CashBet Launches Real-Money Online Gambling Platform in UK and Announces Plans for US
May 06 2014 - 9:00AM
Business Wire
Game developers can tap into real-money
gambling in the United Kingdom, and later this year in New Jersey,
through a new monetization, licensing, and compliance platform
CashBet today officially launched its real-money online gambling
platform in the United Kingdom following permissions granted by the
Alderney Gambling Control Commission. The first game to go live on
CashBet’s platform will be Casino Island Adventure from leading
developer Gamzio, Inc. (OTCQB:GAMZ). Additionally, CashBet is now
eligible for a transactional waiver in the state of New Jersey and
is actively seeking a New Jersey land-based casino partner to
launch its offering this year. The company is in discussions with
several Atlantic City casinos for online expansion. CashBet is now
widely accepting applications from game developers to launch on its
mobile gambling platform.
“Every publisher and developer we speak with is interested in
entering the online gaming market, but is concerned about the
barriers to entry, such as compliance and security. We’re
continuing to build the most trusted platform for mobile gambling,
and we have a highly experienced team that deeply understands what
'Real Money Play' is all about. Given our experience and platform
offering, we make it easy for developers to focus on making great
games while accessing one of the largest growing markets
worldwide,” said Dr. Mike Reaves, CEO and co-founder of
CashBet.
“CashBet's turn-key platform has allowed Gamzio to quickly
expand into the fast-growing mobile casino industry. We are looking
forward to launching our first real-money game on the App Store,
Casino Island Adventure, using CashBet's eGambling technology,”
said Jay Deiboldt, CEO of Gamzio, Inc.
In its continued effort to bring fresh content into real-money
gambling markets, CashBet has signed an agreement with the UK
company, Reflex Gaming Limited, to bring the company’s fruit
machines online for real-money play on mobile devices. Mobile game
development studio, Furywing has also signed on to launch with
CashBet’s proprietary platform in the UK for access to the growing
online gambling market.
“With CashBet’s proprietary platform and our unique gaming
content, players will receive an unmatched mobile gambling
experience. Keeping our players engaged is one of the key factors
for ensuring our success in gaming,” said Quentin Stott, CEO of
Reflex Gaming Limited. The UK-based company recently launched the
free-to-play version of its Fruit Machines game in the App Store
and it has quickly become one of the most successful apps of its
category in the UK.
“Expanding our network of differentiated gaming content is a key
goal for the company. We’ll continue to bring on leading
development studios to achieve this,” said Dr. Reaves.
CashBet’s platform launches in the UK with world-class network
and physical security. Partnered with some of the leading vendors
in online gambling, CashBet's systems are robust, secure,
compliant, and feature aggressive anti-fraud operations, to protect
both players and the integrity of CashBet’s partners.
The latest mobile gaming report from Juniper Research reveals
there were approximately 63 million unique users of mobile gambling
services worldwide in 2013, and foresees 100 million additional
users accessing mobile gambling products by 2018. CashBet is
focused on building the world’s most trusted brand for mobile
gaming while bridging the gap between social and mobile play and
online gambling.
To learn more about CashBet and sign up for access to the SDK,
visit www.cashbet.com.
About CashBet
Founded in 2012, CashBet is a leading software platform provider
and turnkey operator, enabling online gambling for social and
mobile games. CashBet is licensed by the Alderney Gambling Control
Commission. By incorporating CashBet’s Game Development Kit (GDK)
software, developers can tap into the online gambling market,
accessing our turnkey platform, which delivers licensing,
compliance, player verification, and banking features needed to
enable real-money gaming. California-based CashBet is led by
veterans of the online gambling industry with expertise in legality
and compliance, including CEO and co-founder Dr. Mike Reaves and
CTO and co-founder Dr. George Weinberg. For more information,
please visit www.cashbet.com.
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For CashBetKate Pietrelli, 760-518-2633kate@cashbet.com