Bragg Gaming Group has announced that the revenue of Oryx Gaming, which it acquired in August 2018, has more than doubled.
Despite the deal only completing in the 10 ten days of the year, Oryx contributed to 13.6 per cent of overall group revenue in the nine months ended December 31.
Bragg’s overall revenue grew 10 per cent in that period to CDN$8.8m. Subsidiary Oryx Gaming showed growth on its own account, however, posting CDN$29.2m in revenue for the full calendar year of 2018 – a 239 per cent increase compared to 2017.
Dominic Mansour, CEO of Bragg, said: “Late 2018 began a period of transformation for the company. Our priority was a complete pivot in strategy away from the old Breaking Data, including exiting the money-losing AI and agency divisions.
“We appointed a new executive team and high-profile board members, including Jim Ryan and Paul Pathak, and we also completed the acquisition of ORYX Gaming, a profitable, high-performing gaming software business.
“We’re now continuing the momentum at ORYX, growing existing customer relationships and adding new tier one customers, such as Mr Green, Betsson and Casumo, allowing us to build and expand quickly into global gaming markets.”
