Bragg Gaming Appoints Morten Tonnesen Interim CEO as Matevž Mazij Becomes Strategic Advisor

Bragg Gaming Group appointed Morten Tonnesen as interim chief executive officer effective November 6, 2026, and moved Matevž Mazij from CEO to strategic advisor with immediate effect, Business Wire reported. Tonnesen had served as chief operating officer since joining Bragg Gaming Group in March 2026.

Tonnesen's Move From Operations To Interim CEO

Tonnesen takes responsibility for day-to-day operations and reports to the board of directors. He brings more than 17 years of leadership experience across B2C and B2B iGaming, sports betting and technology, according to the announcement. In B2C, he co-founded and exited sports betting operator BetWarrior and spent six years at PokerStars. In B2B, he was chief commercial officer at Shape Games, subsequently sold to Kambi, and chief growth officer at Xtremepush.

Mazij founded Oryx Gaming, which Bragg acquired in 2018, and served as CEO since August 2023. He previously served on the board from February 2021 to July 2026. In the advisory role he will guide the board on strategic matters and support continuity with key stakeholders through the transition, with no day-to-day management responsibility.

"On behalf of the Board, I want to thank Matevž for his service as Chief Executive Officer and for everything he has built at bragg," said Matt Davey, chair of the board. Davey said the board's focus for the next phase is on disciplined execution, improving balance sheet strength, operating cash flow, and development and deployment of market leading technology, content and services.

Tonnesen said: "My focus is execution, delivering for our operator partners and running a simpler and more focused business." He cited strong technology, growing proprietary content and a licensed footprint across more than 30 regulated markets.

Bragg Gaming's Recent Deal And Funding Record

According to akta.pro company records, Bragg announced a binding agreement in May 2026 to acquire Drayton International for approximately $9 million, through 4.5 million newly issued common shares at $2.00 per share. The deal adds five game studios, three technology platforms and more than 100 titles, and entry into advance deposit wagering across more than 30 U.S. states. The same records list a post-IPO equity round of $1.3 million in July 2026 and a $4.3 million post-IPO debt round in September 2025 led by Bank of Montreal.

Earlier Bragg Gaming Coverage

Defense World compared Bragg with Life Time Group on valuation, profitability, risk and analyst ratings in November 2026, noting Life Time's higher revenue and earnings and Bragg's higher potential upside of 531.58% versus 24.62%. In October 2026, Defense World compared Bragg with Planet Fitness on ratings, ownership and valuation, finding Planet Fitness ahead on 11 of 14 factors. American Banking and Market News compared Bragg with Studio City International Holdings in October 2026, reporting that Bragg beat Studio City on 9 of 14 factors.