Bragg Gaming Group said it expects double-digit revenue growth in 2025 and remains committed to exploring strategic M&A moves next year to fuel its progress.

In an update on Dec. 10, the Toronto-based B2B iGaming provider’s CEO, Matevž Mazij, divulged that the firm remains “committed to creating shareholder value and liquidity opportunities over the next year through strategic transactions, or other value-enhancing initiatives.”

The update comes less than a month after Mazij told investors that the company’s strategic review this year ultimately yielded the conclusion that things should continue as they were for the time being. The firm had formed a special committee earlier to assess potential strategic alternatives after a mixed set of results in the last quarter of the last Canadian fiscal year. The company said at the time those could include the sale of the company or assets, a merger, financing or further acquisitions, but ultimately decided against any immediate move.

On Tuesday, though, Mazij said that “while the strategic review process has concluded, our dedication to pursuing these objectives heading into 2025 remains unchanged.”

He added that the strategic review process had given leadership important insights about what potential acquirers prioritize when considering bids. Bragg has identified key focus areas, such as stronger cash generation, increased revenue diversification, accelerated proprietary content growth and enhanced margins. “While the formal review process has concluded, it has sharpened our focus on the metrics that matter most,” Mazij added.

Insider stock purchases are evidence of confidence, says Bragg

In its statement on Tuesday, Bragg also announced significant insider share purchases which it said demonstrate management’s confidence in the company’s undervalued shares.

“The recent insider purchases by Bragg’s management and board underscore our confidence in the company’s near-term potential,” added Mazij. “The alignment between management’s insider purchases and our strategic roadmap demonstrates that we’re not just talking about value creation – we’re investing alongside our shareholders while actively pursuing paths to enhanced liquidity … As insiders, we clearly see the potential to see this value realized in 2025.”

Bragg also reiterated its 2025 outlook, which includes double-digit revenue growth, expanded bottom-line profit margins and increased operational leverage through 2025. The company will issue formal guidance early in 2025. In its last earnings update in mid-November, it reported record Q3 revenue powered by a range of new launches and partnerships.