Bragg Gaming Group has continued its strong upward growth trajectory over the second quarter, achieving 107 per cent revenue growth year-over-year and generating adjusted EBITDA of €1.8m against a €0.3m 2019 loss.
“We’re extremely pleased with the substantial progress we’ve achieved so far in 2020,” said Paul Pathak, chair of the board of directors at Bragg. “We’ve delivered strong revenue and EBITDA growth and have made great strides in diversifying our revenues and reaching new audiences.”
Bragg continues to focus on growing and diversifying its global footprint and winning customers in new jurisdictions, demonstrated by the signing of 11 new customers in the quarter, including MaxEnt, SuperBet and Candlebets.
The company also strengthened its unique games portfolio with the launch of an additional eight games, including games by Gamomat, Kalamba and Golden Hero.
“As we expand globally, we’ve also continued to invest in our people, platforms and products,” continued Pathak. “Our entry earlier this year into the burgeoning US gaming market has given us a foundation from which to build our presence and we’re looking at a number of promising opportunities for growth. We’re also building our presence in new markets, including eastern Europe and Latin America.”
While acknowledging the widespread adverse impact of the Covid-19 pandemic on people and businesses globally, Bragg’s business has experienced a significant uptick in consumer engagement and revenue, as the online casino gaming sector continues to expand.
