- Research and Markets released new online gaming industry report, expecting significant growth with CAGR of 11.94% between 2021-2026
- Swedish University study suggests rapid growth in online gaming resulted from COVID-19 lockdowns
- Grand View Research report predicts online gambling market will reach $127.3 billion by 2027
- PLGNF provides multi-tenant gateway that enables online operators to offer popular games that include Live Dealer Casino, E-Table Games, and Daily Fantasy Sports
- PLGNF’s privacy-focused software enables seamless integration at operator level, allows users to access the platform without sharing sensitive data or requiring app store download
Research and Markets recently released a report titled “Online Gambling Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021-2026)” that highlights future growth prospects for the online gaming industry (https://ibn.fm/dmk2N). Playgon Games (TSX.V: DEAL) (OTCQB: PLGNF), a SaaS technology company focused on developing and licensing digital content for the growing global iGaming industry, is positioned to take a significant share of the increasing market by offering a first-rate gaming experience while ensuring total user privacy.
According to the report, long-term interest in online gaming emerged due to COVID-19 lockdowns that drove consumers online to mediate the economic, social, and psychological effects of government restrictions. Specifically, research conducted by the Lund University in Sweden suggests that the forced closure of sporting events resulted in a surge of interest in online gambling platforms.
“In response to the closure of many gambling establishments, several operators went digital,” reads the summary of the report (https://ibn.fm/hqErc). “Many players expanded their online gambling offerings, and bingo operators moved their offerings online, which positively impacted the market.”
Analysts at Research and Markets expect a CAGR of 11.94% between 2021-2026, with online betting leading the sector as the fastest-growing segment during the forecast period. Innovations in technology such as artificial intelligence, machine learning, and cashless payments are expected to spur industry growth, along with a growing female segment contributing substantially to the increasing user base. According to Grand View Research, the online gambling market is expected to reach $127.3 billion by 2027 (https://ibn.fm/bKb1A), with much of that growth coming from the United States and Asia.
PLGNF provides an innovative multi-tenant gateway that enables online operators to offer users popular games such as Live Dealer Casino, E-Table Games, and Daily Fantasy Sports. The company’s proprietary software combines high-definition live streaming dealers with state-of-the-art augmented reality betting to provide an authentic casino experience based in Las Vegas. In addition, the company’s privacy-enhanced software enables seamless integration at the operator level while allowing users to access the platform without sharing sensitive data or requiring an app store download.
PLGNF’s products are ideal turn-key solutions for online casinos, land-based operators, sportsbook operators, media groups, and big database companies. With a portfolio of IP-protected assets and high barriers to entry, the company is positioned favorably within the rapidly growing iGaming industry.
For more information, visit the company’s website at www.Playgon.com.
NOTE TO INVESTORS: The latest news and updates relating to PLGNF are available in the company’s newsroom at https://ibn.fm/PLGNF
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