Playgon Provides Corporate Update on the Launch of Six Operators in the Vegas Live Studio

Rhea-AI Summary

Playgon Games Inc. (OTCQB: PLGNF) provided a corporate update highlighting the onboarding of six gaming operators utilizing its mobile live dealer technology. In May 2021, the first operational month, the company reported over 6000 unique visitors and 220,000 bets placed. Additionally, Playgon has 23 more operators set to go live in Q3 2021. CEO Darcy Krogh noted strong early metrics and expressed optimism about capturing growth opportunities, especially in the US market, with an anticipated financial impact in Q3 2021.

Positive

• Onboarded six operators generating revenue in the first month of operations.
• Reported over 6000 unique visitors and 220,000 bets placed in May 2021.
• Secured partnerships with an additional 23 committed operators set to launch in Q3 2021.
• CEO expressed confidence in rapid adoption of technology and growth potential.

Negative

• None.

VANCOUVER, BC / ACCESSWIRE / June 10, 2021 / Playgon Games Inc. (TSX-V:DEAL)(OTCQB:PLGNF)(Frankfurt:7CR) and/or its subsidiaries ("Playgon" or the "Company"), a SaaS technology company focused on delivering mobile live dealer technology to online gaming operators globally, is pleased to provide a corporate update. As previously announced, Playgon had signed agreements with Intelligent Gaming, Swintt and Solid Gaming as of Q2 2021 and has successfully onboarded six operators that have commenced generating revenue with Vegas Lounge...

The Company is pleased to report that in May 2021, the first month of operations:

• Over 6000 unique visitors wagered through Playgon's live dealer technology;
• Over 220,000 bets placed;
• Six gaming operators currently leveraging Playgon technology

In addition to the six operators that have onboarded with Playgon, the Company currently has a further 23 committed operators and aggregators that are expected to go live in early Q3 2021. This includes the recently announced partnership with Solid Gaming, a division of Gamesys Group.

"We are seeing a rapid adoption of our proprietary mobile live dealer technology as both operators and online players actively seek out a modern and innovative mobile solution that had simply not been previously available in the market, until now," said Darcy Krogh, CEO of Playgon Games. "With over 220,000 bets placed in just our first month of operations, we are confident that we have a solution that is garnering the attention of players globally and we are bracing to scale quickly. Considering our current base of aggregators and operators, we are well positioned to meet our growth goals through the rest of this year and beyond."

Mr. Krogh continued, "We have begun our operational ramp and based on the early metrics, management is encouraged that the Company will see the full financial impact of this ramp up by Q3'21. While still early in our revenue growth, the groundwork has been laid over the past 10 months to work alongside some of the largest iGaming companies globally and tap into emerging global trends with significant upside. We also continue to view the US market as an attractive opportunity and believe we are on track to formalize our US strategy in the second half of this year."

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 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

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, 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/651238/Playgon-Provides-Corporate-Update-on-the-Launch-of-Six-Operators-in-the-Vegas-Live-Studio

FAQ

What is Playgon Games Inc.'s recent corporate update?

Playgon Games Inc. recently announced onboarding six operators that commenced generating revenue through its mobile live dealer technology.

How many bets were placed in May 2021 by Playgon's operators?

Playgon reported over 220,000 bets placed in May 2021, the first month of operations.

What is the growth outlook for Playgon Games Inc.?

CEO Darcy Krogh is optimistic about the company's growth, expecting significant financial impact by Q3 2021.

How many operators does Playgon have planned for Q3 2021?

Playgon has 23 additional operators committed to going live in early Q3 2021.

What market opportunities is Playgon targeting?

Playgon views the US market as an attractive opportunity and plans to formalize its strategy in the second half of the year.