Bragg Gaming Group’s recently appointed CEO, Matevž Mazij, has sat down to discuss the iGaming supplier’s plans for 2024. The company eyes further expansion across regulated markets including bolstering activities in North America and Latin America. He also shared that the provider is on course to issue over 60 new exclusive games this year.
Mr. Mazij who is one of the company’s largest stakeholders and founder of its Oryx Gaming subsidiary, was appointed as CEO in August 2023. He assumed the position effective immediately and replaced the Yaniv Sherman. His appointment was made after a detailed evaluation was done by the Board to ensure optimal alignment of the best interests of the company and stakeholders.
What’s in Store for Bragg?
As the new CEO of the firm, Mr. Mazij shared that he wants the company to continue delivering on its strategy of expansion in the US and Canadian markets while also entering Brazil’s rapidly developing sector. For this, the company will utilize its Bragg Studios brands, such as Wild Streak Gaming, Atomic Slot Lab, Indigo Magic and Spin Games as well as Powered by Bragg partners.
He added the company will work on developing our Fuze™ player engagement toolset and our player account management platform. The CEO also mentioned that the company is interested in Mexico’s and Brazil’s expanding sectors. Furthermore, the firm will be attending G2E Las Vegas where it will have its own booth #3637, where it will be able to strike connections and potential partnerships.
In addition to that, Mr. Mazij noted that the iGaming leader is on course to release over 60 new exclusive games by the end of the year. They will be produced by its Bragg Studios and Powered by Bragg partners, with the highlight shortly being the first game release from its collaboration with Sega Sammy Creation.
Currently, the company’s biggest market is Europe, but the CEO said the provider will turn its focus on the U.S. which is the largest sector in the world. He also reminds that during his time on the Board, he had a major part in the acquisition and integrations of Wild Streak Gaming and Spin Games, which are two Nevada-based firms that will prove pivotal in the company’s expansion efforts in the US.
Posting Q2 Numbers
Just recently, the iGaming aggregator and supplier of content issued its financial report for the second quarter of 2023. For Q2, it reported that revenue jumped by 18.9% to US$27.2 million which was a solid upgrade over the US$22.9 million from Q2 of 2022. Meanwhile, wagering proceeds produced by the company’s games and content increased to US$6.1 billion.
The gaming provider saw an increase in gross profits by 18.9% of US$15.2 million from US$12.8 million in the same quarter of last year. This translated to gross profit margin of 55.9%. Also, net income for the quarter was US$0.4 million, which was also an improvement from US$0.1 million over the same quarter but from the last calendar year.
Source: “Matevž Mazij for Gambling Insider: US expansion, LatAm and 60 new games coming soon” Bragg Gaming Group, September 18, 2023