Strategy

Bragg Gaming applies to list on Nasdaq Stock Market

| By Robert Fletcher
iGaming software provider Bragg Gaming Group has announced plans to list its shares on the Nasdaq Stock Market.

Bragg has filed an application to list its common shares and will seek permission from shareholders to proceed with the listing at its annual general meeting on 28 April.

The provider, which currently lists its shares on the Toronto Stock Exchange and will continue to do so, has proposed a ratio of up to one share for 15 shares, while in the event that a share consolidation is required to meet Nasdaq requirements, this would take effect at least five business days prior to listing.

Bragg added that there is no guarantee the listing will go ahead, saying it must first satisfy all Nasdaq quantitative and qualitative listing standards.

Meanwhile, Bragg also revealed that its Oryx Gaming subsidiary has signed a licensing and revenue sharing deal with Grand Casino Baden, the first licensed online casino operator in Switzerland.

The operator’s Jackpots.ch online casino brand will now feature a selection of content from Oryx’s exclusive RGS partner Gamomat, including titles such as Royal Seven, Ramses Book, Crystal Book and Take 5.

Content will be integrated into the player account management platform of Gamanza.

“The content we offer is the perfect fit for Swiss players, and our seamless integration makes it easy for online casino operators like Grand Casino Baden to add our games to their platform and increase their audience and player engagement, ultimately increasing revenue,” Oryx managing director Matevž Mazij said.

Grand Casino Baden chief strategy officer Marcel Tobler added: “We have had a strong start to our online operations thanks to the wide, diverse and entertaining content we have to offer.

“By partnering with Oryx our customers will gain access to the innovative and fun titles that will resonate well with slot fans. We’re excited about this revenue sharing agreement.”

The double announcement comes after Bragg last week also unveiled former SBTech chief Richard Carter as its new chief executive. Currently chair of the Bragg board, Carter will assume his new role from May 1.

Carter replaces Adam Arviv, the founder of Bragg, who took over as interim CEO in September last year.

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