Bragg Gaming Group Provides Business Update - Seite 2

To that end, the Group is working with a third-party investment bank and financial partners to support further evaluation of its options.

Dominic Mansour, CEO of Bragg, stated, “We have fostered a great relationship with the Oryx team throughout 2019 and will continue to work together to ensure the Group continues along a path towards long-term growth.  We are exceptionally well positioned in a lucrative industry and we believe that the current valuation does not reflect the potential of the Group and are together working on finding a solution.”

GMS Strategic Review
In August 2019, the Group announced a strategic review of their Online Media Division, including their GiveMeSport and GiveMeBet assets.  The Group concluded the third-party led review in January 2020, in line with their initial timeline, and is pleased to announce that it is currently in an exclusivity period with a preferred partner for the sale of the business.  The Group aims to finalize and close this transaction by the end of 1Q20 and will provide further updates to the market when possible.

“I am very pleased with the immense progress we’ve made throughout 2019 and with our position looking into 2020,” stated Dominic Mansour, CEO of Bragg.  

”We are keen to capitalize on the strong growth in the gaming industry and are focused on continually improving our B2B operations by building new relationships with large operators across Europe, Latin America and the United States, as well as partnering with notable industry players who complement our offering.”

“We have an exciting 1Q20 ahead with several important announcements in the pipeline, and I look forward to updating the investment community as we continue to execute on our strategy.”

About Bragg Gaming Group
Bragg Gaming Group Inc. (TSXV:BRAG, OTC:BRGGF) is a next generation gaming group with cutting-edge technology, leading brands and world-class management expertise, developing into a global gaming force. Formed by a team of gaming industry experts, Bragg’s main portfolio is ORYX Gaming, an innovative B2B gaming technology platform and casino content aggregator.

Through this brand and targeted acquisitions, Bragg is focused on becoming a leader within the evolving global gaming industry. Learn more at https://www.bragg.games.

For Bragg Gaming Group, contact:
Yaniv Spielberg, CSO, Bragg Gaming Group
[phone]
[e-mail]

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