Playgon - Maker of VegasLounge(TM) Signs Multijurisdictional Deal with Games Aggregator Hub88

Rhea-AI Summary

Playgon has announced a new agreement with Estonia-based Hub88, enhancing the distribution of its mobile live dealer technology. Playgon's VegasLounge(TM) games will now be accessible through Hub88's global operator network, leveraging their single API integration platform. This partnership aims to broaden Playgon's reach and provide Hub88's operators and players with new, high-quality gaming options. According to Playgon CEO Darcy Krogh, this move will significantly expand their global presence. Hub88, with its advanced back-office tools and real-time performance tracking via a mobile app, is excited to include Playgon's offerings in their portfolio.

Positive

• Playgon expands its global reach through a partnership with Hub88.
• Hub88's advanced integration platform provides seamless access to numerous operators.
• Playgon's VegasLounge(TM) games gain exposure to a larger audience.
• Hub88's real-time performance tracking and mobile app enhances operational efficiency.
• Partnership with Hub88 can potentially boost Playgon's market presence and revenue.

Negative

• No direct mention of financial terms, making it hard to assess immediate financial impact.
• No metrics provided on expected user engagement or revenue growth from the partnership.
• Potential over-reliance on a single distributor could pose risks if Hub88 faces issues.

Vancouver, British Columbia--(Newsfile Corp. - June 13, 2024) - Playgon Games Inc. (TSXV: DEAL) (OTC Pink: PLGNF) (FSE: 7CR) ("Playgon" or the "Company"), a SaaS technology company delivering innovative mobile live dealer technology to online gaming operators globally, is pleased to announce an agreement with Estonia based aggregator Hub88. Under the terms of the deal, Playgon's games will gain access to a range of global operators through Hub88's integration hub, increasing the distribution network of its mobile first live dealer table from Las Vegas.

Hub88 was founded in 2017 and is known for its agile integration platform offering a single API for all online gaming operations. Hub88 grants availability to numerous leading providers, giving access to many tier-one suppliers, to its network of operators. Hub88 empowers casino managers to track performance and KPIs in real-time and on-the-go via an iOS and Android mobile app. With a powerful back office offering accounting, business intelligence, unified bonuses and free spins function, Hub88 offers a flexible solution connecting operators with suppliers.

Ollie Castleman, Head of Hub88, said: "We're delighted to add Playgon Games' immersive VegasLounge™ to our content line-up, with its charismatic dealers and HD graphics sure to be a huge hit with players."

"By continuing to improve the breadth of our offering, we are giving operator partners the competitive edge needed to stay ahead in this age of rapid technological advancement. Playgon Games and its VegasLounge™ is a highly valued addition to our platform."

Darcy Krogh, CEO of Playgon Games Inc, said: "We are thrilled to partner up with Hub88 and look forward to working with their team as we continue to expand our presence globally via the Hub88 platform and their extensive operator network in many markets."

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 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, 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

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. 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, 2023 and Management Discussion and Analysis for the year ended December 31, 2023 and other filings with Canadian securities regulators (www.sedar.com). Readers are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements contained in this press release represents Playgon's current expectations. Playgon disclaims any intention and assumes no obligation to update or revise any forward-looking information, except if required by applicable securities laws.

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/212720

FAQ

What is the significance of Playgon's partnership with Hub88?

The partnership expands Playgon's reach, allowing its mobile live dealer games to access a wider network of global operators through Hub88's platform.

How will Hub88's integration platform benefit Playgon's games?

Hub88's single API integration and advanced back-office tools will provide seamless access and real-time performance tracking for Playgon's games, enhancing operational efficiency.

What are the expected benefits for Hub88's operators and players?

Hub88's operators and players will gain access to Playgon's high-quality mobile live dealer games, potentially enhancing their gaming experience and competitive edge.

How does this partnership impact Playgon's market presence?

The partnership is expected to significantly boost Playgon's market presence by leveraging Hub88's extensive operator network in various markets.

What is PLGNF?

PLGNF is the stock ticker symbol for Playgon Games on the OTC Pink market.