Business
Bragg Gaming Group Announces Strategic Restructuring to Reduce Cost Structure and Improve Operating Performance
Structural cost changes designed to secure a resilient financial foundation for 2026 and beyond ...
About this update from Bragg Gaming Group Inc.
[{"type":"text","content":"Bragg Gaming Group Announces Strategic Restructuring to Reduce Cost Structure and Improve Operating Performance\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }\n \n\n\n\n\n\n\n Structural cost changes designed to secure a resilient financial foundation for 2026 and beyond\n \n\n\n\n\n\n The core of Bragg's strategic overhaul centers on an ambitious AI transformation plan, targeting an AI-First company by 2027\n \n\n\n\n\n\n Preparing for further regulation and consolidation in several global markets and capitalizing on opportunities related to the emergence of Prediction Markets and Historical Racing operators, among others\n \n\n\n\n\n\n\n Bragg Gaming Group (\n \n NASDAQ: BRAG\n \n ,\n \n TSX: BRAG\n \n ) (“\n \n Bragg\n \n ” or the “\n \n Company\n \n ”), a leading iGaming content and technology provider, today announced a strategic restructuring, including staff reductions, designed to realign the organization and thereby improve its overall cost structure, drive its EBITDA growth, and shorten the time required for it to achieve sustained net profitability.\n \n\n Following the restructuring, Bragg will reduce approximately 12% of its global workforce. The Company expects to incur restructuring costs related to this action of approximately EUR 1.0 million associated with personnel-related termination costs in the first quarter of 2026, and it anticipates annualized cash savings from its staff reductions and other restructuring efforts to be approximately EUR 4.5 million.\n \n\n Bragg noted this amount does not include the expected positive impact of its\n \n recently announced\n \n initiative to utilize artificial intelligence (“AI”) to drive cost efficiencies and improve operational excellence. The core of Bragg's strategic overhaul centers on an ambitious AI transformation plan, targeting an AI-First company by 2027. The plan is underpinned by clear 2027 targets, including ensuring an AI-Enhanced Product becomes standard in over 90% of all launches and having more than three-quarters of Bragg's operational workflows impacted by AI.\n \n\n \"We believe that we are in the enviable position of having great technologies, assets, people, and future prospects,” said\n \n Matevz Mazij, Chief Executive Officer at Bragg.\n \n...