Bragg Gaming Group given the green light to operate in Gibraltar

Article by : Charles Perrin Sep 7, 2023

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The company has confirmed that Bragg Gaming Group has secured a license to operate in Gibraltar.

The B2B software developer is licensed in more than 25 countries worldwide, including the UK, Malta, and Belgium, and it has set its sights on expanding its footprint worldwide. Bolstering its presence across North America and Europe is crucial to the company’s overarching strategy.

However, Bragg Gaming Group won’t be the only gambling company to function in Gibraltar, a British overseas territory. No, Gibraltar is also the home to other reputable gambling brands, such as William Hill and Bet365.

The announcement is big news for the software developer seeking to grow in other regulated markets and increase its product portfolio.

Bragg President and Chief Operating Officer Lara Falzon deemed this an “important milestone” for the company, as they are also approved in US states such as New Jersey and Pennsylvania.

She said, “This license will enable us to expand our presence in key regulated markets further.

“We have seen significant growth over the last few months, entering new markets and boosting our reach in established ones. This license is an important milestone as we continue our journey.

“We’re looking forward to collaborating with new partners and introducing our content on their online casino platforms.”

This has undoubtedly been a busy period for all those connected to Bragg, as the group recently appointed a new CEO, with Matevz Mazij replacing Yaniv Sherman.

Indeed, Sherman only spent a year in the role after joining Bragg in June 2022, but Mazij is a focal point of the company. He is Bragg’s largest shareholder, and he founded Oryx Gaming.

But as far as the Gibraltar license is concerned, this has provided Bragg another chance to flex its financial muscle in a thriving market.

Bragg has an enormous portfolio, with over 5,000 aggregated casino games in its roster, and it is also listed on the NASDAQ. On the most recent viewing, shares climbed by more than 1%.

Meanwhile, Bragg has been flying. It is coming off the back of a robust set of financial results as they saw revenues soar by 18.7% to €24.7million for the second quarter of 2023 compared to the same period the year before.