






 






25.3






 






 






 






24.3






 








Weighted average number of shares - diluted






 






 






25.6






 






 






 






25.0






 






 






 






25.3






 






 






 






24.3










BRAGG GAMING GROUP INC.








CONSOLIDATED STATEMENTS OF FINANCIAL POSITION








PRESENTED IN EUROS (THOUSANDS, EXCEPT SHARE AND PER SHARE AMOUNTS)








 






 






 






 






 






 






 








 






 






As at






 






As at








 






 






December 31,






 






December 31,








 






 






2025






 






2024








Cash and cash equivalents






 






 






6,658






 






 






 






10,467






 








Trade and other receivables






 






 






21,122






 






 






 






20,072






 








Prepaid expenses and other assets






 






 






3,905






 






 






 






2,624






 








Total Current Assets






 






 






31,685






 






 






 






33,163






 








Property and equipment






 






 






1,198






 






 






 






1,341






 








Right-of-use assets






 






 






3,975






 






 






 






3,510






 








Intangible assets






 






 






30,421






 






 






 






35,859






 








Goodwill






 






 






31,206






 






 






 






32,722






 








Investments in associates






 






 






459






 






 






 






—






 








Other assets






 






 






405






 






 






 






—






 








Total Assets






 






 






99,349






 






 






 






106,595






 








 






 






 






 






 






 






 








Trade payables and other liabilities






 






 






25,520






 






 






 






19,946






 








Income taxes payable






 






 






1,824






 






 






 






463






 








Lease obligations on right of use assets






 






 






1,367






 






 






 






882






 








Deferred consideration






 






 






—






 






 






 






1,244






 








Share appreciation rights liability






 






 






471






 






 






 






—






 








Loans payable






 






 






3,512






 






 






 






6,579






 








Total Current Liabilities






 






 






32,694






 






 






 






29,114






 








Deferred income tax liabilities






 






 






509






 






 






 






680






 








Lease obligations on right of use assets






 






 






2,725






 






 






 






2,815






 








Share appreciation rights liability






 






 






123






 






 






 






—






 








Other non-current liabilities






 






 






596






 






 






 






487






 








Total Liabilities






 






 






36,647






 






 






 






33,096






 








 






 






 






 






 






 






 








Share capital






 






 






133,946






 






 






 






131,729






 








Contributed surplus






 






 






17,673






 






 






 






17,680






 








Accumulated deficit






 






 






(89,461






)






 






 






(81,210






)








Accumulated other comprehensive income






 






 






544






 






 






 






5,300






 








Total Equity






 






 






62,702






 






 






 






73,499






 








Total Liabilities and Equity






 






 






99,349






 






 






 






106,595






 









BRAGG GAMING GROUP INC.








SELECTED FINANCIAL GAAP AND NON-GAAP MEASURES








PRESENTED IN EUROS (THOUSANDS, EXCEPT SHARE AND PER SHARE AMOUNTS)








 






 






 






 






 






 






 






 






 








 






 






Three Months Ended December 31,






 






Year Ended December 31,








 






 






2025






 






2024






 






2025






 






2024








Revenue






 






27,686






 






 






27,160






 






 






106,074






 






 






102,001






 








Operating Loss






 






(88






)






 






(654






)






 






(5,318






)






 






(3,543






)








EBITDA






 






4,419






 






 






4,039






 






 






14,107






 






 






13,351






 








Adjusted EBITDA






 






4,561






 






 






4,682






 






 






16,549






 






 






15,790






 









BRAGG GAMING GROUP INC.








RECONCILIATION OF OPERATING LOSS TO EBITDA AND ADJUSTED EBITDA








PRESENTED IN EUROS (THOUSANDS, EXCEPT SHARE AND PER SHARE AMOUNTS)








 






 






 






 






 






 






 






 






 








 






 






Three Months Ended December 31,






 






Year Ended December 31,








 






 






2025






 






2024






 






2025






 






2024








Net Loss






 






(1,341






)






 






(678






)






 






(8,115






)






 






(5,147






)








Income taxes (expense) recovery






 






758






 






 






(763






)






 






1,725






 






 






(1,553






)








Loss Before Income Taxes






 






(583






)






 






(1,441






)






 






(6,390






)






 






(6,700






)








Net interest expense and other financing charges






 






495






 






 






787






 






 






1,072






 






 






3,157






 








Depreciation and amortization






 






4,507






 






 






4,693






 






 






19,425






 






 






16,894






 








EBITDA






 






4,419






 






 






4,039






 






 






14,107






 






 






13,351






 








Depreciation of right-of-use assets






 






(336






)






 






(204






)






 






(1,106






)






 






(806






)








Lease interest expense






 






(29






)






 






(39






)






 






(112






)






 






(123






)








Gain on lease modification






 






—






 






 






—






 






 






(105






)






 






—






 








Share based compensation






 






(203






)






 






99






 






 






1,386






 






 






809






 








Transaction and acquisition costs






 






72






 






 






90






 






 






484






 






 






162






 








Exceptional costs






 






643






 






 






1,158






 






 






1,743






 






 






2,604






 








Gain on disposal of tangible assets






 






(5






)






 






—






 






 






(5






)






 






—






 








Loss on remeasurement of derivative liability






 






—






 






 






—






 






 






—






 






 






94






 








Gain on settlement of convertible debt






 






—






 






 






—






 






 






—






 






 






(169






)








(Gain) Loss on remeasurement of deferred consideration






 






—






 






 






(461






)






 






157






 






 






(132






)








Adjusted EBITDA






 






4,561






 






 






4,682






 






 






16,549






 






 






15,790






 







 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260319014863/en/
For investor relations, please contact:

Stephen Kilmer

+1 (646)-274-3580

stephen.kilmer@bragg.group


Original: Bragg Gaming Group Reports Record Fourth Quarter and Full Year 2025 Revenues; Welcomes Accomplished iGaming Executive, Thomas Winter, to Board