BRAG Bragg Gaming Group Inc

B2B gaming technology provider Bragg Gaming Group (TSX:BRAG, OTC: BRGGF) ("Bragg" or the "Company") announced today that gaming industry veteran Lara Falzon has been elected to the Board of Bragg Gaming, effective March 1, 2021.

Ms. Falzon brings significant financial expertise in the gaming sector to Bragg, as well as experience in listing on the NASDAQ, a 2021 goal for Bragg. As CFO of casino software provider Red Tiger Gaming, Ms. Falzon navigated the 2019 sale of Red Tiger to NetEnt AB for over US$315 million. NetEnt’s most recently reported earnings increased by 58 per cent year-over-year, with US market revenues jumping 313 per cent. She also played an instrumental role in the September 2020 sale of NetEnt for $2.1 billion to the world’s leading live casino company Evolution Gaming (now Evolution). Evolution most recently reported a 48 per cent jump in revenues over the first nine months of the year to US $462 million.

“We’re very pleased to have Lara join our championship team - she brings tremendous industry experience,” said Adam Arviv, CEO of Bragg Gaming. “Her financial experience in the gaming sector is unmatched in the industry and will be very valuable as we continue our global growth strategy.”

Ms. Falzon currently holds the role of Operational CFO of NetEnt and CFO at Red Tiger Gaming. She previously held the roles of Group CFO at Evoke Gaming Ltd. and Group Financial Controller at King. Ms. Falzon is a member of the Association of Chartered Accountants and holds a Bachelor of Commerce from the University of Malta.

“I’m thrilled to join the team at such an exciting time in Bragg’s evolution,” said Ms. Falzon. “Bragg continues to outperform on their expansion goals and I’m happy to contribute my expertise to the mission.”

About Bragg Gaming GroupBragg Gaming Group (TSX:BRAG, OTC: BRGGF) is a global B2B gaming technology platform provider. With operations across Europe and North America, Bragg is expanding into an international force within the burgeoning global online gaming market. Bragg’s main brand is ORYX Gaming, an innovative business-to-business iGaming platform, casino content aggregator, managed sportsbook and managed services provider, offering cutting-edge content from leading studios.

For Bragg Gaming Group, contact:Yaniv Spielberg, CSO, Bragg Gaming Groupinfo@bragg.games

For media enquiries or interviews, please contact:Kelly Morgankelly.morgan@kaiserpartners.com

For investor inquiries, please contact:Tim Dawson, Bragg Gaming Grouptim@bragg.games

Cautionary Statement Regarding Forward-Looking Information

This news release may contain forward-looking statements or "forward-looking information" within the meaning of applicable Canadian securities laws ("forward-looking statements"). Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.

All forward-looking statements reflect the Company's beliefs and assumptions based on information available at the time the statements were made. Actual results or events may differ from those predicted in these forward-looking statements. All of the Company's forward-looking statements are qualified by the assumptions that are stated or inherent in such forward-looking statements, including the assumptions listed below. Although the Company believes that these assumptions are reasonable, this list is not exhaustive of factors that may affect any of the forward-looking statements. The key assumptions that have been made in connection with the forward-looking statements include the following: the impact of COVID-19 on the business of Bragg; the countercyclical growth of the business of Bragg; the regulatory regime governing the business of Bragg; the operations of the Company; the products and services of the Company; Bragg's customers; acquisition opportunities; the growth of Bragg's business, which may not be achieved or realized within the time frames stated or at all; and the anticipated size and/or revenue associated with the gaming market globally.

Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the following: risks associated with general economic conditions; adverse industry events; future legislative and regulatory developments; the inability to access sufficient capital from internal and external sources; the inability to access sufficient capital on favorable terms; realization of growth estimates, income tax and regulatory matters; the ability of Bragg to implement its business strategies; competition; economic and financial conditions, including volatility in interest and exchange rates, commodity and equity prices; the estimated size of the gaming market globally; changes in customer demand; disruptions to our technology network including computer systems and software; natural events such as severe weather, fires, floods and earthquakes; and risks related to health pandemics and the outbreak of communicable diseases, such as the current outbreak of COVID-19.

Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events, or otherwise, except in accordance with applicable securities laws.

Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this news release.