Playgon Games Inc's Vegas Lounge live dealer casino draws in thousands of visitors in its first month
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Vegas Lounge offers live dealer casino games, including roulette, baccarat and blackjack
Playgon Games Inc (CVE:DEAL) (OTCQB:PLGNF) (FRA:7CR) has released a corporate update, revealing that since its virtual Vegas Lounge opened in May, more than 6,000 unique visitors made over 220,000 bets using the company's live dealer technology.
As of the second quarter of 2021, Playgon had signed agreements with Intelligent Gaming, Swintt and Solid Gaming and successfully onboarded six operators that have begun generating revenue with Vegas Lounge.
In addition to the six operators that have onboarded with Playgon, the company said it has another 23 committed operators and aggregators that it expects to go live early in the third quarter. This includes the recently announced partnership with Solid Gaming, a division of Gamesys Group.
"We are seeing a rapid adoption of our proprietary mobile live dealer technology as both operators and online players actively seek out a modern and innovative mobile solution that had simply not been previously available in the market, until now," CEO Darcy Krogh said in a statement.
"With over 220,000 bets placed in just our first month of operations, we are confident that we have a solution that is garnering the attention of players globally and we are bracing to scale quickly. Considering our current base of aggregators and operators, we are well-positioned to meet our growth goals through the rest of this year and beyond."
The Vancouver-based company provides its operators with a multi-tenant gateway allowing them to offer their customers its live dealer casino, e-table games and daily fantasy sports. Live dealer casino games include roulette, baccarat and blackjack.
"We have begun our operational ramp and based on the early metrics, management is encouraged that the company will see the full financial impact of this ramp-up by Q3 '21,” Krogh said.
"While still early in our revenue growth, the groundwork has been laid over the past 10 months to work alongside some of the largest iGaming companies globally and tap into emerging global trends with significant upside. We also continue to view the US market as an attractive opportunity and believe we are on track to formalize our US strategy in the second half of this year."
