Bragg Gaming received $7 million in funding from companies controlled by Doug Fallon

Date: 2024-04-29 Author: Robert Beloved Categories: EVENTS, PEOPLE
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Bragg Gaming Group has once again demonstrated its financial strength and potential by securing $7 million in funding from companies controlled by Doug Fallon, the company's managing director of group content. This move reflects investor confidence and industry support for Bragg Gaming's long-term vision.

Secured bill and flexibility in strategic reviews

According to a statement from CEO Matevž Mazij, Bragg Gaming issued a $7 million secured note with terms that provide the company with additional flexibility to conduct strategic reviews. This financing provides additional resources to implement strategic objectives and maximize shareholder value.

Support from Doug Fallon and Wild Streak Gaming

It's also worth noting that Doug Fallon, also the founder of Wild Streak Gaming, which owns Bragg Gaming, has provided significant support, highlighting the solidarity and unity within the group of companies.

Strategic outlook and development

Mazij emphasized that the funding opens the door for Bragg Gaming to further develop. He noted that the company continues to consider strategic alternatives to optimize its market positioning and execution of its strategy.

Plans for using funding

The proceeds will be used for general working capital and strategic initiatives, including product and technology development, which will help strengthen Bragg Gaming's position in the market.

Bragg Gaming plans to report its first quarter 2024 financial results on May 9, which will provide additional transparency and insight into the company's current financial position.

Optimizing product strategies

Mazij assured that the company will continue to work on improving product strategies aimed at each market in which it is present. From managing player accounts to aggregating casino content with advertising features and exclusive content, Bragg Gaming is focused on maximizing its potential in all aspects of the business.
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