TORONTO–(Business enterprise WIRE)–Aug 9, 2021–
Bragg Gaming Team ( TSX:BRAG, OTC: BRGGF ) ( “Bragg” or the “Corporation” ) announced today that its wholly-owned subsidiary ORYX Gaming ( “ORYX” ) has been granted a license to offer its distinctive articles by means of its proprietary distant video games server to operators in Greece by the Hellenic Gaming Commission.
ORYX is now stay and completely compliant in the jurisdiction, which has moved from an interim framework to turn into totally regulated, in line with a normal pattern among the European international locations in recent yrs.
The A1 license permits ORYX to provide its Greek accredited shoppers including OPAP, Stoiximan, Betsson and NetBet, with additional on line casino manufacturers envisioned to go are living in the marketplace by means of the Company’s ORYX Hub distribution system this year.
Chris Looney, Chief Industrial Officer at Bragg said “Greece has the opportunity to grow to be an important market place for the group and this license underpins our motivation to our shoppers in the jurisdiction and signifies a new milestone for us in our options for enlargement in regulated markets in Europe, North The usa and globally.
“Our technology is adaptable, and it gives us the agility to adapt promptly to new marketplace polices, and we seem forward to launching in a lot of much more new markets above the coming quarters with our in-house designed content material, our participant engagement instruments and unique 3rd-bash written content.
“We have a fantastic new roadmap of unique video games coming up, such as an increasing proportion from our individual in-home studios, and we won’t be able to wait around to carry them to Greek slots enthusiasts.”
ORYX is presently licensed in Malta and Romania, and is usually certified or accepted to give its content in numerous jurisdictions like Sweden, Denmark, Spain, Portugal, Czech Republic, Croatia, Serbia, Switzerland, Gibraltar, Estonia, Latvia, Colombia and, as soon as the current market opens as anticipated in Q4 2021, the Netherlands. It is in the approach of getting even more licenses in the British isles, Belgium and in the U.S. states of New Jersey, Pennsylvania and Michigan, and is in the method of getting certification to offer in Italy.
About Bragg Gaming Team
Bragg Gaming Group ( TSX:BRAG, OTC: BRGGF ) (“Bragg”) is a growing worldwide gaming technology and information team and proprietor of main B2B firms in the iGaming sector. Due to the fact its inception in 2018, Bragg has grown to contain operations throughout Europe, North America and Latin The us and is expanding into an intercontinental force inside of the world-wide on the web gaming marketplace.
By means of its wholly-owned subsidiary ORYX Gaming, Bragg delivers proprietary, exclusive and aggregated on line casino content material by using its in-dwelling distant online games server (RGS) and ORYX Hub distribution system. ORYX features a total turnkey iGaming solution, including its Player Account Management (PAM) system, as very well as managed operational and marketing products and services.
Nevada-based mostly Wild Streak Gaming is Bragg’s wholly owned top quality US gaming written content studio. Wild Streak has a preferred portfolio of casino online games that are offered throughout land-dependent, on the internet and social on line casino operators in international markets which include the U.S. and U.K.
In Might 2021, Bragg announced its planned acquisition of Nevada-based Spin Video games, B2B gaming technological innovation and content material service provider at the moment servicing the U.S. market. Spin holds licenses in essential iGaming-regulated U.S. states and materials Tier 1 operators in the area.
Cautionary Statement About Ahead-Hunting Info
This information release could consist of ahead-looking statements or “ahead-seeking info” within just the that means of relevant Canadian securities guidelines (” forward-wanting statements “). Ahead-looking statements are offered for the intent of presenting information about management’s present anticipations and programs relating to the potential and permitting readers to get a greater knowing of the Firm’s expected running atmosphere. Frequently, but not often, ahead-on the lookout statements can be determined by the use of words these types of as “strategies”, “expects” or “does not assume”, “is predicted”, “price range”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not foresee”, or “believes”, or describes a “objective”, or variation of this kind of words and phrases and phrases or point out that particular actions, gatherings or effects “may perhaps”, “could”, “would”, “could possibly” or “will” be taken, arise or be accomplished.
All ahead-looking statements reflect the Company’s beliefs and assumptions centered on details accessible at the time the statements had been manufactured. Precise outcomes or situations may well differ from all those predicted in these forward-searching statements. All of the Company’s ahead-wanting statements are certified by the assumptions that are stated or inherent in this kind of forward-seeking statements, like the assumptions listed down below. Although the Corporation thinks that these assumptions are fair, this list is not exhaustive of elements that might have an affect on any of the forward-looking statements. The key assumptions that have been designed in link with the forward-wanting statements incorporate the next: the effect of COVID-19 on the company of the Enterprise the countercyclical progress of the enterprise of the Enterprise the regulatory regime governing the company of the Firm the functions of the Company the items and solutions of the Firm the Company’s shoppers the development of Firm’s business, which may perhaps not be reached or realized inside the time frames stated or at all the integration of technologies and the predicted dimension and/or profits linked with the gaming marketplace globally.
Ahead-on the lookout statements include regarded and unfamiliar risks, long term activities, conditions, uncertainties and other components that may well trigger genuine outcomes, efficiency or achievements to be materially diverse from any long run final results, prediction, projection, forecast, functionality or achievements expressed or implied by the ahead-looking statements. These aspects incorporate, amid some others, the next: dangers related to the Company’s small business and money place that the Corporation might not be ready to correctly predict its rate of advancement and profitability the challenges associated with the completion of the acquisition of Spin pitfalls associated with normal financial situations adverse market gatherings potential legislative and regulatory developments the inability to accessibility ample money from inner and external resources and on favorable terms realization of expansion estimates, profits tax and regulatory matters the skill of the Firm to implement its company approaches level of competition financial and monetary problems, such as volatility in interest and trade charges, commodity and equity price ranges alterations in shopper need disruptions to our know-how network such as computer system devices and program pure events these types of as significant weather, fires, floods and earthquakes and challenges similar to health and fitness pandemics and the outbreak of communicable conditions, these kinds of as the existing outbreak of COVID-19. Even though the Corporation has attempted to establish crucial aspects that could trigger precise steps, functions or effects to vary materially from those described in ahead-wanting statements, there may perhaps be other variables that lead to actions, functions or final results not to be as anticipated, estimated or meant. There can be no assurance that ahead-looking statements will prove to be precise, as true effects and future gatherings could vary materially from people predicted in such statements. Accordingly, readers should really not spot undue reliance on forward-wanting statements.
The Enterprise disclaims any intention or obligation to update or revise any ahead-seeking statements no matter whether as a outcome of new facts, future events, or if not, besides in accordance with relevant securities legislation.
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Call: Yaniv Spielberg
Chief Method Officer
Bragg Gaming Group
Joseph Jaffoni, Richard Land, James Leahy
Search phrase: EUROPE GREECE NORTH The usa CANADA
Business Search term: Digital Games OTHER Enjoyment On line casino/GAMING Amusement
Source: Bragg Gaming Team
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PUB: 08/09/2021 08:00 AM/DISC: 08/09/2021 08:01 AM