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Bragg Gaming Group Inc ( (TSE:BRAG) ) has provided an announcement.
Bragg Gaming Group has announced a strategic restructuring that will cut about 12% of its global workforce as part of a broader plan to streamline operations, lower its cost base and accelerate its path to sustained net profitability. The move is expected to generate approximately EUR 4.5 million in annualized cash savings after an estimated EUR 1.0 million in one-time personnel-related charges, and is accompanied by an ambitious AI transformation program that aims to make Bragg an AI-first company by 2027, with AI-enhanced products standard across most launches and the majority of operational workflows influenced by AI. Management frames the restructuring and cost reductions as the final step, after recent key hires, to preserve the company’s cash runway, support EBITDA growth and strengthen its position for organic expansion and potential industry consolidation, particularly as the iGaming sector faces mounting regulatory and tax pressures and new opportunities in areas such as prediction markets and historical racing.
The most recent analyst rating on (TSE:BRAG) stock is a Hold with a C$3.00 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.
Bragg Gaming Group’s overall score is primarily influenced by strong revenue growth and strategic expansion efforts. However, profitability challenges and a negative valuation score weigh heavily on the stock’s attractiveness. Technical indicators suggest a bearish trend, while recent corporate events and positive earnings call sentiment provide some optimism.
To see Spark’s full report on TSE:BRAG stock, click here.
More about Bragg Gaming Group Inc
Bragg Gaming Group Inc. is a Toronto-headquartered iGaming content and technology provider, supplying online gaming platforms, casino content and related technology solutions to regulated operators in global markets. The company focuses on leveraging proprietary technology and digital gaming content to serve the expanding, highly regulated international online gambling and betting industry.
Average Trading Volume: 18,035
Technical Sentiment Signal: Sell
Current Market Cap: C$74.57M
For detailed information about BRAG stock, go to TipRanks’ Stock Analysis page.