Press release

Bragg Applauds Successful House of Commons Vote on Bill C-218 to Legalize Single-Event Sports Betting

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B2B gaming technology provider Bragg Gaming Group (TSX:BRAG, OTC: BRGGF) (“Bragg” or the “Company“) provided comment this morning on the passing of Bill C-218 yesterday in the Canadian House of Commons.

“We’re very supportive of the move toward the legalization of single-event sports betting,” said Adam Arviv, CEO of Bragg Gaming. “Canadians have demonstrated overwhelming support for this update to the federal legislation and this was reflected in the strong cross-party backing for the bill. It’s a strong step forward for the Canadian legal gambling market and a win for the Canadian economy. Progressing this bill to the Senate brings us a step closer to ensuring that the profits from Canadian gaming remain in the community, rather than leaking into illegal black-market channels.”

The passing of Bill C-218 will decriminalize placing a bet on the outcome of a single game or match. Canadians are currently only permitted to place bets on a series of sports events, a form of parlay betting. Supporters of the legislative update advise that the update will shift profits away from the currently estimated $14 billion in black-market bets and into the regulated Canadian gambling market.

The Bill will now be sent to the Senate for reading and adoption, and then to the Governor-General for Royal Assent. Final approval could occur as soon as May 2021.

Bragg stand alongside Canadian casinos and other online gaming operators who have expressed support as the current restrictions make it harder to compete with their U.S. and international counterparts. Bragg also looks forward to and supports similar legislative updates at the provincial level, driven by the need to increase tourism and jobs, once the federal bill and Criminal Code amendment has passed. While the provinces control gambling operations in the current regulatory landscape, their operations are restricted to “parlay bets” – a lower-odds bet where individuals must choose the winning team in multiple games to win – rather than permitting single-event bets legally.

About Bragg Gaming Group

Bragg Gaming Group (TSX:BRAG, OTC: BRGGF) is a global B2B gaming technology provider. Since its inception in 2012, Bragg has developed, produced, marketed and licensed fully integrated solutions to more than 125 gaming and casino operators worldwide.

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This news release may contain forward-looking statements or “forward-looking information” within the meaning of applicable Canadian securities laws (“forward-looking statements”). Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or describes a “goal”, or variation of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved.

All forward-looking statements reflect the Company’s beliefs and assumptions based on information available at the time the statements were made. Actual results or events may differ from those predicted in these forward-looking statements. All of the Company’s forward-looking statements are qualified by the assumptions that are stated or inherent in such forward-looking statements, including the assumptions listed below. Although the Company believes that these assumptions are reasonable, this list is not exhaustive of factors that may affect any of the forward-looking statements. The key assumptions that have been made in connection with the forward-looking statements include the following: the impact of COVID-19 on the business of Bragg; the countercyclical growth of the business of Bragg; the regulatory regime governing the business of Bragg; the operations of the Company; the products and services of the Company; Bragg’s customers; acquisition opportunities; the growth of Bragg’s business, which may not be achieved or realized within the time frames stated or at all; and the anticipated size and/or revenue associated with the gaming market globally.

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