- Playgon Games is a SaaS technology company focused on licensing its online gaming technology to gaming operators around the world
- The company has recently revealed that it saw player betting turnover rise to $24.2 million as of the first half of October, a 1500% increase relative to September’s $1.6 million
- The pandemic has hastened a switch away from physical casinos and towards online gaming; the online gaming market is now expected to grow to an annual value of $127.3 billion by 2027
- Playgon Games’ business model effectively allows investors to capitalize on overall gaming sector growth while simultaneously forgoing the sector’s elevated player acquisition costs
Playgon Games (TSX.V: DEAL) (OTCQB: PLGNF), a propriety SaaS technology company delivering mobile live dealer technology to online gaming operators globally, has recently revealed that it has surpassed $24.2 million in player betting turnover in the first half of October 2021, up from a mere $1.6 million for the entire month of September (https://ibn.fm/tFsRa).
Darcy Krogh, CEO of Playgon Games, commented regarding the results, “Daily player betting turnover is approximately $1.6 million per day, up from about $53,500 per day for the month of September. We are extremely excited about our month over month growth.” He continued, “We knew our proprietary technology was innovative, however the reception we have received from our partners and clients has been unparalleled. This is noticeable from the player wagering activity, which has increased to 305,000 bets for the half month of October compared to 132,000 bets for the entire month of September. We are witnessing at least 100% growth across all of our key indicators.”
Playgon Game’s proprietary technology provides digital games for online gambling sites and mobile device apps, with the company licensing its mobile live-dealer technology to online gaming operators worldwide.
The pandemic, consumer behaviour, technology, and regulation has hastened an already existing shift away from location-based casinos to online gaming; a recent study has forecast the global online gambling market to reach US$ 127.3 billion by 2027, representing a CAGR of 11.5 percent from 2020 to 2027 (https://ibn.fm/Ryfqv). The shift has primarily been driven by younger, tech-savvy consumer demographics, which has led to the adoption of digital gaming globally. To meet this demand, Playgon has launched a studio with ten gaming tables from which its live dealer streaming video originates. The company’s platform is now live with multiple online casino operators through direct integrations and four aggregator client integrations in South Africa and Europe, with further commitments from other parties still to come.
Playgon has also recently revealed plans to expand their current studio to 25 tables in the near term and is working to establish a U.S. and LATAM strategy. In the future, the company will continue to expand licensing of its live dealer games to iGaming operators worldwide under a SaaS license agreement (https://ibn.fm/kH98f). (https://ibn.fm/G6LSC).
Thus, and in its role as a B2B software supplier, Playgon Games is able to avoid incurring the elevated play acquisition costs faced by both physical and online gaming entities while simultaneously capitalizing on the growth of the growing online gambling market. As the saying goes in gambling, “the house always wins.” In Playgon Games’ case, they are the house, and the more visitors, the better.
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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