Ronen Kannor, the Chief Financial Officer of Bragg Gaming, will be resigning from his role.
Despite a prosperous financial year in 2023, Bragg Gaming will shortly commence the search for a new CFO as Ronen Kannor departs to explore other prospects. Kannor’s official departure date is set for June 3, 2024, providing the organization with sufficient opportunity to secure a successor.
Matevž Mazij, Chief Executive Officer and Chairman of Bragg’s Board, conveyed his appreciation for Kannor’s contributions. Throughout his time with the company, Kannor oversaw Bragg’s inclusion on both the Toronto and Nasdaq stock markets, managed numerous acquisitions, and consistently propelled revenue and profit expansion.
Kannor also shared his gratitude for his experience at Bragg, emphasizing the company’s adaptability and progress over the preceding four years. He is dedicated to facilitating a seamless handover and expressed well wishes for his colleagues’ continued achievements.
Prague Entertainment just released significant updates after their Q4 and year-end financial reports for 2023. Although the firm experienced a minor decrease in Q4 earnings and income due to revised agreements with a crucial strategic collaborator, their annual results were remarkably positive.
Throughout the year, Prague Entertainment achieved a 10.4% surge in income, reaching €93.5 million (equivalent to $101.3 million USD), while their gross earnings climbed to €49.9 million. Furthermore, they witnessed a substantial 26.3% rise in adjusted EBITDA, attaining €15.2 million for the 2023 fiscal year.
In even more groundbreaking developments, Prague Entertainment also disclosed the establishment of a specialized group, led by autonomous board representative Don Robinson, to investigate strategic options for the company. This could encompass possibilities ranging from a potential company sale to pursuing additional mergers.
Further amplifying their recent triumphs, Prague Entertainment was also recently awarded a B2B permit from the Peruvian Ministry of Foreign Trade and Tourism. This is a major accomplishment as it enables them to provide their internet-based casino games within the flourishing Latin American market.
With access exceeding 9,000 games via their Bragg Hub aggregation system, Prague Entertainment is strategically positioned to assist operators in Peru in delivering a competitive online gaming product.