- DEAL emerging as clear leader based on the consistent increases in key metrics of success
- Company reported that total player wagering for November 2021 increased approximately 12% compared to October 2021
- CEO notes that reception from our partners, clients has been unparalleled
In the burgeoning iGaming space, key indicators measure a company’s success. One of those indicators is player wagering activity, and Playgon Games (TSX.V: DEAL) (OTCQB: PLGNF) (Frankfurt: 7CR), a propriety SaaS technology company delivering mobile live dealer technology to online gaming operators globally, is emerging as a clear leader based on the consistent increases in player wagering activity the company is reporting.
Most recently, Playgon announced that its total player wagering for November 2021 increased approximately 12% compared to October 2021. Furthermore, monthly active player numbers are up 28%, and bet spots have increased over 22%, compared to the previous month (https://nnw.fm/gYjUq). And those aren’t the only numbers worth noting; the company also added three new operators to its platform, bringing the total number of operators using Playgon tech to 26, with eight more waiting in the wings at various stages of integration of testing.
“We continue to garner strong interest and onboard operators rapidly as the demand for our product continues to grow at a healthy pace,” said Playgon Games CEO Darcy Krogh. “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.”
The increase in numbers has been a bit of a pattern for the gaming company. In October, the company announced that it had surpassed $24.2 million in player betting turnover in the first half of the month, up from $1.6 million for the entire month of September, an increase of over 1,500% (https://nnw.fm/lcy2Y).
At the time, Krogh noted that daily player betting turnover was tracking at 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 said. “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.
“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,” Krogh concluded. “We are confident in our strategy and look forward to continued growth and success.”
Playgon games 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 table games, eTable games, and daily fantasy sports. Seamless integration at the operator level allows customer access without sharing or compromising any sensitive customer data. As a true B2B digital content provider, Playgon’s products are ideal turnkey solutions for online casinos, sportsbook operators, land-based operators, media groups, and big database companies.
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.
