Canadian online gaming innovator Bragg Gaming Group Incorporated has announced that it will holding a shareholders meeting on April 28 so as to seek official permission to list with the Nasdaq stock exchange.
The Toronto-headquartered firm used a short Monday press release to declare that it has already filed an application with the American bourse but will need to ‘demonstrate compliance’ for the ‘initial listing price requirement’ by getting shareholder consent for a possible ‘share consolidation’.
Currently listed with the Toronto Stock Exchange, Bragg Gaming Group Incorporated is the parent of Malta-licensed online casino, sportsbook and lottery turnkey technologies provider Oryx Gaming Limited while moreover offering its own range of iGaming business-to-business content aggregation, marketing and operational services. The firm stated that it currently has clients across North America and Europe but hopes that the Nasdaq float will enable it to continue ‘expanding into an international force within the burgeoning global online gaming market.’
Should it be obliged to consolidate it shares as part of the new listing and Bragg Gaming Group Incorporated disclosed that it intends to investigate a range of ratios up to and including offering existing investors one of its new Nasdaq stakes for every 15 currently held. The innovator also proclaimed that it would only embark on such an action if ‘required to meet the applicable Nasdaq listing requirement’ following the receipt of official conformation from the New York City-based bourse that it had ‘demonstrated compliance with all other applicable requirements for initial listing.’
Read a statement from Bragg Gaming Group Incorporated…
“The consolidation would take effect a minimum of five business days prior to listing on Nasdaq. The company’s proposed Nasdaq listing is dependent on satisfying Nasdaq quantitative and qualitative listing standards and there is no assurance that such listing will be completed.”
In related news and Oryx Gaming Limited used a subsequent Tuesday press release to reveal the signing of an agreement that is to see it supply the Jackpots.ch domain from Grand Casino Baden with games from German developer Gamomat Distribution GmbH. Headquartered in the Valletta suburb of Ta’ Xbiex, the provider proclaimed that this alliance ‘will see it bolster its presence in the Swiss market’ by making a range of top-performing video slots including the five-reel and ten-payline Ramses Book, Royal Seven and Savanna Moon titles available to the European nation’s oldest online casino.
Matevz Mazij serves as the Managing Director for Oryx Gaming Limited and he described the Swiss partnership as ‘a big step’ in his firm’s ongoing effort to grow into a market offering ‘great potential.’ He furthermore disclosed that his company’s content is licensed by regulators for 18 major jurisdictions while the games for Jackpots.ch are due to be integrated with the player account management platform from local online casino technology provider Gamanza Group AG.
Read a statement from Mazij…
“We believe the content we offer is the perfect fit for players in Switzerland and we look forward to working together with Grand Casino Baden to reach a new audience.”