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 financial results for the quarter ended Sept. 30, 2022. Highlights of the report include revenues for the quarter of C$316,222, and total revenues of C$673,980 for the nine months ended Sept. 30, 2022; third-quarter revenues increased 45% from Q2 2022 numbers. The net loss for the quarter was C$4,199,472. Operational highlights include turnover for the quarter averaged C$96.9 million, compared to C$57 million during the previous quarter, which is a 70% increase, and the number of wagers placed increased by 39%, from 5.5 million in Q2 to 7.69 million in Q3. Playgon Games also signed a software license and distribution agreement with global iGaming aggregator Pariplay Limited during the quarter calling for Pariplay to add and market Playgon’s proprietary mobile-first, live dealer and E-table offerings to its content library. “Building on a strong Q2, Playgon saw that momentum continue through Q3 with a 45% increase in revenues,” said Playgon Games CFO Harry Nijjar in the press release. “The increase in revenues during the quarter was supported by strong performance in certain key metrics, including monthly turnover, which increased by 70% over Q2 and wagering, which was up 39% from the previous quarter. In addition to the strong performance of existing operators, the new on-boards in the quarter clearly drove the growth in player activity for the quarter.”
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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 its customers innovative iGaming software solutions. Playgon’s current SaaS 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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