Published on: September 14, 2025, 05:36h.

Updated on: September 14, 2025, 05:36h.

• Bragg Gaming Group finalizes new debt arrangement
• Cybersecurity incident from August resolved following a thorough investigation
• New borrowing costs anticipated to be significantly lower than previous debt obligations

On a hectic Friday, Toronto’s Bragg Gaming Group, a leading B2B igaming content and tech provider, announced a debt financing arrangement with the Bank of Montreal while also updating stakeholders on a cyber incident from last month.

Debt Agreement with BMO

In August, the company reported a potential cybersecurity breach believed to be confined to Bragg’s internal systems. They indicated that this issue did not hamper their operations and that there was no evidence of any personal data breach.

The incident occurred on August 16. Following measures to address any potential consequences and with the guidance of external cybersecurity professionals, Bragg now considers the matter resolved.

Updates on Fanatics and Hard Rock Partnerships

The company confirmed that the circumstances outlined in the August release remain unchanged. There is no indication of personal data exposure, ensuring that operations continue unimpeded. Reassurances have also been extended to clients concerning the security of their gaming offerings.

The financial agreement with BMO grants Bragg access to a USD $6 million credit line. This partnership coincides with the complete repayment of a promissory note held by Doug Fallon, Bragg’s Group Director of Content and Founder of Wild Streak Gaming.

Strategic Focus on U.S. Market

“This new credit facility enhances our balance sheet and offers a flexible capital framework to implement our strategic initiatives,” stated Robbie Bressler, CFO of Bragg Gaming Group. “Securing financing from a major North American bank reflects confidence in our operations and long-term growth potential. We anticipate a productive partnership with BMO.”

The management expressed that, according to the BMO loan terms, annual borrowing costs are expected to be below half of previous debt expenses, facilitating further growth.

Launch in Brazil and Future Aspirations

“Finalizing this BMO credit line marks a significant advancement in our strategy to reinforce Bragg’s financial base and boost value creation for our investors,” said Matevž Mazij, CEO of Bragg Gaming Group. “With the cybersecurity event managed and reduced borrowing expenses, we are fully committed to executing our strategic pivot towards higher-quality earnings. The company is prioritizing profits and cash flow over lower-margin revenues, and synergies realized after the quarter will streamline operations.

“We have already achieved EUR 2 million in annualized savings and are on course to meet our 20% Adjusted EBITDA margin goal for the latter half of 2025.”

Mazij noted the recent partnerships with companies like Fanatics and Hard Rock Digital as signs of growth potential in the U.S. market through a robust content and technology pipeline, alongside the previously cited expansion into Brazil’s igaming sector.

Enhanced Financial Flexibility

“With improved financial agility, a fortified operational framework, and clear upcoming milestones, we believe we have the right strategy and team to unlock Bragg’s full potential,” Mazij remarked. “We remain dedicated to maximizing shareholder value while establishing sustainable and profitable growth that translates our strong operational performance into appropriate market valuations.”

In addition to supplying operators with unique gaming content like Wild Streak Gaming, Atomic Slot Lab, and Indigo Magic, Bragg also offers player account management solutions. Games developed using Bragg’s remote games server (“RGS”) technology are distributed through the Bragg HUB content delivery platform.