Bragg Gaming Group, the Canadian business-to-business iGaming technology and content supplier, has released its financial data for 2021 and the numbers show the company managed to reduce its net loss by 66.2 percent.
The Canadian company recorded a revenue increase of 25.7 percent in 2021, total revenue for the twelve months was 58.3 million euros. For comparison, the company’s revenue in 2020 was 46.4 million euros.
Bragg Gaming Group attributed the revenue growth to a number of key events, including their acquisition of Spin Games, the gaming content provider based in Nevada. That bold move signals the company’s intention to enter the United States market.
Moreover, in June 2021 Bragg Gaming announced its acquisition of Wild Streak Gaming, a content creation studio based in Las Vegas, while in September the Canadian company bega trading its common shares on the Nasdaq Global Select Market.
In November, the company announced that it completed a strategic review which resulted in the departure of former Chief Executive Officer Richard Carter. Shortly after, Paul Godfrey, the chairman of the board, was appointed as the new Chief Executive Officer.