Bragg Gaming Group enjoys a tremendous start of the month, as the company continues its ambitious expansion in the gaming sector. On June 2, the iGaming technology and content provider has announced its purchase of Wild Streak gaming, which is a Las Vegas-based gaming content developer and it prides itself with its premium slot portfolio of 39 casino titles.
Bragg Gaming Group is an international B2B gaming technology and content provider company. Ever since its inception in 2012, the corporation has acquired numerous global partnerships in Europe and Latin America. The company continues to pursue its goal of further establishing itself as a top brand in the gaming industry.
Multi-Million Deal
The B2B company has inked an official agreement to purchase all of Wild Streak Gaming’s outstanding membership interests in a cash and stock transaction in a total of around US$30 million. The developer will receive approximately US$10 million in cash and US$20 million worth of common shares from its now-parent company over the course of the next three years.
Thanks to the agreement, Bragg Gaming Group will gain access to the developer’s top-quality gaming content such as its library of 39 premium casino titles. It also provides several exceptional land-based titles, and a strong suite of intellectual property along with know-how and game designs, and many services that are specifically designed for the US markets.
The developer’s design team is compiled of experienced and innovative individuals from the gaming industry. This includes the famous slot designer, founder, and current CEO of the studio – Doug Fallon. Mr. Fallon has a significant role in the company’s success thanks to his rich practices in the industry and over the years the developer has produced many land-based slot titles and brands for numerous successful brick-and-mortar casino entities.
CEO of the B2B provider, Richard Carter praised Mr. Doug and his team, as he stated that they have managed to record an impressive portfolio of casino content for both land-based and iGaming casino sectors. He also welcomed the team of experts to the company and said that he is looking forward to what the future brings as Mr. Doug’s experience will be leading the company’s growth plan for the future.
New CEO
Prior new releases from the Bragg Gaming Group saw the company appoint its new and now-current CEO Mr. Carter. He has taken over the position from May 1 this year, as he succeeded Adam Arviv who is the Founder of the gaming leader, and served as its interim CEO. Mr. Carter has plenty of practice in the gaming sphere as he was involved in the launch of SBTech in the US.
Fiscal Statistics
Recently the company has also published its financial results for the first quarter of 2021. Overall the gaming corporation has improved on the results from its 2020 Q1, as during the period the company has reported a 62% increase in revenue compared to last year. The unique player number has also increased by 54% for Q1 in 2021 in comparison to the same three months of last year.
Source: “Bragg Gaming Continues US Expansion; Acquires Premium Content Developer Wild Streak Gaming” Business Wire, June 2, 2021
