Playgon Games, the Canadian gaming supplier which specializes in delivering mobile live dealer technology to online casino operators, has announced its financial results for the second quarter of 2023 and the numbers show impressive growth.
The company reported that the first half of the year also brought increased player activity as the supplier forged new partnerships but also managed to get more out of the existing core customer base.
The three months of the second quarter brought Playgon Games revenues of 413,388 dollars, significantly higher than the 216,881 dollars it had managed to bring in during the second quarter of 2023.
Moreover, the full first half of the year brought the company revenues of 701,387 dollars, almost double compared to the 357,758 dollars which were generated during the first half of 2022.
Playgon Games also recorded a quarter-on-quarter revenue increase as the second quarter registered a 44 percent growth compared to the quarter which ended on March 31, 2023.
However, despite the revenue increase the company still recorded a net loss of 4,3 million dollars for the second quarter and 8,3 million dollars for the full first half of the year. The company attributed the losses to its continued investment in its Live Dealer platform, with most of the costs associated to its Las Vegas studio development team and staff.
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