Next-gen iGaming firm Bragg Gaming upgrades to TSX listing Jan 27.
It looks like celebration is in order for next-generation digital gambling software firm Bragg Gaming. The company, which is exhibiting strong and steady growth in global markets, including recent partnerships with US-facing brands Kambi and Seneca, announced this week that its TSX Venture Exchange listing is about to undergo a major upgrade.
The company just announced that on January 27, it will be graduating to an uplisting on Canada’s Toronto Stock Exchange; a.k.a. the TSX.
Next-Gen iGaming Firm Bragg Upgrades to TSX
In a press release proclaiming the uplisting of Bragg Gaming, the company confirmed next week’s graduation from the TSX Venture Exchange. Bragg Gaming (TSXV:BRAG, OTC:BRGGF) will commence trading on the senior exchange, TSX, as of Wednesday, January 27, 2021.
This achievement marks an especially proud moment for Bragg Gaming co-founder and CEO, Adam Arviv. “Uplisting to the Toronto Stock Exchange was one of my immediate goals when stepping into the CEO role,” said Arviv in a statement. “It’s a significant milestone in our growth strategy, and we’re pleased that our strong performance has allowed us to make the move to the senior market.”
Postmedia Chairman Paul Godfrey, who was recently elected to the Bragg Board of Directors, also commented on the senior market graduation. “Bragg is well on its way to becoming a global leader in the online gaming space,” said Godfrey. “The listing on the TSX will generate increased awareness among institutional and global investors and will put the Company squarely in the sights of major industry analysts.”
The Chair of the Postmedia Network Canada Corp, publisher of the Financial Post, added: “As the global online gaming industry continues to expand at an exponential rate, investors are looking for companies with the technologies and expertise to lead the way, and Bragg is a prime example.”
More About Bragg Gaming
Bragg Gaming was founded in 2018 by a pair of initial acquisitions that included the game-changing purchase of Oryx Gaming. Oryx is a much older digital gaming brand, established in 2010 licensed and regulated operations and services spanning the breadth of Europe and beyond. The company’s online gambling software platform, which includes digital casino, sportsbook and lottery verticals, is licensed to operate in the jurisdictions of Colombia, Croatia, Gibraltar, Malta, Romania, Schleswig Holstein, Serbia, Slovenia, Spain, and the UK. Some of its largest clients include JackpotJoy Plc and Entain (formerly GVC Holdings), parent of Ladbrokes, Coral, Gala and others.
Bragg’s acquisition of Oryx was among the first of many steps that led to the company’s overall success. Partnerships with major colleagues like Mr. Green, Betclic, and Microgaming, haven’t hurt either. More recently, Bragg took its first steps into the US market by partnering with Seneca Gaming to supply content to three New York area casinos.
Market response was positive immediately following the announcement. TSXV:BRAG closed 5.67% up to $2.61 on Tuesday, falling to 2.59 at time of writing.
