Bragg Gaming Group has introduced a brand new financing settlement with the Financial institution of Montreal, highlighting confidence in long-term progress.
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 progress.
“We’re more than happy to determine this new relationship with the Financial institution of Montreal, a acknowledged chief in monetary providers,” mentioned Robbie Bressler, CFO of Bragg Gaming Group, in the press launch. “This new credit score facility strengthens our steadiness sheet and offers us with a versatile capital construction to execute our strategic plan. The power to safe financing from a significant North American financial institution underscores the arrogance in our enterprise and our long-term progress prospects. We sit up for a protracted and profitable partnership with BMO.”
The corporate went on to focus on its focus for progress within the coming months and years, spotlighting AI, partnerships with operators like Fanatics and Exhausting Rock Digital, and “sturdy momentum within the proprietary content material and expertise 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 minimize 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 change into a leaner operation.
“We perceive the significance of delivering outcomes for our shareholders, and our board and administration workforce are totally aligned and dedicated to executing the strategic initiatives that may drive worth. With improved monetary flexibility, a strengthened operational basis, and clear milestones forward, we imagine we’ve got the precise technique and workforce in place to unlock Bragg’s full potential. We stay dedicated to maximizing shareholder worth as we construct sustainable, worthwhile progress and guarantee our sturdy operational efficiency interprets into acceptable market valuation.”
Bragg improves cybersecurity after breach
The corporate additionally provided an replace on its beforehand introduced 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 sport titles and their information are safe, taking learnings from the incident ahead to enhance its cybersecurity defenses.
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