Playgon signs multiyear licence deal with Studioworks

Executive Summary

• Playgon Games Inc. has signed a multi-year software development and licensing agreement with Studioworks OU, an Estonian provider of branded live-dealer studio environments.
• The agreement involves Studioworks licensing Playgon's legacy live-dealer solution while Playgon develops custom components and manages integration, maintenance, and technical support for Studioworks' interactive gaming platform.
• This partnership marks Playgon's return to active operations following a hiatus, aiming to generate consistent contractual revenue through licensing fees as platform activity grows.

Key Details

• Parties: Playgon Games Inc. (Licensor/Developer) and Studioworks OU (Licensee/Partner).
• Agreement Type: Multi-year software development and licensing agreement.
• Scope of Work:
  • Playgon delivers and supports its legacy live-dealer solution.
  • Playgon handles system set-up, integration work, and continuing platform maintenance.
  • Playgon manages installation, testing, operation, and server management.
  • Playgon develops connections to Studioworks' systems and third-party services.
  • Playgon assists with integrating Studioworks' promotional content and branding.
• Financial Terms:
  • Studioworks underwrites all operational expenses of the live-dealer studio environment.
  • Playgon receives licensing fees for the use of its technology.
  • Playgon does not own or operate the studio facilities; its role is limited to software provision and support.
• Strategic Context:
  • The deal is designed to align interests, support long-term scalability, and generate consistent contractual revenue for Playgon.
  • Studioworks spent 2025 developing new products and selected Playgon for its ability to deliver an unparalleled user experience on a mobile-focused level.
  • Playgon CEO Darcy Krogh stated the agreement marks an important milestone in returning to active operations after a lengthy hiatus during which the platform was enhanced and the games portfolio expanded.

Notable Quotes

• Darcy Krogh, CEO of Playgon Games: "This agreement marks an important milestone as Playgon returns to active operations following a lengthy hiatus, during which we enhanced our platform and expanded our games portfolio. We look forward to working closely with Studioworks to drive long-term recurring revenue and further demonstrate the scalability and global commercial potential of our legacy live-dealer solution."
• Craig Hilton, CEO of 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; we see real long-term value in Playgon's software and major growth potential for our innovative product with their support."