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Bragg Gaming Group Inc ( (TSE:BRAG) ) has shared an update.
Bragg Gaming Group has expanded its U.S. presence by launching its exclusive online casino content and Remote Gaming Server technology with Fanatics Casino in New Jersey, Michigan, and Pennsylvania. This strategic move aims to accelerate the growth of Bragg’s proprietary content and diversify revenue in the North American market, enhancing its industry positioning and offering a significant opportunity to showcase its gaming titles in major iGaming markets.
The most recent analyst rating on (TSE:BRAG) stock is a Buy with a C$9.00 price target. To see the full list of analyst forecasts on Bragg Gaming Group Inc stock, see the TSE:BRAG Stock Forecast page.
Spark’s Take on TSE:BRAG Stock
According to Spark, TipRanks’ AI Analyst, TSE:BRAG is a Outperform.
Bragg Gaming Group’s score reflects a balanced outlook with strong revenue growth and positive developments from strategic partnerships and corporate events. However, persistent net losses and challenges in free cash flow generation weigh on the score. The positive sentiment from the earnings call and robust market expansion efforts in the U.S. and Brazil bolster confidence in the company’s growth trajectory.
To see Spark’s full report on TSE:BRAG stock, click here.
More about Bragg Gaming Group Inc
Bragg Gaming Group is an iGaming content and platform technology solutions provider, offering proprietary and exclusive content and player account management technology. The company serves online and land-based gaming operators, featuring high-performing casino game titles from in-house brands like Wild Streak Gaming, Atomic Slot Lab, and Indigo Magic. Bragg’s content is distributed via its remote games server technology through the Bragg HUB content delivery platform.
Average Trading Volume: 10,456
Technical Sentiment Signal: Sell
Current Market Cap: C$147.4M
See more data about BRAG stock on TipRanks’ Stock Analysis page.