Transition at the Helm: CFO Ronen Kannor Bids Farewell
Bragg Gaming Group has announced the impending departure of Chief Financial Officer Ronen Kannor on June 3, 2024. Kannor is set to explore new professional horizons, and the company is in the process of identifying his successor.
Reflecting on a Period of Significant Growth
During Ronen Kannor’s tenure, Bragg Gaming witnessed transformative growth, securing listings on prominent stock exchanges and finalizing key acquisitions. CEO Matevž Mazij lauded Kannor’s contributions to these achievements.
In his own words, Kannor expressed deep gratitude for his journey with Bragg Gaming: “It has been an honour to be part of the Bragg team that has successfully navigated many challenges and continued to deliver consistent growth over the past four years. I thank the Board for their support throughout my time with Bragg, and I am now fully focused on ensuring a smooth handover to my successor.”
Kannor also extended his appreciation to his finance team, acknowledging their relentless effort in fostering the company’s financial prosperity: “Special thanks goes to my finance team, who work tirelessly to deliver the positive change and financial growth that the Company continues to achieve. I wish them and all of my colleagues continued success with Bragg now and in the future.”
Financial and Strategic Milestones
Despite a brief revenue dip in the last quarter, Bragg’s yearly financials revealed a 10.4% revenue increase to €93.5 million and a notable jump in adjusted EBITDA. This financial resilience underscores the company’s strategic acumen, including the formation of a committee to explore future growth avenues.
Solidifying Presence in Latin America
Bragg’s strategic acquisition of a B2B license from Peru’s Mincetur marks a significant step in cementing its position in the Latin American online casino market. This initiative will offer operators access to Bragg’s extensive game portfolio through the Bragg Hub platform, as the Peruvian igaming market awaits its official launch.
Expanding Offerings and Market Reach
Highlighting the importance of adapting to new markets, Ivica Jovanovski, Head of Aggregation at Bragg, shared the company’s enthusiasm for entering Peru. Bragg’s Oryx Gaming subsidiary now boasts over 9,000 game titles, complemented by a full-service player account management platform. This platform includes a comprehensive suite of tools designed to enhance player engagement and operational efficiency.
Looking Ahead
As Bragg Gaming Group forges ahead, it remains committed to strategic expansion, regulatory compliance, and product innovation. With the Peruvian license in its portfolio and a technology-driven approach, Bragg is well-prepared to explore new opportunities in Latin America and beyond, promising an exciting future for the company and its stakeholders.
