This story was published more than 1 year ago.
Canadian betting firm Bragg Gaming Group has announced their first quarter financial results, revealing a rise in revenues for the period.
Bragg owns the gaming groups ORYX and GiveMeSport, which are recent purchases but have generated positive results for Bragg's bottom line.
Key financial indicators for the quarter ending March 31st, 2019 were:
Speaking about the results company CEO Dominic Mansour said, "It's our first full quarter, and we've been focused on building a solid foundation for future growth. We delivered on our initial goals, including closing a number of divisions within the old Breaking Data organisation and completing a substantial restructure of the GiveMeSport (GMS) business.
"We aggressively cost-managed GMS and pivoted the direction of the sports media site. Bragg was also able to break even at the EBITDA level by quarter-end, the first time in the company's history and sooner than we expected."