logo-loader
viewBragg Gaming Group

Bragg Gaming anticipates reporting record revenue growth in the third quarter of 2019

Bragg's CEO said: "We expect to achieve Q3 2019 revenue growth of over 25% against the same period last year and sequential revenue growth of over 10%"

Bragg Gaming Group sites
"In addition, September was our best month since Bragg’s inception, with average daily volume through our aggregator platform hitting record numbers"

Bragg Gaming Group (CVE:BRAG) (OTCMKTS:BRGGF) has revealed that it anticipates reporting record revenue growth in the third quarter of 2019.

In a brief statement, trailing the numbers which the firm will discuss during its third quarter 2019 conference call on November 12, Bragg chief executive officer Dominic Mansour said: “I am thrilled with our performance in the third quarter and the progress we’ve made since our inception late last year.”

READ: Bragg Gaming’s flagship asset ORYX Gaming is strong contributor to 2Q revenue of C$8.8 million

He added: “We expect to achieve Q3 2019 revenue growth of over 25% against the same period last year and sequential revenue growth of over 10%. Year-to-date, revenue is up over 35% from the first nine months of 2018.

"In addition, September was our best month since Bragg’s inception, with average daily volume through our aggregator platform hitting record numbers.”

"I am very excited about the direction Bragg is going, and I am confident that we will only grow from here,” Mansour concluded.

In its second quarter numbers, released on August 27, Bragg reported C$8.8 million in revenue, gross profit of C$3.8 million, and an EBITDA loss of C$0.3 million.

For the first half overall, Bragg’s revenue grew to C$18 million, gross profit amounted to C$8.2 million, while the net loss from continuing operations stood at C$9.4 million.

The company, formed by a team of gaming industry experts, is focused on becoming a leader within the evolving global gaming industry.

Bragg’s portfolio includes ORYX Gaming, an innovative B2B gaming technology platform and casino content aggregator, and GiveMeSport, a top sports media outlet and with over 26 million fans, the number one Facebook Sport Publisher.

Contact the author at [email protected]

Quick facts: Bragg Gaming Group

Price: 0.25 CAD

TSX-V:BRAG
Market: TSX-V
Market Cap: $19.47 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Bragg Gaming Group named herein, including the promotion by the Company of Bragg Gaming Group in any Content on the Site, the Company receives...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Bragg Gaming Group signs deal with Betclic

Bragg Gaming (CVE:BRAG-OTC: BRGGF) Director of Business Development Yaniv Spielberg joined Steve Darling from Proactive in Toronto to discuss the deal that gives Oryx easy access to a roster of over 8,000 games. Spielberg talks about how they plan of using their network for distribution of...

3 weeks, 2 days ago

2 min read