Bragg Gaming has received all required regulatory approvals to acquire Spin Games LLC. The Pennsylvania Gaming Control Board’s authorized the sale.
Bragg Gaming expects the transaction to occur in early 2022.
“As we near the completion of our Spin Games acquisition, we are excited by our near-term US growth prospects, as the transaction marks further progress against our content monetization and addressable market expansion initiatives,” said Yaniv Spielberg, Chief Strategy Officer for Bragg Gaming.
Spielberg also said the company anticipates the total addressable market will continue to expand as new states approve iGaming. He is hopeful that Bragg Gaming will remain in a position for future growth.
Kent Young, Spin Games’ Founder and CEO, said, “Our enthusiasm for becoming part of the Bragg family continues to grow as we see firsthand the Company’s ability to execute on its near-and long-term growth strategy. Based on the progress already achieved with our integration plan, we can hit the ground running following the completion of the transaction.”
“Spin’s existing relationships with the leading U.S. iGaming operators and accomplished management team under Kent Young will significantly accelerate our entry into the US iGaming market,” said Spielberg, “and we remain on schedule to substantially grow our year-end 2022 total addressable market to more than $18bn.”
Young also echoed excitement about what’s to come.
“We are confident that the combination of our existing footprint and extensive relationships with leading North American iGaming operators combined with Bragg’s focus on technology, highly engaging content and distribution will strengthen the combined company’s competitive position in this rapidly growing market,” said Young.
