Bragg Gaming Names Morten Tonnesen Interim CEO as Matevž Mazij Moves to Adviser Role

Bragg Gaming Group appointed Morten Tonnesen as Interim CEO effective 6 November 2026, with founder-CEO Matevž Mazij moving to a Strategic Advisor role, after a year of falling revenue, job cuts and a change of chair at the iGaming content and platform supplier.

The company announced the change on Friday 6 November through a Business Wire release. Tonnesen, who joined Bragg as chief operating officer in March 2026, reports to the board. Mazij leaves day-to-day management immediately.

What changed at the top of Bragg Gaming

Tonnesen takes over as Interim CEO with no permanent successor named in the release. Mazij becomes Strategic Advisor, a role Bragg describes as advisory with no day-to-day management responsibility. He has not left the company altogether.

Mazij founded Oryx Gaming, which Bragg acquired in 2018. Tonnesen brings more than 17 years in the industry. He co-founded BetWarrior, spent six years at PokerStars, was chief commercial officer at Shape Games, later sold to Kambi, and served as chief growth officer at Xtremepush.

Chair Matt Davey said the board is focused on "disciplined execution", balance-sheet strength, operating cash flow, and technology and content development. Tonnesen pointed to a licensed footprint across more than 30 regulated markets and said he wants a "simpler and more focused business".

Q2 2026 results behind the handover

Bragg's most recent reported quarter showed lower revenue, a wider net loss and steady adjusted earnings. The figures below are from the Q2 2026 release of 13 August 2026.

Revenue fell 12%. Netherlands revenue dropped 14%, while proprietary content revenue in Canada and the US grew 44%. Brazil was flat. Bragg took an equity stake in a Brazilian studio in 2025, covered in Bragg's RapidPlay investment for Brazil. It also went live in Alberta on 13 July 2026. The North American build-out traces back to deals such as the Golden Nugget partnership.

In that release Mazij described a "games-first strategy on a lower cost base", the language the board now frames as disciplined execution.

Cost cuts, Drayton and the board

On 9 July 2026 Bragg announced a further workforce reduction of about 19%. It expects EUR 6.0m of additional annual savings, which brings total expected savings to about EUR 10.5m when combined with the January 2026 restructuring.

The Drayton International acquisition closed on 22 July 2026 for USD 9.0m, paid entirely in shares. Davey became Non-Executive Chairman on closing. He holds about 10% of Bragg. He succeeded Holly Gagnon in the chair role, whose appointment Gamingo covered in Bragg Gaming Names Holly Gagnon Board Chair.

The Bragg move follows a run of executive changes across the sector. Gamingo reported on Dan Flynn's appointment as Scientific Games CEO earlier this week.

What to watch

Bragg has not named a permanent CEO. With cost savings targeted, the Netherlands declining and North American proprietary content growing, the interim period is the board's chance to show whether the simpler, more focused structure Tonnesen describes can lift revenue as well as margins. Suppliers, operators and investors will look to the next results release for evidence of that.

Status reviewed on 9 November 2026. Leadership details come from Bragg's 6 November 2026 release, and the financial figures from its Q2 2026 results release of 13 August 2026. More business news and EMEA coverage.