We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Bragg Gaming (BRAG) Expands Czech Reach With Kings Partnership
Read MoreHide Full Article
Bragg Gaming Group Inc. (BRAG - Free Report) entered into an agreement with Kings Entertainment A.S. (Kings), a Czech land-based casino operator, to launch the Kingsbet online business in the Czech Republic. This marks the company's second client in the country for its Player Account Management (PAM) technology and full turnkey iGaming solution, expanding its reach in the region.
Per the deal, the company will provide Kings with PAM technology, exclusive content from Bragg studios, aggregated online casino content via the Bragg HUB and a fully-localized sportsbook integration through its partnership with Altenar. BRAG offers Kingsbet an all-in-one solution featuring powerful automation and marketing tools to manage both casino and sportsbook operations effectively.
Additionally, it will support Kingsbet with managed marketing and operational services. The agreement and subsequent launch represent the latest in a series of partnerships through which BRAG delivers its technology solutions to operators in globally regulated iGaming markets.
BRAG is optimistic about the deal and aims to assist Kings Entertainment, a prominent European entertainment, casino and poker brand, in transitioning their leading Czech operations online with its comprehensive turnkey solution.
By the end of this year, Kingsbet plans to launch a Live casino product. Bragg's platform will support Kings' entry into the Czech market with robust tools and a competitive product lineup.
Kings has a 40% share of the Czech land-based casino market and plans to expand into online gambling, supported by Bragg's technology and expertise. According to H2 Gambling Capital, the Czech online casino market is projected to achieve approximately US $1 billion in gross wins in 2024, suggesting 30% year-over-year growth.
Price Performance
Shares of this Zacks Rank #4 (Sell) company have gained 69.4% in the past year compared with the Zacks Gaming industry’s 6.5% rise. The company is benefiting from robust PAM and Turnkey solution customers. Also, focus on strategic partnerships and new online casino games bodes well.
Image Source: Zacks Investment Research
During the first quarter of 2024, Bragg released 19 new exclusive online casino games, including seven developed by Bragg's Studios. This marks an increase from 11 exclusive games launched in the same quarter last year. Additionally, Bragg introduced online games in the U.S. for the first time from renowned land-based slots developer King Show Games, enhancing its exclusive games lineup for North America. Bragg plans to maintain this pace of expanding its games portfolio throughout the year.
STRA has a trailing four-quarter earnings surprise of 36.2%, on average. The stock has gained 44.3% in the past year. The Zacks Consensus Estimate for STRA’s 2024 sales and earnings per share (EPS) indicates an increase of 6.4% and 33.3%, respectively, from year-ago levels.
Netflix, Inc. (NFLX - Free Report) presently sports a Zacks Rank of 1. NFLX has a trailing four-quarter earnings surprise of 9.3%, on average. The stock has risen 55% in the past year.
The consensus estimate for NFLX’s 2024 sales and EPS indicate a rise of 14.8% and 52.2%, respectively, from year-ago levels.
Royal Caribbean Cruises Ltd. (RCL - Free Report) currently sports a Zacks Rank of 1. RCL has a trailing four-quarter earnings surprise of 18.3%, on average. The stock has surged 55.8% in the past year.
The Zacks Consensus Estimate for RCL’s 2024 sales and EPS implies growth of 16.8% and 63.8%, respectively, from year-ago levels.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Bragg Gaming (BRAG) Expands Czech Reach With Kings Partnership
Bragg Gaming Group Inc. (BRAG - Free Report) entered into an agreement with Kings Entertainment A.S. (Kings), a Czech land-based casino operator, to launch the Kingsbet online business in the Czech Republic. This marks the company's second client in the country for its Player Account Management (PAM) technology and full turnkey iGaming solution, expanding its reach in the region.
Per the deal, the company will provide Kings with PAM technology, exclusive content from Bragg studios, aggregated online casino content via the Bragg HUB and a fully-localized sportsbook integration through its partnership with Altenar. BRAG offers Kingsbet an all-in-one solution featuring powerful automation and marketing tools to manage both casino and sportsbook operations effectively.
Additionally, it will support Kingsbet with managed marketing and operational services. The agreement and subsequent launch represent the latest in a series of partnerships through which BRAG delivers its technology solutions to operators in globally regulated iGaming markets.
BRAG is optimistic about the deal and aims to assist Kings Entertainment, a prominent European entertainment, casino and poker brand, in transitioning their leading Czech operations online with its comprehensive turnkey solution.
By the end of this year, Kingsbet plans to launch a Live casino product. Bragg's platform will support Kings' entry into the Czech market with robust tools and a competitive product lineup.
Kings has a 40% share of the Czech land-based casino market and plans to expand into online gambling, supported by Bragg's technology and expertise. According to H2 Gambling Capital, the Czech online casino market is projected to achieve approximately US $1 billion in gross wins in 2024, suggesting 30% year-over-year growth.
Price Performance
Shares of this Zacks Rank #4 (Sell) company have gained 69.4% in the past year compared with the Zacks Gaming industry’s 6.5% rise. The company is benefiting from robust PAM and Turnkey solution customers. Also, focus on strategic partnerships and new online casino games bodes well.
Image Source: Zacks Investment Research
During the first quarter of 2024, Bragg released 19 new exclusive online casino games, including seven developed by Bragg's Studios. This marks an increase from 11 exclusive games launched in the same quarter last year. Additionally, Bragg introduced online games in the U.S. for the first time from renowned land-based slots developer King Show Games, enhancing its exclusive games lineup for North America. Bragg plans to maintain this pace of expanding its games portfolio throughout the year.
Key Picks
Here are some better-ranked stocks from the Consumer Discretionary sector.
Strategic Education, Inc. (STRA - Free Report) currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks Rank #1 stocks here.
STRA has a trailing four-quarter earnings surprise of 36.2%, on average. The stock has gained 44.3% in the past year. The Zacks Consensus Estimate for STRA’s 2024 sales and earnings per share (EPS) indicates an increase of 6.4% and 33.3%, respectively, from year-ago levels.
Netflix, Inc. (NFLX - Free Report) presently sports a Zacks Rank of 1. NFLX has a trailing four-quarter earnings surprise of 9.3%, on average. The stock has risen 55% in the past year.
The consensus estimate for NFLX’s 2024 sales and EPS indicate a rise of 14.8% and 52.2%, respectively, from year-ago levels.
Royal Caribbean Cruises Ltd. (RCL - Free Report) currently sports a Zacks Rank of 1. RCL has a trailing four-quarter earnings surprise of 18.3%, on average. The stock has surged 55.8% in the past year.
The Zacks Consensus Estimate for RCL’s 2024 sales and EPS implies growth of 16.8% and 63.8%, respectively, from year-ago levels.