Playgon Games (TSX.V: DEAL) (OTC: PLGNF) (FSE: 7CR), a proprietary SaaS technology company delivering mobile live dealer technology to online gaming operators globally, is reporting on its financial results for Q2 2023, the three-month period ended June 30, 2023. Highlights of the report include increased growth within both the existing core customer base as well as player activity due to new onboards. Specifically, for the three- and six-month period ended June 30, 2023, Playgon reported revenues of C$413,388 and C$701,397 respectively from its Live Dealer platform; these numbers show a 90% to 96% year-over-year increase over 2022 numbers. In addition, PLGNF revenue increased to C$125,379 from the three-month period ended March 31, 2023, representing a 44% increase, with the company noting a net loss for the three months and six months ended June 30, 2023, of C$4,366,396 and C$8,334,932.
The company also reported operational highlights, including key performance indicators (“KPIs”) of wagering turnover, which was C$396 million for the quarter, an increase of 18% compared to C$336 million the previous quarter; number of wagers placed, or betspots, during the quarter came in at 10.2 million compared to the previous quarter of 8 million; and average daily wagering turnover for the three months ended June 30, 2023, totaled C$4.4 million, a 19% quarter-over-quarter increase from the previous quarter. “We continue to see positive revenue growth in our Q2 supported by momentum in several KPI’s we track,” said Playgon Games CEO Darcy Krogh in the press release. “We expect this to accelerate in the second half of 2023 as we launch new clients in Ontario under our recent license approval and other new markets globally.”
To view the full press release, visit https://ibn.fm/kZmdW
About Playgon Games Inc.
Playgon is a SaaS technology company focused on developing and licensing digital content for the growing iGaming market. The company provides a multitenant gateway that allows online operators the ability to offer their customers innovative iGaming software solutions. Playgon’s current software platform includes Live Dealer Casino, E-Table games and Daily Fantasy Sports, which, through a seamless integration at the operator level, allows customer access without having to share or compromise any sensitive customer data. As a true business-to-business digital content provider, Playgon products are ideal turnkey solutions for online casinos, sportsbook operators, land-based operators, media groups and big database companies. For more information about the company, please visit www.Playgon.com.
NOTE TO INVESTORS: The latest news and updates relating to PLGNF are available in the company’s newsroom at https://ibn.fm/PLGNF
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