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Playgon Games Inc. (V:DEAL)

Business Focus: Internet Gaming

Get the company report for the most recent outlook updated daily

Insider Chart - Past 6 Months

Insider Filings

Latest 10 SEDI filings for DEAL within the last 6 months
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Company News

Jan 22, 2024 08:30 ET
Playgon Successfully Receives Gaming Laboratories International (GLI(R)) Certification for Its Live Dealer Games for Ontario
Vancouver, British Columbia--(Newsfile Corp. - January 22, 2024) - Playgon Games Inc. (TSXV: DEAL) (OTC Pink: PLGNF) (FSE: 7CR) ("Playgon" or the "Company"), a propriety SaaS technology company delivering 'state of the art' mobile live dealer technology and eTable games to online gaming operators globally, is pleased to announce it has successfully received GLI game certification for its live dealer games in accordance with the Alcohol and Gaming Commission Ontario ("AGCO") technical requirements. Completing this certification, along with the previous GLI certification for the Las Vegas studio, positions the Company for the commercial launch into the growing Ontario online gaming market. Additional jurisdictions will be completed over time and in stages as required when the Company gets closer to customer launches; Currently they include Colombia, Italy and Mexico.
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Dec 29, 2023 18:13 ET
Playgon Announces Closing of Non-Brokered Private Placement of Unsecured Convertible Debentures
Vancouver, British Columbia--(Newsfile Corp. - December 29, 2023) - Playgon Games Inc. (TSXV: DEAL) (OTC Pink: PLGNF) (FSE: 7CR) ("Playgon" or the "Company"), a propriety SaaS technology company delivering mobile live dealer technology to online gaming operators globally, is pleased to announce that, further to its press release on November 30, 2023, it has completed a non-brokered private placement of unsecured convertible debentures (the "Debentures") for aggregate gross proceeds to the Company of CAD$4,971,000 (the "Non-Brokered Offering"). The Debentures will mature on December 29, 2024 and each $1,000 principal amount of Debenture will bear simple interest at 10% per annum, calculated and paid quarterly in arrears. The Company may, at its sole discretion, subject to the approval of the TSX Venture Exchange (the "TSXV"), elect to pay the accrued interest in cash or in common shares of the Company ("Common Shares") at a price per share equal to the 25-day VWAP of the Common Shares on the TSXV (or such other stock exchange where the majority of trading volume occurs) immediately preceding the date interest is due, subject to such deemed issuance price being no less than the maximum allowable discount permitted by the TSXV. Holders of Debentures will also be entitled to convert the principal amount of the Debentures at any time on or prior to the maturity date into Common Shares at a price of $0.05 per Common Share, subject to standard adjustments. The Debentures will not include any forced acceleration or early redemption rights by the Company. Any net proceeds raised from the Non-Brokered Offering is intended to be used by the Company to fund ongoing sales and marketing efforts in core European jurisdictions, to enter new markets including Latin America and North America, ongoing development costs, launch new proprietary table game content, as well as for general working capital and corporate purposes.
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Valuation Ratios

Industry
Sector
Beta
1.62
--
--
Price to Sales - TTM
5.26
8.16
4.29
Price to Book - most recent quarter
--
--
2.49
Price to Cash Flow per share - TTM
--
--
10.67
Price to Free Cash Flow per share - TTM
--
--
24.89
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Short Report

DateNumber of Shares ShortedNet Change
Mar 31, 20241,776-8,820
Mar 15, 202410,5960
Feb 15, 202457,41956,927
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Business Summary

Sector:  Technology Industry:  Online Services

Playgon Games Inc. is a Canada-based software as a service (SaaS) technology company. The Company is focused on developing and licensing digital content for the iGaming market. The Company provides a multi-tenant gateway that allows online operators to offer their customers iGaming software solutions. Its software platform includes Live Dealer Casino, ETable games (Live Dealer Product) and Daily Fantasy Sports (DFS). Its mobile-first platform allows operators to offer their customers a DFS. The Company's E-Table games include Blackjack, Tiger Bonus Baccarat, Baccarat and Roulette. Its DFS platform is built for regulated markets, which offers operators, and their customers Daily Fantasy product. It operates network contests whereby the combined player bases of all operators participate and share liquidity. The Company offers solutions for online casinos, sportsbook operators, land-based operators, media groups, and big database companies.

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