- PLGNF adds three iGaming operators to platform, additional eight at testing and integration stages
- Growth indicators from November include 12% player wager increase, 28% active player growth, 22% increase in bet spots
- PLGNF’s proprietary technology enables seamless integration at operator level, allows user access without sharing sensitive data or requiring app store download.
- PLGNF has a typical SaaS business model which includes zero player acquisition cost.
- Grandview Research forecasts global online gambling market to reach $127.3 billion by 2027, CAGR of 11.5% from 2020 to 2027
Playgon Games (TSX.V: DEAL) (OTCQB: PLGNF), a propriety SaaS technology company delivering live dealer mobile technology to global online gaming operators, recently announced the addition of three new operators to its platform, bringing the total to 26. The company also reported that critical key performance indicators were up for November, including 12% growth in player wagering, a 28% increase in monthly active player numbers, and 22% growth in bet spots (https://ibn.fm/iw6zA).
“We continue to garner strong interest and onboard operators rapidly as the demand for our product continues to grow at a healthy pace,” said Darcy Krogh, CEO of Playgon Games. “Player activity and wagering are important metrics of the success of our mobile live dealer product, and we are delighted with the growth we are experiencing. For the second month in a row, we are delivering record increases in player wagering, which is a direct function of the growing number of users leveraging our platform as we offer our games through some of the largest gaming operators globally.”
PLGNF’s iGaming software provides a multi-tenant gateway that allows global online operators to deliver an authentic casino experience streamed live from Las Vegas. Games include Live Dealer Casino, E-Table Games and Daily Fantasy Sports. Their Live Casino is presented with high-definition live streaming dealers and state-of-the-art augmented reality technology that gives users a best-in-class user experience without sharing sensitive data or requiring an app store download. The company expects the growth trend to continue driven by 4 key pillars, the pandemic, new regulation, technology, and user demographic.
“As we look ahead to the new year, we anticipate continued growth in client acquisition and player activity with a material number of new operators coming online and ultimately strong revenue growth,” said Krogh. “We are confident in our strategy and look forward to continued growth and success.”
Krogh was recently featured on the Investor Brand Network’s Bell2Bell podcast, where he revealed details about the company’s successful growth strategy in addition to insights into the massive expansion being seen in the iGaming sector (https://ibn.fm/7BVYU). “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 are a growing, publicly-traded, Malta-licensed, mobile-focused development company in a high growth industry.”
Grandview Research forecasts the global online gambling market to reach $127.3 billion by 2027, at a CAGR of 11.5% from 2020 to 2027 (https://ibn.fm/BQw4G). Factors such as innovations in artificial intelligence and machine learning, increased options for digital payments, and an expanding female segment are all expected to contribute to market growth. PLGNF is positioned favorably with its portfolio of IP-protected assets, high barriers to entry, and decades of management experience with multiple successful exits.
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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