{"id":212,"date":"2024-06-19T05:31:37","date_gmt":"2024-06-19T02:31:37","guid":{"rendered":"https:\/\/miamiclubcasinonodepositbonus.icu\/2024\/06\/19\/bragg-gaming-reports-strong-q2-2023-results-with-significant-revenue-and-ebitda-growth\/"},"modified":"2024-06-20T17:06:20","modified_gmt":"2024-06-20T14:06:20","slug":"bragg-gaming-reports-strong-q2-2023-results-with-significant-revenue-and-ebitda-growth","status":"publish","type":"post","link":"https:\/\/miamiclubcasinonodepositbonus.icu\/2024\/06\/19\/bragg-gaming-reports-strong-q2-2023-results-with-significant-revenue-and-ebitda-growth\/","title":{"rendered":"Bragg Gaming Reports Strong Q2 2023 Results with Significant Revenue and EBITDA Growth"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/wVe2VZM4NoQ\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Bragg Gaming, a provider of gaming technology and content, experienced an exceptional second quarter in 2023. Their income surged by 19% year-over-year, hitting \u20ac24.7 million (approximately $27.2 million). This remarkable expansion was driven by their penetration into fresh markets, resulting in a larger player base, increased wagering activity, and ultimately, enhanced profitability. <\/p>\n<p>In terms of wagers, players staked a combined \u20ac5.5 billion on Bragg&#8217;s platforms throughout the quarter, a substantial leap from the \u20ac4.2 billion wagered during the corresponding period last year. This heightened player engagement also manifested as a 19% rise in gross earnings, reaching \u20ac13.8 million. <\/p>\n<p>However, the most noteworthy enhancement was observed in their adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization), a crucial metric of financial performance. This figure witnessed a remarkable 51% surge, reaching \u20ac4.7 million. <\/p>\n<p>Bragg attributes this triumph to their strategic pivot towards delivering higher-margin products. This encompasses the creation of their proprietary exclusive games and collaborations with other firms to furnish a comprehensive suite of services for internet-based casinos. This approach has yielded substantial rewards, as demonstrated by their unprecedented 19.2% adjusted EBITDA margin.<\/p>\n<p>Within the quarter, Bragg also solidified its foothold in the United States, introducing its content in Pennsylvania with Rush Street Interactive, in New Jersey with WynnBet, and in Michigan and Connecticut with FanDuel. These alliances with prominent entities in the US market serve as a testament to the caliber of Bragg&#8217;s offerings and their burgeoning industry standing. <\/p>\n<p>Bragg Gaming is broadening its European footprint, inking agreements with gaming companies in Georgia, Switzerland, and Spain.  They&#8217;ve also secured worldwide distribution partnerships with industry heavyweights 888 Holdings and Flutter-owned PokerStars.<\/p>\n<p>This triumph is propelling a swift rollout of fresh game releases.  Bragg has already debuted 30 new titles in the initial six months of this year, a blend of their own creations and exclusive games from external developers.  They&#8217;re targeting the release of an additional 40 before the year concludes.<\/p>\n<p>Bragg is specifically concentrating on establishing a commanding presence in Europe.  They&#8217;ve joined forces with ten operators spanning five new European markets just within the first two quarters.  They are now collaborating with nearly every operator in Switzerland and have attained a prominent standing in the Netherlands market. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bragg Gaming, a provider of gaming technology and content, experienced an exceptional second quarter in 2023. Their income surged by 19% year-over-year, hitting \u20ac24.7 million (approximately $27.2 million). This remarkable expansion was driven by their penetration into fresh markets, resulting in a larger player base, increased wagering activity, and ultimately, enhanced profitability. In terms of [&hellip;]<\/p>\n","protected":false},"author":49,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bragg Gaming Reports Soaring Q2 2023 Revenue: A Winning Streak?<\/title>\n<meta name=\"description\" content=\"Did Bragg Gaming just hit the jackpot? Their Q2 2023 revenue soared by 19% to \u20ac24.7 million! Find out how they\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/miamiclubcasinonodepositbonus.icu\/2024\/06\/19\/bragg-gaming-reports-strong-q2-2023-results-with-significant-revenue-and-ebitda-growth\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bragg Gaming Reports Strong Q2 2023 Results with Significant Revenue and EBITDA Growth\" \/>\n<meta property=\"og:description\" content=\"Did Bragg Gaming just hit the jackpot? Their Q2 2023 revenue soared by 19% to \u20ac24.7 million! 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