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Showing posts from January, 2021

Bragg Gaming Group

Bragg Gaming is through its wholly owned subsidiary, Oryx Gaming, a B2B online gaming solution provider. Bragg offers solutions for retail, online and mobile gaming via their proprietary iGaming platform, which includes a casino content aggregator, sportsbook, lottery, marketing and operational services.  Summary Pure-play B2B iGaming software provider Rapidly expanding TAM with U.S States passing new gambling legislation Secular Industry Growth High-growth business growing 74% y/y (9 months ended 2020) Well diversified with 90+ clients in different geographies High switching costs, Bragg has not lost a single customer in 5+ years Heavily discounted to US and European peers Near term catalyst with NASDAQ relisting  Multiple states in the US have legalized online gambling with multiple other states expected to follow and the total U.S Online Gaming Market is expected to have a compounded annual growth rate of 19% during the next seven years. The growth of such a large market has not gon