- Playgon CEO Darcy Krogh recently featured on IBN’s Bell2Bell podcast
- PLGNF develops and licenses digital content for global iGaming market
- Company surpassed $60 million in player betting turnover in October, up from $1.6 million in September with at least 100% growth across all key indicators
- PLGNF’s proprietary technology enables seamless integration at operator level, allows user access without sharing sensitive data or requiring app store download
Darcy Krogh, CEO of Playgon Games (TSX.V: DEAL) (OTCQB: PLGNF), was recently featured on Bell2Bell, a podcast produced by the Investor Brand Network (“IBN”) that delivers critical updates and exclusive interviews with executives operating in hyper-growth industries (https://ibn.fm/hfJpb).
PLGNF, a SaaS technology company that focuses on developing and licensing digital content for the global iGaming market, recently surpassed $60 million in player betting turnover in October, up from $1.6 million for the entire month of September with at least 100% growth across all key indicators (https://ibn.fm/CX8YI). Krogh revealed details about the company’s successful growth strategy during the episode, along with insights into the rapidly expanding iGaming sector.
“Playgon is a software development company. We build digital content for the growing and exciting online gaming space,” Krogh said. “We’re 80 strong with employees, including 20 engineers, with our core product being live dealer table games. We have 60 dealers in our studio in Las Vegas who deliver the content to our customers. We’re a mobile-focused development company, and we license our product out of Malta. We are a public company, and we are growing quite quickly.”
PLGNF’s proprietary software provides a multi-tenant gateway that enables online operators to offer users popular games such as, Live Dealer Casino, E-Table Games and Daily Fantasy Sports. With high-definition live streaming dealers and state-of-the-art augmented reality technology, PLGNF delivers an authentic casino experience streamed live from Las Vegas through a seamless integration at the operator level and allows user access without sharing sensitive data or requiring an app store download.
“Our company has a B2B model, basically a typical SaaS model where we share in revenues with our operator customers under a licensing agreement,” said Krogh. “We plug into existing legacy systems that they run digitally, and create a highway into our studio, which we have in Vegas. We offer the Live Dealer content from North America. The beautiful thing about this model is that we have no player acquisition cost, and it’s a global strategy.”
According to a recent report by Research and Markets, the online gaming industry is expected to grow at a CAGR of 11.94% between 2021-2026 (https://ibn.fm/dmk2N), and Grandview Research expects the market to reach $127.3 billion by 2027 (https://ibn.fm/VLFJG). “I first got into the business late in the ‘90s, so I’ve two decades in this industry,” said Krogh. “I’ve seen it grow up from mom-and-pop operations in the Caribbean to the business that it’s grown into today where, by-and-large, it’s run and owned by a lot of the big gaming brands.”
PLGNF provides turn-key solutions for online casinos, sportsbook operators, land-based operators, media groups, and big database companies. The company’s management team leverages three decades of iGaming experience, with multiple successful exits. With a portfolio of IP-protected assets and high barriers to entry, the company is positioned favorably within the rapidly growing iGaming industry.
To hear the episode and subscribe for future podcasts, visit https://podcast.bell2bell.com.
For more information, visit the company’s website at 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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