Bragg Gaming Group has cut approximately 19% of its global workforce in another round of restructuring.
The supplier said it would generate around €6m ($6.9m) in additional annualized cost savings.
The reduction is incremental to a restructuring the company revealed on January 8, 2026, which is expected to deliver approximately €4.5m in annualized savings. Combined, the two rounds of cuts are expected to produce around €10.5m in annualized cost savings once fully implemented.
Bragg said it expects to incur around €0.6m in costs tied to personnel-related terminations in the second half of 2026 as a result of the latest measures, on top of the costs associated with the January restructuring.
Matevž Mazij, CEO, said: "We believe that the steps we took at the start of the year were the right ones for the business, and today we are going further. These measures are designed to deliver focus, discipline, execution and cash generation."
He added that the changes are intended to structurally improve the company's cost base while protecting its technology, content and staff, and described the goal as positioning Bragg for growth and market consolidation opportunities as the iGaming industry continues to regulate.
The January restructuring was Bragg's first major cost-cutting move disclosed this year. The company did not specify which departments or regions would be most affected by the latest workforce reduction.
The announcement also comes after Mazij offered his resignation from Bragg's board in June, following a shareholder vote in which he received 44.33% support for his re-election. Under the company's majority voting policy, he will remain in the role until his resignation is accepted, a successor is appointed or 90 days have passed.
Bragg Gaming Group is listed on both the Nasdaq and Toronto Stock Exchange under the ticker BRAG
