Bragg Gaming Group, a prominent player in the iGaming industry, has undergone a significant leadership transition. The company’s board of directors has announced the immediate appointment of Matevž Mazij as Chief Executive Officer (CEO). Mazij, the chairman and largest shareholder of Bragg, is a familiar face in the industry, being the founder of Oryx Gaming—the original PAM, aggregation, and RGS gaming technology platforms that Bragg acquired in 2018. This leadership change comes in the wake of Yaniv Sherman’s decision to step down. The announcement underscores Bragg’s commitment to leveraging Mazij’s industry expertise to drive continued growth and strategic initiatives.
Background and Significance of Mazij’s Appointment:
Matevž Mazij’s connection with Bragg Gaming Group runs deep, given his pivotal role in founding Oryx Gaming. As the largest shareholder and chairman, his appointment as CEO marks a seamless transition into an operational role. This move is not only a testament to Mazij’s familiarity with Bragg’s operations but also reflects the board’s confidence in his ability to lead the company effectively. Mazij’s experience and knowledge position him favorably to navigate Bragg through opportunities for expansion across North America, Europe, and the evolving global landscape of regulated iGaming markets.
Acknowledgment of Sherman’s Contribution:
Yaniv Sherman, the outgoing CEO, receives recognition from Holly Gagnon, lead independent director of the board, for his leadership, commitment, and contributions to Bragg Gaming. The board expresses gratitude for Sherman’s role and emphasizes its focus on supporting the senior management team in executing initiatives that drive profitable growth and sustainable shareholder value. The transition aims to build on the foundation laid by Sherman and continue the trajectory of success.
Mazij’s Vision for Bragg Gaming’s Future:
In his statement, Mazij expresses excitement about returning to an operational role after serving on the board for several years. He outlines his vision to lead the company towards sustained top-line and cash flow growth. With a keen eye on opportunities, Mazij envisions further scaling Bragg’s operations globally, emphasizing the potential for growth in North America, Europe, and other emerging iGaming markets. Mazij’s strategic focus extends to collaborating with the senior management team to amplify the execution of growth strategies established through recent acquisitions.
Strategic Initiatives and Recent Acquisitions:
Bragg Gaming’s growth trajectory is underscored by its strategic initiatives, including the acquisitions of Wild Streak Gaming and Spin Games in 2021 and 2022, respectively. These acquisitions form a crucial part of the company’s expansion strategy. With Mazij at the helm, Bragg aims to build on these foundations, ensuring successful execution and value creation for customers and partners.
Continuity Amidst Leadership Changes:
The leadership transition at Bragg Gaming Group reflects a commitment to continuity and an assurance of continued dedication to the pursuit of excellence in the iGaming sector. The board’s confidence in Mazij’s ability to lead, coupled with a seasoned senior leadership team, positions Bragg for a seamless transition and continued success in the dynamic landscape of online gaming.
As Matevž Mazij assumes the role of CEO, Bragg Gaming Group enters a new phase under his leadership. The company’s focus on sustained growth, global expansion, and strategic execution remains unwavering. The departure of Yaniv Sherman marks a transition rather than an endpoint, with the board and Mazij poised to steer Bragg towards new horizons in the competitive realm of iGaming. The industry watches with anticipation as Bragg, with its renewed leadership, continues its journey of innovation and success.