Bragg Gaming Group CEO Matevž Mazij has said there remains an “unchanged” desire to create growth opportunities for the company and its shareholders after the conclusion of a recent strategic review.
In announcing record Q3 revenue in November, Bragg said a “significant number” of potential parties came forward and “multiple” non-binding proposals were considered.
But it said none of the proposals reflected the company’s “intrinsic value.”
Nevertheless, in a business update on Wednesday, Mazij said the company remains “committed to creating shareholder value and liquidity opportunities over the next year through strategic transactions or other value-enhancing initiatives.”
He said the review provided “invaluable insights” and has “sharpened our focus on the metrics that matter most” when it comes to evaluating any future potential acquisition or merger proposals.
“We've identified key focus areas, such as stronger cash generation, increased revenue diversification, accelerated proprietary content growth and enhanced margins,” he said.
“These are tangible, actionable targets that have been at the heart of our strategic initiatives, and we believe are achievable under our 2025 plan."
Bragg said it expects “sustained double-digit bottom-line growth” in 2025 and “increased operational leverage.”
Formal guidance will be issued in “early 2025,” the group said.
