Playgon Games Inc has received the Type 1 Gaming Service License approval from the Malta Gaming Authority and has announced it.
Officially now, Playgon will launch its Live Dealer technology solutions throughout Europe and other regulated markets. Core live dealer games of Playgon includes Roulette, Baccarat, Tiger Baccarat and Blackjack. In the iGaming industry, one of the first growing content suppliers is the agreement with SWINTT Malta Ltd, the company previously announced it. The company’s roster of online betting operators will now begin to offer Playgon’s technology.
Playground Receives Type 1 License
“from the MGA we secured our additional Type 1 license, and we will begin to generate revenue and are cleared to go live. From both the aggregators and operators, several commitments we have secured already. In our technology we see tremendous value and patiently we have been waiting for us to get our Type 1 license. With some of these groups we will go live in coming days as we anticipate it.” CEO of Playground Games, Darcy Krogh, said this.
Krogh added that “ to the operators, we continue to market our technology, and we see the excitement and overwhelming demand for our product. This confirms that to hit the market in years, our product is one of the unique solutions.
Through a stringent review process, the gambling regulatory authority MGA provides the globally recognized and top-tier gaming license. Playground receives the approval for the MGA license, and through this, it will receive additional credibility. Worldwide in Europe and other regulated markets, it will receive different facility as a trusted wagering technology supplier.
By 2023, 58 per cent growth projected in the global online betting market to over $92B. The growth forecast made by the United States that, by 2025, the iGaming market and online sports betting anticipated to reach between $10.9B to $12.9B. Within the regulated online casino market, the fastest-growing segment is live dealer technology. By 2023, the live dealer technology segment anticipated growing by 60 per cent to $8B. There is an overwhelming demand for this technology to the operators as it’s the unique solution in the market.
