• April 14, 2024

Bragg Gaming speeds US iGaming market entry via $30m acquisition of Nevada-based Spin Games

In a move that it says will immediately establish its U.S. operating footprint and set the foundation for the firm’s growth strategy in the region,  Bragg Gaming Group (TSXV:BRAG) will reportedly acquire Nevada-based interactive software developer and distributor Spin Games LLC in an approximately $30 million cash and stock transaction.

Announced Wednesday, May 11th, 2021, terms of the definitive agreement includes the Reno-headquartered firm receiving a $10 million cash payment alongside $20 million in Bragg common shares, $5 million of which are to be issued upon closing of the deal, subject to regulatory approval, with the balance paid over the next three years.

Chief Executive Officer for Bragg Gaming Group, Richard Carter explain…

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