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NetworkNewsBreaks – Playgon Games Inc. (TSX.V: DEAL) (OTCQB: PLGNF) (FSE: 7CR) Releases Q1 2022 Financial Report

Company: Playgon Games Inc. (PLGNF)
Category: News

Playgon Games (TSX.V: DEAL) (OTCQB: PLGNF) (FSE: 7CR), a propriety SaaS technology company delivering mobile-first live-dealer technology to online gaming operators globally, is reporting its first quarter 2022 financial numbers; the report is for the quarter ended March 31, 2022. Highlights of the report include company revenues of $140,877, which came from Playgon’s Live Dealer platform. The company noted that it saw increased player betting throughout the quarter, a strong indicator for future revenue growth. In addition, Playgon observed an increase in player win percentage resulting in reduced house margins. The company also reported loss for the quarter of $3,899,555, a slight increase from its March 31, 2021, number; Playgon also had cash on hand of $2,486,326 at the end of the quarter. In addition, operational highlights for the quarter included Playgon entering into a multijurisdictional software licensing and distribution agreement with Relax Gaming, its fourth European aggregator. The company also onboarded nine additional operators, bringing total operator count to 35, and appointed  industry veteran Bobby Soper to its board of directors. “Q1 was another important quarter for Playgon,” said Playgon Games CEO Darcy Krogh in the press release. “We continued to see increased player activity throughout the quarter, and we exited with a healthy pipeline of new opportunities, which we expect to announce in due course. This will include entry into new markets for the company’s innovative mobile live dealer product that we are excited to enter.”

To view the full press release, visit https://nnw.fm/rUa53

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. Its 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://nnw.fm/PLGNF  

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