A little over a year after taking over as CEO of Bragg Gaming Group, Yaniv Sherman is stepping down.
The company announced on Monday that Matevž Mazij will be stepping up as the new CEO. Mazij also serves as Chairman of the Board of the company and is the largest shareholder in the company.
Bragg acquired Mazij’s Oryx Gaming in 2018 shortly before the company rebranded from Breaking Data Corp to Bragg Gaming.
Per the release, the change in leadership came, “following a thorough evaluation by the Board and to ensure the optimal alignment of the best interests of the company and its stakeholders.”
“On behalf of the Board of Directors and the entire Bragg team, I would like to thank Yaniv for his leadership, commitment, and contributions to the Company,” said Holly Gagnon, Lead Independent Director of the Bragg Gaming Board. “The Board remains focused on supporting the Company’s senior management team as they continue to execute on initiatives that drive profitable growth and the creation of new, sustainable shareholder value. We are confident that as the founder and visionary of Oryx Gaming, the combination of Matevž’ signficant industry experience and deep knowledge of Bragg with the Company’s experienced senior leadership team favorably positions Bragg to continue successfully executing on our key strategic objectives and serve our valued customers and partners with excellence.”
Sherman moved over to Bragg after a lengthy stint with 888 Holdings where he served as Head of the US from 2018 to 2021. He only took on the role effective July 1 of last year. The news of his departure comes after a Q2 with record revenues in part because of several new US rollouts. earlier this month, the company announced a transatlantic partnership with PokerStars.
“Following several years of serving on the Board, I am excited to return to an operational role to lead the Company towards continued top-line and cash flow growth,” said Mazij. “Bragg possesses many opportunities to further grow our scale of operations across North America, Europe and evolving global regulated iGaming markets. I look forward to working with senior management and all of our team members to bring fresh perspectives that can amplify our ability to continue our successful execution of the growth strategies that we established following the acquisitions of Wild Streak Gaming and Spin Games in 2021 and 2022, respectively.”
