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Playgon Games (TSXV:DEAL) scores record month to end record quarter

Market News, Media
TSXV:DEAL
03 April 2023 09:14 (EDT)

Playgon Games (DEAL) attained significant milestones for the month of March and Q1 2023.

Playgon’s player activity continues to scale at its live dealer tables as the month of March was a record-breaker in wagering of $145,000,000, which betters the company’s previous best month by 30 per cent. The daily wagering average for the month was another new record for Playgon, increasing to $4,600,000, a 31 per cent increase over the previous best daily wagering average for a month.

The company’s quarterly wagering turnover increased from $275,000,000 in Q4 2022 to $334,000,000 in Q1 2023, representing a 21 per cent increase. The average daily wagering turnover increased from $3,000,000 in Q4 2022 to $3,700,000 in Q1 2023 representing a 23 per cent increase.

Playgon Games’ President and CEO, Darcy Krogh, stated that these record-breaking numbers for the company were led by its best month since going live.

“Our integration pipeline is strong, we continue to on-board customers, and our business is scaling. This is an exciting time for Playgon, we look forward to announcing entry into new markets and new partnerships very soon.”

Playgon Games is a software-as-a-service (SaaS) technology company which focuses on developing and licensing digital content for the growing iGaming market.

Playgon Games Inc. (DEAL) opened trading at C$0.10 per share.

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