On March 14th, Bragg Gaming Group acquired Wild Streak Gaming, a software development company specializing in online casino poker software. Wild Streak is an innovative company that was established in 2018 and is located in the UK. Wild Streak has developed a new patented, game-changing system (the Gaming Wish List) to change the way people play online poker. According to Wild Streak CEO Joao Paulo Bragado, the Gaming Wish List “makes online poker more interesting while also making it more fair”.
Bragg Gaming Group is a large, successful gaming group based in the UK. The group has a busy schedule playing poker events in the UK and Europe, and the members of the group are as diverse as the games they play.Bragg Gaming Group has started the month well with the continuation of its ambitious expansion in the gaming industry. The second one. In June, the iGaming technology and content provider announced the acquisition of Wild Streak Gaming, a Las Vegas-based game content developer that offers a portfolio of 39 premium casino games. Bragg Gaming Group is an international provider of B2B gaming technology and content. Since its founding in 2012, the company has formed numerous global partnerships in Europe and Latin America. The company continues to strive towards its goal of establishing itself as a leading brand in the gaming industry.
Multi-million dollar transaction
B2B has entered into a formal agreement to purchase all remaining shares of Wild Streak Gaming in a stock and cash transaction totaling approximately $30 million. The sponsor will receive approximately $10 million in cash and $20 million in common stock from the parent company over the next three years. The agreement gives Bragg Gaming Group access to the developer’s premium game content, including a library of 39 premium casino games. It also offers several excellent land-based games, as well as a strong portfolio of intellectual property, game expertise and design, and numerous services developed specifically for the U.S. market. The development team consists of experienced and innovative people from the game industry. Among them is the renowned slot designer, founder and current CEO of the studio – Doug Fallon. Mr. Fallon’s extensive industry experience has been instrumental in the success of the Company. Over the years, the developer has created numerous land-based slot machines and brands for many successful casinos. The B2B provider’s CEO, Richard Carter, praised how he and his team have managed to create an impressive portfolio of casino content for both land-based and iGaming casinos. He also welcomed the company’s team of experts and said he looked forward to what the future will bring, as Doug’s expertise will drive the company’s growth plan.
New Executive Director
Bragg Gaming Group has in recent days appointed its new and current CEO, Mr. Carter. He took office on 1 May this year, replacing Adam Arviva, who is the founder of the games leader and has served as interim CEO. Mr. Carter has extensive experience in the gaming industry and helped found SBTech in the United States.
The company also recently announced its financial results for the first quarter of 2021. Overall, the gaming group improved its results for the first quarter of 2020, reporting a 62% year-over-year increase in revenue. The number of unique players also increased by 54% in the first quarter of 2021 compared to the same three months last year. Source: Bragg Gaming continues to expand in the U.S. through the acquisition of premium content developer Wild Streak Gaming Business Wire, 2. June 2021