Bragg Gaming Group Inc. (NASDAQ: BRAG) (TSX: BRAG) announced a further restructuring on July 9, 2026, including a reduction of approximately 19% of its global workforce. The company expects annualized cash savings of about €6 million from these measures, once fully implemented.
Incremental Savings Build on January Restructuring
The new savings are incremental to the approximately €4.5 million in annualized cash savings anticipated from the strategic restructuring announced on January 8, 2026. Combined, the two initiatives are expected to deliver around €10.5 million in annualized cash savings.
The company anticipates incurring personnel-related termination costs of approximately €0.6 million in the second half of 2026, which are incremental to the costs of the prior restructuring.
CEO Emphasizes Focus and Discipline
“We believe that the steps we took at the start of the year were the right ones for the business, and today we are going further,” said Matevž Mazij, Chief Executive Officer at Bragg. “These measures are designed to deliver focus, discipline, execution and cash generation. By combining a more focused organization with the acceleration of our AI-First transformation, we are structurally improving our costs while continuing to protect the technology, content and people that drive our competitive advantage.”
Mazij added: “The measures announced today build directly on the restructuring we announced in January and move us decisively toward sustained cash generation — leaving Bragg leaner, sharper and well positioned for growth and the market consolidation opportunities we see ahead as the industry further regulates. I want to sincerely thank the colleagues who are leaving Bragg for their dedication and contribution.”
Strategic Positioning for Growth
Together, these steps position Bragg as a leaner, more focused organization concentrated on its core technology, content, and platform products. The company aims to be better structured to capitalize on growth opportunities as the global iGaming industry continues to regulate and mature.
Bragg Gaming Group is a leading iGaming content and technology provider, serving operators worldwide with its suite of proprietary and third-party games, player engagement tools, and platform solutions.
