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Playgon Games Inc V.DEAL

Alternate Symbol(s):  PLGNF

Playgon Games Inc. is a Canada-based software as a service (SaaS) technology company. The Company is focused on developing and licensing digital content for the iGaming market. The Company provides a multi-tenant gateway that allows online operators to offer their customers iGaming software solutions. Its software platform includes Live Dealer Casino, ETable games (Live Dealer Product) and Daily Fantasy Sports (DFS). Its mobile-first platform allows operators to offer their customers a DFS. The Company’s E-Table games include Blackjack, Tiger Bonus Baccarat, Baccarat and Roulette. Its DFS platform is built for regulated markets, which offers operators, and their customers Daily Fantasy product. It operates network contests whereby the combined player bases of all operators participate and share liquidity. The Company offers solutions for online casinos, sportsbook operators, land-based operators, media groups, and big database companies.


TSXV:DEAL - Post by User

Post by LosWageson May 09, 2021 11:32pm
174 Views
Post# 33163053

Monkey see Monkey Do

Monkey see Monkey DoLooks like Vancouver office is run like Vegas Studio
 
On December 14, 2020, Devkey Consulting Limited (“Devkey”), a company controlled by the former CFO of Playgon Paul Dever, initiated a civil claim against the Company in the Supreme Court of British Columbia (the “Court”) for failure to pay monthly fees and invoiced expenses from July 2018 to August 2020 and an unpaid severance amount upon termination of his consulting contract. The claim was for €231,569 (CAD - $373,613) and on December 16, 2020, the Court ordered the full amount claimed be garnished from the Company and paid into court until a judgement on the claim is reached. The Company has retained legal counsel regarding this matter and strongly believes the garnishment order will be lifted. As at December 31, 2020, the Company has recorded the full amount of the garnishment as “Other Assets” on the consolidated statement of financial position.
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