Bragg Gaming Stock Jumps 13% on Strong Insider Buying and 2025 Growth Outlook

Bragg Gaming Stock Jumps 13% on Strong Insider Buying and 2025 Growth Outlook

By Marcus Bennett

December 10, 2024 at 07:58 PM

Bragg Gaming shares jumped 13.64% on heavy trading volume after the company announced significant insider stock purchases and projected strong growth for 2025.

CEO Matevž Mazij emphasized that management's stock acquisitions demonstrate confidence in the company's undervalued shares while pursuing enhanced liquidity strategies.

Desktop screen showing casino games

Desktop screen showing casino games

The Toronto-based gaming technology provider expects:

  • Double-digit revenue growth in 2025
  • Expanding profit margins
  • Improved operational leverage
  • Formal guidance to be released early next year

Bragg Gaming, which provides iGaming and sportsbook technology through its ORYX Gaming brand, completed a strategic review in 2024 that yielded key insights for future growth. While the company opted against a sale, the process identified crucial focus areas:

  • Stronger cash generation
  • Increased revenue diversification
  • Accelerated proprietary content growth
  • Enhanced margins

The company believes these targets are achievable under their 2025 strategic plan. The positive insider trading activity suggests management's confidence in the company's direction, as executives typically only purchase shares when expecting appreciation in value.

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