Bragg Gaming, a prominent games provider, has reported impressive financial results, highlighting a 50% YoY increase in adjusted EBITDA, which now stands at €4.7m. This significant growth has been attributed to the company’s strategic shift towards higher-margin products. This includes the development and promotion of in-house proprietary content as well as exclusive content sourced from third-party providers. As a result of these initiatives, Bragg Gaming witnessed a 19% increase in revenue, reaching a total of €24.7m. In terms of geographical expansion, Bragg Gaming has been aggressively pushing into the North American market. This is evident from their recent collaborations, as they have successfully launched their content with seven operators spread across the US, Canada, and Mexico. Simultaneously, the company has been strengthening its foothold in […]

The company’s B2B operations are facing increasing headwinds, as evidenced by a significant 30% YoY decline in revenues, which now stand at $9.9m. Despite this setback, CEO Dermot Smurfit remains optimistic, highlighting the “continued strength” in the company’s international B2C segment. This segment reported a 15% increase in revenue, bringing the figure to $23.9m. As a result, the overall revenue decline for the company was limited to just over 3%, with total revenues amounting to $33.8m. However, the financial challenges are further underscored by the company’s adjusted EBITDA. The latest figures reveal a loss of $2m, a stark contrast to the profit of $1.3m reported during the same period last year. In light of these financial results, the company has indicated that it has received […]

Entain’s chairman, Barry Gibson, has been making concerted efforts to distance the current management of Entain from the previous management team at GVC. The narrative presented is one of a company making strides to move past its historical challenges. Entain is set to provision a substantial £585m to cover the Deferred Prosecution Agreement with HMRC and the Crown Prosecution Service. This figure, as Gibson pointed out, is significant because it pertains to a business that was highly profitable for a long duration. He further mentioned that more details regarding this would be made public around mid-October when a statement of fact will be presented in court. Gibson emphasized Entain’s commitment to operating solely in markets that are either “regulated or regulating”. He stated that if […]