Game Guides
Other Pages
Best Software Providers
Popular List
Best Payment Methods
Most Popular
Best Bonuses
Our Favourite Offers
Country Specific Pages
Popular List

Canada’s Bragg Gaming Group Records Revenue Rise in Second Quarter of 2023

Posted on August 16, 2023 | 5:23 am

Bragg Gaming Group, the Canadian company that supplies technology and content for online casinos, has announced its financial results for the second quarter of 2023 and the numbers show a significant increase in revenue.

The Canadian company recorded a 19 percent rise in revenue during the second quarter of 2023 to a total of 24.7 million euros. The wagering volume, or handle, which is generated by the vast portfolio of games offered by Bragg Gaming, rose to a total of 5.5 billion euros, dwarfing the 4.2 billion euros that were recorded in the same quarter of 2022.

Bragg Gaming also recorded an increase of 19 percent year-on-year when it comes to grass profit, which amounted to 13.8 million euros. The figure which saw the largest increase was the company’s adjusted earnings before interest, tax, depreciation and amortization (EBITDA), which went up by no less than 51 percent to a total of 4.7 million euros.

Speaking about the results, Yaniv Sherman, the Chief Executive Officer of Bragg Gaming Group, explained that the numbers reflect the company’s “shift towards a revenue mix of higher-margin products including in-house created proprietary and exclusive third-party content, turn-key Player Account Management (“PAM”) and managed services partnerships.”

The Bragg Gaming Group CEO also pointed out that the adjusted EBITDA from the second quarter of 2023 represents “an all-time quarterly record” for the Canadian company.

Top casinos in Canada

Overall Rating
Overall Rating
Overall Rating
Read More

Expanding Through Partnerships

During this quarter Bragg Gaming managed to expand its reach in the United States of America through partnerships with Rush Street Interactive in PennsylvaniaWynnBet in NewJersey, plus a recent deal with FanDuel in both Michigan and Connecticut.

Yaniv Sherman also reminded that Bragg Gaming has grown its presence in Europe as it has launched with ten different casino operators in five markets during the first quarter of 2023. The Bragg Gaming CEO pointed out that the supplier has partnerships in place with “nearly all of the operators in Switzerland” and has “the leading PAM in the Netherlands.

The company’s portfolio of games has also expanded significantly during recent months. Bragg Gaming has unveiled 30 new proprietary or third-party games during the first six months of 2023 and the company expects to launch around 40 brand new games by the end of the year.


“Bragg Gaming Group Second Quarter Revenue Rises 18.9% to Record €24.7 Million“,, August 10, 2023.

Read More

To make this site work properly, we sometimes place small data files called cookies on your device.