Bragg Gaming Group has completed the Bragg Drayton acquisition, closing its previously announced purchase of Drayton International for USD 9 million (ca. EUR 7.9 million). The deal strengthens the supplier’s position in the regulated U.S. market and adds new technology and content capabilities. At the same time, Bragg announced board changes and completed the conversion of subscription receipts.

• The Bragg Drayton acquisition was completed through the issuance of 4.5 million Bragg common shares, valuing the transaction at USD 9 million. Former Drayton shareholders are subject to lock-up periods of up to 24 months, with shares released in stages. Bragg said the acquisition expands its presence in regulated U.S. sports betting and horse racing.
• Drayton brings technology and operational capabilities, including Advance Deposit Wagering (ADW), the regulated online wagering model used in U.S. horse racing. The acquisition also adds equity interests in several licensed gaming studios, providing Bragg with additional proprietary content for its Hub and PAM platforms. CEO Matevz Mazij said: “Drayton gives bragg a direct, credible entry into the U.S. Advance Deposit Wagering (ADW) market.”
• Alongside the transaction, Bragg converted 751,445 subscription receipts into common shares and warrants. Each warrant can be exercised for one common share at USD 2.16 (ca. EUR 1.89)  over a period of 36 months. The company also renewed its senior credit facility with Bank of Montreal for another year on existing terms.
• Bragg appointed Matt Davey as Non-Executive Chairman following the completion of the transaction. Through Tekkorp Capital, Davey now holds around 10.09% of the company’s outstanding common shares on a non-diluted basis. Holly Gagnon stepped down as chair but remains on the board, while CEO Matevz Mazij resigned from the board in line with the company’s majority voting policy and continues as CEO.

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