Bragg Gaming Group (TSX:BRAG, NASDAQ:BRAG) Inc. said that trading in the company’s common shares will begin today, August 27, 2021, on the Nasdaq Global Select Market under the ticker symbol BRAG.
The company’s shares also continue to trade on the Toronto Stock Exchange under the ticker symbol BRAG.
Richard Carter, chief executive officer of Bragg commented: "Our US public listing combined with our Canadian listing allows Bragg to further grow awareness of the Company and our growth opportunities among a larger pool of institutional and retail investors while offering enhanced trading liquidity.”
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Carter added: “At Bragg we are successfully executing on our initiatives to grow our business and market share in the large global iGaming market that is increasingly of interest to US and Canadian investors.
"As such, the beginning of trading for our common shares on Nasdaq is another positive step in our efforts to enhance shareholder value and we are pleased to join Nasdaq and its listed companies that are renowned leaders in their respective industries."
On August 11, Bragg Gaming revealed that its 2Q revenue grew by 28% to 15.5 million euros thanks to a growing number of users placing higher bets on its platforms.
The gaming company reported adjusted EBITDA of 1.9 million euros compared to 1.75 million euros in the same year-ago quarter, while its adjusted EBITDA margins fell by 2.1% to 12.3%.
Bragg recently closed its acquisition of US and European-focused casino content studio Wild Streak LLC, which is expected to propel the company’s business model into an in-house proprietary online gaming content studio to drive higher gross profit margins.
Bragg Gaming is a growing global gaming technology and content group and owner of leading B2B companies in the iGaming industry. Since its inception in 2018, Bragg has grown to include operations across Europe, North America and Latin America and is expanding into an international force within the global online gaming market.
Through its wholly-owned subsidiary ORYX Gaming, Bragg delivers proprietary, exclusive and aggregated casino content via its in-house remote games server (RGS) and ORYX Hub distribution platform. ORYX offers a full turnkey iGaming solution, including its Player Account Management (PAM) platform, as well as managed operational and marketing services.
Contact the author at jon.hopkins@proactiveinvestors.com