Bragg Gaming has spent about $30 million on Spin Games, giving the new owner access to other iGaming markets across the United States. [Image: Shutterstock.com]
cash and inventory
Toronto-based Bragg Gaming Group has completed the acquisition of Spin Games LLC with a cash and stock arrangement of approximately $30 million.
iGaming’s widely differentiated product offerings. “
In a press release on Wednesday, Bragg said the Nevada-based company has brought with it “iGaming’s unique, widely distributed product offering.” The Canadian company also shared news of the acquisition via Twitter, saying that the addition of Spin will boost its expansion in the US:
Spin Games casino content is live, licensed, and distributed in New Jersey, Pennsylvania, and Michigan. Pending launches in Connecticut, British Columbia, Canada. In a press release, Bragg said he will “immediately strengthen Spin’s relationships in the United States on iGaming.”
Spin’s access to government gaming and its relationship with authorized iCasino operators give Bragg confidence to say the acquisition will “significantly accelerate…” its growth within the US iGaming market.
Yaniv Spielberg, chief strategy officer in Prague, spoke about US growth with his company and Spin that combine their strengths, such as market reach, new and tailored content, and nifty data analytics.
Tone and words Use Bragg to announce the Spin . deal It has made it clear that it wants to expand at a rapid pace. Spielberg said Bragg was in line for the “rapid growth” of its US footprint over the “next several months”. Via Spin, Bragg can now reach gambling operators in additional legal playing states and offer them their complete online gambling solution.
Spin Games has over 30 games developed in-house, including slot machines, video poker, action bingo and keno. The brand also brings several third-party titles from ground-based slot makers to the existing Bragg portfolio.
Spielberg also revealed the appointment of Kent Young, founder and CEO of Spin Games, as president of Bragg, Americas.
Perfectly positioned […] To quickly implement iGaming’s expansion plan in the US and Canada”
Young’s remit includes overseeing Bragg’s market expansion. Young said the business “was in a perfect location […] For the rapid implementation of iGaming’s expansion plan in the US and Canada.”
Cross country content
With the Spin access card to other US states, Bragg will now begin pushing new in-house developed – and exclusive third-party – online casino content into a new market, in addition to selling its existing European casino content. .
According to Bragg’s news release, the company expects to release its first of its own games – Egyptian Magic, Fairy Dust and Paradise Ticket – on a Remote Game Server (RGS). Bragg estimates that the launch of these games in Connecticut, Michigan and New Jersey will occur in the third quarter of 2022, with Pennsylvania preparing to follow suit.