Bragg Announce Matt Davey Appointment As Chair After Drayton Acquisition

Bragg Gaming Group has appointed Tekkorp Capital founder Matt Davey as non-executive chairman after acquiring Drayton International. Davey, who holds 10.09% of Bragg’s shares through Tekkorp, replaces Holly Gagnon. She has stepped down as chair but will remain a director.

The change follows Matevž Mazij’s resignation from the board after shareholders opposed his re-election over concern about Bragg’s share price.

“Matt is highly respected throughout our industry and brings deep strategic, operational and governance experience. His track record speaks for itself, but what stands out to me is that he’s not just advising bragg, he’s now genuinely invested in where we go next,” Gagnon said.

“As we enter this next phase following the transaction, we’re glad to have that experience and perspective on the board as we focus on execution and long-term value for shareholders.”

Drayton purchase expands Bragg’s US betting position

Bragg bought Drayton for $9m through 4.5m issued shares, strengthening its US sports betting and horse racing position. The deal takes Bragg into advance deposit wagering, where customers fund an account before betting on horse races. Drayton holds stakes in gaming studios.

“Bragg has built the foundations needed for a powerful platform and distribution business: real content, real technology, and real licences in highly regulated markets,” Davey added.

“The next chapter is about disciplined execution – focus, balance sheet strength, operating cash flow, and revenue growth driven by letting the product do the talking. I’ve built businesses through this phase before, and I look forward to supporting the board and management as they do it here.”

Bragg targets faster content and revenue growth

Bragg said the appointment supports its US expansion as it seeks cash flow and revenue growth from its platform and content. Mazij highlighted the use of AI in game development.

“Beyond this transaction, our studios continue to expand the breadth of games and features across the platform, including the early application of AI-assisted development tools to help us bring new content to market faster. We see real long-term potential here, and we intend to be direct with shareholders and the market as that work matures,” he said.