Bragg Gaming reports surging revenue in 1Q results; adds a pair of new directors to its board
During the quarter, the company launched nine new business-to-consumer operators and saw wagering revenue generated by its customers increase by 52% to $5.1 billion from C$3.4 billion Bragg s new directors are Holly Gagnon, a longtime gaming industry CEO, and Alex Spiro, a former prosecutor and chair of a sports investment platform
Bragg Gaming Group (TSX:BRAG, OTC:BRGGD) has released its first quarter financial results, revealing revenue that jumped by 62% year-over-year to C$20.9 million as unique users rose 54% to 2.4 million.
Adjusted EBITDA more than tripled year-over-year to C$3.4 million from C$1 million in the first quarter in 2020, and the company s net loss narrowed to C$1.5 million from C$6.8 million.
Building consents: Summerset Village s $40 million addition
13 May, 2021 06:00 PM
5 minutes to read
Summerset by the Dunes main building in Pāpāmoa will be similar to the newly opened main building at Summerset Rototuna in Hamilton pictured here. Photo / Supplied
Summerset by the Dunes main building in Pāpāmoa will be similar to the newly opened main building at Summerset Rototuna in Hamilton pictured here. Photo / Supplied
A new $40 million Pāpāmoa retirement village project will add another 119 serviced apartments, care and dementia beds to the Bay s highly demanding market. The Tauranga City Council has approved a building consent for Summerset
In Reversal, Retirements Increased During the Pandemic
Job losses, rather than rising asset values, seem to be the main cause in upending a decades-long trend.
The rise in retirement during the pandemic is small relative to the longer-term trend of people working longer and retiring later over the past 20 years.Credit.Callaghan O Hare for The New York Times
By Jed Kolko
May 12, 2021, 5:00 a.m. ET
After decades in which it decreased, the retirement rate rose during the pandemic, according to the latest government data. This makes retirement one exception to the many ways that the pandemic accelerated pre-existing trends, such as toward suburbanization and online shopping.
Bragg Gaming Group to acquire Reno-based Spin Games for US$30M to accelerate its US rollout
The transaction will establish Bragg’s US operating footprint and give it access to key strategic operator relationships in the US Toronto-based Bragg is hoping to capitalize on the growing US and Canadian online casino markets
Bragg Gaming Group (TSE:BRAG) (OTCMKTS:BRGGD) has announced that it is acquiring Nevada gaming company Spin Games LLC in a bid to fast track its growth in the US iGaming market.
The US$30 million cash and share deal sees Bragg acquiring Spin, a Reno-based B2B gaming technology and content provider.