Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
Help & Tutorial - Chart
- Upturn Summary
- Highlights
- Valuation
- About
Bragg Gaming Group Inc (BRAG)
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)
Stock price based on last close (see disclosures)
- ALL
- 1Y
- 1M
- 1W
Upturn Advisory Summary
02/23/2026: BRAG (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
6 Analysts rated it
Limited analyst coverage, niche firm, research info may be scarce.
1 Year Target Price $8.18
1 Year Target Price $8.18
| 2 | Strong Buy |
| 4 | Buy |
| 0 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 44.03M USD | Price to earnings Ratio - | 1Y Target Price 8.18 |
Price to earnings Ratio - | 1Y Target Price 8.18 | ||
Volume (30-day avg) 6 | Beta 0.54 | 52 Weeks Range 1.58 - 5.12 | Updated Date 02/23/2026 |
52 Weeks Range 1.58 - 5.12 | Updated Date 02/23/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.34 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -7.06% | Operating Margin (TTM) -2.95% |
Management Effectiveness
Return on Assets (TTM) -3.48% | Return on Equity (TTM) -11.07% |
Valuation
Trailing PE - | Forward PE 476.19 | Enterprise Value 73839465 | Price to Sales(TTM) 0.42 |
Enterprise Value 73839465 | Price to Sales(TTM) 0.42 | ||
Enterprise Value to Revenue 0.6 | Enterprise Value to EBITDA 4.63 | Shares Outstanding 25449478 | Shares Floating 18135807 |
Shares Outstanding 25449478 | Shares Floating 18135807 | ||
Percent Insiders 28.75 | Percent Institutions 4.91 |
Upturn AI SWOT
Bragg Gaming Group Inc
Company Overview
History and Background
Bragg Gaming Group Inc. (formerly Bingo Entertainment) was founded in 2018 through the acquisition of Oryx Gaming by Energy Entertainment. The company has since undergone several transformations and rebranding efforts, with a significant focus on expanding its online gaming content and technology offerings. Key milestones include its listing on the Toronto Stock Exchange (TSX-V) and NASDAQ, and strategic acquisitions to bolster its portfolio.
Core Business Areas
- Game Development and Aggregation: Bragg develops and licenses its proprietary casino content through its in-house studios and aggregates content from third-party game providers via its ORYX content aggregation platform. This platform allows operators to access a wide variety of games.
- Platform and Technology Solutions: Bragg provides a comprehensive suite of iGaming solutions, including its proprietary Player Account Management (PAM) system and other backend technologies that support online casino operations.
- Managed Services: The company offers managed services to its clients, assisting them with the operational aspects of running an online casino.
Leadership and Structure
Bragg Gaming Group Inc. is led by a management team including Richard Carter (CEO), Yanislava Rasheva (CFO), and Dovet Eisenberg (General Counsel & Corporate Secretary), among others. The company operates through various subsidiaries, including ORYX Gaming.
Top Products and Market Share
Key Offerings
- ORYX Content Aggregation Platform: This platform is Bragg's flagship product, offering a vast library of casino games from its own studios and over 30 third-party providers. It is integrated with numerous operators globally. Market share data is not publicly disaggregated for this platform, but it competes with similar aggregation platforms from companies like Aspire Global, SoftSwiss, and Evolution Gaming.
- Proprietary Slot Games: Bragg develops its own slot titles through its in-house studios. These games are distributed via the ORYX platform. Competitors include major slot developers like NetEnt (part of Evolution), Play'n GO, Pragmatic Play, and Microgaming.
- ORYX PAM: A robust player account management system that underpins many online casino operations. It competes with PAM solutions from providers like EveryMatrix, Playtech, and BetConstruct.
Market Dynamics
Industry Overview
The online gaming industry, particularly the iGaming sector, is experiencing robust growth driven by increasing online penetration, favorable regulatory environments in various jurisdictions, and demand for engaging digital entertainment. The market is characterized by fierce competition, continuous innovation in game development, and a strong focus on technology and player experience.
Positioning
Bragg Gaming Group Inc. positions itself as a B2B solutions provider offering a comprehensive suite of content, technology, and platform services to licensed online gaming operators. Its competitive advantage lies in its content aggregation capabilities, proprietary games, and its flexible platform solutions, enabling operators to quickly launch and manage their gaming offerings.
Total Addressable Market (TAM)
The global online gambling market is projected to reach hundreds of billions of dollars in the coming years. Bragg Gaming Group Inc. operates within specific segments of this market, primarily focusing on content aggregation and platform provision in regulated European and North American markets. Its positioning is as a key enabler for operators within this TAM, rather than a direct consumer-facing operator.
Upturn SWOT Analysis
Strengths
- Diverse content offering through proprietary studios and third-party aggregation.
- Robust and flexible ORYX content aggregation platform.
- Strategic partnerships with numerous online gaming operators.
- Expansion into regulated North American markets.
- Experienced management team.
Weaknesses
- Reliance on third-party content providers for a significant portion of its aggregated library.
- Brand recognition may be lower compared to larger, more established gaming technology providers.
- Operational complexities in managing a global content aggregation business.
- Historical financial performance volatility.
Opportunities
- Continued expansion into new regulated markets, particularly in North America.
- Growth in online casino gaming and the demand for high-quality content.
- Potential for further acquisitions to enhance technology or content offerings.
- Leveraging data analytics for personalized player experiences.
- Increasing adoption of omnichannel solutions.
Threats
- Intensifying competition from established and emerging gaming technology providers.
- Regulatory changes and compliance challenges in different jurisdictions.
- Economic downturns impacting consumer spending on entertainment.
- Cybersecurity threats and data breaches.
- Technological advancements by competitors that could render existing solutions obsolete.
Competitors and Market Share
Key Competitors
- Evolution Gaming (EVO)
- Playtech (PTEC)
- Scientific Games (SGMS)
- Aristocrat Leisure (ALL.AX)
- IGT (IGT)
Competitive Landscape
Bragg competes in a highly competitive B2B iGaming market. While it has a strong content aggregation platform and proprietary games, it faces larger, more established players with wider market reach and deeper financial resources. Bragg's advantage lies in its agility, flexible solutions, and focus on specific niche markets and emerging regulated regions.
Major Acquisitions
ORYX Gaming
- Year: 2018
- Acquisition Price (USD millions):
- Strategic Rationale: Acquired to significantly expand Bragg's content aggregation capabilities and its proprietary game development portfolio, forming the core of its B2B offerings.
Growth Trajectory and Initiatives
Historical Growth: Bragg Gaming Group Inc. has demonstrated historical growth primarily through strategic acquisitions and organic expansion into new markets and by onboarding new operator clients to its platform. The company has been actively building its content library and technological capabilities.
Future Projections: Future growth is projected to be driven by further penetration in regulated markets, particularly North America, expanding its content partnerships, and potentially through additional strategic acquisitions. Analyst estimates would provide specific figures for revenue and earnings growth.
Recent Initiatives: Recent initiatives likely include the ongoing expansion in the US and Canadian markets, integration of new content providers, enhancement of its ORYX platform, and fostering relationships with new and existing operator clients.
Summary
Bragg Gaming Group Inc. is a dynamic B2B iGaming solutions provider with a strong content aggregation platform and growing proprietary game portfolio. The company is well-positioned to capitalize on the expanding regulated online gaming markets, particularly in North America. While facing intense competition from larger players, its strategic focus on agility and tailored solutions provides a competitive edge. Continued investment in market expansion and technology will be crucial for sustained growth.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company investor relations websites
- Financial news outlets
- Industry analysis reports
Disclaimers:
This analysis is based on publicly available information and is for informational purposes only. It does not constitute financial advice. Investors should conduct their own due diligence before making any investment decisions. Market share data and financial metrics are estimates and subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Bragg Gaming Group Inc
Exchange NASDAQ | Headquaters Toronto, ON, Canada | ||
IPO Launch date 2021-08-27 | CEO & Director Mr. Matevz Mazij | ||
Sector Consumer Cyclical | Industry Gambling | Full time employees 537 | Website https://bragg.group |
Full time employees 537 | Website https://bragg.group | ||
Bragg Gaming Group Inc. operates as an iGaming content and technology solutions provider serving online and land-based gaming operators with its proprietary and exclusive content. The company offers various games, including slot games, table games, card games, video bingo, scratch card games, virtual sports, and live dealer games. Its studios also provide crafted casino game titles using the data-driven insights from in-house brands, including Wild Streak Gaming, Atomic Slot Lab, and Indigo Magic; and its proprietary content portfolio is complemented by a cross section of exclusive titles from selected studio partners under the Powered By Bragg program. The company builds games on its own remote games server (RGS) technology that are distributed via the Bragg Hub content delivery platform and are available to the customers. Its proprietary player account management (PAM) technology powers various iCasino and sportsbook brands and is supported by in-house managed, operational, and marketing services. In addition, the company offers turnkey solutions; Fuze brand marketing toolset with Kingsbet.cz; and sportsbook technology through Altenar. It provides services to gaming operators in North America, including in the United States and Canada; in LatAM, Brazil, Mexico and Peru; and in Europe, such as Belgium, Croatia, Czech Republic, Germany, Greece, Italy, Portugal, Romania, Serbia, Spain, Sweden, Switzerland, and the United Kingdom. The company has a strategic partnership with Golden Whale Productions for the development of artificial intelligence powered gaming solutions. The company has a strategic partnership with Super Technologies. The company was formerly known as Rockies Financial Corporation and changed its name to Bragg Gaming Group Inc. in 2018. Bragg Gaming Group Inc. is headquartered in Toronto, Canada.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.