Bragg and Spin Games have found an agreement And now the famous gaming brand has also been approved to acquire the professionalvider software.
The agreement from 30 million $, who had already been reached in May, has now also received the approval of the Pennsylvania Gaming Control Board and other regulatory approvals.
But let's see more in detail What are Bragg and Spin Games In this article of our experts, where they also speak more in detail of this agreement just achieved.
What are Bragg and Spin Games?
Bragg Gaming Group and Spin Games are two Gaming sector giantsnull The first is a Famous operator, or rather a supplier of online gaming platforms, based on Toronto, Canada. The second is a Game professionalviders basic in Nevada (United States), Specialized in latest generation slot machines and owner of various patents.
Bragg acquired Oryx Gaming in 2018, thanks to which he also managed to enter the regulated market in the Netherlands and to provide his platform a Two operators with license.
Also has in anticipation of continue to increase its customers in the new market as soon as other operators are approved.
The $ 30 million agreement just approved in Bragg to acquire Spin Games should, according to the supplier, end in the first months of this year.
The 30 million will be divided into 20 million in ordinary shares by Bragg Gaming Group and, the others 10, will be in cash.
This acquisition, according to the Chief Strategy Officer of Bragg, It helps business growth in the United Statesnull The company, in fact, plans to be able to monetize with the new contents obtained from the acquisition, and thinks of doing it in the short term.
Bragg's statements on the acquisition of Spin Games
Yaniv Spielberg, the Chief Strategy Officer of Bragg Gaming Group, on the acquisition of Spin Games has left no doubt. These are his statements: "Spin's existing relationships with the main joint gambling operators and the expert management team under the founder and CEO of Spin Games, Kent Young, They will significantly accelerate our entry into the United States gambling market. We also have scheduled to make our total responsibility market at the end of the year 2022 substantially grow to more than $ 18 billion”.
“We also expect that The total directive market will expand further as new states will approve igamingnull As such, Bragg remains favorably positioned to accelerate our growth in the future. ”, He concluded by saying Spielberg.
The words of the founder of Spin Games
Young, the founder of Spin Games, on the agreement with Bragg added: “Our enthusiasm to join the Bragg family continues to grow. Especially as long as Let's first person the company's ability to perform its growth strategy shortly and long term. "
And he also said: "On the basis of the progress already achieved with our integration plan, We are able to start working after completing the transaction”.
To then conclude with: "We are confident that the combination of our existing imprint and the large relationships with the main operators of North America igaming, combined with Bragg's attention on technology, highly engaging content and distribution, they will strengthen the competitive position of the combined company in this rapidly growing market”.