Bragg Gaming has shared its Q1 2026 earnings, reporting €25.7 million in quarterly revenue, representing a slight 0.6% improvement compared to 2025’s €25.5 million.
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Bragg Gaming CEO Matevž Mazij resigns from board
The Chief Executive Officer (CEO) of Bragg Gaming Group, Matevž Mazij, has stepped down from the company’s board after shareholders voted 55.67% against 44.33% to reject his reelection.
After the vote, Mazij offered his resignation; however, he will still serve in the position until the offer is accepted, a new appointee is named, or a 90-day period passes, making September 16 his last day. He still remains group CEO.
Mazij first stepped into the CEO role in August 2023, but he was responsible for founding one of Bragg’s precursor companies before becoming its head, and he also held the position of chair of the board in the past.
According to a U.S. Securities and Exchange Commission (SEC) filing, Mazij’s consulting agreement with the iGaming developer was set to pay him $528,650 and a 150% performance-based award. At the same time, the filing stated that a termination without cause would require Bragg to pay Mazij an additional salary covering 1 year’s costs.
It’s believed that the shareholders’ negative decision came as a result of the company’s decrease in share price, which has currently dropped by 60% over the last year. Additionally, investors have been dissatisfied with Mazij’s decision to cut his stake in the company from 17.7% to 13.55% for $1.5 million, while Bragg has also been cutting costs since January 2026 with a 12% reduction of its workforce.
Bragg Gaming Group has announced two major strategic leadership changes: Morten Tonnesen has been appointed as Chief Operating Officer, and Garrick Morris has been promoted...
