Online gaming group Legacy Eight has sold approximately three million shares in the Bragg Gaming Group, raising $0.75m in the process.
Legacy Eight said in a statement that it disposed of ownership of a total of three million shares in Bragg. The deal, which closed late last week at a cost of $0.25 cents per share, raised $750,000.
In the statement, Legacy Eight said it holds Bragg Gaming shares “for investment purposes” and may acquire or dispose of more in the future.
The group still retains 6.3 million shares in Bragg, which is just under eight per cent of the issued and outstanding common shares.
Established in December 2018, the Bragg Gaming Group has three central business verticals – online casino provider Oryx Gaming, media brand GiveMeSport, and GiveMeBet, a UK-facing online betting and casino brand.