Playgon Games (TSX.V: DEAL) (OTCQB: PLGNF) (FSE: 7CR), a propriety SaaS technology company delivering mobile first live dealer technology to online gaming operators globally, is reporting on its second quarter financial results for the period ended June 30, 2022. Highlights of the report include revenues from the Live Dealer platform of $216,881 for the quarter with total revenues of $357,758 for the six-month period ended June 30, 2022. According to the announcement, revenues for the quarter increased by $76,004 from Q1 2022, representing a 54% increase, and operator net win for the quarter was $3 million, an 11% increase from the previous quarter, which totaled $2.7 million. The company reported a net loss for the quarter of $4,402,353 with cash on hand as of June 30, 2022, totaling $539,485. Operational highlights for the quarter included the onboarding of 14 additional operators, with average monthly players reaching 20,100, compared to the previous quarter of 17,500. During the quarter, Playgon applied for a Gaming Related Supplier–Manufactures License with the Alcohol and Gaming Commission of Ontario and signed a software licensing and distribution agreement with Markor Technology whereby Markor will add and market Playgon’s proprietary mobile first live dealer and E-table game offerings. “Playgon experienced a strong Q2 as the company saw continued growth in revenue and player activity,” said Playgon Games CFO Harry Nijjar in the press release. “Our existing customer base continue to show growth in these two key metrics, and we expect the same from the new operators added during Q2. We strongly believe that with the new corporate milestones achieved already this third quarter, industry continues to validate Playgon’s Live Dealer offering.”
To view the full press release, visit https://ibn.fm/ySZfT
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, 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, 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.
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