Vancouver, BC – December 17, 2020 –
Playgon Games Inc. (TSX-V: DEAL) (OTCQB: PLGNF) (Frankfurt: 7CR), and/or its subsidiaries (“Playgon” or the “Company”) is pleased to announce that, as part of its global rollout strategy, it has executed a Software Licensing & Distribution Agreement (“SLDA”) with SWINTT Malta Ltd., (“Swintt”) a subsidiary of Malta based Glitnor Group. The SLDA grants Swintt rights to license and market Playgon’s proprietary mobile first Live Dealer and E-Table Casino Games to its iGaming clients.
The Glitnor Group has rapidly become one of the fastest growing names in the iGaming industry through its experienced management team and extensive presence in Europe and Asia. Malta-based Swintt was established as the Glitnor Groups B2B business. It has since become a leading provider of content and Gamification tools to some of the largest gaming brands. They are an award-winning industry provider with a combination of proprietary and third-p
Global Online Gambling Market Could Exceed $125 Billion By 2027
PALM BEACH, Fla., Dec. 17, 2020 /PRNewswire/ Most would agree that it would be a safe bet to say that casinos have been losing money due to the global pandemic… Don t take that bet! Actually, the spread of COVID19 has accelerated the demand for online gambling. Moreover, increasing digitalization coupled with secure digital payment options are also some factors contributing to online gambling market growth. The market is further expected to gain momentum over the forecast period attributed to the rising use of digital currency and websites provided by companies for betting and gambling. Earlier this year, Grand View Research reported that in 2019 the global online gambling market size was valued at USD 53.7 billion and that they expected to grow at a compound annual growth rate (CAGR) of 11.5% from 2020 to 2027. Later they projected the revenues in 2027 to reach $127.3 billion by 2027. The report said that the mark