Playgon Games Discloses Q3 Results and Highlights

British Columbia-located Playgon Games has now issued its report for the third quarter of 2023 highlighting important milestones and results. The leading SaaS technology that specializes in providing innovative mobile live dealer tech to iGaming operators reported a wagering turnover of CA$449,000,000 which was a solid 10% increase over Q2 of 2023.

As a SaaS technology company focused on developing and licensing digital content for the rapidly expanding iGaming market. It offers a multi-tenant gateway that allows online operators to offer its customers innovative internet gambling software solutions. Currently, the firm offers its product to numerous iCasinos, sportsbooks, land-based operators, media groups, and database companies.

Recapping Q3 of 2023

In its latest financial report for the third quarter of 2023, the B.C. company shared that it generated a betting turnover of CA$449,000,000 which was an improvement of the CA$409,000,000 in Q2 or a 10% increase. Meanwhile, during Q3 its daily wagering proceeds jumped to CA$4,879,000 from CA$4,483,000 in the previous quarter or a 9% bump.

In the meantime, the provider’s player activity continues to grow on its live dealer table games supplied to its many operators from the industry. As per the end of the three quarters of 2023, its live dealer tables have aggregated around CA$1.2 billion in bets compared to the same period of 2022 when the volume was CA$697,000,000 for an incredible 72% year-over-year boost.

CEO of the SaaS technology company, Darcy Krogh also shared a few thoughts on the firm’s Q3 performance. He said that the sales and integration pipeline is strong, and the operations continue to improve. Mr. Krogh added that as the industry remains strong, the company is well-positioned to participate in the growth and it will be announcing new partnerships and games soon.

Additional Recent Highlights

In August 2023, Playgon announced a crucial milestone as the company was awarded a gaming-related supplier license to operate in Ontario’s highly competitive market for third-party operators and suppliers. With its permit, the firm can now offer its rich assortment of live dealer games to other operators which are licensed to run in the Heartland Province.

Back then Mr. Krogh said the supplier license for Ontario is another significant milestone for the provider and that its team is thrilled for the opportunity. He noted that this is the studio’s live dealer technology’s first entry into North America and that they have seen serious interest in their product. But more will be revealed in the near future.

However, that is not all, as of August 2023, the B.C. firm also has completed systems integration with Pariplay. The latter is a subsidiary of NeoGames and is a popular aggregator and content provider that partners with over 150 operators. The deal is a two-year agreement, allowing Pariplay to implement the provider’s mobile-first live dealer and E-table products under the VegasLounge™ brand.

Source: “Playgon Games – Maker of VegasLounge Announces Third Quarter Player Activity Milestones” Playgon Games, October 24, 2023