TORONTO–(BUSINESS WIRE)–Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG), (“Bragg” or “the Company”) introduced as we speak that it accomplished its beforehand introduced acquisition of Spin Games LLC (“Spin Games”) in a money and inventory transaction valued at roughly USD$30 million. The Spin Games acquisition supplies for a differentiated and broadly distributed iGaming product providing and accelerates Bragg’s North American progress.
Bragg will instantly leverage Spin’s U.S. iGaming relationships to introduce new proprietary and unique third-party on-line on line casino content material developed to deal with the preferences of U.S. and Canadian gamers and to cross-sell its present player-popular European on line casino content material. The Company expects to launch its first proprietary video games – Egyptian Magic, Fairy Dust and Paradise Ticket in addition to unique video games from associate studios – on its distant gaming server (RGS) with an preliminary roll-out in Connecticut, Michigan and New Jersey anticipated to start in Q3 2022, with video games in Pennsylvania anticipated to comply with.
The mixed Bragg/Spin Games’ providing positions the Company to ship premium iGaming content material into the quickly rising U.S. market, supported by superior participant engagement know-how. Bragg will ship the advantages of its proprietary and unique content material and know-how mixed with Spin Games’ native market know-how and operator relationships with greater than 30 North American clients, together with main operators. Spin Games’ present RGS and on line casino content material are absolutely licensed and distributed in New Jersey, Pennsylvania and Michigan and are licensed and pending go-live in Connecticut and British Columbia, Canada. Spin Games has a proprietary content material portfolio of greater than 30 in-house developed video games, together with in high-demand classes equivalent to slots, video poker, motion bingo and keno. Spin Games may even increase Bragg’s present content material portfolio with quite a few standard third-party titles from well-known, land-based slot producers.
Yaniv Spielberg, Chief Strategy Officer for Bragg, stated, “Combining our RGS, superior participant engagement instruments, knowledge analytics capabilities and our latest recreation content material developed particularly to enchantment to North American gamers, with Spin Games’ state gaming licenses and established integrations with on-line on line casino operators comprising the bulk of the U.S. market considerably accelerates our entry into the North America iGaming market.
“We are positioned to shortly develop our U.S. market presence over the subsequent a number of months starting with our iGaming content material and supporting recreation optimization applied sciences. In addition, our confirmed participant account administration (PAM) platform which powers a number of main iGaming and sports activities e-book manufacturers in Europe, together with our full managed operational and advertising and marketing providers permits us to supply a whole answer to on-line playing operators of any measurement in at the moment regulated states and as extra states approve iGaming.”
“With greater than 30 years of expertise within the North American gaming sector, Spin Games’ founder and CEO Kent Young will function our President – Americas and oversee our U.S. market roll-out progress technique. We’re delighted to welcome Kent and your entire Spin Games crew to Bragg and look ahead to collaboratively driving the profitable execution of this key progress initiative.”
Kent Young added, “I’m delighted to now be a component of the Bragg crew and I’m assured the corporate is completely positioned to leverage our main RGS know-how and proprietary and third-party content material to shortly execute on our U.S. and Canada iGaming growth plan. In addition to strengthening our help of present clients and markets, the mixed firm is positioned to speed up the growth of our propriety content material library, pursue new markets, and leverage our know-how to shortly help iGaming in new states and provinces as they open.”
About Bragg Gaming Group
Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG) is a content-driven iGaming know-how supplier and proprietor of main B2B corporations within the iGaming business. Since its inception in 2018, Bragg has grown to incorporate operations throughout Europe, North America and Latin America and is increasing into a world pressure throughout the world on-line gaming market.
Through its wholly owned subsidiary ORYX Gaming, Bragg delivers proprietary, unique and aggregated on line casino content material through its in-house distant video games server (RGS) and ORYX Hub distribution platform. ORYX affords a full turnkey iGaming answer, together with its Player Account Management (PAM) platform, in addition to managed operational and advertising and marketing providers. Nevada-based Wild Streak Gaming is Bragg’s wholly owned premium US gaming content material studio. Wild Streak has a preferred portfolio of on line casino video games which can be provided throughout land-based, on-line and social on line casino operators in world markets together with the U.S. and U.Okay. Nevada-based Spin Games is Bragg’s wholly owned B2B gaming know-how and content material supplier at the moment servicing the U.S. market. Spin holds licenses in key iGaming-regulated U.S. states and provides Tier 1 operators within the area.