Higher than expected growth for Bragg Gaming Group

Canada’s Bragg Gaming Group, the B2B gaming technology platform supplier, expects revenue to be about €26m for the financial year 2019.

This is higher than expected and represents growth of over 37 per cent compared with the previous year. The EBITDA should be around €1.4m, positive for the first time. The company has Oryx Gaming, the platform provider and casino content aggregator, in its portfolio.

New client wins are among the main reasons for its improved forecast, notably Unibet, Betsson, Leo Vegas, BetClic and Mr Green. Another reason is the growth in regulated revenues in Columbia, Romania, Sweden and Croatia.

Revenue for 2020, says Bragg, should be within the €35-38m range, up another 48 per cent, with EBITDA of about €5.5m. The group is also optimistic about its German business that represents around 40 per cent of revenue, through changes in regulations.