Bragg confirms Mazij board exit, Drayton deal closes

• Bragg Gaming Group has closed its US$9 million acquisition of Drayton International, paid entirely in common shares.
• Matevž Mazij’s resignation from Bragg’s board took effect on July 22, 2026, after shareholders voted against his re-election in June.
• Matt Davey has been appointed non-executive chairman, succeeding Holly Gagnon, and holds 10.09% of Bragg through Tekkorp Capital.

Bragg Gaming Group has closed its acquisition of Drayton International and confirmed the resignation of Matevž Mazij from its board, a pair of moves announced on July 22, 2026 that reshape the leadership of the Toronto-headquartered supplier.

The changes follow the June vote in which 55.67% of shareholders opposed Mazij’s re-election, and they mark the company’s formal entry into the US advance deposit wagering market.

Board reshuffle

Mazij’s board exit follows the June 18 annual general meeting vote, where 55.67% of votes cast opposed his re-election against 44.33% in favor. Under Bragg’s majority voting policy, a director who fails to secure a majority must tender a resignation.

The board has now accepted that resignation, effective July 22, 2026. Mazij remains Bragg’s chief executive officer, a role he has held since August 2023 after founding predecessor business Oryx Gaming.

Holly Gagnon is also stepping aside as board chair. She remains on the board as an independent director.

The leadership changes arrive after a demanding period for the supplier, which contended with a cybersecurity incident last year and announced a 19% workforce reduction on July 9.

Drayton deal closes

The board changes coincide with the completion of Bragg’s purchase of Drayton International, first announced as a binding term sheet in May. Bragg paid US$9 million for the business entirely through the issuance of 4,500,000 common shares.

Drayton brings equity interests across a portfolio of licensed gaming studios and proprietary distribution infrastructure, alongside Bragg’s entry into Advance Deposit Wagering (ADW), the regulated online wagering model used in US horse racing.

Matevž Mazij, chief executive officer of Bragg, said:

“Drayton gives Bragg a direct, credible entry into the US Advance Deposit Wagering (ADW) market, a diversified portfolio of studio equity interests and proprietary distribution infrastructure that materially expands our content scale.”

New chairman, fresh financing

Matt Davey, founder and chairman of gaming-focused investment fund Tekkorp Capital, becomes non-executive chairman effective at closing. Through Tekkorp, he holds approximately 10.09% of Bragg’s outstanding shares on a non-diluted basis.

Matt Davey, non-executive chairman of Bragg, said:

“Bragg has built the foundations needed for a powerful platform and distribution business: real content, real technology, and real licences in highly regulated markets. The next chapter is about disciplined execution — focus, balance sheet strength, operating cash flow, and revenue growth driven by letting the product do the talking. I’ve built businesses through this phase before, and I look forward to supporting the board and management as they do it here.”

Bragg also converted 751,445 subscription receipts from a prior private placement into common shares and warrants at US$1.73 per receipt, with the warrants exercisable at US$2.16 for 36 months. The company separately renewed its senior credit facility with Bank of Montreal for another year on existing terms.

The closed acquisition, renewed credit line and a chairman the company credits with a track record across gaming M&A hand Bragg a reset boardroom for the next phase of its AI-driven profitability push, even as questions remain over who will succeed Mazij as chief executive.