Bragg Gaming Group has finalized the acquisition of Drayton International. The transaction expands the Toronto-based firm's operational footprint within the United States sports betting and horse racing markets.
The purchase was completed for a total consideration of $9m. Bragg executed the payment through the issuance of shares rather than a direct cash transfer. This financial structure supports the immediate integration of the acquired assets into the parent company's portfolio.
Transaction Timeline and Market Impact
Public confirmation of Bragg's interest in Drayton International was first released in May. The company has now verified that all necessary procedural steps have been cleared to close the agreement. The merger positions Bragg to leverage existing wagering licenses and infrastructure in the US.
Drayton International previously maintained independent operations in the North American wagering sector. The consolidation is set to unify these resources under the Bragg Gaming Group umbrella.