Bragg Gaming Group confirmed a cybersecurity breach in the early morning of Aug. 16. According to the company, immediate measures were taken involving the deployment of cybersecurity professionals to mitigate potential harm and conduct a probe into the breach.
Key Takeaways
- Bragg Gaming Group confirmed a cybersecurity incident on Aug. 16 but said there is no evidence that player personal data was compromised.
- The breach was limited to Bragg’s internal computer environment and did not affect day-to-day operations.
- The incident comes amid a wider trend of gambling operators facing cyberattacks, including Flutter Entertainment and Merkur Entertainment.
Bragg confirmed the attack only targeted its internal computer systems and said there was no evidence of a breach involving customer information. Additionally, operations were not said to be affected, and business returned to normal. Bragg added that it had access to all information concerning the incident, which translated into no permanent loss occurring.
A brief statement by Bragg reassured its customers and business partners of its dedication to safeguarding information. It stated that updates would be issued as additional information becomes known.
This incident adds Bragg to a growing list of gambling operators targeted by cyberattacks in recent months. Flutter Entertainment dealt with a July breach impacting its UK Paddy Power and Betfair brands, where user names, email addresses, and partial home addresses were exposed.
Meanwhile, Merkur Entertainment came into the spotlight in March after a group of ethical hackers discovered severe vulnerabilities, which released player banking and registry information from its German casinos.
Any such breaches have sparked regulatory worries, especially in Europe, where operators are subject to strict compliance guidelines around data protection. Gambling operators are routinely attractive targets for cyber attackers because they store huge amounts of sensitive financial and personal data on players.
Bragg announces financial results and revised guidance
The cybersecurity breach followed just weeks after Bragg published its first-half 2025 financial report, announcing group revenue of €51.6 million ($60.4 million), a 6% increase compared with the previous-year period.
Growth drivers during the period were the implementation of Life Sport's new content in New York, New Jersey, and Connecticut via Fanatics, and a Hard Rock Digital exclusive content agreement. Expansion in Brazil similarly underpinned performance through a RapidPlay partnership.
Adjusted EBITDA increased by 7.1% during H1 to €7.5 million, but even with the improvement, Bragg cut its FY guidance. Before, it had projected double-digit climbs in both revenue and adjusted FY EBITDA, but now it anticipates FY revenue between €106 million and €108.5 million, versus previous projections of €117 million and €123 million.
The adjusted EBITDA forecasts were further decreased to between €16.5 million and €18.5 million, from previous guidance of between €19 million and €21.5 million.
The revision can be linked to increased gaming taxes, weakness in the Dutch market, difficulties in the Brazilian market, and general headwinds in its major markets. The revision reflects the continued challenge facing gaming operators, torn between growth and a more challenging regulatory and tax landscape.
