Revenue rises 10% as Bragg secures exclusive licensing agreement with Bluberi
Content from Bluberi’s portfolio of slot games will be adapted for the online market by Bragg.
Bragg Gaming has today announced its financial results for the period ending September 30, 2021, highlighting a revenue growth of 10%.
Concurrently, the gaming company has announced the signing of an exclusive global content licensing agreement with Bluberi, a Las Vegas-based supplier.
The company reached total revenue of $15m for Q3, an increase of 10% from the $13.5m. The company’s number of unique players also grew, reaching record numbers and coming in at 2.1 million, a 14% increase.
Bragg’s adjusted EBITDA fell, however, decreasing by 23% to approximately $1.6m, an issue that has been attributed to the company’s continued effort to support growth initiatives.
“Bragg’s strong 2021 third quarter financial performance and our increased guidance reflect the contributions from our comprehensive growth initiatives, including the consistent progress we have achieved with new market diversification and our ability to offer more new high-performing propriety and exclusive third-party online content,” said Richard Carter, CEO of Bragg Gaming Group.
“Bragg continues its transformation into a leading, content-focused, B2B iGaming provider with a scalable technology stack featuring unique player engagement tools that consistently drive strong game performance,” he continued.
“Our technology advantages, combined with our ability to offer an increasing number of high-performing proprietary and third-party exclusive games, are expected to boost our ability to deliver strong financial results as we continue to expand our presence into new North American and European markets.”
Meanwhile, the B2B gaming organziation has agreed a five-year licensing agreement with Bluberi, a supplier with a focus on land-based Class II, Class III, and tribal lottery system markets.
Per the terms of the agreement, content from Bluberi’s portfolio of slot games will be adapted for the online market. This process will be led by Doug Fallon, Bragg’s director of content and Founder of Wold Streak Gaming.
This deal aims to further Bragg’s content strategy by expanding its line up of exclusive games.
“Our initial efforts with Bluberi will focus on deploying select titles throughout North America next year before we then expand the reach of their games via our global footprint in Europe and Canada, following the completion of our acquisition of Spin Games later this year. We look forward to working with Bluberi’s team to bring their popular games to the fast-growing online market,” stated Carter.
“Our new partnership with Bragg represents further expansion in the distribution of our player-popular land-based content into the global iGaming marketplace,” added Andrew Burke, chief executive officer of Bluberi.
“We are delighted to work with their team and to leverage the power of their RGS platforms to ensure that players can access Bluberi content wherever they reside and whenever they please.”
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