Bragg Gaming Extends Promissory Note and Secures New Credit Facility

Bragg Gaming Group Inc ( (TSE:BRAG) ) has shared an announcement.

Bragg Gaming Group Inc announced an extension of the maturity date for its existing promissory note, totaling USD 2 million, to August 15, 2025. Additionally, the company is progressing towards securing a senior secured revolving credit facility with a Canadian bank, expected to provide up to USD 6 million for working capital and growth initiatives. This facility is anticipated to offer more favorable terms than the existing note, including lower borrowing costs and improved drawdown flexibility, which could positively impact Bragg’s financial operations and strategic growth.

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 Neutral.

The overall score reflects robust revenue growth and market expansion, particularly in the U.S. and Brazil, bolstered by strategic partnerships. Despite strong cash flow generation and improved profit margins, ongoing profitability challenges and a negative P/E ratio weigh on the score. Positive technical indicators and strategic guidance from the earnings call offer a promising outlook.

To see Spark’s full report on TSE:BRAG stock, click here.

More about Bragg Gaming Group Inc

Bragg Gaming Group Inc is a leading global B2B iGaming content and technology provider. The company focuses on delivering innovative gaming solutions and services to the online gaming industry.

Average Trading Volume: 7,732

Technical Sentiment Signal: Hold

Current Market Cap: C$161.2M

See more data about BRAG stock on TipRanks’ Stock Analysis page.