Bragg Gaming announces insider share purchases and reaffirms strategic focus
The provider also stated that strategic growth and liquidity initiatives remain key priorities following the Board’s Strategic Alternatives Process conclusion.
Key Points
- Bragg Gaming said that the insider share purchases demonstrate management’s confidence in what it believes are “undervalued” shares
- CEO Matevž Mazij stated that stronger cash generation, increased revenue diversification, accelerated proprietary content growth and enhanced margins will all be areas of focus in 2025
Bragg Gaming has announced significant insider share purchases in order to demonstrate management’s confidence in what Bragg described as “undervalued” shares and reaffirmed its strategic focus ahead of 2025.
“The recent insider purchases by Bragg’s management and board underscore our confidence in the company’s near-term potential. We remain committed to creating shareholder value and liquidity opportunities over the next year through strategic transactions, or other value-enhancing initiatives,” Bragg Gaming CEO Matevž Mazij said.
“Furthermore, the strategic review process provided invaluable insights into the key factors potential acquirers prioritize when crafting bids that accurately reflect our intrinsic value. We’ve identified key focus areas, such as stronger cash generation, increased revenue diversification, accelerated proprietary content growth and enhanced margins.”
During the third quarter of 2024, Bragg recorded revenue of €26.2m ($27.7m), representing an increase of 15.9% year-on-year, with 40% proprietary online content revenue growth helped by expanded distribution of content in the US.
Bragg Gaming emphasized that strategic growth and liquidity initiatives remain key priorities following the Board’s Strategic Alternatives Process conclusion.
Good to know: Bragg Gaming launched its new games in Pennsylvania and in the Canadian province of Ontario in partnership with Caesars Digital on August 20
“The alignment between management’s insider purchases and our strategic roadmap demonstrates that we’re not just talking about value creation, we’re investing alongside our shareholders while actively pursuing paths to enhanced liquidity,” Mazij said.
“While the formal review process has concluded, it has sharpened our focus on the metrics that matter most. These concrete objectives, combined with our ongoing commitment to explore opportunities that could provide meaningful liquidity events for our investors, strengthen our position. As insiders, we clearly see the potential to see this value realized in 2025.”
The company also stated that it plans to actively advance on opportunities in order to drive strong momentum as it enters 2025.
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