Bragg’s ORYX gaming license awarded in Greece
Greek market supply license expands scope of Bragg regulated market
TORONTO, August 09, 2021– (BUSINESS WIRE) – Bragg Gaming Group (TSX: BRAG, OTC: BRGGF) (“Bragg” or the “Company”) announced today that its wholly-owned subsidiary ORYX Gaming (“ORYX”) has been licensed to deliver its exclusive content through its proprietary remote game server to operators in Greece by the Hellenic Gaming Commission.
ORYX is now operational and fully compliant in the jurisdiction, which has moved from an interim framework to a fully regulated framework, in line with a general trend among European countries in recent years.
The A1 license allows ORYX to provide its licensed Greek customers, including OPAP, Stoiximan, Betsson and NetBet, with more online casino brands that are expected to be brought to market via the ORYX Hub distribution platform. the company this year.
Chris Looney, Commercial Director of Bragg said: “Greece has the potential to become an important market for the group and this license strengthens our commitment to our customers in the jurisdiction and represents a further step for us in our expansion plans on regulated markets in Europe, North America and around the world.
“Our technology is flexible and allows us to quickly adapt to new market regulations. We look forward to entering many new markets in the coming quarters with our in-house developed content, player engagement tools and our third party content.
“We have a superb new roadmap of exclusive games coming up, including a growing proportion of our own in-house studios, and we look forward to bringing them to Greek slots fans.”
ORYX is already licensed in Malta and Romania, and is otherwise certified or approved to offer its content in multiple jurisdictions including Sweden, Denmark, Spain, Portugal, Czech Republic, Croatia, Serbia, Switzerland, Gibraltar, Estonia, Latvia, Colombia and, once the market opens as planned in Q4 2021, in the Netherlands. It is in the process of obtaining further licenses in the UK, Belgium and the US states of New Jersey, Pennsylvania and Michigan, and is in the process of obtaining certification to supply in Italy.
About Bragg Gaming Group
Bragg Gaming Group (TSX: BRAG, OTC: BRGGF) (“Bragg”) is a growing global gaming content and technology group and owner of leading B2B companies in the iGaming industry. Since its inception in 2018, Bragg has grown to include operations in Europe, North America and Latin America and is emerging as an international force in the global online gaming market.
Through its wholly owned subsidiary ORYX Gaming, Bragg provides exclusive, proprietary and aggregated casino content through its in-house Remote Game Server (RGS) and distribution platform ORYX Hub. ORYX offers a complete turnkey iGaming solution, including its Player Account Management (PAM) platform, as well as managed operational and marketing services.
Nevada-based Wild Streak Gaming is Bragg’s wholly-owned U.S. premium gaming content studio. Wild Streak has a popular portfolio of casino games that are offered by land-based, online and social casino operators in global markets including the US and UK.
In May 2021, Bragg announced plans to acquire Nevada-based Spin Games, a provider of B2B gaming technology and content currently serving the US market. Spin is licensed in the major US states regulated by iGaming and provides Tier 1 operators in the region.
Find out more.
Caution regarding forward-looking information
This press release may contain forward-looking statements or “forward-looking information” within the meaning of applicable Canadian securities laws (“forward-looking statements“). Forward-looking statements are provided for the purpose of presenting information about management’s current expectations and plans for the future and to provide readers with a better understanding of the expected operating environment of the Company. Often, but not still, forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “expected”, “estimates “,” Forecast “,” intention “,” anticipates “or” does not anticipate “, or” believes “, or describes an” objective “, or a variation of such words and expressions or declares that certain actions, events or results “could”, “could”, “would”, “could” or “will” be taken, occur or be achieved.
All forward-looking statements reflect the beliefs and assumptions of the Company based on information available at the time the statements were made. Actual results or events may differ from those predicted in these forward-looking statements. All of the Company’s forward-looking statements are qualified by the assumptions that are stated or inherent in such forward-looking statements, including the assumptions listed below. Although the Company believes these assumptions to be reasonable, this list is not exhaustive of the factors that could affect any of the forward-looking statements. The key assumptions that have been made in connection with the forward-looking statements are as follows: the impact of COVID-19 on the Company’s business; the counter-cyclical growth of the Company’s activity; the regulatory regime governing the activities of the Company; the operations of the Company; the products and services of the Company; the Company’s customers; the growth of the Company’s activities, which may not be achieved or achieved within the time limits indicated or not at all; integration of technology; and the size and / or expected revenues associated with the global gaming market.
Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from results, predictions, projections, forecasts, performance or achievements. futures expressed or implied by forward-looking statements. These factors include, among others, the following: risks related to the business and financial situation of the Company; that the Company may not be able to accurately predict its rate of growth and profitability; the risks associated with the completion of the acquisition of Spin; risks associated with general economic conditions; adverse industry events; future legislative and regulatory developments; the inability to access sufficient capital from internal and external sources and on favorable terms; performing growth estimates, income taxes and regulatory matters; the Company’s ability to implement its business strategies; competetion; economic and financial conditions, including volatility of interest and exchange rates, commodity and equity prices; changes in customer demand; disruptions to our technology network, including computer systems and software; natural events such as severe weather, fires, floods and earthquakes; and the risks associated with health pandemics and the epidemic of communicable diseases, such as the current outbreak of COVID-19. Although the Company has attempted to identify material factors which could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors which may cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors which may cause actions, events or results are not as expected, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Therefore, readers should not place undue reliance on forward-looking statements.
The Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.
See the source version on businesswire.com: https://www.businesswire.com/news/home/20210809005135/en/
Chief Strategy Officer
Joseph Jaffoni, Richard Land, James Leahy
212-835-8500 or [email protected]