Tonix Pharmaceuticals stock halted ahead of FDA approval news
TORONTO - Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG), a global B2B iGaming technology provider with a market capitalization of $102.32 million, announced the appointment of Holly Gagnon to the position of Chair of its Board of Directors. According to InvestingPro data, the company maintains a strong balance sheet with more cash than debt. Ms. Gagnon, who has been a member of Bragg’s Board since 2021 as Lead Director, will succeed Matevž Mazij, who retains his roles as Chief Executive Officer and board member.
With over thirty years of leadership experience in the gaming industry, Gagnon’s career has spanned various senior roles at notable companies including Seneca Gaming Corporation and MGM Resorts International. She is also the president of HGC Hospitality Gaming Consulting and holds advisory positions within the industry.
Matevž Mazij expressed his confidence in Gagnon’s appointment, citing her extensive experience and strategic insights as valuable assets for Bragg’s future growth initiatives. Mazij, who previously held the position of Chair, emphasized his commitment to the company’s strategy and operational leadership as CEO.
Gagnon acknowledged the company’s strong position and expressed her eagerness to work with the board and management to capitalize on growth opportunities and uphold robust corporate governance. She holds a B.S. in Accounting from Bentley University, an MBA from Chaminade University of Honolulu, is a Certified Public Accountant, and lectures on leadership and hospitality/gaming.
The press release also contained forward-looking statements regarding the expected impact of these leadership changes on Bragg’s strategic initiatives and corporate vision. These statements are based on management’s current expectations and are subject to various risks and uncertainties.
Bragg Gaming Group specializes in delivering exclusive iGaming content and advanced player account management technology to online and land-based gaming operators. The company operates in over 30 regulated markets worldwide, including the U.S., Canada, Latin America, and Europe. Recent InvestingPro analysis shows the company achieved 9.07% revenue growth in the last twelve months, with a healthy gross profit margin of 52.98%. Investors looking for deeper insights can access comprehensive analysis and 6 additional ProTips through InvestingPro’s detailed research reports, available for over 1,400 US-listed companies.
This news is based on a press release statement from Bragg Gaming Group. With the company’s next earnings report scheduled for May 8, 2025, InvestingPro subscribers can access detailed Fair Value analysis and comprehensive financial metrics to make informed investment decisions. According to InvestingPro’s Fair Value assessment, the stock currently appears undervalued, presenting a potential opportunity for investors interested in the gaming technology sector.
In other recent news, Bragg Gaming Group has made strides in its financial restructuring by repaying $5 million of its $7 million secured promissory note, with the remaining $2 million extended to June 6, 2025. This move is part of Bragg’s strategy to enhance its balance sheet and secure better credit terms. Meanwhile, Benchmark analysts have maintained a Speculative Buy rating for Bragg Gaming, with a price target of $6.00, highlighting the company’s strategic expansion in the Brazilian market through a partnership with RapidPlay. This partnership is projected to contribute significantly to Bragg’s revenue by 2025. JMP Securities also raised Bragg’s price target to $6.00, noting the company’s strong EBITDA performance, which exceeded expectations due to improved margins. Bragg Gaming’s recent quarterly revenue stood at €27 million, slightly below consensus estimates, but proprietary content saw a notable 45% growth year-over-year. The company’s focus on exclusive content and market expansion is expected to bolster its financial performance, with a forecast for double-digit growth in 2025. Bragg’s strategic initiatives, including partnerships with major U.S. operators, are set to strengthen its market position, particularly in the rapidly growing iGaming sector.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.