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An announcement from Playgon Games ( (TSE:DEAL) ) is now available.
Playgon Games has signed a multi-year software development and licensing agreement with Estonia-based Studioworks OÜ, under which Studioworks will license Playgon’s legacy Live Dealer Solution and have Playgon build custom components for its interactive gaming platform. Playgon will handle system setup, integration, maintenance, server management and ongoing technical support, while Studioworks will cover all operational costs for the live dealer studio and pay licensing fees, positioning the deal to generate scalable, recurring contractual revenue for Playgon as the platform ramps up following its return to active operations.
The most recent analyst rating on (TSE:DEAL) stock is a Sell with a C$0.01 price target. To see the full list of analyst forecasts on Playgon Games stock, see the TSE:DEAL Stock Forecast page.
Spark’s Take on TSE:DEAL Stock
According to Spark, TipRanks’ AI Analyst, TSE:DEAL is a Underperform.
The overall stock score is primarily impacted by the company’s poor financial performance, with significant declines in revenue and negative profitability margins. Technical analysis indicates a bearish trend, and the valuation is unattractive due to a negative P/E ratio. While corporate events show potential strategic improvements, they are not enough to offset the current financial challenges.
To see Spark’s full report on TSE:DEAL stock, click here.
More about Playgon Games
Playgon Games Inc. is a Vancouver-based SaaS technology company specializing in developing and licensing digital content for the global iGaming market. Its multi-tenant platform delivers mobile-focused live dealer casino and e-table games to online operators via seamless integration that preserves customer data privacy, targeting online casinos, sportsbooks, land-based gaming operators, media groups and other large database companies seeking turnkey iGaming solutions.
Average Trading Volume: 140,796
Technical Sentiment Signal: Sell
Current Market Cap: C$2.43M
For detailed information about DEAL stock, go to TipRanks’ Stock Analysis page.