Playgon Games Inc enters into software license and distribution deal with Gamesys Group PLC subsidary Solid Gaming
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Solid Gaming will add and market Playgon's proprietary mobile-first live dealer and E-table offerings under the Vegas Lounge brand to its content library for distribution to all of Solid Gaming's global client base
The agreement is for three years with license fees based on commercial revenue sharing rates
Playgon Games Inc (CVE:DEAL) (OTCQB:PLGNF) (FRA:7CR) said it has signed, through its distribution partner, a software license and distribution agreement with Isle of Man-based Solid Gaming.
Under the agreement, Playgon said Solid Gaming will add and market Playgon's proprietary mobile-first live dealer and E-table offerings under the Vegas Lounge brand to its content library for availability and distribution to all of Solid Gaming's global client base.
The agreement is for three years with license fees based on commercial revenue sharing rates, said Playgon, noting that integration work is already complete and client on-boarding will start immediately.
"Playgon has enhanced Live Dealer casino games by bringing a highly innovative product with cutting-edge features and functionality to the mobile generation of live gaming,” said Ben Wood, director of Solid Gaming, in a statement. “They fit perfectly in our goal of offering a game for everyone and we believe will resonate very well with our clients."
Formed in 2017, Solid Gaming, a subsidiary of London-listed Gamesys Group PLC, has become a market-leading aggregator that provides operators with digital content and supports some of the largest gaming brands in the market, with an emphasis on Asian-market focused operators.
"Partnership with Solid Gaming is a major achievement for our company and significant validation of the innovation we are bringing to the live dealer market," said Darcy Krogh, president and CEO of Playgon Games.
"This partnership will give our Company an extensive reach in highly lucrative key markets, and we expect it will play a significant role in our revenue growth this year. Our live dealer technology is garnering the attention of some of the largest operators globally. As our growth journey has recently commenced, we are already seeing a clear path to rapidly scale our business through our current signed partnerships and numerous other active discussions," Krogh added.
