Bragg Gaming Secures New $6 Million Credit Facility

Bragg Gaming Group Inc ( (TSE:BRAG) ) just unveiled an announcement.

Bragg Gaming Group Inc announced the approval of a new Senior Secured Revolving Credit Facility of up to USD 6 million from a Schedule I Canadian bank. This facility, which offers more favorable terms than the existing promissory note, will be utilized for working capital, growth initiatives, and general corporate purposes, following the repayment of the remaining USD 2 million on the current note. The new credit facility is expected to enhance Bragg’s financial flexibility and support its strategic growth initiatives.

The most recent analyst rating on (TSE:BRAG) stock is a Buy with a C$8.50 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 overall score is driven by a strong earnings call that highlights substantial revenue growth and strategic market expansion, particularly in the U.S. and Brazil. Corporate events add to the positive outlook with new innovations and partnerships. However, ongoing net losses and valuation challenges moderate the score.

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, catering to a diverse range of clients worldwide.

Average Trading Volume: 11,062

Technical Sentiment Signal: Sell

Current Market Cap: C$146.9M

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