BC-Based Pleasant Announces Third Quarter 2022 Financial Statistics

Most recently, British Columbia-based proprietary SaaS technology company Pleasant Games released its financial figures and operational highlights for the third quarter of 2022. 우리카지노탑 Once again, for the three months ended September 30, 2022, the Live Dealer Technology Supplier reported continued growth across the channel and built on the previous quarter.

Playgon, headquartered in Vancouver, B.C., is a SaaS technology brand that develops digital content for the iGaming industry. The software platform boasts premium live dealer casinos, E-Table games and daily fantasy sports delivered to online casinos, sportsbook operators, land-based operators, media groups and big data companies.

BC Corporation, in its report, disclosed revenue of C$316,222 for the three months ended September 30, 2022 and total revenue of C$673,980 for the nine months ended September 30, 2022 on the live dealer platform. Q3 Revenue was up C$99,341 from Q2 2022, representing a 45% increase in revenue.

Meanwhile, net losses for the quarter amounted to C$4,199,472, more than C$3,569,871 in the third quarter of 2021. The game provider also announced that it is continuing to invest in live dealer technology by raising the cost of development teams and Las Vegas studio employees to C$2,240,926. In comparison, the cost for the third quarter of 2021 was C$1,483,336.

In addition, company revenue averaged C$96.9 million in the third quarter, up 70% from C$57 million in the second quarter of 2022. The game provider also reported that the number of bets in the third quarter increased from 5.5 million in the second quarter to more than 7.69 million in the third quarter. This improvement translates to a huge increase of 39%.

Some of the operational highlights include a software licensing and distribution agreement with Global iGaming Aggregator Parliplay Limited effective September 7, 2022. This partnership allows the latter to add and promote Pleigen’s proprietary mobile first live dealers and e-table products to its content portfolio and now distribute them to all international partners.

Then, in late September, the company announced a new partnership with Markor Technology. As part of this agreement, BC providers were able to launch VegasLounge™ with Aggregator. Through integration, the product has been supplied to numerous operators, including one of the leading operators in Europe with access to more than 150 jurisdictions.

Harry Nizar, chief financial officer (CFO) of Vancouver iGaming Providers, said the company saw continued growth, with revenue rising 45% in the third quarter after strong Q2. In other words, this is due to strong betting volumes, with a 70% quarter-on-quarter surge in performance and a 39% increase in several indicators, including monthly sales.

Related Posts

Leave a Reply

Your email address will not be published.