Bragg Gaming Group has secured approval from the Pennsylvania Gaming Control Board, clearing the path for their purchase of Spin Games, a transaction anticipated to finalize in early 2022. This development follows a binding contract inked several months prior and highlights Bragg Gaming’s ambitious foray into the profitable American market.
By capitalizing on Spin Games’ existing alliances and keeping its executive team, led by founder and Chief Executive Officer Kent Young, Bragg, a Canadian firm, aims to penetrate a market estimated to reach over \$18 billion by the close of 2022.
Yaniv Spielberg, Bragg Gaming’s Chief Strategy Officer, voiced enthusiasm regarding the acquisition, emphasizing that it represents substantial advancement in their content revenue generation and market growth initiatives. He contends that Spin’s established connections with major stakeholders in the US iGaming sector, combined with the capabilities of its management team, will be crucial in propelling their US expansion.
Sharing Spielberg’s sentiments, Young conveyed his eagerness to collaborate with Bragg, referencing their demonstrated capacity to implement expansion strategies. This acquisition establishes Bragg Gaming as a significant player in the rapidly developing US iGaming arena.
The merger is progressing seamlessly, and we’re fully prepared to launch immediately upon finalizing the agreement.”
He also provided an update on their robust standing in the Dutch market, where they maintain a substantial portion of the market share. They currently support two internet gaming providers and furnish content to two others, harboring ambitious goals for further expansion in the coming year.