Bragg Gaming's Expansion into Brazil's iGaming Market

Bragg Gaming's Entrance into Brazil's iGaming Landscape

Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG), a prominent provider of innovative iGaming content and platform technology solutions, proudly announces its official launch in Brazil's regulated online casino market. This follows Brazil's exciting move to enact regulated online casino operations, marking a significant milestone for both the region and Bragg as they embark on this journey together.

Market Potential and Strategic Objectives

Brazil's newly organized online casino market is forecasted to be valued at an impressive USD 1.4 billion in 2025. This figure is projected to soar to USD 3.7 billion by the year 2029, a testament to the vast opportunities that lie ahead, as outlined by industry experts at H2 Gambling Capital.

Given Bragg's expertise as a specialized regulated iGaming supplier, the company is strategically positioned to make the most of this imminent market expansion. They anticipate that significant revenue generated from Brazil could account for as much as 10% of their total earnings by 2025, underscoring the importance of this new venture.

Partners and Market Reach

Bragg has already initiated operations with around one-third of the licensed iCasino operators in Brazil. Among these, they count reputable partners such as Superbet, KTO, Betano, Novibet, Sportingbet, and Betboo. As they strive to enhance their footprint, Bragg plans to increase its partnerships to over half of the licensed operators in Brazil by the second quarter of 2025.

The company is committed to developing a robust portfolio of proprietary content. Currently, their offerings include engaging titles such as Egyptian Magic by Atomic Slot Lab and Crazy Diamonds by Indigo Magic. Notably, as part of their strategy to drive growth, Bragg places a strong emphasis on expanding its proprietary content, as these fully-owned intellectual properties generally yield better profit margins.

Localized Offerings and Game Development

In addition to their proprietary titles, Bragg is enhancing its portfolio with exclusive online casino games from carefully chosen partners ensuring a diverse selection tailored for Brazilian audiences. The Company is focused on fortifying relationships with local game studios, thus enriching their content library to align with local preferences.

A crucial aspect of Bragg's content strategy includes aggregating online casino offerings through their innovative Bragg HUB delivery platform. This platform provides access to an extensive range of over 10,000 online casino games, including titles from leading Brazilian content providers. Furthermore, the Fuze™ player engagement platform equips operators with vital tools for customer acquisition, cross-selling, and retention, bolstered by impactful features like bonuses, free rounds, and jackpots.

Operational Support in Brazil

Supporting their operations in Brazil is Bragg's São Paulo office, led by the adept Sara Mosallaee, the LatAm Regional Director, alongside Senior Account Manager Amanda Alexandrini. Together, they ensure that all Brazilian operators receive comprehensive, locally-tailored support that caters to their specific needs.

Leadership Insights on Market Opportunities

Matevz Mazij, Chief Executive Officer at Bragg Gaming Group, expressed excitement about this new chapter: “We’re delighted to expand into the newly regulated market in Brazil, and to be there for our customers on the first day of launch with our in-demand content portfolio and player engagement platform.”

He continued, “Bragg has extensive experience delivering localized iGaming content and technology solutions in regulated markets, and we now see Brazil as a pivotal market for supporting broader growth within the LatAm region. This launch aligns with our strategic goals to diversify revenue streams while fostering sustainable growth.”

Commitment to Partnership and Growth

Neill Whyte, Chief Commercial Officer at Bragg, shared insights on their approach, stating: “We’ve secured partnerships with a significant portion of Brazil's iGaming operators. This presents a wealth of opportunities for Bragg to showcase our technologically advanced solutions and engage with both established clients and new partners.”

Bragg remains determined to make the most out of this vibrant market, and the anticipated growth ensures a promising future for both the Company and its Brazilian partners.

Frequently Asked Questions

What is Bragg Gaming Group?

Bragg Gaming Group is a provider of iGaming content and technology solutions, serving operators in online and land-based gaming markets.

What recent development has Bragg Gaming achieved?

Bragg Gaming has launched its operations in Brazil's regulated online casino market, expanding its global presence.

What are the growth projections for Brazil's iGaming market?

The Brazilian online casino market is projected to be worth USD 1.4 billion in 2025, with potential growth to USD 3.7 billion by 2029.

What strategies does Bragg have for content offerings in Brazil?

Bragg is focusing on expanding proprietary content, partnering with local studios, and enhancing its Bragg HUB delivery platform.

Who leads the operations in Brazil for Bragg?

Bragg operates in Brazil from its São Paulo office under the leadership of Sara Mosallaee, along with key support from Amanda Alexandrini.

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