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The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Leisure, gaming and gambling

Playgon Games achieves record wagering month of $145M in March

Playgon Games Inc (TSX-V:DEAL, OTCQB:PLGNF) has announced that March 2023, was a record breaking month in terms of wagering at $145 million, which was 30% better than its previous best month.

The software-as-a-service (SaaS) technology company focused on licensing digital content for the growing iGaming market also said its daily wagering average for the month of $4.6 million was another new record, increasing 31% from its previous best daily wagering average for a month.

“Not only was the Q1 up by 23% quarter over quarter but March shattered our best previous month wagering activity by an impressive 30%,” Playgon Games (TSX-V:DEAL, OTCQB:PLGNF) CEO Darcy Krogh said in a statement.

READ: Playgon closes second tranche of placement, eyes potential $10M to be brought in through brokered financing and anchor investor

“Our integration pipeline is strong, we continue to on-board customers, and our business is scaling,” he added.

Krogh also noted that the company looks forward to announcing entry into new markets and new partnerships “very soon”.

As well, the company said its quarterly wagering turnover increased 21% sequentially to $334 million in the first quarter of 2023, while its average daily wagering turnover rose 23% quarter over quarter to $3.7 million in 1Q.

Playgon Games 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.

Contact Sean at sean@proactiveinvestors.com

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