Missed Ecommerce Boom... Online Gaming Looming Nex
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very generation is witness to some type of earth-shattering developments, many from which investors can benefit.
For the demographics that made up the Depression Era, the world may have moved slower than today, but those decades still gave way to monumental breakthroughs such as insulin, television, solar cells, antibiotics, hard drives and much more — even sliced bread.
From Gen X forward, the internet became part of everyday life, with one technology accelerating the development of the next to reshape how the world functions. Online shopping effected physical malls so significantly that Newsweek declared them obsolete in 2008. In fairness, no change in a multitrillion-dollar industry happens overnight, and brick-and-mortar store sales still outstrip those online, but ecommerce sales continues to grow each year. Those who missed the early days of ecommerce can take heart that new technologies are disrupting other huge industries, including the gaming market. In the business-to-business segment, Software-as-a-Service (SaaS) technology company Playgon Games Inc. (TSX.V: DEAL) (OTCQB: PLGNF) (Profile) is emerging as a leader, developing and licensing unique digital content for the iGaming market for companies. The market is massive in scale, with companies and consumers clamoring for gaming content from the likes of Playgon, Rush Street Interactive Inc. Class A (NYSE: RSI), MGM Resorts International (NYSE: MGM), Las Vegas Sands Corp. (NYSE: LVS) and Evolution ADR (OTC: EVVTY), especially after the COVID-19 pandemic shook the market hard, causing a spike in users that caught many gaming providers off guard.
Grandview Research estimates that global online gaming revenue stood at $75 billion in 2021 and will reach $127.3 billion by 2027.
With its mobile-first, streaming, high-definition platform, Playgon is disrupting the $6 billion live-dealer casino market.
Playgon has already cleared the high barrier of market entry, with its platform of more than two dozen live operators in Europe and South Africa.
Playgon offers a complementary suite of eTable games and is also in the $20 billion DFS market with turnkey product for daily fantasy sports.
✔️ Missed Ecommerce Boom... Online Gaming Looming Nex
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