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Bragg Gaming Group Secures Gibraltar License

Bragg Gaming Group Secures Gibraltar License
by
September 6, 2023
in Business News, iGaming News
282

In the ever-evolving world of iGaming, Bragg Gaming Group has once again made headlines by securing a coveted business-to-business (B2B) remote gambling license in Gibraltar. This small European territory has emerged as a thriving hub for iGaming operations, housing multinational Tier 1 online casino, sportsbook, bingo, and lottery businesses. Bragg’s latest achievement promises to open up new horizons for the company, allowing it to serve numerous locally licensed operators within Gibraltar.

Gibraltar: A Thriving iGaming Hub

Gibraltar has long been recognized as a strategic location for iGaming companies, attracting industry giants like Entain, 888, William Hill, bet365, and Lottoland. The territory’s favorable regulatory environment, robust infrastructure, and strategic position at the crossroads of Europe and Africa have made it an ideal base for global iGaming operations. Bragg Gaming Group’s decision to secure a B2B remote gambling license in Gibraltar is a testament to the company’s commitment to expanding its footprint in key regulated markets.

A Global Presence

Bragg Gaming Group is no stranger to navigating the complex world of iGaming regulations. With licenses already in hand in various jurisdictions, including the UK, Malta, Romania, Sweden, Belgium, and Greece, as well as multiple states in the United States and the province of Ontario in Canada, the company has been steadily building its global presence. This expansion strategy aligns with Bragg’s vision of becoming a leading content-driven iGaming B2B provider.

Impressive Growth

The significance of Bragg’s recent achievement is underscored by its impressive financial performance. The company recently reported an 18.9% increase in revenue, reaching EUR 24.7 million during the second quarter of 2023. This growth, compared to the same period in the previous year, highlights the effectiveness of Bragg’s strategy to become a key player in the iGaming industry.

Lara Falzon, President and Chief Operating Officer at Bragg Gaming Group, expressed her enthusiasm regarding this milestone, stating, “Gibraltar is an important jurisdiction that is home to both UK and international-facing companies, and this license will enable us to further expand our presence in key regulated markets.”

She added, “We have seen significant growth over the last few months, entering new markets and boosting our reach in established ones, and this license is an important milestone as we continue our journey. We’re looking forward to collaborating with new partners and introducing our content on their online casino platforms.”

With these developments, Bragg Gaming Group is poised to play an even more prominent role in the iGaming industry, offering its innovative solutions to a broader range of operators and partners. As the company continues to expand its reach, it’s essential to address some frequently asked questions (FAQs) about Bragg Gaming Group and its latest achievements.

FAQs About Bragg Gaming Group and Its Gibraltar License

What is Bragg Gaming Group’s primary focus in the iGaming industry?
Bragg Gaming Group aims to become a leading content-driven iGaming B2B provider. The company is committed to offering innovative solutions and expanding its presence in key regulated markets worldwide.

How does Gibraltar fit into Bragg’s expansion strategy?
Gibraltar serves as a strategic hub for iGaming operations, housing numerous multinational Tier 1 online casino, sportsbook, bingo, and lottery businesses. By obtaining a B2B remote gambling license in Gibraltar, Bragg gains access to this thriving market and the opportunity to serve locally licensed operators.

What other licenses does Bragg Gaming Group hold?
Bragg Gaming Group holds B2B licenses in several jurisdictions, including the UK, Malta, Romania, Sweden, Belgium, Greece, multiple states in the United States, and the province of Ontario in Canada. This extensive licensing portfolio enables the company to operate in a diverse range of markets.

How has Bragg Gaming Group’s financial performance been recently?
Bragg Gaming Group reported an impressive 18.9% increase in revenue, reaching EUR 24.7 million during the second quarter of 2023, compared to the same period in the previous year. This growth reflects the company’s successful expansion strategy.

What are Bragg Gaming Group’s plans for the future?
Bragg Gaming Group is focused on further expanding its global presence, forging new partnerships, and introducing its content on online casino platforms. The company’s long-term vision is to continue its journey as a key player in the iGaming industry, offering cutting-edge solutions to its partners and clients.

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