- American Gaming Association’s Gaming CEO Outlook expects industry growth in 2020 driven by new hiring, wage growth, and capital investment
- PLGNF sees explosive growth in October 2021 with a 1500% betting handle increase, and betting turnover reached approximately $1.6 million per day from $53,500 for September
- PLGNF’s IP-protected iGaming software solutions include Live Dealer Casino, E-Table Games, Daily Fantasy Sports
- PLGNF applications run securely on any browser without app store download, do not require sharing sensitive data
Playgon Games (TSX.V: DEAL) (OTCQB: PLGNF), a SaaS technology company focused on developing and licensing digital content for the growing global iGaming market, is experiencing exponential growth with a 1500% betting handle increase in October (https://nnw.fm/zj4VI), well ahead of optimistic predictions published by the American Gaming Association (“AGA”) in a recent report (https://nnw.fm/hvKBu).
“We are a more resilient industry because of the COVID-19 pandemic,” said Aristocrat Technologies CEO and AGA Chairman Trevor Croker. “As the gaming industry looks to 2022 and beyond, our impressive recovery will continue to create jobs, support communities, and generate needed taxes.”
The AGA is the premier national trade group representing the $261 billion U.S. casino industry, supporting 1.8 million jobs across the United States. The group’s newly published Gaming CEO Outlook suggests bullish industry confidence across the industry, with nearly half of AGA-member CEOs expecting improved 2022 business conditions, driven by expected increases in new hiring (71%), wage growth (63%), and capital investment (39%).
“AGA’s inaugural Gaming CEO Outlook reflects the strength of our recovery and consumer demand for our world-class entertainment offerings,” said Bill Miller, AGA president and CEO. “The promising outlook is built on our innovation.”
PLGNF leads this innovative change with its multi-tenant gateway that enables online operators to offer users iGaming software solutions, including Live Dealer Casino, E-Table Games, and Daily Fantasy Sports. With privacy in focus, PLGNF’s technology allows customers to access the platform without sharing sensitive data while offering seamless integration at the operator level. Fast and secure, PLGNF’s games run fast on all browsers and devices like any native application 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 Darcy Krogh, CEO of Playgon Games. “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.
PLGNF’s management team brings over three decades of iGaming experience to the industry, with multiple successful exits. With a focus on delivering a first-class gaming experience to this generation of mobile-first gaming enthusiasts, PLGNF is positioned to lead the hyper-growth iGaming market due to high entry barriers and a valuable portfolio of IP-protected assets.
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://nnw.fm/PLGNF
About NetworkNewsWire
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 888-902-4192 (U.S. Mobile Phones Only)
For more information, please visit https://www.networknewswire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.networknewswire.com
212.418.1217 Office
[email protected]
NetworkNewsWire is part of the InvestorBrandNetwork.
