Ronen Kannor, the Chief Financial Officer of Bragg Gaming, will be resigning from his position.
The gaming tech firm revealed that Kannor will be leaving to explore new prospects, despite a profitable 2023. The company is actively seeking a successor and evaluating potential candidates. Kannor’s departure is scheduled for June 3, 2024, providing Bragg Gaming with sufficient time for a seamless handover.
Matevž Mazij, CEO and Chairman, conveyed his appreciation for Kannor’s contributions during a period of substantial expansion, including their listing on the Toronto and Nasdaq stock exchanges and two prosperous acquisitions.
Kannor also shared his satisfaction in being a part of the Bragg Gaming team, emphasizing their accomplishments and expressing gratitude to the board, his team, and colleagues. He anticipates a smooth transition to his successor and wishes the company ongoing triumph.
Bragg Gaming Group announced significant developments alongside their Q4 and year-end financial results for 2023. Although Q4 revenue and earnings experienced a minor decline due to contract revisions with important collaborators, the firm achieved remarkable overall yearly performance.
Their revenue reached an impressive €93.5 million (equivalent to $101.3 million USD), reflecting a 10.4% surge compared to the previous year. Gross profit also witnessed a substantial increase, reaching €49.9 million. Furthermore, their adjusted EBITDA soared by a remarkable 26.3%, hitting €15.2 million for 2023.
In a noteworthy move, Bragg Gaming revealed the establishment of a dedicated committee spearheaded by Don Robinson, an autonomous board representative. Their objective? To thoroughly evaluate all available strategic avenues, encompassing potential sale of the company or engaging in acquisitions.
Adding to the intrigue, Bragg Gaming secured a B2B permit from the Peruvian Ministry of Foreign Trade and Tourism. This holds immense significance as it grants them the ability to provide their iGaming content throughout the Latin American region.
Leveraging their extensive library of over 9,000 games accessible through their Bragg Hub aggregation platform, they are poised to empower operators in Peru’s thriving online gaming industry to construct highly compelling offerings.
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