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Playgon Games Expands Reach Through Hub88 Partnership

Posted on June 18, 2024 | 9:41 am
PLAYGON--Maker-of-VegasLounge™-SIGNS-MULTIJURISDICTIONAL-DEAL-WITH-GAMES-AGGREGATORHUB88

Playgon Games Inc., a prominent SaaS technology company specializing in cutting-edge mobile live dealer solutions for online gaming operators worldwide, has recently secured a partnership with Estonia-based aggregator Hub88.

According to the terms of this partnership, Playgon’s suite of live dealer games will be integrated into Hub88’s extensive network of global operators, significantly enhancing the distribution of its mobile-first live dealer tables.

Founded in 2017, Hub88 has built a reputation for its agile integration platform, which provides a single API to streamline all online gaming operations. Hub88’s platform offers access to numerous top-tier suppliers, thereby connecting a broad range of operators with leading providers.

Moreover, Hub88 enables casino managers to monitor performance metrics and key performance indicators (KPIs) in real-time via an iOS and Android mobile app. Its comprehensive back-office features include accounting, business intelligence, unified bonuses, and free spins functions, delivering a flexible solution that bridges the gap between operators and suppliers.

Ollie Castleman, Head of Hub88, expressed his enthusiasm about the collaboration, stating: “We’re delighted to add Playgon Games’ immersive VegasLounge™ to our content line-up, with its charismatic dealers and HD graphics sure to be a huge hit with players. By continuing to improve the breadth of our offering, we are giving operator partners the competitive edge needed to stay ahead in this age of rapid technological advancement. Playgon Games and its VegasLounge™ is a highly valued addition to our platform.”

Echoing this sentiment, Darcy Krogh, CEO of Playgon Games Inc., remarked: “We are thrilled to partner up with Hub88 and look forward to working with their team as we continue to expand our presence globally via the Hub88 platform and their extensive operator network in many markets.”

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Revenue Dip in First Quarter

In its financial report for the first quarter of 2024, Playgon Games Inc. presented a mixed performance. The company experienced a downturn in overall revenue following the closure of a significant operator account. However, there were encouraging indicators beyond this setback.

Playgon’s revenue for Q1 2024 amounted to $230,289, marking a 20% decline compared to the same quarter in the previous year. The company also noted a 12% increase in net loss, which rose to $4,489,773. While these figures might initially suggest a negative trend, a deeper analysis reveals a more nuanced picture.

The revenue decrease and some key performance indicators were primarily attributed to the loss of a single operator. Excluding the impact of this operator, Playgon observed a substantial 65% increase in wagering turnover among its existing customer base. This growth underscores the resilience of Playgon’s core business operations, indicating that the downturn was largely due to an isolated incident rather than a broad-based decline.

Source“PLAYGON, Maker of VegasLounge™, SIGNS MULTIJURISDICTIONAL DEAL WITH GAMES AGGREGATOR HUB88“Playgon Games. June 13, 2024.

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