Lara Falzon has announced her resignation as president and chief operating officer of Bragg Gaming Group.
Falzon to Leave Bragg Group: Enhanced Development, Self-Assured in Upcoming Leadership
Falzon will hold both positions until December 31, 2018, according to Bragg. She will still be involved in the day-to-day operations of the company even though she is leaving at the end of the year.
Falzon enjoyed working with the Bragg team during the period when the business made significant progress toward laying the groundwork for future expansion. She was sure that the company's outstanding team members and leaders would keep it successful in the future.
Highlights of Lara Falzon's tenure and career following her departure from Bragg
Falzon has held the positions of president, chief operating officer, and non-executive director since joining Bragg in November 2021. She was NetEnt's operational chief financial officer prior to this. She had held the same role at Red Tiger Gaming prior to its acquisition. She was listed among the Most Influential Women 2020 by iGamingBusiness.
Falzon has also held positions with Evoke Gaming, King—the company behind Candy Crush—and the BMW Group's Malta branch.
Two months prior to the public announcement of Falzon's departure, Matevž Mazij was appointed as Bragg's new chairman and CEO.
Mazij thanked Falzon for her noteworthy contributions and commended her for her influential work as a board member and in higher positions as president and COO. He claimed that Bragg's development and success were largely due to her dedication, initiative, and diligence. Mazij recognized Lara's expertise and experience and thanked her for her vital contribution to the company. He wished her well as she moves forward in her career.
Bragg Verifies Falzon's Resignation After Excellent Q3 Results
The announcement of Falzon's departure was made last week following Bragg's Q3 results release.
Sales increased 8.0% year over year to €22.6 million (£19.8 million/$24.2 million) in the three months that ended on September 30. Despite posting a net loss of €3.6 million for the quarter, Bragg's adjusted EBITDA rose to €3.8 million, a 72.7% increase.
Considering these and its nine-month figures, Bragg remains positive about its entire year. It reiterated its guidance for 2023 in the Q3 announcement.
Estimated revenue ranges from €95.0 million to €97.0 million. EBITDA should be between €15.5 million and €16.5 million after adjustments.
