RE:Nevada Sportsbooks Shatter State Record Super Bowl Handle Bragg Gaming is also in the final stages of acquiring Spin Games, which would provide the company with a strong distribution presence in the US thanks to Spin's existing relationships with the leading US iGaming operators. Spin Games not only launched one of the first certified RGS products in the US, it is licensed in New Jersey, Pennsylvania, Michigan, Connecticut, and British Columbia, Canada.
Bragg Gaming's new market strategy and the success of its ongoing iGaming content and platform expansion has led the company to increase its Q4 and full year 2021 revenue and adjusted EBITDA projections. The company expects to report FY 2021 revenue of approximately US$66.1 million and Adjusted EBITDA of approximately US$8 million, representing growth of 25% and 26%, respectively.
Bragg Gaming also increased its guidance for full year 2022 revenue to a range of US$78-82 million and expects to see its total addressable market (TAM) grow from approximately US$12.5 billion to more than US$18 billion by the end of 2022.