{"id":243,"date":"2024-06-27T12:17:33","date_gmt":"2024-06-27T09:17:33","guid":{"rendered":"https:\/\/sunriseslots100nodepositbonus.icu\/2024\/06\/27\/prague-gaming-group-expects-25-0-revenue-surge-in-2021\/"},"modified":"2024-06-27T12:17:33","modified_gmt":"2024-06-27T09:17:33","slug":"prague-gaming-group-expects-25-0-revenue-surge-in-2021","status":"publish","type":"post","link":"https:\/\/sunriseslots100nodepositbonus.icu\/2024\/06\/27\/prague-gaming-group-expects-25-0-revenue-surge-in-2021\/","title":{"rendered":"Prague Gaming Group Expects 25.0% Revenue Surge in 2021"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/l6IrvsCFL68\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>The Prague Gaming Group unveiled its comprehensive financial report for the entirety of 2021, anticipating a substantial revenue surge of 25.0%, prompting the organization to revise its financial projections for 2022 upward.<\/p>\n<p>The provider of online gambling and technology anticipates that revenue for the final quarter will reach \u20ac15.4 million, marking an 11.5% increase compared to Bragg&#8217;s performance in 2020.  Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) for the quarter are projected to reach \u20ac1.3 million, remaining consistent with the fourth quarter of 2020.<\/p>\n<p>The company&#8217;s forecast indicates that full-year 2021 revenue is projected to reach \u20ac58 million (\u00a348.8 million\/$66.1 million), with adjusted EBITDA anticipated to increase by 27.7% to \u20ac7 million.<\/p>\n<p>Consequently, Bragg has adjusted its full-year 2022 revenue target upward, ranging from \u20ac59 million to \u20ac61 million to \u20ac68 million to \u20ac72 million, suggesting a potential year-over-year increase of 24.1%.<\/p>\n<p>Adjusted EBITDA for 2022 has also been revised upward, ranging from \u20ac6 million to \u20ac7 million to \u20ac9.5 million to \u20ac10.5 million. This could result in an increase of up to 50.0%.<\/p>\n<p>Bragg attributes the expansion of its financial scope to the positive momentum of its ongoing operations. Since the commencement of 2021, Bragg&#8217;s Oryx Gaming subsidiary has successfully launched its services in several regulated markets, including the Netherlands, Switzerland, and Greece. <\/p>\n<p>Pragues Chief Strategy Officer, Yaniv Spielberg, stated that the firm anticipates sustained growth in 2022 and 2023.<\/p>\n<p>&#8220;Our ongoing iGaming content and platform development, coupled with new market endeavors, are propelling Prague&#8217;s continuous operational progress, leading to short-term and long-term financial expansion,&#8221; Spielberg remarked.<\/p>\n<p>&#8220;Consequently, Prague is strategically positioned to attain our enhanced 2022 financial projections and maintain accelerated growth in 2023.&#8221;<\/p>\n<p>Prague is finalizing a $30 million acquisition of Spin Games, which will further bolster its capacity for growth in a total addressable market (TAM) estimated to be valued at $9.5 billion, by expediting its expansion in the United States.<\/p>\n<p>&#8220;As we approach the completion of the Spin Games acquisition, Spin Games&#8217; existing connections with prominent US iGaming operators will significantly expedite our entry into that market, and ongoing progress in entering newly regulated global iGaming markets, we anticipate increasing our TAM size by approximately sixfold by the end of 2022, surpassing $18 billion compared to early 2021,&#8221; Spielberg added.<\/p>\n<p>Last week, Prague appointed Lara Falzon as President and Chief Operating Officer.<\/p>\n<p>Sign up for the iGaming newsletter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Prague Gaming Group unveiled its comprehensive financial report for the entirety of 2021, anticipating a substantial revenue surge of 25.0%, prompting the organization to revise its financial projections for 2022 upward. The provider of online gambling and technology anticipates that revenue for the final quarter will reach \u20ac15.4 million, marking an 11.5% increase compared [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bragg Gaming Group: 2021 Revenue Soars, 2022 Projections Up<\/title>\n<meta name=\"description\" content=\"Bragg Gaming Group reports a 25% revenue surge in 2021, exceeding expectations and driving upward revisions to 2022 financial projections.\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sunriseslots100nodepositbonus.icu\/2024\/06\/27\/prague-gaming-group-expects-25-0-revenue-surge-in-2021\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:type\" content=\"article\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:title\" content=\"Prague Gaming Group Expects 25.0% Revenue Surge in 2021\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:description\" content=\"Bragg Gaming Group reports a 25% revenue surge in 2021, exceeding expectations and driving upward revisions to 2022 financial projections.\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:url\" content=\"https:\/\/sunriseslots100nodepositbonus.icu\/2024\/06\/27\/prague-gaming-group-expects-25-0-revenue-surge-in-2021\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:site_name\" content=\"Your Premier Choice for Licensed Online Casino Games &amp; News\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-27T09:17:33+00:00\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"author\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" class=\"yoast-seo-meta-tag\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/sunriseslots100nodepositbonus.icu\/2024\/06\/27\/prague-gaming-group-expects-25-0-revenue-surge-in-2021\/\",\"url\":\"https:\/\/sunriseslots100nodepositbonus.icu\/2024\/06\/27\/prague-gaming-group-expects-25-0-revenue-surge-in-2021\/\",\"name\":\"Bragg Gaming Group: 2021 Revenue Soars, 2022 Projections Up\",\"isPartOf\":{\"@id\":\"https:\/\/sunriseslots100nodepositbonus.icu\/#website\"},\"datePublished\":\"2024-06-27T09:17:33+00:00\",\"dateModified\":\"2024-06-27T09:17:33+00:00\",\"author\":{\"@id\":\"https:\/\/sunriseslots100nodepositbonus.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\"},\"description\":\"Bragg Gaming Group reports a 25% revenue surge in 2021, exceeding expectations and driving upward revisions to 2022 financial projections.\",\"breadcrumb\":{\"@id\":\"https:\/\/sunriseslots100nodepositbonus.icu\/2024\/06\/27\/prague-gaming-group-expects-25-0-revenue-surge-in-2021\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/sunriseslots100nodepositbonus.icu\/2024\/06\/27\/prague-gaming-group-expects-25-0-revenue-surge-in-2021\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/sunriseslots100nodepositbonus.icu\/2024\/06\/27\/prague-gaming-group-expects-25-0-revenue-surge-in-2021\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/sunriseslots100nodepositbonus.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Prague Gaming Group Expects 25.0% Revenue Surge in 2021\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/sunriseslots100nodepositbonus.icu\/#website\",\"url\":\"https:\/\/sunriseslots100nodepositbonus.icu\/\",\"name\":\"Your Premier Choice for Licensed Online Casino Games &amp; News\",\"description\":\"Explore the dynamic world of online gambling through our fresh news, honest reviews, and informative insights. 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