Bragg Gaming Group Inc. BRAG has offered its innovative Player Account Management ("PAM") software for the launch of Hard Rock Digital's iGaming website, HardRockCasino.nl.
Bragg boosts its Dutch market reach with this sixth PAM client in the Netherlands.
Perks of the Deal
Per the deal, the HardRockCasino.nl website will have access to Bragg's full suite of managed services including payment processing and technology, 24/7 customer support, retention marketing, fraud prevention services, and access to its responsible gambling solutions. Furthermore, the company will offer exclusive content from its in-house proprietary, games development studios including Atomic Slot Lab and Indigo Magic.
Other than supplying PAM technology, Bragg will also permit content aggregation wherein HardRockCasino.nl will gain access to the Bragg HUB. This move will bring together more than 10,000 casino titles, including exclusive games built on the Bragg Remote Gaming Server and games from other leading iGaming suppliers.
Notably, all the online casino games delivered through the Bragg HUB content delivery platform come with Bragg's Fuze promotional tools as standard, which offer player engagement features on games such as free rounds, tournaments and quests.
Online Gaming Boosts Growth
Bragg Gaming is diligently focusing on transforming itself into a content-focused iGaming solutions provider across expanding North American and European markets. This strategic move is backed by expanding and diversifying its content portfolio through organic and inorganic initiatives, entering into accretive partnerships and focusing on expanding its footprint.
Focusing on expanding its product portfolio, during the first quarter of 2024, Bragg Gaming released 19 new exclusive online casino games, including seven from its in-house Bragg's Studios. The company also launched online games in the United States for the first time from the popular land-based slots developer King Show Games, which further boosted its strong exclusive games road map for North America. Furthermore, the company delivered and deployed its second custom slot game developed for Caesars Digital, Boardwalk Slots Bankers in cash, which is now exclusively live on Caesars Palace online casino and Caesars Sportsbook online casino in Michigan and New Jersey.
Given the robust progress in new and existing markets regarding online gaming, Bragg Gaming remains bullish on the opportunities ahead as the trend of iGaming regulation continues globally. The company has observed exciting potential in the newly regulated markets of Brazil, Peru and Finland, accompanied by untapped opportunities in regions like Africa.
Image Source: Zacks Investment Research
Shares of this content and technology solutions provider to the iGaming industry have surged 89.1% in the past year, outperforming the Zacks Gaming industry's 5.8% growth.
Zacks Rank & Key Picks
Bragg Gaming currently carries a Zacks Rank #4 (Sell).
Here are some better-ranked stocks from the Consumer Discretionary sector.
PlayAGS, Inc. AGS presently sports a Zacks Rank #1 (Strong Buy).
AGS has a trailing four-quarter earnings surprise of 33.3%, on average. The stock has hiked 100.7% in the past year. The Zacks Consensus Estimate for AGS' 2024 sales and earnings per share implies growth of 7.7% and 5,200%, respectively, from the year-ago levels.
La-Z-Boy Incorporated LZB currently sports a Zacks Rank of 1. LZB has a trailing four-quarter earnings surprise of 15.3%, on average. The stock has gained 29.7% in the past year.
The Zacks Consensus Estimate for LZB's fiscal 2025 sales and EPS implies growth of 2.1% and 5%, respectively, from the year-ago levels.
Adtalem Global Education Inc. ATGE currently carries a Zacks Rank #2 (Buy). ATGE has a trailing four-quarter earnings surprise of 18.8%, on average. The stock has surged 95.3% in the past year.
The Zacks Consensus Estimate for ATGE's fiscal 2025 sales and EPS indicates an increase of 5.3% and 16.6%, respectively, from the year-ago levels.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
