Playgon launches us strategy with engagement of Duane Morris

Playgon Games, the technology company focused on delivering mobile live dealer technology to online gaming operators, has initiated its Us strategy by engaging Duane Morris to represent the Company in its application process to license its Live Dealer technology for the Us market.

iGaming and Sport Betting in the US is expected to exceed $12.9B in total addressable market size by 2025 as more and more US States begin to legalize online gambling.The Us currently has 5 States where iGaming is legalized with several more States currently considering legislation that would see this market expand further. Live Dealer currently represents one of the fastest growing segments of the iGaming casino market globally expected to grow at a 60 percent Cagr by 2023 to $8B in gross revenue. Playgon will submit applications in three Us States where iGaming is legal – New Jersey, Pennsylvania and Michigan. Upon receiving the license, Playgon will be able to license and operate its proprietary Live Dealer technology and expects to formalize licensing deals with gaming operators in each State. Live Dealer technology is currently offered in limited capacity in US States that offer iGaming, the Company anticipates considerable demand for its mobile focused Live Dealer casino games which include Roulette, Baccarat and Blackjack. “The US has quickly become a blue sky opportunity for the Company and we have elected to enter the US much faster than initially anticipated,” said Darcy Krogh, CEO of Playgon Games. “We are now in the process of pursuing licenses in New Jersey, Pennsylvania and Michigan for our Live Dealer technology and are confident that Duane Morris will successfully guide us through the process. In tandem, we will remain in active conversations with operators throughout the US to increase interest and opportunities while also focusing on going live and developing business in the regulated markets we are currently approved in.”