Legacy Eight online gaming group has sold around three million shares in the Bragg Gaming Group, raising $0.75 million in the process.
In a statement, Legacy Eight said it disposed of a total of three million shares in Bragg. The offer, which closed at a cost of $0.25 cents per share late last week, earned $750,000.
In the announcement, Legacy Eight said it retains “for investment purposes” Bragg Gaming shares and may in the future acquire or dispose of more.
In Bragg, which is just under eight percent of the issued and outstanding common shares, the group still holds 6.3 million shares.
The Bragg Gaming Group was founded in December 2018 and has three main vertical businesses–online casino provider Oryx Gaming, sports company GiveMeSport, and UK-facing online betting and casino brand GiveMeBet.