Gaming veterans Jim
Ryan and Akshay Kumar and
securities lawyer Paul Pathak join
the Bragg team
TORONTO and LONDON, March 14,
2019 /CNW/ - Bragg Gaming Group (Bragg) (TSXV:
BRAG) announced the appointment today of gaming industry veterans
Jim Ryan and securities lawyer
Paul Pathak to its board of
directors, along with Bragg CFO Akshay
Kumar.
"We're happy that Jim, Paul and Akshay have agreed to join the
board," said Dominic Mansour, CEO of
Bragg. "We're very focused on our objective of developing into a
global gaming force, and we need a board with the skills to support
that growth. Jim and Akshay both bring extensive gaming industry
experience to the team, and Paul's expertise in M&A will be
instrumental to our growth plan.
Jim Ryan is an experienced online
gaming executive, and CEO of Pala Interactive LLC. He has also held
leadership roles at a number of other established online gaming
companies, such as bwin.party digital entertainment (Co-CEO),
PartyGaming, St. Minver and Excapsa Software (CEO), and Cryptologic
Software (CFO). Mr. Ryan also currently holds board roles at JPJ
Group PLC (LSE), Gaming Realms PLC, Pala Interactive LLC and Fralis
LLC, and has served on the boards of several other public and
private companies.
"I'm pleased to join Bragg in this exciting growth phase," said
Mr. Ryan. "With an experienced gaming industry leader like Dominic
at the helm of a new management team, and the unlimited potential
of their three main properties; Oryx Gaming, GiveMeSport and
GiveMeBet, I'm confident that Bragg will continue its upward
trajectory."
Paul Pathak is an established
securities and investment industry lawyer, and partner at Chitiz
Pathak LLP, practising primarily in the areas of corporate,
securities, mergers, acquisitions and commercial law. Mr. Pathak
acts for issuers in a broad range of securities transactions,
including Initial Public Offerings (IPOs), reverse takeovers
(RTOs), establishment of capital pool companies, going-private
transactions and other financing structures. Mr. Pathak currently
serves as a director of JPJ Group PLC (LSE), the Intertain Group
Limited (TSX) and Wayland Group Corp. (CSE), and has served on the
boards on several other public and private companies.
"Bragg's current momentum is particularly exciting," noted Mr.
Pathak. "They've implemented a major shift in strategic direction
over the past months and are already seeing positive year-over-year
growth on a number of key measures, including yield, global organic
traffic and paid traffic. The Oryx acquisition has been very
successful, with multiple new clients signing and going live since
the announcement."
Akshay Kumar was appointed CFO of
Bragg Gaming in December 2018, and
previously held financial leadership roles at other gaming
operations. In his capacity as CFO of NetPlay TV PLC, Mr. Kumar was
instrumental in the initial corporate restructuring of the
operations and all corporate acquisitions, culminating in steering
the 2017 sale of the LSE-listed gaming business to Betsson
AB. Prior to this, Mr. Kumar also acted as Financial
Controller at sports spread betting specialist Sporting Index.
These appointments constitute a major restructure of Bragg's
board, following the recent resignations of board members
Marvin Igelman and Mike Galloro and the previously announced
departures of Nick Thain and
Jae Chalfin. Bragg would like to
thank Mr. Galloro and Mr. Igelman for their services and for
enabling a smooth transition of the board, as a result of their
planned resignations.
About Bragg Gaming
Bragg Gaming Group is a next generation gaming group, formed by
a group of gaming industry veterans. Built on the foundation of the
recently acquired Oryx, a turn-key gaming solution provider in
a significant growth stage, Bragg focuses on the newly
emerging area of legalized U.S. sports betting and the burgeoning
e-sports industry, paving the way to become a global leader in
the new gaming frontier. Please visit us at www.bragg.games.
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SOURCE Bragg Gaming Group