Bragg Gaming Group’s CEO, Matevž Mazij, has resigned from his position on the Board of Directors, after shareholders voted in favor of his removal during a meeting held yesterday by the company’s general assembly.
55.67% of shareholders voted against re-electing the Slovenian executive, who took the reins of the company in 2023. Mazij is the founder of Oryx Gaming, a company Bragg acquired in 2018 in a deal that helped lay the groundwork for Bragg’s growth as a gaming technology and content provider.
Mazij will remain, for now, in his role, as required by the bylaws, until his resignation takes effect. According to a filing submitted to the SEC, the CEO signed a consulting agreement with Bragg under which he will receive compensation of 485,000 euros, with an additional performance-based bonus of 150%. In the event of unjustified dismissal, Bragg must pay compensation equivalent to one year of his salary.
The news comes amid rumors of concern over the company’s stagnant share price, which has fallen nearly 60% over the past year, to $1.73.
Bragg’s shares began to fall in August 2025, after the firm announced it would not meet its financial projections.