Business
Playgon Enters into MOU and Commences Software Integration with Intelligent Gaming (PTY) Ltd. on its First Software Licensing-Distribution Agreement
(TheNewswire) Vancouver, B.C. - TheNewswire - October 7, ...
About this update from Playgon Games, Inc.
[{"type":"text","content":"Playgon Enters into MOU and Commences Software Integration with Intelligent Gaming (PTY) Ltd. on its First Software Licensing-Distribution Agreement\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Vancouver, B.C. -\n \n \n TheNewswire -\n \n \n October 7, 2020 - Playgon Games Inc.\n(TSXV:DEAL\n \n \n )\n \n \n /\n \n \n (\n \n \n Frankfurt:7CR)\n \n \n (\"\n \n \n Playgon\n \n \n \"\n \n \n or\n \n \n the\n \n \n \"\n \n \n Company\n \n \n \") is\npleased to announce that it has entered into an Memorandum of\nUnderstanding (\"MOU\") with Intelligent Gaming (PTY) Ltd, a\nlicensed manufacturer of gaming products. (\"IGL\"). The MOU\noutlines the acceptance by both parties of the agreed upon commercial\nterms and conditions, along with the commencement of the integration\nof Playgon's proprietary mobile first 'Live Dealer Solution and\nE-Table Games' into IGL's Gaming Platform, while the Software\nLicensing-Distribution Agreement (\"SLDA\") is being\nfinalized.\n \n \n \n \n IGL is an aggregator of content in the South African\ngaming market. IGL through their platform distribute proprietary and\nthird party content; i.e. Playgon's mobile first Live Dealer software\nsolution, to their gaming clients.\n \n \n \n \n \"The South African Gaming market is an incredible\nopportunity for Playgon\" states Darcy Krogh, CEO Playgon Games\nInc. \"As we commence monetizing our mobile first Live Dealer\ngames, we are very excited to integrate our software solution with one\nof the premier online gaming aggregators in South Africa\".\n \n \n \n \n The South African Gaming Market is expected to generate\ngross gaming revenue in 2020 of R34.8 billion (CDN$2.9 billion) and is\nexpected to grow by a 6% compound annual rate. Casino games alone\nmake up 72% of the revenue generated from gaming. South Africa has a\nvery healthy gambling industry. One in every ten South Africans\nparticipates in gaming. *\n \n \n \n \n *www.techfinancial.co.za\n \n \n \n \n Upon execution of the SLDA, Playgon will provide a\nfurther update.\n \n \n \n \n About Intelligent Gaming (PTY)\nLtd.\n \n \n \n \n Intelligent Gaming (Pty) Ltd, a licensed manufacturer\nof gaming products was formed as a software development/software\nreseller company specializing in high technology software application\ndevelopment and sales within the Gaming industry. T...