Bragg Announces CFO Kannor's Resignation Amidst Corporate Changes

Bragg has announced that their chief financial officer, Kannor, is resigning as part of the changes happening in the company.

Ronen Kannor is leaving his role as the chief financial officer (CFO) of Bragg Gaming Group on June 3. He has worked there since May 2020. Before that, Kannor was the CFO of Stride Gaming Group for over five years and the CEO of Inspired Real Estate for nearly six years. He now wants to look for new career paths.

Search for Kannor's Successor

Bragg is searching for a new chief financial officer to replace Kannor. Kannor said he is proud to have worked with Bragg and thanked the board. He promised to help the new CFO start their job. He also thanked his finance team for their hard work.

Business Accomplishments During Kannor's Leadership

During Kannor's tenure, Bragg saw substantial growth and transformation, including:

• Uplisting to the Toronto Stock Exchange
• Being dual listed on Nasdaq
• Completing two strategic acquisitions

Bragg's Mixed Financial Results

Bragg recently announced its yearly financial figures, revealing an increase in sales by nearly 10% despite a larger net loss. The company managed to raise its core earnings by over 25%, even as its costs went up. Bragg has also made deals to offer more products and entered new markets, including Mexico and Italy, while also expanding in the US, UK, Spain, and Switzerland.

Potential Sale on the Horizon

Alongside Kannor's departure announcement, Bragg is evaluating strategic alternatives, which might include selling the business. Options under consideration are:

• Mergers
• New financing
• Further acquisitions

Bragg has made changes to better suit their needs and has signed agreements for creating and sharing content.

Bragg has been active in signing new content deals with major operators such as Betsson, 888/William Hill, and PokerStars. These partnerships helped Bragg enter new markets, providing a strategic edge amid financial complexities highlighted in the recent fiscal year.

What lies ahead for Bragg and Kannor.

Bragg and its former CFO Kannor are both looking forward to new chances for success. The CEO of Bragg, Matevž Mazij, thanked Kannor for his hard work and wished him luck for the future. Bragg is still focused on growing and getting into new markets, while it might also make changes in the company structure to deal with problems in the industry.