- Company receives clearance to officially launch
iGaming technology in Multiple European Markets -
VANCOUVER, BC, March 10, 2021 /CNW/ - Playgon Games Inc.
(TSXV: DEAL) (OTCQB: PLGNF) (Frankfurt: 7CR) and/or its subsidiaries
("Playgon" or the "Company"), a technology company focused on
delivering mobile live dealer solutions to online gaming operators,
is pleased to announce that it has received approval from the Malta
Gaming Authority ("MGA") for its Type 1 Gaming Service License.
This marks a significant milestone for the Company as it is now
able to begin generating revenue through previously announced
agreements with Malta licensed
entities.
The MGA is a gambling regulatory authority that provides
top-tier, globally recognized, gaming licenses through a stringent
review process. With the MGA license, Playgon will receive
additional credibility as a trusted betting technology supplier in
Europe and other regulated markets
globally.
Playgon will now officially launch its Live Dealer technology
solutions throughout Europe and
other regulated markets. Playgon's core live dealer games include
Baccarat, Roulette, Blackjack and the Company's proprietary game
Tiger Baccarat™. The Company's previously announced agreement with
SWINTT Malta Ltd., (see NR 12/17/2020) one of the fastest growing
content suppliers in the iGaming industry, can now begin to offer
Playgon's technology to their roster of online gaming
operators.
"With our additional Type 1 license secured from the MGA, we are
cleared to go live and begin generating revenue," said Darcy Krogh, CEO of Playgon Games. "We have
already secured several commitments from both operators and
aggregators that see the tremendous value in our technology and
have patiently been waiting for us to get our Type 1 license. We
anticipate going live in the coming days with some of these groups
allowing access to what we believe is the most innovative and
exciting mobile live dealer technology available in the
market."
Mr. Krogh added, "As we continue to market our technology to
operators, we are seeing overwhelming demand and excitement that
confirms our product is one of the most unique solutions to hit the
market in years."
The global online gambling market is projected to grow 58% by
2023 to over $92B.1 In
the United States forecasts
of growth of online Sportsbetting and iGaming market is
anticipated to reach between $10.9B
to $12.9B by
2025.2 The fastest growing segment within
the regulated online casino market is live dealer technology and is
anticipated to grow 60% to $8B by
2023.3
1 www.statista.com
|
2 www.vixio.com
|
3 www.h2gc.com
|
About Playgon Games Inc.
Playgon Games Inc. (TSXV: DEAL / OTCQB: PLGNF / FSE: 7CR) is a
technology company focused on developing and licensing digital
content for the growing iGaming market. The Company provides a
multi-tenant gateway that allows online operators the ability to
offer their customers innovative iGaming software solutions. Its
current software platform includes Live Dealer Casino, E-Table
games and Daily Fantasy Sports which through a seamless integration
at the operator level allows customer access without having to
share or compromise any sensitive customer data. As a true business
to business digital content provider, the Company products are
ideal turn-key solutions for online casinos, sportsbook operators,
land-based operators, media groups, and big database companies.
_____________________________
For further information, please visit the Company's website
at www.playgon.com.
Playgon Games Inc.
Per "Darcy Krogh"
Darcy Krogh, President and
CEO
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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content:http://www.prnewswire.com/news-releases/playgon-receives-type-one-malta-gaming-authority-license-301244443.html
SOURCE Playgon Games Inc.