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Playgon Games Inc. (PLGNF) is a proprietary SaaS technology company that focuses on delivering mobile live dealer technology to online gaming operators globally. The company saw increased growth in player activity in Q3 2023, indicating strong future revenue growth. Playgon is set to launch in Ontario and Latin America, with plans to enter new markets and develop new content.
In addition, Playgon announced a Proposed Convertible Debenture Financing of up to CAD$5,000,000 to fund ongoing sales and marketing efforts, enter new markets, develop new content, and for general working capital. The Company is also working on Gaming Labs Inc certification for games in several Latin American countries and is finalizing integration with a major European content aggregator for the Italian market.
Playgon Games, operating under the ticker PLGNF, highlighted the growing potential of the online gambling market in a recent broadcast, emphasizing that over 30 states are moving towards legalizing online gaming since its federal approval in 2018. The total addressable market is projected to hit $27.5 billion annually, splitting into $14 billion for online sports betting and $13.5 billion for iGaming. Playgon aims to differentiate itself with innovative B2B SaaS solutions that enhance mobile accessibility and customer experience in a competitive landscape.
Playgon Games Inc. (OTCQB: PLGNF) has been featured in a recent editorial by NetworkNewsWire, highlighting the burgeoning online gambling market. The editorial notes that the shift towards remote gaming accelerated during the COVID-19 pandemic, leading to increased demand for innovative gaming solutions. Playgon, a SaaS technology company, aims to support online operators by offering turnkey software solutions, including live-dealer casinos and eTable games. The company positions itself as a key player in the rapidly growing iGaming sector.
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