Bragg Gaming Group has appointed Matt Davey as non-executive chairman of its board, with the move taking effect alongside the completion of its Drayton International acquisition.
Davey is the founder of Tekkorp Capital and currently holds approximately 10.09% of Bragg’s shares through that vehicle, making him a significant investor in the business.
He succeeds Holly Gagnon, who has stepped down as chair but will remain on the board as a director following the leadership transition.
The boardroom reshuffle also follows Matevž Mazij’s resignation from the board after shareholders opposed his re-election last month amid reported concerns over the company’s share price performance.
Davey brings a strong track record in gaming dealmaking, with particular experience across the US sports betting and online gaming sectors.
Bragg completed its purchase of Drayton International for $9 million, paying entirely through 4.5 million newly issued shares in the Nasdaq and Toronto-listed supplier.
The deal pushes Bragg further into regulated US sports betting and horse racing, and marks the company’s entry into advance deposit wagering, an online model used in US horse racing where customers fund accounts before placing bets.
Bragg described advance deposit wagering as a fast-growing segment of the US market, and noted that Drayton’s portfolio also includes equity stakes in several licensed gaming studios.
Gagnon said: “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.”
She added that as the company enters its next phase following the transaction, the board is focused on execution and long-term value for shareholders.
Davey commented on his vision for the business, saying: “Bragg has built the foundations needed for a powerful platform and distribution business: real content, real technology, and real licences in highly regulated markets.”
He continued: “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.”
Chief executive Matevž Mazij also pointed to opportunities developing beyond the Drayton deal itself, highlighting the role of artificial intelligence in accelerating content delivery.
Mazij said: “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.”
He added that the company sees real long-term potential and intends to communicate directly with shareholders and the market as that work matures.
