Bragg Gaming Names Holly Gagnon Board Chair

Bragg Gaming Group has made a decisive leadership move, appointing longtime casino executive Holly Gagnon as the new chair of its board of directors. This appointment comes as the company accelerates its push for global expansion and robust financial performance.

Gagnon, a respected figure with over 30 years in the gaming sector, has already served as Bragg’s lead director for the past four years. She now steps into the chair role, succeeding Matevž Mazij, who will continue to serve as CEO and retain his board seat.

Her impressive resume spans executive leadership roles at major gaming giants, including Caesars Entertainment, MGM Resorts International, Harrah’s Entertainment, Pearl River Resort, and Seneca Gaming Corporation. Currently, she leads HGC Hospitality Gaming Consulting, advising operators and industry groups alike.

Gagnon expressed excitement about her expanded role, stating:

“I look forward to working closely with the board and management to build on this strong momentum, capitalise on the many growth opportunities ahead, and maintain our commitment to strong corporate governance.”

This leadership transition arrives during a period of record-breaking financial results for Bragg Gaming. In the fourth quarter of 2024, the company posted a 16.3% year-over-year revenue increase and an impressive 68% surge in adjusted EBITDA. For the full year, Bragg recorded steady gains, including a 9.1% rise in revenue and an 8.2% increase in gross profit.

Notably, Bragg recently reduced its debt burden by repaying $5 million of its outstanding secured promissory note and securing an extension on the remaining $2 million. This positions the company for healthier financial maneuvering heading into 2025.

Looking forward, Bragg projects that Brazil and North America will represent up to 25% of its total revenue by the end of 2025. Financial guidance for the year forecasts revenue reaching €120.3 million, marking a 17.9% increase, with adjusted EBITDA expected to climb by 28.2%.

With Gagnon’s appointment, Bragg signals a sharpened focus on strengthening governance, advancing operational excellence, and navigating growth in emerging and established markets. Investors, partners, and stakeholders should monitor Bragg’s next strategic moves as it leverages Gagnon’s expertise to solidify its global leadership in iGaming.

Bragg Gaming Appoints Casino Veteran Holly Gagnon as Board Chair to Steer Global Growth

Key Points

• Leadership Shift: Holly Gagnon is appointed Bragg Gaming’s board chair, bringing decades of top-tier gaming experience.
• Strong Financials: Bragg reports record Q4 2024 results, including a 68% surge in adjusted EBITDA.
• Global Growth Focus: The company expects Brazil and North America to deliver up to 25% of 2025 revenue.

A Closer Look at Bragg Gaming’s Strategic Growth Path

Bragg Gaming’s appointment of Holly Gagnon as board chair is more than a leadership shuffle; it’s a calculated move to align the company’s governance with its ambitious international growth strategy.

Gagnon, a certified public accountant with an MBA and a notable teaching role at the University of Massachusetts Amherst, brings both deep operational insight and governance expertise. She co-founded Global Gaming Women, demonstrating a commitment to diversity and leadership development in the industry.

Bragg’s momentum is undeniable. After considering a possible sale less than six months ago, the company has shifted gears following robust Q4 2024 results. Gross profit climbed nearly 31%, and adjusted EBITDA leapt by 68%, reflecting both top-line growth and improved operational efficiency.

Bragg’s financial guidance for 2025 underscores its bullish outlook, with projected revenue reaching €120.3 million and adjusted EBITDA growing to €20.3 million. Importantly, adjusted EBITDA margin is expected to improve by 140 basis points, demonstrating a focus on profitability alongside revenue expansion.

Gagnon’s appointment comes at a time when Bragg is targeting key regions, particularly Brazil and North America, which are expected to account for a combined 25% of revenue by year-end 2025. With emerging markets opening up and regulatory frameworks evolving, Bragg’s leadership team is poised to capitalize on these high-growth opportunities.

Holly Gagnon’s elevation to Bragg Gaming’s board chair marks a defining moment as the company navigates record financial growth and expanding global ambitions. With her seasoned leadership, Bragg is well-positioned to strengthen its governance, sharpen its market strategies, and deliver value across the iGaming sector. As 2025 unfolds, all eyes will be on how Bragg leverages its momentum to secure a leading role in the future of digital gaming.