- PLGNF sees 1500% betting handle increase in first half of October with 24.2 million in player betting turnover, up from 1.6 million in September
- Wagering activity up 305,000 bets for first two weeks of October, entire month of September saw 132,000 bets
- Daily player betting turnover approximately $1.6 million per day, up from $53,500 for September
- PLGNF’s proprietary technology runs fast and secure on any browser device without requiring app store download
Playgon Games (TSX.V: DEAL) (OTCQB: PLGNF), a SaaS technology company focused on developing and licensing digital content for the growing global iGaming market, started October with a bang with a betting handle increase of 1500%, surpassing 24.2-million in player betting turnover from 1.6-million for the entire month of September (https://ibn.fm/cYnzA).
PLGNF’s player wagering activity was up to 305,000 bets for the first two weeks of October, while the entire month of September saw 132,000 bets – surpassing management’s expectations. “Daily player betting turnover is approximately $1.6 million per day, up from about $53,500 per day for the month of September,” said Darcy Krogh, CEO of Playgon Games. “We are extremely excited about our month-over-month growth.”
PLGNF provides a multi-tenant gateway that gives online operators the ability to offer customers innovative iGaming software solutions. The company’s currently available applications include Live Dealer Casino, E-Table Games, and Daily Fantasy Sports. Customers can access the platform without sharing any sensitive customer data via seamless integration at the operator level. In addition, PLGNF’s games can run on any browser device fast and securely – just like any native app and without requiring an app store download.
“We knew our proprietary technology was innovative, however the reception we have received from our partners and clients has been unparalleled,” said Krogh. “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.”
After just four months of being operational, PLGNF onboarded 14 operators, resulting in a massive turnover that exceeded $1,400,000 in August – more than double July’s numbers. In addition, the company plans to build a remote development/engineering team to enable 24/7 development capability in different time zones with a goal of increasing their table count from 15 to 25 live tables by the end of the year.
PLGNF’s management team leverages three decades of iGaming experience, with multiple successful exits. All the company’s assets are IP-protected, and the company leverages a favorable market position due to high entry barriers to the rapid-growth industry – forecasted to grow at a CAGR of 12.3% and reach $127.3 billion by 2027, according to Grand View Research (https://ibn.fm/j0G6q).
PLGNF offers the first and only Live Dealer Casino streaming live from Las Vegas. In addition, the company brings cutting-edge handheld features and functionality to a new mobile-first generation of gaming enthusiasts that demand a top-tier gaming experience. With a focus on delivering digital games for the iGaming industry and delivering a world-class experience, PLGNF is positioned to be a leader in developing and licensing digital content for the growing global iGaming market.
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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