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Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG) has announced a strategic restructuring that includes workforce reductions aimed at realigning the organization to improve its cost structure and accelerate the path to sustained profitability.
Restructuring Designed to Drive EBITDA Growth
The iGaming content and technology provider confirmed the restructuring is designed to address several market challenges, including increasingly complex regulatory compliance requirements, recent tax headwinds across key regions, and ongoing market consolidation. The company stated the changes will maintain its cash runway while positioning it for organic growth and market consolidation opportunities.
“We believe that we are in the enviable position of having great technologies, assets, people, and future prospects,” said Matevz Mazij, Chief Executive Officer at Bragg. “Nevertheless, given the increasingly complex regulatory compliance requirements, recent tax headwinds across key regions, emerging market opportunities, consolidation in the market and our increased focus on short-term profitability, we needed to take this step now of restructuring the Company’s staffing.”
Focus on Profitability and Market Position
Mazij explained that after securing key hires in 2024 and 2025, the company determined that aggressive operating expense reductions and organizational realignment were necessary steps to achieve cash profitability. He emphasized that the strategic restructuring is designed to capitalize on the company’s foundation while positioning Bragg for future growth opportunities.
“We also believe that the Company is currently undervalued by the market and that improving our cash profitability will help address this issue while also making us stronger in meeting consolidation opportunities as they arise,” Mazij added.
About Bragg Gaming Group
Bragg Gaming Group is a publicly traded iGaming content and technology provider serving operators across multiple regulated markets. The company is listed on both NASDAQ and the Toronto Stock Exchange under the ticker symbol BRAG.
Source: Bragg Gaming Group
