Stay informed about major investments shaping the gambling sector, including casino expansion projects, company acquisitions, strategic partnerships, private placements, venture funding, and other financial developments driving industry growth worldwide.
Bragg Gaming Group has announced a non-brokered private placement to raise up to $1.3 million, featuring significant commitments from insiders. The move comes after workforce reductions aimed at improving profitability. Key details include subscription receipts priced at $1.73, convertible into shares and warrants. The company anticipates using the proceeds for corporate purposes and working capital, with a closing date around June 19.
The UK prize draw sector is emerging as a lucrative opportunity for iGaming operators. With a market worth £1.3 billion and 7.4 million active players, it is attracting significant attention and investment, particularly from major players like Flutter and Zeal Network. The introduction of a voluntary code in May aims to regulate the sector while highlighting its potential as a cross-sell opportunity for traditional gambling activities.
