Playgon Games Inc. (TSX.V: DEAL) (OTCQB: PLGNF) Outclasses iGaming Competition

Rhea-AI Summary

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.

Positive

• Projected total addressable market for online gambling is $27.5 billion annually.
• Playgon's innovative SaaS solutions target competitive gap in mobile iGaming.

Negative

• None.

NEW YORK, March 03, 2022 (GLOBE NEWSWIRE) -- NetworkNewsAudio – Playgon Games Inc. (TSX.V: DEAL) (OTCQB: PLGNF) announces the availability of a broadcast titled, “Vegas Goes All In as Online Gambling Soars.”

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Since the federal government legalized online betting in 2018, states are increasingly warming up to the idea of online gaming, looking to seize a revenue and job-creation opportunity. To date, more than 30 states have abandoned moribund laws blocking online gambling and are now either live or in the process of launching sports betting and iGaming. According to MGM, the total addressable North American market (TAM) will reach $27.5 billion per year, broken down into $14 billion in online sports betting and $13.5 billion in iGaming. iGaming by definition involves any betting online on games of chance.

Playgon Games is the savvy upstart, recognizing that the current suppliers have overlooked mobile and offer largely the same or generically similar products. This pioneering Software-as-a-Service (SaaS) company has taken a business-to-business (B2B) strategy to provide a multitenant gateway allowing online operators the ability to offer their customers innovative iGaming software solutions that outclass the competition.

About Playgon Games Inc.

Playgon 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 casino, eTable 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, Playgon products are ideal turnkey solutions for online casinos, sportsbook operators, land-based operators, media groups and big database companies. For more information about the company, please visit www.Playgon.com. 

NOTE TO INVESTORS: The latest news and updates relating to PLGNF are available in the company’s newsroom at https://ibn.fm/PLGNF  

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FAQ

What is the significance of the $27.5 billion market projection for PLGNF?

The $27.5 billion projection indicates substantial growth potential in the online gambling sector, directly benefiting companies like Playgon Games.

How has Playgon Games positioned itself in the online gambling market?

Playgon Games has adopted a B2B SaaS strategy, offering innovative solutions that focus on enhancing mobile gaming experiences.

What changes are occurring in the online gambling landscape as mentioned in the PR?

Over 30 states are legalizing online gambling, indicating a shift towards embracing online betting and gaming opportunities.

What is Playgon's business focus as of March 2022?

Playgon is focused on developing and licensing SaaS solutions for the iGaming market, particularly through live-dealer and eTable games.