Spin Games Acquisition Deal Finalized By Bragg Gaming Group

The iGaming acquisitions market is heating up once more, with the announcement that Bragg Gaming Group has completed an acquisition of Spin Games, a B2B gaming house, in a deal worth around $30 million. With mergers and acquisitions hot in the iGaming markets worldwide, we are likely to see this trend continue in the coming years. While tech stocks are down, iGaming seems to be protected from the current buffeting of the markets.

Bragg Eyes Furth North American Expansion

Bragg was particularly interested in Spin so that they could use Spin’s US relationships to really leverage their new forays into the Canadian markets as well as complement their European operations. Bragg’s initial thoughts are to launch online real money games with roll out in Connecticut, Michigan, and New Jersey where Spin Gaming are already licenced and operating; Pennsylvania will come soon to follow. Since there are currently only six states where online casinos are allowed to operate with a valid licence, this represents a good deal for Bragg Gaming.

This new acquisition follows the trend of many other international acquisitions across the globe related to the expansion of the U S online iGaming markets. Companies in other jurisdictions with deep pockets are also looking to expand operations by buying up smaller companies. While there are only six jurisdictions in the US that currently allow these operations under licence this is likely to expand in the coming years. With gaming providers getting in now while it’s still hot and new, they’re hoping to get their foot in the door first. The Canadian market is also expanding which makes this another extremely viable opportunity.

About Spin

Spin represents a good investment for Bragg as they have 30 in-house developed games that are pending to go live in a number of jurisdictions and are already live in other North American jurisdictions. These games include slots, bingo and video poker.

Currently, Spin Games already has sealed deals with over 30 North American operators. While its present RGS and casino content are licensed and dispersed in New Jersey, Pennsylvania and Michigan. Moreover, the developer is also certified in Connecticut and British Columbia in Canada.

Founder and Chief Executive at Spin Games, Kent Young will now be filling the role as president for Bragg’s Americas operations, where he will manage its US market and growth game plan. Young confirmed that this acquisition will be greatly beneficial since it is strategically positioned, as it will help bolster their expansion plans for the US and Canada. Both the US and Canada are seeing a big push towards regulation and this has caused interest and activity within these markets to explode.

About Bragg

Bragg Gaming Group is listed on the NASDAQ under the moniker BRAG. The company has only been around since 2018, although they now have operations across Europe, North America, and Latin America and are making strategic moves for a global presence. Their remote games server makes them stand out in the iGaming industry.

Bragg’s turnkey solutions are perfect for new online gaming operators to get up and running quickly with the correct licences in place. Bragg’s WIld Streak and ORYX subsidiaries have also been doing very well in their own rights over in the US and Europe respectably. With a full suite of tools to empower frontline online casino operations, they are able to support growing markets with a sense of peace of mind.

With more leverage in the US via the Spin acquisition, US-based companies can put their full confidence in Bragg gaming to support their online gaming avenues.

Is Bragg onto a winner

Bragg boasts an impressive track record, with 60% revenue compound annual growth rate between 2019 and 2021. Bragg’s client list includes heavyweights such as Entain, 888 Holdings, BetCity, Kindred and BetWay, As well as many others. Bragg’s head office is based out of Toronto, with other offices in Malta, Las Vegas, and Ljubljana, well as London, representing a truly global business footprint.

Other current news at Bragg involves a new CEO Yaniv Sherman, who joins the company after 15 years as a senior executive at 888 Holdings. This represents a significant win for the company as 888 Holdings are in good stead across the industry and highly respected. Mr Sherman has been in the industry for over 20 years and holds a BA in Business and Human Resources and an MBA.

Follow along to say Bragg in all their new endeavours, in reaching new markets and producing new games for the B2B audience in all of North America as well as the European markets. We’re likely to see great things from this online gaming content house.