Bragg Gaming Group appoints Richard Carter as new CEO

Bragg Gaming Group Inc (TSX:BRAG) (OTCMKTS:BRGGF) (FRA:SL4A) announced that its founder and interim chief executive Adam Arviv has appointed Richard Carter to the role of CEO, effective from May 1.  Before joining the B2B gaming technology group, Carter served as CEO of interactive sports betting solutions and services provider SB Tech for five years prior to its merger with DraftKings Inc (NASDAQ:DKNG) (FRA:8DEA).  READ: Bragg Gaming says subsidiary ORYX Gaming has entered Swiss market by going live with Grand Casino Luzern’s online brand The appointment of Carter follows Arviv’s decision to step in as interim CEO in September 2020 following what the company said was “the negative effects of continued underperformance and missteps on the share price”. “I’m excited to lead Bragg on our mission to become a significant force in the B2B gaming space. 2020 has been a very successful year for the company and we are well-positioned to maintain this momentum into 2021 and beyond. We will continue to grow and broaden the business in our core European markets, while at the same time starting to accelerate our investment and focus on the fast-growing North American iGaming market. Now is the right time to break into this market, and we look forward to building our cutting-edge technology, data insights and exclusive casino gaming content to the market,” Carter said in a statement. “We’ve made significant progress in our strategic goals over the past months, and Richard is the ideal person to advance our plans - expanding our current market overseas and aggressively moving into the US market. Richard is a recognized authority in the online sports and casino betting industry, with a proven record helping launch SBTech in the U.S. market, before the successful sale of the company to DraftKings. We’re working together to make the necessary adjustments as we transform Bragg into a major player,” Arviv said. “On behalf of Richard and the other members of the Board of Directors, I would like to thank Adam for his continued commitment to Bragg. As the founder and largest strategic investor in the company, Adam stepped into the CEO role and led the transformation of Bragg to date. He’s now handing over a company perfectly positioned to win under Richard Carter’s leadership. Adam will continue on in his capacity as chief advisor to the board and CEO,” added Bragg board member Paul Godfrey. Contact the author at calum@proactiveinvestors.com Follow him on Twitter @Cal_Proac