BC-Based Pleagon Reveals Third Quarter 2022 Financial Statistics

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Most recently, British Columbia-based proprietary SaaS technology company Pleagon Games released its third-quarter 2022 financial figures and operational highlights. Once again, for the three months ended September 30, 2022, the Live Dealer Technology Supplier reported continued growth across the channel based on the previous quarter.

Based in Vancouver, B.C., Playgon is a SaaS technology brand that develops digital content for the iGaming industry. Its software platform boasts premium live dealer casinos, E-Table games and daily fantasy sports, which are available to online casinos, sportsbook operators, land-based operators, media groups and big database companies in the field. 온라인카지노

In a report, the B.C. Company disclosed revenue of C$316,222 for the three months ended September 30, 2022, and total revenue of C$673,980 for the nine months ended September 30, 2022. Revenue in the third quarter was up C$99,341 from Q2 2022, representing a 45% increase in revenue.

Meanwhile, net loss for the quarter reached C$4,199,472, more than C$3,569,871 in the third quarter of 2021. The game provider also raises the cost of its development team and Las Vegas studio staff to C$2,240,926, indicating that it continues to invest in live dealer technology. In comparison, the cost in the third quarter of 2021 was C$1,483,336.

In addition, the company’s third-quarter revenue averaged C$96.9 million, up 70% from C$57 million during the second quarter of 2022. The game provider also reported that the number of bets in the third quarter increased from 5.5 million in the second quarter to 7.69 million in the third quarter. This improvement has led to a significant increase of 39%.

Starting September 7, 2022, software licensing and distribution agreements with Global iGaming Aggregator Pariplay Limited will be included in some of the operational highlights. The partnership allows the latter to add and promote Playgon’s exclusive mobile-first live dealers and e-table products to its content portfolio, and now distribute them to all international partners.

Then in late September, the company announced a new partnership with Markor Technology. As part of this agreement, B.C. suppliers were able to launch VegasLounge™ with Aggregators. Through this integration, we have supplied our products to a number of operators, including leading operators in Europe with access to more than 150 jurisdictions.

Chief Financial Officer (CFO) Harry Nizar of Vancouver’s iGaming Provider said third-quarter revenue grew 45% after a strong second quarter. This is due to the strong performance on several indicators, including a 70% surge in monthly sales and a 39% increase in betting volume compared to the previous quarter.

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