Bragg Gaming Group announced a new content distribution agreement with Brazino777, a leading Latin American online casino operator, to supply its proprietary casino content across the regulated markets of Mexico and Brazil. The deal extends Bragg’s in‑house studio pipeline—featuring Wild Streak Gaming, Atomic Slot Lab, and Indigo Magic—into Brazino777’s network, which is known for its strong local brand presence and fast withdrawal rates in Brazil.
The partnership builds on Bragg’s recent Q3 2025 results, where total revenue reached €26.8 million, a 2 % year‑over‑year increase (20 % excluding the Netherlands). Adjusted EBITDA rose to €4.45 million, up 9 % YoY, and proprietary content revenue grew 35 % from Q3 2024. Bragg’s gross margin of 54.7 % and adjusted EBITDA margin of 16.6 % reflect a 115‑basis‑point and 100‑basis‑point improvement, respectively, driven by a higher mix of high‑margin studio titles and disciplined cost management. The revenue miss relative to analyst expectations of €31.18 million is largely attributable to macro‑economic headwinds in legacy markets and intensified competition, while margin expansion signals the company’s successful shift toward its more profitable proprietary content.
Brazino777’s strong local brand and efficient payout infrastructure make it an ideal partner for Bragg’s high‑margin content. By leveraging Brazino777’s established player base, Bragg can accelerate the monetization of its studio titles in Brazil—an emerging market projected to reach $1.4 billion in 2025 and $3.7 billion by 2029. The agreement is expected to contribute significantly to Bragg’s goal of achieving a 20 % adjusted EBITDA margin by the second half of 2026, as the partnership expands revenue streams while maintaining the company’s high‑margin focus.
Management emphasized the strategic importance of the deal. Sara Mosallaee, Bragg’s Regional Director for LatAm, said, “Forging strong partnerships in key LatAm markets is essential to sustaining our long‑term growth trajectory. This collaboration represents a major step forward in expanding the reach of our proprietary content throughout the region.” Andre Medeiros, Country Manager for Brazil at Brazino777, added, “Bragg’s industry‑leading RGS content is a valuable addition to our portfolio in markets like Brazil. As a brand closely connected to local players, we’re always looking to expand the quality of experiences we offer.”
The partnership strengthens Bragg’s competitive position by deepening its footprint in high‑growth, regulated markets and reinforcing its focus on high‑margin proprietary content. With Brazino777’s local expertise and Bragg’s studio portfolio, the company is well positioned to capture a larger share of the Latin American iGaming market while improving profitability and supporting its long‑term growth targets.
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