Playgon Games Inc goes live in South Africa’s $2.9B gaming market with Intelligent Gaming
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CEO Darcy Krogh said "this is a milestone achievement for the Playgon team as we penetrate a massive market opportunity”
Intelligent Gaming will distribute Playgon's Vegas Lounge premium suite of mobile live dealer casino games
Playgon Games Inc (CVE:DEAL) (OTCQB:PLGNF) (FRA:7CR), a technology company focused on delivering mobile live dealer technology to online gaming operators, announced that it had gone live in South Africa with digital content supplier Intelligent Gaming Pty Ltd (IGL).
Vancouver, British Columbia-based Playgon said Intelligent Gaming had a letter of certification and board approval from the regulators, granting it approval under their manufacturers license to offer Playgon's live dealer product to operators in the South African market. With the certification in place and integration completed, Playgon is now live with IGL in South Africa, said the company.
IGL is a top tier aggregator of content in the South African gaming market, which is pegged at $2.9 billion. “It supplies digital content to operators in South Africa, all of which will now have access to Playgon's live dealer technology,” said the company. IGL will distribute Playgon's Vegas Lounge premium suite of mobile live dealer casino games, aimed at both mobile users and operators.
The firm said the first IGL operator to offer Playgon’s live dealer technology will be Supabets (www.supabets.co.za), which is a leading sports betting and casino brand. It has a vast retail and digital business in South Africa and other African countries including Nigeria, Zambia, Ghana, Tanzania, and Zimbabwe.
"This is a milestone achievement for the Playgon team as we penetrate a massive market opportunity,” Playgon Games CEO Darcy Krogh said in a statement.
"We are confident that players in the South African market are immediately going to recognize the unique and innovative user experience offered by our technology.”
Krogh noted that growth of gaming on mobile devices “has been exponential,” and the company’s technology has been developed “to offer the optimal mobile experience.”
“We anticipate significant revenue in this market now that we have officially launched in South Africa, and are extremely excited to work with IGL to on-board operators over the coming months," Krogh added.
The South African gaming market is expected to generate gross gaming revenue in 2020 of C$2.9 billion and is expected to grow by a 6% compound annual rate. Casino games alone make up 72% of the revenue generated from gaming. The company cited that one in every ten South African participates in gaming.
"With regulatory approval in place, we are delighted to now have launched Playgon's Vegas Lounge premium suite of mobile live dealer casino games and provide our South African market with an exciting new offering," said Intelligent Gaming CEO Marc Plaxton-Harrison. "We believe Playgon will be extremely well received by our growing clientele."
