TORONTO--(BUSINESS WIRE)-- Bragg Gaming Group Inc. (NASDAQ: BRAG, TSX: BRAG) (“bragg” or the “Company”), a leading iGaming content and platform technology solutions provider, today announced that Morten Tonnesen has been appointed Interim Chief Executive Officer, effective today, November 6, 2026. Matevž Mazij will transition from Chief Executive Officer to the role of Strategic Advisor with immediate effect.
Mr. Tonnesen has served as Chief Operating Officer since joining bragg in March 2026 and will assume responsibility for the Company’s day-to-day operations, reporting to the Company’s board of directors (the “Board”). He brings more than 17 years of leadership experience across B2C and B2B iGaming, sports betting and technology, with a track record of operating at scale, founding, building and exiting businesses, and developing strong teams that deliver. In B2C, he co-founded and successfully exited sports betting operator BetWarrior and spent six years at PokerStars. In B2B, he served as Chief Commercial Officer at Shape Games, subsequently sold to Kambi, and as Chief Growth Officer at Xtremepush.
As Strategic Advisor, Mr. Mazij will provide guidance to the Board on strategic matters and will support continuity with the Company’s key stakeholders through the transition. The role is advisory and carries no day to day management responsibility. Mr. Mazij founded Oryx Gaming, which the Company acquired in 2018, and has served as the Company’s Chief Executive Officer since August 2023. Mr. Mazij previously served on the Board from February 2021 to July 2026.
"On behalf of the Board, I want to thank Matevž for his service as Chief Executive Officer and for everything he has built at bragg. He founded Oryx, successfully merged it into the Company, and has led bragg through a demanding period in the industry. We are pleased that he will continue to contribute his knowledge of the business in his new role," said Matt Davey, Chair of the Board at bragg.
"The board’s focus for the next phase is on disciplined execution, improving balance sheet strength, operating cash flow, and development and deployment of market leading technology, content and services. Morten has the operational experience to deliver against those tests, and the Board has full confidence in him."
Morten Tonnesen, Interim Chief Executive Officer at bragg, added: "The quality of what is already here is what makes this a fantastic opportunity. Strong technology, growing proprietary content, and a licensed footprint across more than 30 regulated markets. My focus is execution, delivering for our operator partners and running a simpler and more focused business. I want to thank Matevž for his support through this transition and for what he has built."
About Bragg Gaming Group
Bragg Gaming Group, “bragg” (NASDAQ: BRAG, TSX: BRAG) crafts igaming environments that elevate player experiences. By combining battle-tested regulatory expertise with smart technology and captivating games and gaming worlds, bragg delivers a proven revenue engine for operators and an unforgettable experience for players.
The bragg product suite includes:
casino games: Featuring bragg studios game experiences, as well as aggregated and bespoke IP crafted for bragg by partner studios
fuze™: Real-time behavioural intelligence that maps player journeys to reduce churn and maximize lifetime value.
bragg hub: A single integration aggregating the industry's best games from bragg’s premium in-house studios and third-party games houses
bragg PAM: A proven, scalable platform that simplifies operations across markets.
Licensed and operational in 30+ regulated markets globally, including the U.S., Canada, LatAm, and Europe, bragg is engineered for igaming players and built for operator growth.
Cautionary Statement Regarding Forward-Looking Information
This news release contains “forward-looking statements” or “forward-looking information” within the meaning of applicable Canadian securities laws (together, “forward-looking statements”), including statements with respect to the leadership changes described in this news release; the expected roles and contributions of directors, officers and advisors; and the Company’s priorities, strategic plans and intentions. Forward-looking statements are based on the opinions, estimates and assumptions of management as of the date of this news release, including assumptions regarding the Company’s ability to retain key personnel and execute its business strategy, and involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated, including risks related to leadership transitions and the retention of key personnel, the Company’s ability to execute its strategy, and the other risk factors described in the Company’s annual information form and management’s discussion and analysis, available under the Company’s profile on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov. Readers are cautioned not to place undue reliance on forward-looking statements. The forward-looking statements contained in this news release are made as of the date hereof and the Company disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.
