Playgon Games Stock Price, News & Analysis

Playgon Games Inc. (OTCQB: PLGNF) has been featured in a recent editorial by NetworkNewsWire, highlighting the burgeoning online gambling market. The editorial notes that the shift towards remote gaming accelerated during the COVID-19 pandemic, leading to increased demand for innovative gaming solutions. Playgon, a SaaS technology company, aims to support online operators by offering turnkey software solutions, including live-dealer casinos and eTable games. The company positions itself as a key player in the rapidly growing iGaming sector.

Playgon Games Inc. (OTCQB: PLGNF) announces its recent broadcast titled, “Digitization Reshaped Ecommerce First, Now Moving to Online Gaming.” The press release highlights the surge in online gaming demand due to the pandemic, prompting Playgon to innovate in digital gaming content. With a workforce of over 80, the company develops SaaS solutions for the iGaming market, including live-dealer casino and eTable games. This strategic positioning aims to meet the industry's evolving needs as digital engagement continues to rise.

Playgon Games Inc. (OTCQB: PLGNF) has been featured in an editorial by NetworkNewsWire, highlighting the growing online gaming industry, akin to the early days of eCommerce. The company specializes in software-as-a-service (SaaS) for the iGaming market, offering innovative digital content solutions for online operators. With a focus on live-dealer casinos and eTable games, Playgon aims to tap into the industry's rapid growth, which is projected to resemble a 'hockey stick' trajectory similar to eCommerce giants.

Playgon Games Inc. (PLGNF) has added three new operators to its platform, bringing the total to 26. This expansion coincides with a 12% increase in total player wagering month-over-month for November, alongside a 28% growth in monthly active players and a 22% rise in betting spots. CEO Darcy Krogh expressed optimism about ongoing demand and anticipated continued growth in client acquisition and revenue. Playgon delivers live dealer technology to online gaming operators, positioning itself as a significant player in the iGaming market.

Playgon Games has successfully completed a non-brokered private placement, raising $10,491,334 through the issuance of 34,971,112 Units at $0.30 each. Each Unit includes a common share and a warrant exercisable at $0.50 for 24 months. Proceeds will support global sales, software development, and infrastructure improvements. Certain insiders contributed to the Offering, which will enhance shareholder value. The Offering is pending final approval by the TSX Venture Exchange.

Playgon Games (TSXV:DEAL, OTCQB:PLGNF) announced an upsizing of its non-brokered private placement to raise up to $9 million by selling up to 30 million units at $0.30 each. Each unit comprises one common share and one warrant, allowing purchase of another share at $0.50 for two years. Proceeds will fund global expansion, software enhancement, and other corporate purposes. The offering is set to close on or around November 9, 2021, subject to regulatory approvals.

Playgon Games announces a non-brokered private placement intending to raise $5 million at $0.30 per unit, which includes common shares and purchase warrants. Each unit will provide the option to purchase a common share at $0.50 for two years. Proceeds will fund global marketing, software development, IT infrastructure, and strategic initiatives, particularly in the U.S. Closing is subject to TSXV approval. Note that these securities are not registered under U.S. laws and are not available to U.S. persons.

Playgon Games (TSX-V:DEAL / OTCQB:PLGNF) reported over $54 million in player betting turnover by October 27, representing a 30x increase from September. The number of player wagers exceeded 675,000, marking a 5x growth compared to the previous month. The company onboarded three new operators, bringing the total to 23, with an additional 11 commitments in integration. CEO Darcy Krogh emphasized ongoing exponential growth and confidence in transitioning these metrics into strong revenue.

Playgon Games (OTCQB: PLGNF) reported a remarkable increase in player betting turnover, surpassing $24.2 million in the first half of October 2021, a staggering growth of over 1,500% compared to $1.6 million for September. Daily betting turnover also surged to approximately $1.6 million per day from $53,500 in September. The company noted substantial player activity with 305,000 bets in mid-October versus 132,000 bets for the entire previous month, indicating at least 100% growth across key indicators. This positive trend reflects the successful reception of its proprietary live dealer technology.