Bragg Gaming CEO Mazij steps down as COO Tonnesen becomes interim chief

Bragg Gaming Group replaced its chief executive on 6 November 2026. Matevž Mazij, founder of Oryx Gaming, moved to a strategic advisor role, and chief operating officer Morten Tonnesen took over as interim CEO. The supplier publishes third-quarter results on Friday 13 November.

For operators and affiliates working with Bragg's content and platform products, the change puts a new executive in charge of day-to-day decisions just before the next financial update.

What happened

Bragg announced that Tonnesen is now in charge of daily operations and answers to the board. Mazij, who had been chief executive since August 2023, will advise the board on strategy and help maintain continuity with key stakeholders during the handover. The company says the advisory role carries no day-to-day management responsibility. Bragg acquired Oryx, which Mazij founded, in 2018.

Tonnesen became Bragg's chief operating officer in March 2026. According to the company, his earlier career includes six years at PokerStars, co-founding the sportsbook operator BetWarrior, and senior commercial and growth roles at Shape Games and Xtremepush.

Chairman Matt Davey said the board's priorities are disciplined execution, a stronger balance sheet, operating cash flow and the development of technology, content and services. "Morten has the operational experience to deliver against those tests, and the Board has full confidence in him," Davey said. Tonnesen said his focus is execution, delivering for operator partners and running a simpler and more focused business.

The move follows a vote at the annual general meeting in June, when CasinoBeats reported that shareholders cast 6,288,503 votes against Mazij's re-election as a director, while 5,008,342 votes, or 44.33%, supported him. He left the board in July 2026. Davey became non-executive chairman on 22 July, when Bragg completed its USD 9.0m, all-share acquisition of Drayton International.

In its second-quarter results, published on 13 August, Bragg reported:

• revenue of €22.9m, down 12% from €26.1m a year earlier;
• a net loss of €2.9m, compared with €1.8m in the same period of 2025;
• adjusted EBITDA of €3.5m, flat year on year;
• a 14% fall in Netherlands revenue, which the company linked to the roll-off of legacy platform contracts after customer migrations;
• 44% year-on-year growth in revenue from proprietary content deployed in Canada and the United States.

The company also withdrew its 2026 guidance in that release, saying it had no reasonable basis to forecast the combined business after the Drayton deal. It announced a further workforce reduction of approximately 19% on 9 July.

Why it matters

Operators that run Bragg content, its player account platform or its aggregation hub should check whether their commercial contacts, integration roadmaps and service commitments remain unchanged under interim leadership. Tonnesen's reference to a simpler, more focused business could affect which products and markets Bragg prioritises, so operators may want to ask account managers for confirmation of timelines on pending integrations.

Affiliates that feature Bragg-supplied games in their reviews and partner programmes are likely to see the supplier's content mix continue to shift towards its own studio output, given the growth reported in North American proprietary content against falling legacy platform revenue in the Netherlands.

The interim title also means the board has not named a permanent chief executive. Suppliers in a similar position can face questions from operator partners about long-term product investment, and the third-quarter figures will be the first set of results reviewed under Tonnesen. Commentary from Bragg on cost savings, the Drayton integration and the reinstatement or continued absence of guidance is likely to be read closely by partners and investors.

What's next

Bragg will release its third-quarter 2026 results ahead of the market open on Friday 13 November 2026.