Bragg Gaming Group has introduced a brand new financing settlement with the Financial institution of Montreal, highlighting confidence in long-term development.
B2B iGaming firm Bragg has introduced it has entered a brand new financing settlement with the Financial institution of Montreal, totalling credit score of as much as $6 million. The corporate confirmed it used the brand new monetary backing to repay prior money owed and can enact a brand new technique to help future development.
“We’re very happy to determine this new relationship with the Financial institution of Montreal, a acknowledged chief in monetary companies,” mentioned Robbie Bressler, CFO of Bragg Gaming Group, in the press release. “This new credit score facility strengthens our stability sheet and supplies us with a versatile capital construction to execute our strategic plan. The flexibility to safe financing from a serious North American financial institution underscores the arrogance in our enterprise and our long-term development prospects. We stay up for an extended and profitable partnership with BMO.”
The corporate went on to focus on its focus for development within the coming months and years, spotlighting AI, partnerships with operators like Fanatics and Laborious Rock Digital, and “sturdy momentum within the proprietary content material and know-how pipeline”.
“Securing this BMO facility represents a essential milestone in our strategic plan to strengthen Bragg’s monetary basis and speed up worth creation for our shareholders,” mentioned Matevž Mazij, CEO of Bragg Gaming Group. “With our cybersecurity incident contained and our borrowing prices lower by greater than half, we’re laser-focused on executing our strategic shift towards higher-quality earnings. The Firm is prioritizing margin and money era over lower-margin income, and synergies realized post-quarter finish to grow to be a leaner operation.
“We perceive the significance of delivering outcomes for our shareholders, and our board and administration group are totally aligned and dedicated to executing the strategic initiatives that can drive worth. With improved monetary flexibility, a strengthened operational basis, and clear milestones forward, we imagine we have now the best technique and group in place to unlock Bragg’s full potential. We stay dedicated to maximizing shareholder value as we construct sustainable, worthwhile development and guarantee our sturdy operational efficiency interprets into acceptable market valuation.”
Bragg improves cybersecurity after breach
The corporate additionally supplied an replace on its previously announced cybersecurity incident, first detected on August 16, 2025. The incident has now been solved and the corporate doesn’t assume any private data was affected.
Bragg assured clients that its recreation titles and their information are safe, taking learnings from the incident ahead to enhance its cybersecurity defenses.
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