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Upturn AI SWOT - About
Bragg Gaming Group Inc (BRAG)
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Upturn Advisory Summary
10/15/2025: 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 $6.01
1 Year Target Price $6.01
| 2 | Strong Buy |
| 4 | Buy |
| 0 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -19.38% | Avg. Invested days 22 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/15/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 74.32M USD | Price to earnings Ratio - | 1Y Target Price 6.01 |
Price to earnings Ratio - | 1Y Target Price 6.01 | ||
Volume (30-day avg) 6 | Beta 0.25 | 52 Weeks Range 2.59 - 6.12 | Updated Date 10/15/2025 |
52 Weeks Range 2.59 - 6.12 | Updated Date 10/15/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.24 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -5.06% | Operating Margin (TTM) -9% |
Management Effectiveness
Return on Assets (TTM) -3.42% | Return on Equity (TTM) -7.67% |
Valuation
Trailing PE - | Forward PE 476.19 | Enterprise Value 73839465 | Price to Sales(TTM) 0.71 |
Enterprise Value 73839465 | Price to Sales(TTM) 0.71 | ||
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 28.72 | Percent Institutions 6.29 |
Upturn AI SWOT
Bragg Gaming Group Inc
Company Overview
History and Background
Bragg Gaming Group Inc. was founded in 2018 through a reverse takeover of Breaking Data Corp. It has grown through acquisitions and organic expansion to become a global iGaming technology and content provider.
Core Business Areas
- Technology & Content: Bragg provides a full turnkey iGaming platform and premium casino content, including proprietary and third-party games, via its ORYX Gaming and Spin Games divisions.
- Managed Services: Offers comprehensive managed services, including marketing, customer support, and regulatory compliance, for iGaming operators.
- Turnkey Solutions: End to end solution offering that allows operators to launch and grow their online gaming businesses.
Leadership and Structure
The leadership team consists of seasoned executives with experience in the iGaming industry. The organizational structure includes departments for technology, content development, sales, marketing, and operations. Matevu017e Mazij is the CEO.
Top Products and Market Share
Key Offerings
- ORYX Gaming Platform: A comprehensive iGaming platform offering a wide range of games and tools for operators. Market share data is difficult to determine precisely but is estimated to be around 5-10% within the markets they operate. Competitors include EveryMatrix, SoftSwiss, and Playtech.
- Spin Games Content: A portfolio of proprietary and licensed casino games available through the ORYX platform. Market share is fragmented and difficult to precisely quantify. Competitors include Light & Wonder, IGT, and Aristocrat.
Market Dynamics
Industry Overview
The iGaming industry is experiencing rapid growth driven by increasing internet penetration, legalization of online gambling in more regions, and technological advancements.
Positioning
Bragg is positioned as a technology and content provider to iGaming operators, focusing on regulated markets. Their competitive advantage lies in their turnkey platform and diverse game portfolio.
Total Addressable Market (TAM)
The global iGaming market is estimated to reach hundreds of billions of dollars in the coming years. Bragg is positioned to capture a share of this TAM by expanding its reach into new regulated markets and offering innovative products.
Upturn SWOT Analysis
Strengths
- Turnkey iGaming platform
- Diverse game portfolio
- Focus on regulated markets
- Strong management team
- Acquired technology from Wild Streak Gaming
Weaknesses
- Smaller market share compared to larger competitors
- Reliance on acquisitions for growth
- Limited brand recognition
- Dependent on regulatory approvals
Opportunities
- Expansion into new regulated markets (North America)
- Development of new and innovative games
- Partnerships with major iGaming operators
- Increasing demand for iGaming solutions
Threats
- Intense competition in the iGaming market
- Changing regulatory landscape
- Economic downturn
- Technological disruptions
Competitors and Market Share
Key Competitors
- ENTMF
- PDYPY
- Flutter Entertainment (PDYPY)
Competitive Landscape
Bragg competes with larger, more established companies in the iGaming market. Its competitive advantages include its turnkey platform, diverse game portfolio, and focus on regulated markets. However, it faces challenges in terms of brand recognition and market share.
Major Acquisitions
Spin Games LLC
- Year: 2022
- Acquisition Price (USD millions): 30
- Strategic Rationale: Expanded Bragg's content portfolio and presence in the North American market.
Growth Trajectory and Initiatives
Historical Growth: Bragg's historical growth has been driven by acquisitions and organic expansion, particularly in North America.
Future Projections: Future growth is projected to come from expanding into new regulated markets, launching new games, and increasing its market share in existing markets.
Recent Initiatives: Recent initiatives include securing new licenses in regulated markets, launching new game titles, and forming partnerships with iGaming operators.
Summary
Bragg Gaming Group is a growing iGaming technology and content provider focused on regulated markets. Its turnkey platform and diverse game portfolio are strengths, but it faces competition from larger players and must navigate a complex regulatory landscape. Expansion into new markets and strategic partnerships are key to future growth. The group may experience challenges related to maintaining growth while working towards net profitability.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings
- Industry Reports
- Analyst Estimates
- Company Website
Disclaimers:
The data provided is for informational purposes only and should not be considered financial advice. Market share data is estimated and may not be precise. Financial information is based on available data and may be 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 540 | Website https://bragg.group |
Full time employees 540 | 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 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.
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