Playgon Enters into MOU and Commences Software Integration with Intelligent Gaming (PTY) Ltd. on its First Software Licensing-Distribution Agreement
Vancouver, B.C. – TheNewswire - October 7, 2020 – Playgon Games Inc. (TSXV:DEAL) / (Frankfurt:7CR) (“Playgon” or the “Company”) is pleased to announce that it has entered into an Memorandum of Understanding (“MOU”) with Intelligent Gaming (PTY) Ltd, a licensed manufacturer of gaming products. (“IGL”). The MOU outlines the acceptance by both parties of the agreed upon commercial terms and conditions, along with the commencement of the integration of Playgon’s proprietary mobile first ‘Live Dealer Solution and E-Table Games’ into IGL’s Gaming Platform, while the Software Licensing-Distribution Agreement (“SLDA”) is being finalized.
IGL is an aggregator of content in the South African gaming market. IGL through their platform distribute proprietary and third party content; i.e. Playgon’s mobile first Live Dealer software solution, to their gaming clients.
“The South African Gaming market is an incredible opportunity for Playgon” states Darcy Krogh, CEO Playgon Games Inc. “As we commence monetizing our mobile first Live Dealer games, we are very excited to integrate our software solution with one of the premier online gaming aggregators in South Africa”.
The South African Gaming Market is expected to generate gross gaming revenue in 2020 of R34.8 billion (CDN$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. South Africa has a very healthy gambling industry. One in every ten South Africans participates in gaming. *
Upon execution of the SLDA, Playgon will provide a further update.
About Intelligent Gaming (PTY) Ltd.
Intelligent Gaming (Pty) Ltd, a licensed manufacturer of gaming products was formed as a software development/software reseller company specializing in high technology software application development and sales within the Gaming industry. Their objective is to act as Technology Partner to companies operating in the retail and online gambling market, providing their customers with the highest quality software solutions and services together with all the tools they need in order to achieve their business goals. They are able to meet all of their customer requirements in accordance to the global market and worldwide internet communication rules by only developing and selling 4th generation technology, with the knowledge of the business and advanced architectures, they represent the most sophisticated software systems for the Gaming industry on the market today.
For further information, please bookmark the Company’s website at www.intelligentgaming.co.za as it is currently under re-construction.
About Playgon Games Inc.
Playgon Games Inc. (TSXV: DEAL) (FSE: 7CR) is a technology company focused on developing and licensing digital content for the growing iGaming market. The Company provides a multi-tenant gateway that allows online operators the ability to offer their customers innovative iGaming software solutions. Its current software platform includes Live Dealer Casino, E-Table games and Daily Fantasy Sports which through a seamless integration at the operator level allows customer access without having to share or compromise any sensitive customer data. As a true business to business digital content provider, the Company products are ideal turn-key solutions for online casinos, sportsbook operators, land-based operators, media groups, and big database companies.
For further information, please visit the Company's website at www.playgon.com.
For further information, contact: Mike Marrandino, Director Tel: (604) 722-5225 Email: firstname.lastname@example.org
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