Bragg Gaming Group, located in Toronto, attributes its 7.1% year-over-year revenue increase to a revitalized emphasis on proprietary content and growth in important markets such as the US and Brazil.
On Thursday morning, the company announced its Q1 2025 financial results, showcasing a 150% increase in US revenue compared to the previous year, attributed to Bragg’s exclusive online casino content from its studios.
Bragg, a worldwide B2B provider of iGaming content and technology solutions (including online casinos, sports betting, and lotteries), announced total Q1 revenue of US$28.6 million.
“We are thrilled to be reporting a strong start to 2025, showing that we are executing on our strategy and moving the metrics that we believe are most important to shareholder value,” said Bragg CEO Matevž Mazij in a statement.
Mazij indicated that the Netherlands is a hindrance to revenues, explaining that the market has decelerated in recent quarters due to regulatory pressures. The Netherlands experienced a 19% drop compared to Q1 2024 as a result of regulatory changes such as player deposit limits and higher gaming taxes.
Excluding the Netherlands, revenue growth relative to Q1 2024 was 27%. Mazij stated that the firm is lessening its exposure to the Netherlands.
Other financial highlights included an increase in gross profit margin to 56%, fueled by the growth of proprietary content, a 19.7% rise in adjusted EBITDA, and a 63.5% year-over-year increase in cash from operations to US$5 million.
Another key highlight was a 62% increase in proprietary content revenue year-over-year, representing a record 15.5% of total revenue.
“During the quarter, we continued to improve our product mix, generating a greater proportion of revenue from high-margin proprietary content,” said Mazij. “In turn, this contributed to a higher Adjusted EBITDA margin, which combined with careful cost controls, demonstrate operational leverage and increased cash generation.”
In January, Bragg revealed its entrance into Brazil’s newly regulated iGaming sector. Bragg stated that the online casino industry is expected to reach a value of US$1.4 billion in 2025 and US$3.7 billion by 2030, as reported by H2 Gambling Capital. Bragg expressed its expectation that Brazil’s iGaming sector could account for as much as 10% of the firm’s overall revenue by 2025.
In January, the firm revealed an extension of its collaboration with Caesars Entertainment. The new collaboration features an exclusive partnership in game development and a lease of Bragg’s Remote Gaming Server technology, enabling Caesars to develop unique online casino games for the regulated markets in Canada and the United States.
The initial game released through this collaboration – Caesars Palace Signature Multihand Blackjack Surrender – was launched this week.
In a statement, the company said it “anticipates double-digit growth in Revenue and Adjusted EBITDA in the full year of 2025.”
The company has an eye on the possible legalization of online casinos in Ohio as a major growth opportunity. During a conference call with investors on Thursday morning, Mazij said: “The US is and will continue to be an extremely important focus for Bragg. We’re seeing robust overall market expansion in the US, with the online casino vertical, our specialty in Pennsylvania, Michigan, New Jersey, Delaware, and Connecticut, growing 25% in the past year.”
“With iCasino booming, the momentum is growing for new states to open up to online casino regulation,” he said. “The $9.5 billion US online casino market in 2025 is projected to be worth over $75 billion US dollars at maturity. As we continue to grow at a faster rate than this expanding market, we’re extremely bullish about the opportunity for Bragg.”
Keep up to date with our current updates on online casinos! Each participant in this dynamic sector must stay informed about trends, developments, and legal changes. Our news segment includes everything from significant industry advancements and professional insights to thrilling promotions and newly launched games.
23 August 2025
ProgressPlay was fined £1 million (US$1.35 million) by the UK Gambling Commission on Thursday for regulatory violations. ProgressPlay, which has its headquarters in Limassol, Cypr..
20 August 2025
Since Virginia's legal gambling options have grown significantly in recent years, some Richmond lawmakers feel that the state needs to establish a gaming commission to oversee casi..
Establishing an online casino account marks your initial move into a thrilling gaming experience. Regardless of whether you're an experienced player or a beginner, knowing how to configure your account is essential for an enjoyable experience. This guide will take you step by step, from selecting the appropriate casino to finishing your registration.
Selecting the perfect casino for yourself might be difficult in this extensive industry due to the sheer number available. Most casinos provide bonuses, and several of them can be tailored to suit your preferences and gaming style.
You must first register an account by completing the following steps before you can play and get your bonus:
1. Press the "Register/Sign Up" button.
2. Complete the Registration Form.
3. Confirm Who You Are
4. Configure Payment Options
5. Pay Your Initial Deposit
A deposit requirement refers to the sum of money you need to bet prior to utilizing your bonus winnings for cash. Once you've made a deposit, enjoy playing various games and placing your wagers!
In order to offer you knowledgeable advice, we meticulously research and examine the world of online casinos. Our aim is to provide you with the knowledge and skills needed to engage in online gaming responsibly. Here are four reasons our evaluations are the finest!
In addition to reviews, we provide guides on tactics, advice, and how to select the ideal casino for various player requirements.
We provide numerous highly valuable welcome bonuses that can assist you in starting your gambling journey.
We focus on assessments of licensed and regulated casinos, highlighting player safety and fairness.
Transparency is essential; we emphasize both the advantages and disadvantages of each casino, assisting players in making informed choices.
We realize that selecting the appropriate online casino can be daunting, particularly with numerous choices out there. That’s why our goal is to offer thorough, impartial reviews to assist you in making informed choices before you begin playing.
Quick withdrawals
Live chat available 24/7
Backs games that are verifiably fair
Full Terms & Conditions apply. New players only. Please gamble responsibly. The deposit and bonus amount must be wagered 40 times (a total of 80x wagering on your initial deposit). The maximum wager per betting round contributing to the wagering requirements is €10.
Chat available 24/7
Contemporary design
Different selections of casino games
18+. New customers only. Promo period: 02.12.2024. 00:01 GMT- 31.12.2024. 23:59 GMT. 150% Deposit Bonus up to £150 on the first deposit. 30x wagering on Deposit and Bonus (game weighting applies) + 100 Wager-Free Spins (Winter Champions (Relax Gaming)) of £0.10. Min. deposit £20. No wagering requirement. Play responsibly • BeGambleAware.org T&Cs apply
Compatible with mobile devices
Verified as equitable through independent assessments
Protected by SSL encryption
Terms and Conditions apply. New players only.18+.Min deposit £20. 40x wagering applies to match up bonus . Offer valid for 1 week. 50 Spins on Starburst. 40x wagering applies to Spins. See full terms here.
Residence of various providers
Various payment methods available
Games suitable for mobile devices
Full Terms & Conditions apply. New players only. Please gamble responsibly.