Bragg Gaming Group, a B2B provider of iGaming content and technology, has announced that the significant insider purchases that took place on December 10 highlighted the company’s confidence in its business. The company reiterated its optimistic FY 2025 guidance and implied that a sale might still be on the table.
The Bragg Leadership Is Optimistic
According to Bragg CEO Matevž Mazij, the insider purchases show that Bragg’s leadership is confident in the company’s near-term potential. He added that his team remains committed to delivering shareholder value and is dedicated to pursuing the objectives outlined in its strategic review.
The recently concluded review provided the Bragg team with important insights into “the key factors potential acquirers,” Mazij said, hinting at a possible sale. For context, Bragg’s strategic review was conducted by a committee that was formed in March to explore a potential sale.
Mazij furthermore said that the review identified several key focus areas, namely:
- stronger cash generation
- increased revenue diversification
- accelerated proprietary
- content growth
- enhanced margins
He added that Bragg believes these goals to be achievable under the 2025 plan.
These concrete objectives, combined with our ongoing commitment to explore opportunities that could provide meaningful liquidity events for our investors, strengthen our position. As insiders, we clearly see the potential to see this value realized in 2025.
Matevž Mazij, CEO, Bragg Gaming Group
A Robust Pipeline of Opportunities
In the meantime, Bragg continues to advance a “robust pipeline of opportunities” and expects it to drive strong momentum into 2025. Thanks to that, the company’s 2025 outlook remains positive.
Bragg reiterated its expectations for sustained double-digit top-line growth and added that it also expands on expanded bottom-line margins and increased operational leverage.
Bragg Gaming Group concluded that its formal guidance will be officially issued in early 2025.
A few weeks ago, the group published its Q3 report, ruling out a sale for the moment. At the time, the company said that “none of the proposals received reflect the company’s intrinsic value or current and projected financial performance” and disbanded its special committee.
However, Bragg also confirmed that it remained open to opportunities to maximize shareholder value.
