Bragg Gaming Group is set to go live in what the group calls the “high-potential Caribbean market,” after gaining receipt of a Bahamian gaming supplier licence.
Having completed the certification process for a licence to supply its content and services in the Bahamas, the group’s relevant operator partners will soon be able to offer Bragg’s online casino game titles from proprietary and third-party game development studios.
Detailing its latest entry, Bragg stated that “the Bahamas player base has a similar demographic to the United States and Canada,” markets which it expects to target more widely later in the year with further licence applications underway in New Jersey, Pennsylvania, Michigan and Ontario.
This is the latest in a series of regulatory green-lights issued to the company, following launches in the UK, the Netherlands, Greece, Switzerland and the Czech Republic during the past 12 months.
Chris Looney, Chief Commercial Officer at Bragg, said: “The Bahamas represents a fantastic opportunity for us to leverage our strength in appealing to different player demographics and highlights our team’s overall flexibility and scope of content.
“This latest license award furthers our global growth strategy and for a market that is one of several that we expect to go live in over the balance of this year. We’re looking forward to getting started with our soon to be announced Bahamian partners.”
Last month, momentum across current operations were heavily praised by Bragg, which said that it expects to exceed previously expressed revenue and adjusted EBITDA guidance.
For the fourth quarter, the company anticipates achieving revenue of approximately €15.4m ($17.6m), with it expected that adjusted EBITDA will fall in the region of €1.3m ($1.5m).
As a result, Bragg expects to report full year 2021 revenue of approximately €58m ($66.1m) and adjusted EBITDA of €7m ($8m), which would represent growth of 25 per cent and 26 per cent, respectively, versus 2020. This compares to previous guidance of €55m-€56m ($63m-$64m) in revenue and adjusted EBITDA of €6.6m-€6.8m ($7.5m-7.8m).