Bragg Gaming Group breaks records with 74.6% revenue growth in 2020 (VIDEO)

Bragg Gaming Group has reported that customer generated gambling revenue increased 73.5% to € 11.8 billion compared to € 6.8 billion in 2019.

Likewise, Adjusted EBITDA increased by 432.8%, to € 5.5 million, compared to € 1 million the previous year, with margins that increased significantly from 3.9% to 11.9%.

On these very positive results, Adam Arviv, Bragg's interim CEO, highlighted the great achievements made during 2020, which are reflected in substantial revenue growth, global expansion with new clients in key markets and a better offer of contents.

On the other hand, Richard Carter, Interim Chief Executive Officer of Bragg, has assured that he has worked hand in hand with Arviv “to grow the group's underlying operating profit margin and rapidly expand into new markets, particularly the burgeoning US market. Our extensive experience and wide-ranging industry networks within this ever-expanding market will add significant value to Bragg shareholders. We are now very well positioned to capitalize on the strong growth in the online gaming industry globally to grow the group’s underling operating profit margin and to expand rapidly into new markets, particularly the burgeoning U.S. market. Our extensive experience and wide-ranging industry networks within this constantly expanding market will add significant value for Bragg shareholders. We are now extremely well-positioned to capitalize on the strong growth in the online gaming sector globally ".

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