Matev Mazij, the latest CEO of Bragg Gaming Group, has been seated to discuss the iGaming supplier’s plans for 2024. 카지노사이트 The company is watching further expansion across regulatory markets, including ramping up activity in North America and Latin America. He also said the vendor will release more than 60 new exclusive games this year.
Mr. Mazij, one of the company’s largest stakeholders and founder of its Oryx Gaming subsidiary, was appointed CEO in August 2023, and he immediately took up a valid position and replaced Yaniv Sherman. His appointment came after the Board of Directors conducted a detailed evaluation to optimally align the best interests of the Company with its stakeholders.
As the company’s new CEO, Mr. Majiz said he hoped the company would continue to carry out expansion strategies in the U.S. and Canadian markets, while also entering the fast-developing Brazilian sector. To that end, the company will leverage Bragg studio brands such as WildStreak Gaming, Atomic Slot Lab, Indigo Magic, and Spin Games, as well as Powered by Bragg partners.
He added that the company will work on developing a Fuze™ player engagement toolset and player account management platform. The CEO also noted that the company is interested in expanding sectors in Mexico and Brazil. The company will also be able to attend G2E Las Vegas and have its own booth #3637 to enter into potential partnerships with human connections.
In addition, Mr. Majiz noted that iGaming Reader is releasing more than 60 new exclusive games by the end of the year. The games will be produced by Bragg Studios and Powered by Bragg partners, with the release of the first games coming soon in collaboration with Sega Sammy Creation being the highlight.
Currently, the company’s biggest market is Europe, but the CEO said the company will turn its focus to the U.S., the largest sector in the world. He is also a reminder that while on the board, he played a major role in the acquisition and integration of two Nevada-based companies, WildStrik Gaming and SpinGames, which will be pivotal to the company’s U.S. expansion efforts.
The iGaming aggregation and content provider recently released its financial report for the second quarter of 2023. Q2 revenue rose 18.9% to $27.2 million, up $22.9 million from Q2 2022. Meanwhile, betting revenue from the company’s games and content rose to $6.1 billion.
The gaming operator reported an 18.9% increase in gross profit compared to $15.2 million compared to $12.8 million in the same period last year, which totaled a 55.9% gross profit margin. In addition, net income for the quarter was $400,000, an improvement of $100,000 from the same period last year.