Bragg Gaming Group Inc. BRAG has made a significant move by entering into an agreement with Kings Entertainment A.S. (Kings), a major player in the Czech land-based casino scene. This partnership paves the way for the launch of the Kingsbet online platform in the Czech Republic, showcasing Bragg’s prowess in the iGaming industry.
As part of the deal, Bragg will equip Kings with its innovative Player Account Management (PAM) technology, exclusive content from Bragg studios, a range of online casino content through the Bragg HUB, and seamless sportsbook integration via its collaboration with Altenar. This comprehensive solution not only enhances Kingsbet’s operations but also propels Bragg’s foothold in the region.
Furthermore, Bragg will provide managed marketing and operational services to support Kingsbet in its online journey. By extending its technology solutions to operators in various iGaming markets, Bragg solidifies its position as an industry leader in delivering cutting-edge solutions.
This strategic partnership with Kings Entertainment, a respected European brand known for its entertainment, casino, and poker offerings, underscores Bragg’s commitment to facilitating the transition of leading Czech operators into the online realm with its turnkey solution.
Kingsbet’s upcoming launch of a Live casino product by the end of this year signifies Bragg’s dedication to empowering Kings’ entry into the Czech market with a robust product lineup and advanced tools.
Kings, holding a significant 40% share of the Czech land-based casino market, envisions expanding into online gambling with the support of Bragg’s technology and expertise. Notably, the projections from H2 Gambling Capital forecast the Czech online casino market hitting approximately US $1 billion in gross wins by 2024, indicating a substantial 30% year-over-year growth.
Enhanced Performance and Growth
Over the past year, Bragg’s stock has surged by an impressive 69.4%, outperforming the Gaming industry’s 6.5% rise. This remarkable growth trajectory can be attributed to the company’s strong PAM and Turnkey solution offerings, coupled with its strategic partnerships and the introduction of new online casino games.
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During the first quarter of 2024, Bragg unveiled 19 new exclusive online casino games, including a considerable seven developed by Bragg’s studios. This expansion reflects a significant increase from the 11 exclusive games introduced in the same period the previous year.
Promising Stock Options
For investors seeking better-ranked stocks in the Consumer Discretionary sector, several options stand out.
Strategic Education, Inc. STRA currently boasts a Zacks Rank #1 (Strong Buy) with a robust trailing four-quarter earnings surprise of 36.2% on average. The stock has seen a solid 44.3% increase in the past year, with positive sales and EPS estimates for 2024.
Netflix, Inc. NFLX holds a Zacks Rank of 1, supported by a trailing four-quarter earnings surprise of 9.3% on average and a notable 55% rise in its stock value over the past year. The company’s projected sales and EPS growth for 2024 signify promising prospects.
Royal Caribbean Cruises Ltd. RCL, with a Zacks Rank of 1 and an 18.3% average earnings surprise over the last four quarters, offers investors a stellar 55.8% surge in stock value in the past year. The company’s estimated sales and EPS growth for 2024 point towards a positive trajectory.
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