iGaming

Bragg Gaming Group names Morten Tonnesen interim CEO as Matevž Mazij steps down

Matevž Mazij, who founded Oryx Gaming, transitions to a strategic advisor role without day-to-day management duties.

By Erin Kowalski, Editor-in-Chief
November 9, 2026

TORONTO · Bragg Gaming Group has appointed Morten Tonnesen as its interim chief executive officer, replacing Matevž Mazij. The leadership change took effect on November 6, 2026. Tonnesen, who joined the company as chief operating officer in March 2026, will now assume responsibility for day-to-day operations and report to the board of directors. Mazij will transition to the role of strategic advisor, providing guidance to the board and supporting continuity with key stakeholders.

Matt Davey, chair of the board at Bragg, thanked Mazij for his service. "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," Davey said. "He founded Oryx, successfully merged it into the company, and has led Bragg through a demanding period in the industry." Davey stated the board's focus is now on disciplined execution, improving balance sheet strength and operating cash flow, and the development of technology, content and services.

The change follows a shareholder vote in June where Mazij did not receive majority support for re-election as a director. At the annual general meeting, 55.67 percent of votes were cast against his re-election. Under the company's majority voting policy, he offered to resign from the board, which he had served on from February 2021 to July 2026. Mazij had been chief executive since August 2023 and founded Oryx Gaming, which Bragg acquired in 2018.

Tonnesen brings more than 17 years of leadership experience in iGaming, sports betting and technology. His background includes co-founding and exiting the sports betting operator BetWarrior, six years at PokerStars, and serving as chief commercial officer at Shape Games, which was later sold to Kambi. "The quality of what is already here is what makes this a fantastic opportunity," Tonnesen said. "My focus is execution, delivering for our operator partners and running a simpler and more focused business."

The leadership transition occurs as Bragg prepares to report its third-quarter 2026 results on November 13. The company's second quarter saw revenue fall to €26.1 million from the year before, with a net loss widening to €2.9 million from €1.8 million. Revenue in the Netherlands declined 14 percent as older platform contracts ended, while revenue from Bragg's proprietary content in Canada and the United States grew 44 percent year over year. The boardroom had already seen changes earlier this year. Matt Davey, founder of Tekkorp Capital, became non-executive chairman on July 22, 2026, the same day Bragg completed its acquisition of Drayton International for US$9 million. The company did not indicate in its announcement whether it will conduct a search for a permanent chief executive.