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PLAYGON GAMES INC - PLGNF STOCK NEWS

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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.

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Playgon Games Inc. (TSXV: DEAL) (OTC Pink: PLGNF) (FSE: 7CR) announces the launch of its new proprietary game called Odds UP Roulette®. This innovative mobile live dealer technology features 2 to 5 randomly generated Lucky Numbers in each game round, boosting multipliers from 50:1 to an impressive 1000:1 payout for players. The game offers better odds and more frequent and higher multipliers compared to similar games in the market, enhancing the gaming experience while aligning with standard return-to-player percentages.
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Playgon Games Inc. announces key milestones for Q3 2023 with increased player activity and wagering turnover. The company's quarterly wagering turnover increased by 10% to $449 million, and average daily wagering turnover increased by 9% to $4.9 million. Year over year, Playgon's live dealer tables have seen a 72% increase in wagers, reaching $1.2 billion in 2023. The completion of the shares for debt transaction involved the issuance of 32,045,130 common shares of the company in settlement of $2.2 million in debt.
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Playgon Games Inc. announces Q2 2023 financial results with strong revenue growth and increased player activity
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Playgon Games Inc. has been granted a license by the Alcohol and Gaming Commission of Ontario (AGCO) to supply iGaming and sports betting operators in Ontario with its mobile live dealer platform. Ontario's iGaming market reported $35.6 billion in wagers and $1.4 billion in gaming revenue in its first year, placing the province in the top five in North America. Playgon Games sees this as a major opportunity and plans to pursue the attractive Ontario market.
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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.

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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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FAQ

What is the current stock price of PLAYGON GAMES (PLGNF)?

The current stock price of PLAYGON GAMES (PLGNF) is $0.0095 as of December 20, 2024.

What is the market cap of PLAYGON GAMES (PLGNF)?

The market cap of PLAYGON GAMES (PLGNF) is approximately 3.0M.

What does Playgon Games Inc. specialize in?

Playgon Games Inc. is a proprietary SaaS technology company focused on delivering mobile live dealer technology to online gaming operators globally.

What were the financial highlights for Playgon Games Inc. in Q3 2023?

During Q3 2023, Playgon saw increased growth in player activity and strong revenue growth, supported by key performance indicators.

What is the Proposed Convertible Debenture Financing announced by Playgon Games Inc.?

The Proposed Offering of up to CAD$5,000,000 in unsecured convertible debentures is intended to fund ongoing sales and marketing efforts, new market entries, content development, and general working capital.

What key markets is Playgon Games Inc. focusing on for expansion?

Playgon is focusing on launching in Ontario and Latin America, completing GLI certification in multiple Latin American countries, and finalizing integration with a major European content aggregator for the Italian market.

What sets Playgon Games Inc. apart in the iGaming market?

Playgon provides a multi-tenant gateway for online operators to offer innovative iGaming software solutions, including Live Dealer Casino and E-Table games, without compromising sensitive customer data.

PLAYGON GAMES INC

OTC:PLGNF

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PLGNF Stock Data

2.99M
240.57M
27.06%
Software - Application
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