This week, Columbia, UK-based Playgon Games announced it had reached a significant milestone for the third quarter of 2022. This includes a continued increase in player activity on the live dealer table, a surge in betting revenue, as well as an improvement in betting and operator holdouts, according to a press release from the leading SaaS company.
Playgon is a leading SaaS technology company for the iGaming business and it provides a software platform that includes Live Dealer Casino, E-Table games and Daily Fantasy Sports. As a prominent B2B digital provider, the company’s products are turn-key solutions for online casinos, sportsbooks, brick-and-mortar gaming amenities, media groups and database corporations.
- Key Highlights from Q3
For Q3 of 2022, the gaming provider reported an increase in player activity at its live dealer offerings. The monthly wagering handle has increased from CA$173,500,000 in Q2 of 2022 to CA$293,220,000 in Q3 or a 69% increase. The company average daily wagering turnover jumped from CA$1,894,000 in Q2 to CA$3,166,000 in Q3 or it increased by 67%.
In addition to that, the report states that the number of placed wagers on the company’s services has also increased in Q3. For the said quarter it reached 7,690,000 which is a 39% improvement over the 5,520,000 in the previous quarter. Meanwhile for the said quarter operator hold also increased by 77% from Q2. All of this, suggests that the company is recovering well after the 2020 hiatus.
Darcy Krogh, CEO of Playgon Games Inc. stated that the results from Q3 of 2022 are record-setting ones for the company which is a rather new one, as it launched in May 2021. He said that with core integration and more operators going online in the current quarter, the company expects to record an increase in its KPIs to become the norm.
- Working on Further Expansion
As a newly launched gaming supplier, Playgon is working hard on expanding its services to new and regulated territories. For instance, in May, the B.C. provider announced that it has filed an application to the Alcohol and Gaming Commission of Ontario, to become a licensed gaming-related supplier in the province’s iGaming market for private betting brands.
At the end of September, the B.C. firm informed that there has been development on its June agreement with Markor Technology. Now, Playgon’s subsidiary VegasLounge has gone online with Markor Technology thus adopting industry-leading proprietary mobile-first live dealer and e-table offering to its offerings and making it available to its long list of international clients.
At the start of the integration, content has been launched to one of the largest European operators which operate in more than 150 countries. Mr. Krogh said that the integration was quick and easy and so far, operators have demonstrated great interest in its product. The company is now looking forward to working with Markor and achieving many great things together.
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