Playgon Games (TSX.V: DEAL) (OTC: PLGNF) (FSE: 7CR), a proprietary SaaS technology company delivering mobile live dealer technology to online gaming operators globally, is reporting on its financial and operational results for Q1 2023, the period ended March 31, 2023. Notable numbers from the report include total revenues of C$288,009) from its Live Dealer platform, which is a 104% increase year over year and a net loss of 2% for the same period. According to the report, Playgon saw rising growth in player activity, likely based on new onboards and organic growth within its existing core customer base, which is a strong indicator for future revenue growth; the company noted that it plans to continue its investment in the Live Dealer platform. Operational highlights from the report pointed to several key performance indicators, including wagering turnover for the quarter totaling C$336 million compared to C$275.6 million the previous quarter and average daily wagering turnover for the same period increasing 24%, totaling C$3.71 million. “We kicked off our year with positive momentum in several KPI’s we track, and this is continuing into our second quarter,” said Playgon Games CEO Darcy Krogh in the press release. “The continued and accelerating growth in top line revenue adds to our confidence that our growth strategy is working and gaining meaningful traction in 2023.”
To view the full press release, visit https://ibn.fm/tEO8L
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. Playgon’s 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.
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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