CFO Ronen Kannor to step down from Bragg Gaming Group

Bragg Gaming Group
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Bragg Gaming Group is undergoing a leadership change.

The B2B gaming technology and content provider has announced that CFO Ronen Kannor will resign from his position on June 3 to pursue a new opportunity. Kannor, who has a wealth of finance experience in gaming, was hired by Bragg in 2020 after spending more than five years as Group CFO of British online gambling operator Stride Gaming Group.

Kannor has notified Bragg’s board of directors of his intention to step down as CFO.

“It has been an honor to be part of the Bragg team which has successfully navigated many challenges and continued to deliver consistent growth over the past four years. I thank the Board for their support throughout my time with Bragg, and I am now fully focused on ensuring a smooth handover to my successor,” said Kannor. “Special thanks goes to my finance team, who work tirelessly to deliver the positive change and financial growth that the company continues to achieve. I wish them and all of my colleagues continued success with Bragg now and in the future.”

During Kannor’s time at Bragg, the company grew substantially, which included making a market debut on the NASDAQ while continuing to trade on the Toronto Stock Exchange.

In FY 2023, Bragg generated $101 million in revenue, a 10.5% increase year-over-year. The company closed the fiscal year with an adjusted EBITDA of $16.4 million, up from $13.1 million for the year prior. Bragg is licensed to operate in several jurisdictions across North America, including New Jersey, Pennsylvania, and Ontario. The company has also solidified a presence in European markets, including Italy, Germany, and Spain.

Series of changes at Bragg

Kannor’s resignation follows former CEO Yaniv Sherman relinquishing his role with the company last August. Sherman, who previously held leadership roles at 888 Holdings before his time at Bragg, was replaced by Matevž Mazij.

Mazij serves as Chairman of the Board at Bragg and is the company’s largest shareholder.