Playgon Games (TSX-V:DEAL, OTCQB:PLGNF) Inc said it has prepared itself for the growth of its mobile-first live dealer technology for online gaming operators having invested significantly in its development team and Vegas studio casino staff during 1Q.
During the quarter ending March 31, 2022, the company invested $1.7 million in additions to its development team and Vegas studio staff, positioning the company to on-board additional operators and manage expected growth.
Other highlights from the quarter include the onboarding of an additional nine operators, bringing the total operator count to 35, and the signing of a multijurisdictional software licensing and distribution agreement with European aggregator Relax Gaming.
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Playgon reported revenue of $140,877 for the quarter compared to nil revenue for the year-ago quarter from its live dealer platform.
Playgon CEO Darcy Krogh said the company continued to see increased player activity through the quarter and exited with a healthy pipeline of new opportunities that it expects will be announced in due course.
“This will include entry into new markets for the company’s innovative mobile live dealer product that we excited to enter,” Krogh said.
The company reported a loss for the quarter of $3.9 million, compared to $3.5 million for the same period in 2021.
Playgon Games (TSX-V:DEAL, OTCQB:PLGNF) is a SaaS technology company focused on developing and licensing digital content for the growing iGaming market.
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