Bragg Gaming Group has announced that Matevž Mazij who has led the iGaming content and technology provider since August 2023, has stepped down from the role of Chief Executive Officer, effective November 6, 2026. Morten Tonnesen, who joined the company earlier this year as Chief Operating Officer, has been appointed Interim Chief Executive Officer. Mazij will transition to the role of Strategic Advisor with immediate effect.
The leadership change follows a period of mounting shareholder pressure at the Toronto-listed and Nasdaq-listed company. At the company’s annual general meeting on June 18, 2026, shareholders voted against Mazij’s re-election to the board of directors, with approximately 55.67% of votes cast against his reappointment. Mazij subsequently resigned from the board, with the resignation formalized in July 2026, at which point Matt Davey was appointed Board Chairman.
Since then, Bragg has undertaken a series of strategic and operational adjustments, including restructuring initiatives announced in January and July 2026 aimed at reducing the cost structure, accelerating the path to cash generation, and focusing the business on its core high-margin content operations. The company also completed the acquisition of Drayton International in July 2026.
Who Is Morten Tonnesen?
Tonnesen joined Bragg in March 2026 as Chief Operating Officer, bringing more than 17 years of leadership experience across the iGaming, sports betting, and technology sectors. His mandate as COO included driving operational leverage and supporting the company’s transformation strategy, which has emphasized content-led growth and the adoption of artificial intelligence across its operations.
His appointment as Interim CEO places an operator with direct knowledge of the company’s ongoing restructuring and AI-focused initiatives at the helm while the board conducts its search for a permanent successor.
Mazij’s Tenure and Legacy
Mazij is the founder of Oryx Gaming, which Bragg acquired in 2018, a transaction that substantially shaped the company’s content and platform capabilities. He served as Chairman of the Board before being appointed CEO in August 2023. During his tenure as CEO, the company pursued an expanded content strategy and a strengthened presence in North American regulated markets, alongside broader efforts to streamline the organization.
