TORONTO – Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG), a global B2B iGaming content and technology provider, has secured a new $6 million credit facility with Bank of Montreal (BMO) while providing positive updates on its recently resolved cybersecurity incident.
The new BMO credit facilities replace Bragg’s previous debt arrangements, with the company successfully repaying its outstanding promissory note with entities controlled by Doug Fallon. The financing agreement represents a strategic shift toward traditional banking partnerships to support the company’s working capital and corporate requirements.
Significant Cost Reduction Achieved
Management projects the BMO facilities will reduce Bragg’s annual borrowing costs by more than 50% compared to its previous debt structure. The improved terms align with the company’s broader financial strategy focused on margin improvement and cash generation.
“Securing this BMO facility represents a critical milestone in our strategic plan to strengthen Bragg’s financial foundation and create value for our shareholders,” said Matevž Mazij, CEO of Bragg Gaming Group. “With our cybersecurity incident contained and our borrowing costs cut by more than half, we are focused on executing our strategic shift toward higher-quality earnings.”
Cybersecurity Incident Successfully Contained
Bragg has confirmed the complete resolution of a cybersecurity incident initially detected on August 16, 2025. Working with independent cybersecurity experts, the company implemented industry best practices to address the breach, which was limited to internal computer systems.
The investigation found no indication that personal information was compromised, and the incident had zero impact on business operations. Game titles and customer data remained secure throughout the incident, with no negative effects on revenue or profitability.
The company expects minimal financial impact from incident response costs and has provided security assurances to all customers regarding the safety of its game portfolio.
Strategic Focus on Operational Efficiency
Bragg continues implementing cost reduction measures as part of its operational restructuring. The company has already achieved €2 million in annualized synergies through post-quarter operational improvements and remains on track to reach its 20% Adjusted EBITDA margin target for the second half of 2025.
The strategic emphasis on margin and cash generation over lower-margin revenue reflects Bragg’s commitment to building a more efficient, profitable operation while maintaining its position in regulated iGaming markets across more than 30 jurisdictions globally.
Bragg’s technology platform serves operators through its remote games server (RGS) technology, distributed via the Bragg HUB content delivery platform. The company’s portfolio includes content from in-house studios Wild Streak Gaming, Atomic Slot Lab, and Indigo Magic, supported by its player account management (PAM) platform and Fuze™ player engagement tools.
About Bragg Gaming Group
Bragg Gaming Group is a leading global B2B iGaming content and technology provider serving online and land-based gaming operators. The company offers complete gaming solutions through its content portfolio, technology platforms, and operational services across regulated markets worldwide.
