Bragg Gaming CFO to Depart Amidst Record Revenue and Strategic Review

Bragg Gaming’s top financial executive, Ronen Kannor, is resigning.

Despite a profitable 2023, Bragg Gaming declared that Kannor will depart from the organization. The quest for his successor is in progress, with the firm evaluating various possibilities. Kannor will formally vacate his role on June 3, 2024, after aiding in the changeover.

Matevž Mazij, Bragg’s Chief Executive and Chairman, commended Kannor’s input. Throughout his time, Bragg was included on both the Toronto and Nasdaq stock markets and effectively finalized two purchases. The enterprise also witnessed steady expansion in earnings, overall profit, and adjusted EBITDA.

Kannor conveyed his appreciation for the chance to collaborate with the Bragg staff, stressing their achievements over the preceding four years. He underscored his dedication to guaranteeing a seamless handover to his replacement. He also extended his thanks to the finance department for their diligence and commitment.

A gaming tech firm, Prague Gaming, has announced its financial performance for the final quarter and the entirety of 2023. While Q4 revenue and earnings saw a minor decrease due to revised agreements with a crucial strategic collaborator, the company posted robust overall results for the year.

During the 2023 fiscal year, revenue expanded by 10.4% reaching €93.5 million (US$101.3 million), and gross profit climbed to €49.9 million. Adjusted EBITDA also experienced a substantial rise of 26.3%, hitting €15.2 million for the year.

Separately, Prague Gaming has established a dedicated committee, headed by independent board representative Don Robertson, to investigate strategic possibilities. This committee will evaluate various choices, encompassing a potential company sale or additional acquisitions.

Furthering its recent achievements, Prague Gaming received a B2B permit from the Peruvian Ministry of Foreign Trade and Tourism, enabling the company to provide its online casino material within the Latin American market.

With entry to more than 9,000 games via its Bragg Hub aggregation system, the company is advantageously situated to assist operators in furnishing a competitive product selection within Peru’s expanding iGaming sector.