BRAGG GAMING APPROVED FOR LICENSE BY PENNSYLVANIA GAMING CONTROL BOARD

By | May 19, 2022

 

Represents Final License Approval Required to Complete Spin Games LLC Acquisition

Bragg Gaming Group announced that at yesterday’s meeting, the Pennsylvania Gaming Control Board (“PGCB”) approved the Company to participate in the Commonwealth’s robust iGaming market. The PGCB’s approval is the final regulatory approval needed in advance of closing for Bragg to complete its previously announced acquisition of Spin Games LLC which the Company expects to close later this month. Nevada-based Spin Games is a B2B gaming technology and content provider currently servicing the U.S. market. Spin Games holds licenses in key iGaming-regulated U.S. states including New Jersey, Pennsylvania, Michigan and Connecticut, and supplies Tier 1 operators in these markets.

Yaniv Spielberg, Chief Strategy Officer for Bragg, said, “We appreciate the PGCB’s staff members’ diligence in reviewing our license application and thank them for the approval to enter Pennsylvania’s iGaming market. Reflecting this license approval, we look forward to completing our acquisition of Spin Games in the next few weeks.  Since announcing the planned acquisition, we have worked closely with the Spin Games team to complete the technical integration between our Remote Game Server (RGS) and their technology platform and as a result, we are ready to begin operating in several U.S. markets very quickly following the completion of the acquisition later this month.  We expect the Spin Games and our RGS combined offering will deliver the benefits of our advanced player engagement, data tools and platform technology alongside Spin Games’ U.S. market content and operator relationships, providing for a differentiated and widely distributed iGaming product offering.”

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