NetworkNewsBreaks – Playgon Games Inc. (TSX.V: D
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Posted On: 05/31/2022 5:07:53 PM
NetworkNewsBreaks – Playgon Games Inc. (TSX.V: DEAL) (OTCQB: PLGNF) (FSE: 7CR) Releases Q1 2022 Financial Report
Playgon Games (TSX.V: DEAL) (OTCQB: PLGNF) (FSE: 7CR), a propriety SaaS technology company delivering mobile-first live-dealer technology to online gaming operators globally, is reporting its first quarter 2022 financial numbers; the report is for the quarter ended March 31, 2022. Highlights of the report include company revenues of $140,877, which came from Playgon’s Live Dealer platform. The company noted that it saw increased player betting throughout the quarter, a strong indicator for future revenue growth. In addition, Playgon observed an increase in player win percentage resulting in reduced house margins. The company also reported loss for the quarter of $3,899,555, a slight increase from its March 31, 2021, number; Playgon also had cash on hand of $2,486,326 at the end of the quarter. In addition, operational highlights for the quarter included Playgon entering into a multijurisdictional software licensing and distribution agreement with Relax Gaming, its fourth European aggregator. The company also onboarded nine additional operators, bringing total operator count to 35, and appointed industry veteran Bobby Soper to its board of directors. “Q1 was another important quarter for Playgon,” said Playgon Games CEO Darcy Krogh in the press release. “We continued to see increased player activity throughout the quarter, and we exited with a healthy pipeline of new opportunities, which we expect to announce in due course. This will include entry into new markets for the company’s innovative mobile live dealer product that we are excited to enter.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Playgon Games (TSX.V: DEAL) (OTCQB: PLGNF) (FSE: 7CR), a propriety SaaS technology company delivering mobile-first live-dealer technology to online gaming operators globally, is reporting its first quarter 2022 financial numbers; the report is for the quarter ended March 31, 2022. Highlights of the report include company revenues of $140,877, which came from Playgon’s Live Dealer platform. The company noted that it saw increased player betting throughout the quarter, a strong indicator for future revenue growth. In addition, Playgon observed an increase in player win percentage resulting in reduced house margins. The company also reported loss for the quarter of $3,899,555, a slight increase from its March 31, 2021, number; Playgon also had cash on hand of $2,486,326 at the end of the quarter. In addition, operational highlights for the quarter included Playgon entering into a multijurisdictional software licensing and distribution agreement with Relax Gaming, its fourth European aggregator. The company also onboarded nine additional operators, bringing total operator count to 35, and appointed industry veteran Bobby Soper to its board of directors. “Q1 was another important quarter for Playgon,” said Playgon Games CEO Darcy Krogh in the press release. “We continued to see increased player activity throughout the quarter, and we exited with a healthy pipeline of new opportunities, which we expect to announce in due course. This will include entry into new markets for the company’s innovative mobile live dealer product that we are excited to enter.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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