Playgon Signs Multi-Year Software Development and Licensing Agreement with Studioworks OU to Deliver Live Dealer Technology

Executive Summary

• Playgon Games Inc. has entered into a multi‑year Software Development and License Agreement with Estonia‑based Studioworks OÜ to license Playgon’s legacy Live Dealer Solution and develop custom components for Studioworks’ iGaming platform.
• The agreement provides Playgon with recurring licensing fees and positions the company back into active operations after a hiatus, supporting long‑term scalable revenue growth.
• Studioworks will cover all operational expenses of its live‑dealer studio environment, while Playgon is responsible solely for software delivery, integration, maintenance, and server management.

Key Details

• Parties: Playgon Games Inc. (TSXV: DEAL) and Studioworks OÜ.
• Agreement Scope:
• License of Playgon’s legacy Live Dealer Solution to Studioworks.
• Development of custom software components for Studioworks’ interactive gaming platform.
• Full delivery, integration, testing, installation, ongoing maintenance, server management, and technical support by Playgon.
• Financial Terms:
• Studioworks will underwrite all operational expenses of the live‑dealer studio environment.
• Playgon will receive licensing fees tied to usage of its technology (specific fee structure not disclosed).
• Revenue Model: Recurring contractual revenue for Playgon based on platform activity and licensing fees.
• Operational Responsibilities:
• Playgon handles software setup, integration with Studioworks’ systems and third‑party services, promotional content branding, secure remote access, and infrastructure stability.
• No ownership or operation of the physical studio facilities by Playgon.
• Strategic Significance: Marks Playgon’s return to active operations after a lengthy hiatus, aiming to demonstrate scalability and global commercial potential of its Live Dealer Solution.
• Quotes:
• “This agreement marks an important milestone as Playgon returns to active operations… we look forward to driving long‑term recurring revenue.” – Darcy Krogh, CEO, Playgon Games.
• “Playgon Games have shown to be by far the best option for content delivery for us… we see real long‑term value and major growth potential.” – Craig Hilton, CEO, Studioworks.

Notable Quotes

• Darcy Krogh, CEO, Playgon Games: “We are pleased to partner with Studioworks… This agreement marks an important milestone as Playgon returns to active operations following a lengthy hiatus…”
• Craig Hilton, CEO, Studioworks: “Playgon Games have shown to be by far the best option for content delivery for us. We are exponentially pleased to commence this partnership…”