Playgon Adds 3 New Operators and Shows Continued Growth in Player Wagering Activity

Rhea-AI Summary

Playgon Games Inc. (PLGNF) has added three new operators to its platform, bringing the total to 26. This expansion coincides with a 12% increase in total player wagering month-over-month for November, alongside a 28% growth in monthly active players and a 22% rise in betting spots. CEO Darcy Krogh expressed optimism about ongoing demand and anticipated continued growth in client acquisition and revenue. Playgon delivers live dealer technology to online gaming operators, positioning itself as a significant player in the iGaming market.

Positive

• Total operators increased to 26, with 8 more in integration.
• Player wagering grew by 12% in November compared to October.
• Monthly active players rose by 28% from the previous month.
• Betting spots increased by 22% month-over-month.

Negative

• None.

VANCOUVER, BC / ACCESSWIRE / November 29, 2021 / Playgon Games Inc. (TSX-V:DEAL)(OTCQB:PLGNF)(Frankfurt:7CR) ("Playgon" or the "Company"), a propriety SaaS technology company delivering mobile live dealer technology to online gaming operators globally, is pleased to announce that it has added 3 new operators to the platform. Playgon now has a total of 26 operators using their technology, and an additional 8 operators in the queue at various stages of integration of testing.

Playgon is also pleased to announce that total player wagering for the month of November 2021 has increased approximately 12% as compared to October 2021. Furthermore, monthly active player numbers are up 28% and betspots have increased over 22%, compared to the previous month.

"We continue to garner strong interest and onboard operators rapidly as the demand for our product continues to grow at a healthy pace," said Darcy Krogh, CEO of Playgon Games. "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."

Mr. Krogh continued, "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. We are confident in our strategy and look forward to continued growth and success."

About Playgon Games Inc.

Playgon Games Inc. (TSXV: DEAL / OTCQB: PLGNF / FSE: 7CR) is a SaaS technology company focused on developing and licensing digital content for the growing iGaming market. The Company provides a multi-tenant 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, the Company's products are ideal turn-key solutions for online casinos, sportsbook operators, land-based operators, media groups, and big database companies.

For further information, please visit the Company's website at www.playgon.com.

For further information, contact:

Mike Marrandino, Director
Tel: (604) 722-5225
Email: mikem@playgon.com

Virtus Advisory Group
Tel: (416)-644-5081
Email: info@virtusadvisory.com

Corporate Communications:
InvestorBrandNetwork (IBN)
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Office
Editor@InvestorBrandNetwork.com

Forward-Looking Statements

This release contains forward-looking statements. Forward-looking statements, without limitation, may contain the words believes, expects, anticipates, estimates, intends, plans, or similar expressions. Forward-looking statements are not guaranteeing of future performance. They involve risks, uncertainties and assumptions and actual results could differ materially from those anticipated. Forward looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. Forward looking statement also include player wagering activity as a metric to define growth such as player handle or turnover which is defined as the total (gross) amount wagered by players over a period of time. Except for historical facts, the statements in this news release, as well as oral statements or other written statements made or to be made by Playgon, are forward-looking and involve risks and uncertainties. In the context of any forward-looking information please refer to risk factors detailed in, as well as other information contained in the Company's audited financial statements for the year ended December 31, 2020 and Management Discussion and Analysis for the year ended December 31, 2020 and other filings with Canadian securities regulators (www.sedar.com).

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Playgon Games, Inc.

View source version on accesswire.com:
https://www.accesswire.com/674941/Playgon-Adds-3-New-Operators-and-Shows-Continued-Growth-in-Player-Wagering-Activity

FAQ

What recent developments has Playgon Games (PLGNF) announced?

Playgon Games has added three new operators, bringing the total to 26 and has reported significant growth in player wagering and active users.

How much has player wagering increased for Playgon Games in November 2021?

Player wagering increased by approximately 12% compared to October 2021.

What is the current number of operators using Playgon's technology?

As of November 2021, Playgon has 26 operators using its technology.

What metrics indicate growth for Playgon Games (PLGNF) in November 2021?

In November, Playgon reported a 12% increase in total player wagering, a 28% rise in monthly active players, and a 22% increase in bet spots.

What does the future look like for Playgon Games in terms of growth?

Playgon anticipates continued growth in client acquisition and player activity, with more operators expected to come online.