Current Directors Paul Godfrey (Chair), Paul
Pathak, and Rob Godfrey will not stand for re-election at the
Annual General Meeting to be held on June 22, 2023
Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG) (“Bragg” or
“the Company”), a global B2B gaming technology and content
provider, announced today that it has filed a notice of meeting and
management information circular ("Circular") in respect of
its upcoming annual meeting of shareholders (the “Meeting”)
to be held on Thursday, June 22, 2023 at 10:00 a.m. (Toronto
Time).
In addition, the Company also announced that there will be three
new nominees for election to its board of directors (the
"Board"). The new nominees will replace three existing
directors, Paul Godfrey (Chair), Paul Pathak, and Rob Godfrey, who
have each opted not to stand for re-election to the Board at the
Meeting. Paul Godfrey has entered into a 24-month consulting
agreement under which he will provide the Company with advisory
services.
Including the new nominees, there will be seven individuals
nominated for election to the Board. The election of the three new
directors will add significant gaming and financial industry
experience to the Board and demonstrates Bragg’s ongoing commitment
toward initiatives to further establish the Company as a leading
global provider of innovative online gaming content. Set out below
are the new nominees together with brief background information on
each.
Kent Young Kent Young is an innovator, entrepreneur, and
longtime leader in the global gaming industry. In a career spanning
more than 30 years, he has held senior executive positions with
Bragg and other prominent companies, including Aristocrat
Technologies in Australia and America; and Aruze Gaming America.
While at Aristocrat, Mr. Young held several roles including Vice
President of Research and Development and Global General Manager of
Marketing. In this role Mr. Young helped spearhead the successful
effort to introduce and popularize “penny slots” in the industry
and significantly contributed to Aristocrats North American market
entry. He has served on multiple industry boards including the
Gaming Standards Association. An entrepreneur, Kent successfully
founded, built, and sold two gaming technology companies – True
Blue Gaming and Spin Games. Kent holds a Bachelor of Commerce
degree from James Cook University of North Queensland. He and his
wife, Christina, are based in Reno, Nevada, where they are deeply
involved in supporting nonprofit organizations with their time,
skills and assets.
Don Robertson (Independent) Don Robertson has more than
25 years of corporate finance, risk management and governance
experience and is currently serving on the Board of Directors of
Orillia Power Generation Corporation. He served as Managing
Director and Head of Global M&A at Scotiabank from 2017 to 2022
and as Chief Executive Officer, Canada and Head of Corporate
Finance, Americas at Standard Chartered Bank from 2012 to 2016 as
well as Managing Director and Head of Canadian M&A at Credit
Suisse from 2006 to 2012. Earlier in his career, Mr. Robertson
served as a Director at RBC Capital Markets from 1997 to 2006 and
Articled at Blake, Cassels & Graydon LLP from 1996 to 1997. He
holds a Bachelor of Commerce from Laurentian University, an MBA
from the Schulich School of Business at York University, and a JD
from the Osgoode Hall Law School at York University. He was called
to the Bar of Ontario in 1998.
Ron Baryoseph (Independent) Ron Baryoseph is a gaming
industry veteran with over 30 years of experience in the North
American regulated land based and online gaming sectors. Ron is
president of RBY Gaming which has provided distribution, sales and
consulting services to companies including Cammegh, Playtech,
Inspired Gaming, Suzo Happ, Softweave, e Connect, Tangiamo, Apt Pay
and others. Prior to opening RBY Gaming, Ron served as SVP of Amaya
Gaming. During his tenure, Amaya acquired The Stars Group as well
as Cadillac Jack which was subsequently sold to AGS. Ron has also
held senior positions with Aristocrat Technologies, IGT, TCS John
Huxley and Paulson Gaming Supplies (now GPI). His strategic
planning and collaborative style have led to numerous
successes.
Yaniv Sherman, Director and Chief Executive Officer of Bragg,
said, “We are delighted to welcome Kent Young, Don Robertson, and
Ron Baryoseph to the Board. We believe their collective gaming
industry experience, relationships and expertise will provide a
significant boost to our continued execution on our many B2B
iGaming growth opportunities as we seek to deliver profitable
revenue growth and increasing cash flow which will ultimately drive
enhanced value for our shareholders. We are confident that the
changes to the Board announced today will help take our Company to
the next level.
“Paul Godfrey has served as the Chair of the Board since January
2021, and Paul Pathak and Rob Godfrey have dutifully served on the
Board and various committees of the Board since 2019. The Company
sincerely thanks Messrs. Godfrey, Pathak, and Godfrey for their
significant contributions and guidance to the Company. During their
time on the Board, Bragg has transformed itself and become a global
organization with a diverse platform of game development studios
and leading technology. As directors, they played an important role
in helping to expand our iGaming capabilities including through the
acquisitions of Spin Games and Wild Streak Gaming, which have
significantly enhanced our game development efforts and provided an
important foundation for our North American expansion which is
successfully diversifying our business. More recently, they have
helped foster our successful content-led focus which has seen Bragg
begin to deliver proprietary and exclusive third-party content to a
growing roster of iGaming operators around the globe."
The Circular is filed under the Company's SEDAR profile at
www.sedar.com and under the Company's EDGAR profile at
www.sec.gov.
About Bragg Gaming Group Bragg Gaming Group (NASDAQ:
BRAG, TSX: BRAG) is a content-driven iGaming technology provider,
serving online and land-based gaming operators with its proprietary
and exclusive content, and its cutting-edge technology. Bragg
Studios offer high-performing, data-driven and passionately crafted
casino gaming titles from in-house brands Wild Streak Gaming, Spin
Games, Atomic Slot Lab, Indigo Magic and Oryx Gaming. Its
proprietary content portfolio is complemented by a range of
exclusive titles from carefully selected studio partners which are
Powered By Bragg: games built on Bragg remote games server (Bragg
RGS) technology, distributed via the Bragg Hub content delivery
platform and available exclusively to Bragg’s customers. Bragg’s
modern and flexible omnichannel Player Account Management (Bragg
PAM) platform powers multiple leading iCasino and sportsbook brands
and is supported by expert in-house managed operational and
marketing services. All content delivered via the Bragg Hub,
whether exclusive or from Bragg’s large, aggregated games
portfolio, is managed from a single back-office and is supported by
powerful data analytics tools, as well as Bragg’s Fuze™ player
engagement toolset. Bragg is licensed or otherwise certified,
approved and operational in multiple regulated iCasino markets
globally, including in New Jersey, Pennsylvania, Michigan, Ontario,
the United Kingdom, Italy, the Netherlands, Germany, Sweden, Spain,
Malta and Colombia.
Cautionary Statement Regarding Forward-Looking
Information This news release may certain statements, referred
to herein as “forward-looking statements”, constitute
"forward-looking information" within the meaning of applicable
Canadian securities laws and “forward-looking statements” within
the meaning of the United States Private Securities Litigation
Reform Act of 1995. Often, but not always, forward-looking
statements can be identified by the use of words such as "plans",
"expects" or "does not expect", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates" or
"does not anticipate", or "believes", or describes a "goal", or
variation of such words and phrases or state that certain actions,
events or results "may", "could", "would", "might" or "will" be
taken, occur or be achieved.
Forward-looking statements contained in this news release are
based on certain factors and assumptions made by management of the
Company based on their current expectations, estimates,
projections, assumptions and beliefs regarding their business and
the Company does not provide any assurance that actual results will
meet management’s expectations. While management considers these
assumptions to be reasonable based on information currently
available to them, they may prove to be incorrect. Such
forward-looking statements are not guarantees of future events or
performance and by their nature involve known and unknown risks,
uncertainties and other factors, including those risks described in
the Company’s annual information form (which is filed under the
Company's SEDAR profile at www.sedar.com and under the Company's
EDGAR profile at www.sec.gov), that may cause the actual results,
performance or achievements to be materially different from any
future results, performance or achievements expressed or implied by
such forward‐looking statements. Although the Company has attempted
to identify important factors that could cause actual actions,
events or results to differ materially from those described in
forward‐looking statements, other factors may cause actions, events
or results to be different than anticipated, estimated or intended.
There can be no assurance that such statements will prove to be
accurate as actual results and future events could vary or differ
materially from those anticipated in such forward-looking
statements. Accordingly, readers should not place undue reliance on
forward‐looking information. The Company does not undertake to
update any forward-looking information, whether as a result of new
information or future events or otherwise, except as may be
required by applicable securities laws.
The Company disclaims any intention or obligation to update or
revise any forward-looking statements whether as a result of new
information, future events, or otherwise, except in accordance with
applicable securities laws.
Find out more here: https://bragg.group
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version on businesswire.com: https://www.businesswire.com/news/home/20230526005021/en/
Yaniv Spielberg Chief Strategy Officer Bragg Gaming Group
investors@bragg.games
Joseph Jaffoni, Richard Land, James Leahy JCIR 212-835-8500 or
bragg@jcir.com
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