Bragg Gaming Inks Spin Games Online Casino Deal

Bragg Gaming Inks Spin Games Online Casino Deal

Lillie Mcguire
Posted on May 17, 2021 at 12:05pm

Online casino software developer, Bragg Gaming, is set to acquire Spin Games. This acquisition will be based on a $30 million deal in cash and stock. It will help to immediately establish Bragg Gaming’s operating footprint within the United States, as well as provide the foundation for the company’s growth strategy within the region.

According to the terms of the deal, the sellers of the Spin Games, the Nevada-based B2B gaming technology and content provider, are to receive $10 million in cash. Accompanying this is $20 million in common shares of Bragg Gaming. Half of these shares will be issued on closing, and the additional $5 million in common shares with be issued over the course of the next three years.

Unique Position For Growth

Richard Carter, CEO of Bragg Gaming, explained in a statement that Spin Games’ existing state gaming licenses and established integrations with online casino operators comprise the majority of the US market. This provides the company with a unique position for future growth within the North American market.

Mr Carter added that this deal lays a strong foundation for Bragg’s strategy of building a tier one vertically integrated iGaming business in the United States. He said that the company has taken note from the European market and has seen that the ability to deliver the best-in-class proprietary content, alongside a full iGaming and player management platform, is key to building a successful B2B online casino technology provider.

Cornerstone For Future Expansion

The CEO went on to say that the company’s future growth strategy involves bringing the best content in-house during the early stages of its growth within the United States. This will help better position Bragg Gaming for long-term success. It is believed that with this transaction, the online casino company will experience something transformative. It will create a significant, positive impact for respective employees, shareholders and customers.

Through this transaction, Bragg Gaming will be allowed access to key strategic operator relationships within the United States market. These include Caesars, BetMGM/Roar Digital, Hard Rock, Penn National Gaming, DraftKings and Golden Nugget, to name a few.

The group intends to be able to leverage these in order to cross-sell its existing online casino offerings. These offerings are currently live in European markets. Kent Young, CEO of Spin Games, has over 30 years of experience and will join Bragg as president of the Americas, with immediate effect. In this role, he will drive the group’s US market roll-out strategy.

Get in on the action! Sign up at a CANADIAN online casino!


More News

How Live Casinos Compete With Land Based Venues

Lillie Mcguire
Posted on June 17, 2021 at 1:06am
How Live Casinos Compete With Land Based Venues

The live casino is seen as the next step forward in the evolution of the gambling world. Thanks to brands like Evolution, in the last few years they h

The Advantages Of Mobile Casino Games

Lillie Mcguire
Posted on June 15, 2021 at 10:06am
The Advantages Of Mobile Casino Games

Within the past two years alone, the use of mobile devices for online casino games has increased a great deal. The easy access that mobile casinos pro

Differences Between Canadian & American Online Casinos

Lillie Mcguire
Posted on June 14, 2021 at 12:06pm
Differences Between Canadian & American Online Casinos

The United States and Canada are located close to each other and as a result, are very similar in many regards. The two countries do have different la

Premier League Inks Sports Betting Canada Deal

Lillie Mcguire
Posted on June 13, 2021 at 12:06pm
Premier League Inks Sports Betting Canada Deal

The Canadian Premier League has signed a new deal with ComeOn! The latter has been named the League’s official online casino and sports betting

Evolution Launch First VR Live Casino Game

Lillie Mcguire
Posted on June 11, 2021 at 12:06pm
Evolution Launch First VR Live Casino Game

Live casino giant Evolution has just announced the launch of Gonzo’s Treasure Hunt, alive game with a difference. The new release is a live game

Microgaming Set To Launch New Live Casino

Lillie Mcguire
Posted on June 09, 2021 at 12:06pm
Microgaming Set To Launch New Live Casino

.Microgaming, the online casino software giant, has just unveiled its plans to release a live casino product. This product will launch via On Air Ente

The Value Of RNGs In Casino Games Online

Lillie Mcguire
Posted on June 09, 2021 at 12:06pm
The Value Of RNGs In Casino Games Online

One of the biggest drawcards of casino games online lies in the fact that they are games of chance. In order for this element to be successfully execu

New Online Casino Expo Heads To Vegas

Lillie Mcguire
Posted on June 04, 2021 at 1:06am
New Online Casino Expo Heads To Vegas

As the entire world came to a grinding halt last year thanks to the global health crisis, several Las Vegas casinos were also forced to dim their ligh

The Revolution Of Online Gambling Canada

Lillie Mcguire
Posted on June 03, 2021 at 1:06am
The Revolution Of Online Gambling Canada

It’s no secret that the internet helped to change the way in which casinos operate. When casinos started to move online in the late 1990s, the e

Rise In Online Casino Canada Crypto-Use

Lillie Mcguire
Posted on June 01, 2021 at 11:06am
Rise In Online Casino Canada Crypto-Use

A recent survey conducted and released by Skrill indicates that the incredible rise in the popularity of digital currencies as a means of tender for o