Bragg Gaming Group Changes Composition of Board Audit Committee
TORONTO, May 05, 2022–(BUSINESS WIRE)–Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG) (“Bragg” or the “Company”), a global B2B gaming content and technology provider, today announced that Alex Spiro has been appointed to the Audit Committee of the Board of Directors and that Rob Godfrey had resigned from the audit committee. Both changes occurred on May 1, 2022. Reflecting these changes, the Company’s Audit Committee is comprised of Paul Pathak (Chair), Holly Gagnon and Alex Spiro. Each of these three audit committee members meets the director independence criteria set forth in Rule 10A-3(b)(1) of the Securities Exchange Act of 1934.
On May 4, 2022, Bragg received a notice from the Nasdaq Stock Exchange (“Nasdaq”) advising it that prior to the aforementioned changes in the composition of the audit committee, the company was not in compliance with the rule of Nasdaq listing 5810(b) which requires that there be three independent directors serving on the audit committee. The non-compliance was the result of the appointment of Paul Godfrey as interim CEO on November 15, 2021, which resulted in Rob Godfrey no longer being independent due to a family relationship. With the aforementioned changes in the composition of the Board of Directors, Bragg is now in compliance with Nasdaq listing rule 5810(b).
About Bragg Gaming Group
Bragg Playgroup (NASDAQ: BRAG, TSX: BRAG) is a growing global gaming technology and content group and owner of leading B2B companies in the iGaming industry. Since its inception in 2018, Bragg has grown to include operations across Europe, North America and Latin America and is growing to become an international force in the global online gaming market.
Through its wholly owned subsidiary ORYX Gaming, Bragg provides proprietary, exclusive and aggregated casino content through its in-house Remote Gaming Server (RGS) and distribution platform ORYX Hub. ORYX offers a complete turnkey iGaming solution, including its Player Account Management (PAM) platform, as well as managed operational and marketing services.
Based in Nevada, Wild Streak Gaming is Bragg’s 100% owned premium American gaming content studio. Wild Streak has a popular portfolio of casino games that are offered by land-based, online and social casino operators in global markets including the US and UK.
In May 2021, Bragg announced plans to acquire Nevada-based Spin Games, a B2B gaming technology and content provider currently serving the US market. Spin holds licenses in major US states regulated by iGaming and provides Tier 1 operators in the region.
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Joseph Jaffoni, Richard Land, James Leahy
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