Toronto-based Bragg Gaming Group Inc. announced this morning they will have a booth at the upcoming ICE Barcelona show Jan. 20-22, showing off solutions like Bragg PAM, Fuze player engagement toolset, Bragg HUB and casino content.
That news is in line with what the industry was told two days ago that the company expects double digit growth in 2025. Bragg, a global business-to-business igaming content and technology solutions provider, announced “significant” insider share purchases “demonstrating management’s confidence in the company’s undervalued shares,” according to a statement.
The company added strategic growth and liquidity initiatives are key priorities after the board’s Strategic Alternative Process conclusions for 2025, which include stronger cash generation, increase revenue diversification and accelerated proprietary content growth.
TSX trading for Bragg this morning opened at $5.19 after spiking two days ago at $5.37. The stock hit a year low of $4.23 in mid-November.
“The recent insider purchases by Bragg’s management and board underscore our confidence in the company’s near-term potential,” Bragg Chief Executive Officer Matevž Mazij said in the statement. “We remain committed to creating shareholder value and liquidity opportunities over the next year through strategic transactions, or other value-enhancing initiatives. While the strategic review process has concluded, our dedication to pursuing these objectives heading into 2025 remains unchanged.”
The statement said Bragg is “actively advancing a robust pipeline of opportunities that is anticipated to drive strong momentum as we enter 2025.”
In mid-November, Mazij ruled out a sale for the company after the strategic review.
“The alignment between management’s insider purchases and our strategic roadmap demonstrates that we’re not just talking about value creation – we’re investing alongside our shareholders while actively pursuing paths to enhanced liquidity,” he said. “While the formal review process has concluded, it has sharpened our focus on the metrics that matter most. These concrete objectives, combined with our ongoing commitment to explore opportunities that could provide meaningful liquidity events for our investors, strengthen our position. As insiders, we clearly see the potential to see this value realized in 2025.”
