Playgon Games (DEAL.V) is a software as a service company that has an exciting live dealer product. Before we get into that, let me explain the basics. Playgon combines live streaming, social media and games of chance (gambling, sports betting, e-sports betting) all in one product as software for the igaming industry. Bets are not placed with the company. What Playgon does is license out their product to customers in the igaming industry. We are talking mainly casinos.
If casinos or other operators want some sort of online presence, then Playgon is a match made in heaven. Simply put, you sign in on the casinos or operators website, and then you can play games with a LIVE dealer.
Yes folks, I said live dealers. You can play Baccarat, Roulette, or Blackjack from the comfort of your home, while interacting with live dealers via comments. Interacting with a REAL person, not some avatar. I think this point needs to be stressed in this world of numerous online avatars.
Playgon has big growth potential and it is easy to scale. In fact, operators are signing on. Back in the early weeks of August, we got news that Playgon doubled live operators from 7 to 14, with 15 more expected to sign on by the end of 2021. Operator count continued to grow at an accelerated pace with 3 more clients joining onboard on September 29th 2021. Recent headlines details Playgon going live with Solid Gaming, which is a market leader in providing exclusive and high performing RNG games, live dealer solutions and betting offerings for the online gambling industry.
It should be noted that the stock definitely got some attention during the pandemic days. When people had to stay home. Playgon and their igaming software had a bullish case. Some may say with casino’s re-opening, people will prefer to head down and gamble in person. True, but I don’t think one should underestimate the shift in gambling trends due to the pandemic. Many people were introduced to gambling and sports betting on their phones during those days. There will always be a market for it. And think about it, you might run into some unsavory characters at the tables if you go to a casino late in the day.
Stock wise, Playgon had a strong start into the year, but tapered off after hitting of $0.81 in March. It has been downhill from then…even with the company announcing news of adding operators. We are now beginning to form a base and support here at $0.25. This provides an enticing opportunity for an entry. The stock has held this support since mid July. What we need is a catalyst. The truth is that there are a lot of competitors when it comes to the esports betting sector. But Playgon’s Live Dealer is what you are betting on. So I say again, the company has announced new operators, but it hasn’t done much to prop the stock or reverse the trend. Revenues is what the market wants to see. The numbers. Until then, keep Playgon on your watchlist. The technical level here is very enticing.
