License to supply in Greek market extends
Bragg’s regulated market reach
Bragg Gaming Group (TSX:BRAG, OTC: BRGGF) ("Bragg" or the
"Company") announced today that its wholly-owned subsidiary
ORYX Gaming (“ORYX”) has been granted a license to supply
its exclusive content via its proprietary remote games server to
operators in Greece by the Hellenic Gaming Commission.
ORYX is now live and fully compliant in the jurisdiction, which
has moved from an interim framework to become fully regulated, in
line with a general trend among European countries in recent
years.
The A1 license enables ORYX to supply its Greek licensed
customers including OPAP, Stoiximan, Betsson and NetBet, with more
online casino brands expected to go live in the market via the
Company’s ORYX Hub distribution platform this year.
Chris Looney, Chief Commercial Officer at Bragg said “Greece has
the potential to become an important market for the group and this
license underpins our commitment to our customers in the
jurisdiction and represents a new milestone for us in our plans for
expansion in regulated markets in Europe, North America and
globally.
“Our technology is flexible, and it gives us the agility to
adapt quickly to new market regulations, and we look forward to
launching in many more new markets over the coming quarters with
our in-house developed content, our player engagement tools and
exclusive third-party content.
“We have a superb new roadmap of exclusive games coming up,
including an increasing proportion from our own in-house studios,
and we can't wait to bring them to Greek slots fans.”
ORYX is already licensed in Malta and Romania, and is otherwise
certified or approved to offer its content in multiple
jurisdictions including Sweden, Denmark, Spain, Portugal, Czech
Republic, Croatia, Serbia, Switzerland, Gibraltar, Estonia, Latvia,
Colombia and, once the market opens as anticipated in Q4 2021, the
Netherlands. It is in the process of obtaining further licenses in
the UK, Belgium and in the U.S. states of New Jersey, Pennsylvania
and Michigan, and is in the process of obtaining certification to
supply in Italy.
About Bragg Gaming Group
Bragg Gaming Group (TSX:BRAG, OTC: BRGGF) ("Bragg") is a growing
global gaming technology and content group and owner of leading B2B
companies in the iGaming industry. Since its inception in 2018,
Bragg has grown to include operations across Europe, North America
and Latin America and is expanding into an international force
within the global online gaming market.
Through its wholly-owned subsidiary ORYX Gaming, Bragg delivers
proprietary, exclusive and aggregated casino content via its
in-house remote games server (RGS) and ORYX Hub distribution
platform. ORYX offers a full turnkey iGaming solution, including
its Player Account Management (PAM) platform, as well as managed
operational and marketing services.
Nevada-based Wild Streak Gaming is Bragg's wholly owned premium
US gaming content studio. Wild Streak has a popular portfolio of
casino games that are offered across land-based, online and social
casino operators in global markets including the U.S. and U.K.
In May 2021, Bragg announced its planned acquisition of
Nevada-based Spin Games, B2B gaming technology and content provider
currently servicing the U.S. market. Spin holds licenses in key
iGaming-regulated U.S. states and supplies Tier 1 operators in the
region.
Find out more.
Cautionary Statement Regarding Forward-Looking
Information
This news release may contain forward-looking statements or
"forward-looking information" within the meaning of applicable
Canadian securities laws ("forward-looking statements").
Forward-looking statements are provided for the purpose of
presenting information about management’s current expectations and
plans relating to the future and allowing readers to get a better
understanding of the Company's anticipated operating environment.
Often, but not always, forward-looking statements can be identified
by the use of words such as "plans", "expects" or "does not
expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or describes a "goal", or variation of such words and
phrases or state that certain actions, events or results "may",
"could", "would", "might" or "will" be taken, occur or be
achieved.
All forward-looking statements reflect the Company's beliefs and
assumptions based on information available at the time the
statements were made. Actual results or events may differ from
those predicted in these forward-looking statements. All of the
Company's forward-looking statements are qualified by the
assumptions that are stated or inherent in such forward-looking
statements, including the assumptions listed below. Although the
Company believes that these assumptions are reasonable, this list
is not exhaustive of factors that may affect any of the
forward-looking statements. The key assumptions that have been made
in connection with the forward-looking statements include the
following: the impact of COVID-19 on the business of the Company;
the countercyclical growth of the business of the Company; the
regulatory regime governing the business of the Company; the
operations of the Company; the products and services of the
Company; the Company's customers; the growth of Company's business,
which may not be achieved or realized within the time frames stated
or at all; the integration of technology; and the anticipated size
and/or revenue associated with the gaming market globally.
Forward-looking statements involve known and unknown risks,
future events, conditions, uncertainties and other factors that may
cause actual results, performance or achievements to be materially
different from any future results, prediction, projection,
forecast, performance or achievements expressed or implied by the
forward-looking statements. Such factors include, among others, the
following: risks related to the Company’s business and financial
position; that the Company may not be able to accurately predict
its rate of growth and profitability; the risks associated with the
completion of the acquisition of Spin; risks associated with
general economic conditions; adverse industry events; future
legislative and regulatory developments; the inability to access
sufficient capital from internal and external sources and on
favorable terms; realization of growth estimates, income tax and
regulatory matters; the ability of the Company to implement its
business strategies; competition; economic and financial
conditions, including volatility in interest and exchange rates,
commodity and equity prices; changes in customer demand;
disruptions to our technology network including computer systems
and software; natural events such as severe weather, fires, floods
and earthquakes; and risks related to health pandemics and the
outbreak of communicable diseases, such as the current outbreak of
COVID-19. Although the Company has attempted to identify important
factors that could cause actual actions, events or results to
differ materially from those described in forward-looking
statements, there may be other factors that cause actions, events
or results not to be as anticipated, estimated or intended. There
can be no assurance that forward-looking statements will prove to
be accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking
statements.
The Company disclaims any intention or obligation to update or
revise any forward-looking statements whether as a result of new
information, future events, or otherwise, except in accordance with
applicable securities laws.
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version on businesswire.com: https://www.businesswire.com/news/home/20210809005135/en/
Yaniv Spielberg Chief Strategy Officer Bragg Gaming Group
info@bragg.games Joseph Jaffoni, Richard Land, James Leahy JCIR
212-835-8500 or bragg@jcir.com
Bragg Gaming (TSX:BRAG)
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