Bragg Gaming Group enjoys a tremendous start of the month, as the company continues its ambitious expansion in the gaming sector. On June 2, the iGaming technology and content provider announced the acquisition of Wild Streak Gaming, a Las Vegas-based gaming content developer known for its premium slot portfolio of 39 casino titles.
Bragg Gaming Group is an international B2B gaming technology and content provider company. The company has established various global collaborations in Europe and Latin America since its inception in 2012. The company continues to work toward its goal of being a leading brand in the gaming industry.
Multi-Million Deal
The B2B company has signed an official agreement to buy all of Wild Streak Gaming’s outstanding membership interests for about US$30 million in cash and stock. Over the next three years, the developer will receive around US$10 million in cash and US$20 million in common shares from its now-parent company.
Bragg Gaming Group will have access to the developer’s high-quality gaming content, including its library of 39 premium casino titles, as part of the agreement. It also offers several exceptional land-based titles, as well as a strong suite of intellectual property, know-how, and game designs, as well as a variety of services dedicated to the US market.
The developer’s design team is compiled of experienced and innovative individuals from the gaming industry. Doug Fallon, the studio’s well-known slot designer, founder, and current CEO, is one of them. Mr. Fallon has played a big role in the company’s success as a result of his extensive industry experience, and the developer has created numerous land-based slot titles and brands for a number of successful brick-and-mortar casino entities over the years.
Mr. Doug and his team have built an impressive portfolio of casino content for both the land-based and iGaming casino sectors, according to Richard Carter, CEO of the B2B provider. He also welcomed the team of experts to the company and said that he is looking forward to what the future brings as Mr. Doug’s experience will be leading the company’s growth plan for the future.
New CEO
Prior new releases from the Bragg Gaming Group saw the company appoint its new and now-current CEO Mr. Carter. He took over the role on May 1 this year, succeeding Adam Arviv, the gaming leader’s founder and interim CEO. Mr. Carter has a lot of gaming experience, since he was involved in the introduction of SBTech in the United States.
Fiscal Statistics
The company’s financial results for the first quarter of 2021 were recently released. Overall, the gaming corporation has improved on its results from the first quarter of 2020, reporting a 62 percent increase in revenue over the same period last year. In comparison to the same three months last year, the number of unique players has increased by 54% in Q1 2021.
