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Playgon Acquires Another GLI Certification for Ontario

Playgon Games has just revealed that it has achieved certification from Gaming Laboratories International for its Live Dealer games designed for Ontario. As a SaaS technology company specializing in mobile live dealer technology and eTable games for operators, Playgon is now fully compliant with the Alcohol and Gaming Commission of Ontario and its market-specific requirements.

Headquartered in British Columbia, the company concentrates on developing and licensing digital content tailored for the growing iGaming industry. Its product empowers operators to provide their customers with state-of-the-art iGaming software solutions. The platform encompasses Live Dealer Casino, E-Table games, and Daily Fantasy Sports, making it an excellent partner for online casinos, sportsbooks, land-based operators, and beyond.

Bracing for Ontario Launch

With the recent GLI certification and the previous accreditation for the Las Vegas studio, the provider is strategically positioned for its upcoming commercial launch in Ontario’s competitive online gambling market. The company plans to expand gradually into additional territories, starting with Mexico, where the provider is nearing customer launches. Subsequent stages will include expansions into Colombia, Italy, and more.

Darcy Krogh, CEO of the B2B firm, said the supplier is eager to join this North American market. He revealed the company already has several commitments to integrate its VegasLounge™ live dealer offering into Ontario, and the new GLI certification was the last piece of the puzzle the firm needed for its launch. Soon the provider will deliver content to operators in the market.

Mr. Krogh continued by saying that online casinos account for over 70% of wagering and revenue in the province, which makes the jurisdiction a key market for the B.C. provider. In the first year of legal iGaming, Ontario disclosed CA$35.6 billion of wagering handle, which resulted in around CA$1.4 billion in revenue, which put the province in the top 5 markets in North America.

Just last week, iGaming Ontario, which oversees online gambling in the province, provided its Q3 report on the market for the fiscal 2023-2024. For the period between October 1 to December 31, 2023, the province handled CA$17.2 billion in wagers, which was a hefty 21% increase over Q2. It also produced CA$658 million in gaming revenue, which was 22% more than in Q2.

Playgon Issues Q3 Numbers

At the start of December 2023, the SaaS technology company released its financial and operational report recapping its highlights for the third quarter that ended on September 30, 2023. The B2B provider company reported revenues of CA$436,926 from its Live Dealer platform. This was a 38% increase over Q3 of 2022. Meanwhile, the net loss for the latest quarter was CA$3,940,02.

Revenue growth was supported by impressive results in several key performance indicators. For instance, wagering turnover for the quarter was CA$446 million in comparison to the CA$396 million from the previous quarter. The number of placed wagers in Q3 2023 was 9.3 million, which was, a decrease of 8.8% from the prior quarter, showing a seasonal cooldown.

Source: “Playgon Successfully Receives Gaming Laboratories International (GLI(R)) Certification for Its Live Dealer Games for OntarioYahoo, January 22, 2024

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Yolina has followed closely the latest development on the Canadian gaming scene over the past years, monitoring the land-based, lottery, and online offerings up for grabs. The dynamic nature of the local lottery and casino fields, as well as the opportunities lying ahead of Canada fire her enthusiasm for what is to come. A sports betting enthusiast, in her spare time Yolina could be found in her natural habitat – turning the pages of biographies and catching up on the latest stand-up comedy podcasts.