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Global Daily Fantasy Sports Inc. announced that it has signed a definitive share purchase agreement with Vancouver-based Playgon Interactive Inc. to acquire all of the issued and outstanding common shares in exchange for equity in common shares in the capital of Global.
Playgon it’s a private technology company in the gaming market that has developed a suite of games that bring fun and entertainment in all casinos to all players, everywhere, with their unique and proprietary mobile first interface and the traditional desktop medium. It’s considered to be one of the best partners for online casinos looking to the future of gaming, thanks to its cutting-edge technology and operational practices.
In a live casino game, a human dealer runs the game in real time from a casino gaming table, that can be seen via a live streaming video link. Players can make a stake via their mobile device or through their laptops and they can communicate with the dealer in real time thanks to the software interface.
Darcy Krogh, CEO of Global, said: “The acquisition of Playgon brings to Global a cutting-edge technology that I’m very excited about and adds another unique product to our portfolio of B2B content. Playgon’s proprietary technology is flexible and applicable to both real money and social gaming markets. Live Casino is the innovation that best compliments the growth of online casino gaming. Technological advancements, increased connectivity, mobile gaming, along with positive regulations in the industry continues to open up new markets and fuel this online casinos growth.”
In fact, online casinos continues to be one of the fastest growing verticals within the online gaming market, with an annual growth rate during the same period of 13% and is estimated it accounts for annual gross gaming revenue of 12 billions of euros.
Guido Ganschow, the Ceo of Playgon said: “ I’m excited about our business combination and to work with Darcy and the Global team to build a diversified B2B business. There's a number of cross selling opportunities with our two products as they are focused in two of the biggest growing areas in online gaming, casinos and sports. Going public at this time for Playgon provides access to new capital to fund our vision to become a dominant player in the Live Dealer market with our innovative proprietary technology.”
