Mergers & Acquisitions ·
Bragg Gaming Group closed the acquisition of Drayton International for US$9,000,000 in common shares, expanding its…
BRAGBragg Gaming Group Inc.
Bragg Gaming Group closed the acquisition of Drayton International for US$9,000,000 in common shares, expanding its presence in the U.S. sports betting and horse racing markets. The company also converted 751,445 subscription receipts at US$1.73 per receipt into common shares and warrants, and renewed its senior credit facility with Bank of Montreal. Additionally, Matt Davey was appointed as Non-Executive Chairman of the board, succeeding Holly Gagnon, while Matevz Mazij resigned from the board. Bragg Gaming Group is an iGaming content and platform technology solutions provider.