Playgon Games Attains GLI Certification for Ontario Market

Playground Games announced the successful acquisition of Gaming Laboratories International (GLI) certification for its Live Dealer games tailored for the Ontario market. Positioned as a Software as a Service (SaaS) technology firm specializing in mobile live dealer technology and eTable games, Playgon now aligns seamlessly with the regulatory standards set by the Alcohol and Gaming Commission of Ontario.

Headquartered in British Columbia, Playgon focuses on crafting and licensing digital content designed for the expanding iGaming sector. Boasting a comprehensive product suite encompassing Live Dealer Casino, E-Table games, and Daily Fantasy Sports, the company emerges as an ideal partner for online casinos, sportsbooks, and land-based operators.

With the recent GLI certification complementing its earlier accreditation for the Las Vegas studio, Playgon strategically positions itself for a forthcoming commercial launch in Ontario's competitive online gambling market.

The company's expansion roadmap includes gradual forays into additional territories, beginning with Mexico, where customer launches are imminent. Subsequent phases involve expansions into Colombia, Italy, and beyond.

Darcy Krogh, CEO of Playgon, expresses eagerness about entering the North American market, citing commitments to integrate its VegasLounge™ live dealer offering into Ontario. The GLI certification is the final prerequisite for Playgon's entry into the market, allowing the company to deliver content to regional operators.

Krogh notes that online casinos constitute over 70% of wagering and revenue in Ontario, making it a key market for Playgon. The company's strategic moves align with Ontario's burgeoning iGaming sector, which disclosed a noteworthy CA$35.6 billion in wagering handle and approximately CA$1.4 billion in revenue in the first year of legal iGaming.

In addition to the GLI certification announcement, Playgon's financial and operational report for Q3 2023 reveals robust performance.

The company reported revenues of CA$436,926 from its Live Dealer platform, marking a substantial 38% increase compared to the same quarter in 2022. Despite a net loss of CA$ 3,940,02 for the quarter, Playgon's growth is evident in key performance indicators, including a noteworthy wagering turnover of CA$ 446 million.

The report further details that the number of placed wagers in Q3 2023 reached 9.3 million, indicating a seasonal cooldown with an 8.8% decrease from the previous quarter. Playgon's strategic positioning, coupled with its positive financial indicators, sets the stage for a promising trajectory in the dynamic landscape of online gaming.