Vancouver-based software provider Playgon Games announced that it received GLI game certification for its live dealer games in compliance with Alcohol and Gaming Commission Ontario (AGCO) requirements. The certification enables Playgon to offer its software to online casino operators licensed in Ontario.
“We are excited to be part of this growing North American market,” said Darcy Krogh, Playgon Games CEO, in a press release. “We have a number of commitments to take our VegasLounge™ live dealer offering into Ontario, and this GLI certification was the last step we needed prior to the launch in this market. Casino gaming represents over 70% of wagering and revenues in Ontario, so this gaming jurisdiction is absolutely a key market for us.”
The software developer has focused on expanding in North America throughout the last 12 months. In December, it received its supplier’s license from AGCO, and in August, it signed a partnership with Pariplay to add its content to the aggregator’s Fusion platform.
Playgon has recently issued 10,645,000 common shares on the TSX-V stock exchange to settle $532,250 in aggregate debt related to interest on unsecured convertible debentures.
In a Related Party Transaction, Playgon has also issued 6 million shares to a person related to the company. However, due to the small amount of capital holding involved, the company was exempt from restrictions that usually apply to this type of transaction. At the close of trading, the share price was $0.05.