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Playgon Games Eyes Global Expansion After MGA Greenlight
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Playgon Games Eyes Global Expansion After MGA Greenlight

Playgon Games Eyes Global Expansion After MGA Greenlight

Playgon Games’ dream of global expansion and reaching a wider audience just received a massive boost after the company was awarded a Type 1 Gaming Service License by the Malta Gaming Authority (MGA). With the Type 1 license, Playgon now has the greenlight to launch its premium Live Dealer technology across Europe and attract new players.

Playgon, a technology company focused on delivering mobile live dealer solutions to online gaming operators, described the awarding of the license as a significant milestone for the company as it is now able to begin generating revenue through previously announced agreements with Malta licensed entities.

The Vancouver-based Playgon’s core live dealer games include Baccarat, Roulette, Blackjack and the company's proprietary game Tiger Baccarat. 

 

Global reach

Darcy Krogh, CEO of Playgon Games, said: "We have already secured several commitments from both operators and aggregators that see the tremendous value in our technology and have patiently been waiting for us to get our Type 1 license. We anticipate going live in the coming days with some of these groups allowing access to what we believe is the most innovative and exciting mobile live dealer technology available in the market."

Krogh said for the rest of this year, focus will be on spreading the company’s reach globally, thanks to the MGA license.

“Basically, we’ve been in development mode, we’ve spent four years developing this product, we’ve got roughly $16 million invested in the technology and we’ve been getting ready to go live for the whole of last year. Now we can go operational,” he said in an interview.

Now, Playgon, he said, he was working on a U.S. strategy.

 

Key drivers

Krogh added that there had been massive growth in the gaming industry over the last few years, but this pales into comparison with the jump that the industry is experiencing at the moment. He said the growth was backgrounded by four key drivers. 

The drivers are the growth and development of technology, the easing of regulations in North America, the increased use of smartphones and the COVID-19 pandemic, which while forcing the closure of land-based casinos, drove players to online platforms.

At the tailend of 2020, Playgon entered into a deal with SWINTT Malta Ltd. Following the deal, SWINNT unveiled a mobile-first live dealer product, SwinttLive. SWINNT now offers Playgon Games’s diverse gambling offerings as well as e-table casino games that are likely to draw a bigger audience.

Live casino continues to be one of the sectors that is experiencing massive growth in the wake of the COVID-19 pandemic.

For example, in Canada Loto-Quebec enhanced its live online game selection by collaborating with Evolution Gaming. The live dealers are streaming from Latvia and Georgia for a truly immersive online gaming experience. In 2018, British Columbia Lottery Corporation announced that its provincially-run PlayNow.com online gambling site launched the first live dealer casino in British Columbia. The website offers a rich selection of 10 gaming tables. Players can play live baccarat, blackjack, roulette, auto roulette, and baccarat eSqueeze from any location for real money.

The global online gambling market is projected to grow 58 percent by 2023 to over $92 billion. In the United States forecasts of growth of online Sports betting and iGaming market is anticipated to reach between $10.9 billion to $12.9 billion by 2025. The fastest growing segment within the regulated online casino market is live dealer technology and is anticipated to grow 60 percent to $8 billion by 2023.


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