Playgon Games (TSX-V:DEAL, OTCQB:PLGNF) said it has attained key milestones for third quarter 2022, including an increase in players and wagers made during mobile-first digital games.
The Vancouver-based software-as-a-service (SaaS) gaming technology company said player activity continues to grow, with monthly wagering turnover increasing from C$173.5 million in the second quarter to $293.2 million in the third quarter, an increase of 69%.
The daily wagering turnover increased from $1,894,000 in 2Q to $3,166,000 in 3Q, representing a 67% increase. The number of wagers placed (betspots) increased from 5,520,000 in 2Q to 7,690,000 in 3Q, a 39% increase. Additionally, operator hold was up 77% from 2Q, according to Playgon.
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Playgon Games (TSX-V:DEAL, OTCQB:PLGNF) CEO Darcy Krogh said these are record-breaking numbers for his company, which launched in May 2021.
"With core integrations and the additional operators coming online in the current quarter, we anticipate record increases in our KPIs (key performance indicators) to become the norm," Krogh said in a statement.
"As a young company, we are finally seeing real results with our innovation in the marketplace, as we will look to these data points as validation of our product and our business plan."
Vancouver-based Playgon is a SaaS technology company focused on developing and licensing digital content for the growing iGaming market. Its current platform includes Live Dealer Casino, E-Table games and Daily Fantasy Sports, and it’s known as the maker of the VegasLounge game.
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