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Bragg Gaming Group Inc ( (TSE:BRAG) ) has issued an announcement.
Bragg Gaming Group has launched its exclusive online casino content with Caesars Entertainment in West Virginia, marking its expansion into a sixth U.S. state. This move is part of Bragg’s North American growth strategy, aiming to capitalize on the rapidly growing U.S. online casino market. The company’s content has seen significant growth, outpacing the market, and is expected to enhance Caesars’ iGaming offerings, providing an elevated experience for players.
The most recent analyst rating on (TSE:BRAG) stock is a Buy with a C$4.00 price target. To see the full list of analyst forecasts on Bragg Gaming Group Inc stock, see the TSE:BRAG Stock Forecast page.
Spark’s Take on TSE:BRAG Stock
According to Spark, TipRanks’ AI Analyst, TSE:BRAG is a Neutral.
Bragg Gaming Group Inc’s overall stock score is primarily influenced by its financial performance and technical analysis. The company faces significant challenges with profitability and cash flow, which are reflected in its negative P/E ratio and bearish technical indicators. However, the earnings call provided some optimism with strategic growth initiatives and partnerships, particularly in the U.S. market. Despite these positive aspects, the stock remains under pressure due to its financial and technical weaknesses.
To see Spark’s full report on TSE:BRAG stock, click here.
More about Bragg Gaming Group Inc
Bragg Gaming Group Inc is a company operating in the iGaming industry, focusing on providing proprietary online casino content. The company is expanding its footprint in the U.S. market with a strategy centered on content-led growth, leveraging its in-house studios and partnerships to deliver unique and localized gaming experiences.
Average Trading Volume: 21,382
Technical Sentiment Signal: Sell
Current Market Cap: C$113M
See more insights into BRAG stock on TipRanks’ Stock Analysis page.