Gamzio Expands Casino Portfolio to Facebook With Acquisition of Go-Go Casino: A Well Known Brand With 147,000+ Likes & 361,00...
May 21 2014 - 9:20AM
Marketwired
Gamzio Expands Casino Portfolio to Facebook With Acquisition of
Go-Go Casino: A Well Known Brand With 147,000+ Likes and 361,000+
Player Installs
IRVINE, CA--(Marketwired - May 21, 2014) - Gamzio Mobile, Inc.
(OTCQB: GAMZ), the innovative mobile & social casino gaming
company, is pleased to announce today that it has acquired the
Facebook social casino app Go-Go Casino. Gamzio CEO Jason Deiboldt
proves to the marketplace he is focused on making good on promises
to shareholders to aggressively grow through strategic acquisitions
and organic player acquisition.
The Go-Go Casino Facebook Fan Page has 147,320 Likes and can be
found here:
https://www.facebook.com/gogocasinopage
The Go-Go Casino App is currently in redevelopment by the Gamzio
DevOps Team. Go-Go has been extremely popular in the past,
amassing over 361,000 player downloads, but a recent lack of
upgrades and technology had caused a decline in users.
Gamzio is now working behind the scenes of Go-Go's current
casino operations to update functions, install upgrades and
enhancements to gameplay, and deploy proven optimization frameworks
from its other successful games. The new and improved Gamzio Go-Go
Casino will be rolled out over the next 45 days.
CEO, Jason Deiboldt, stated, "Gamzio is very happy about
expanding our reach to the Facebook canvas which serves over 375
million gamers monthly. We are pleased to welcome our new players
from Go-Go Casino to the Gamzio family. We plan to totally revise
and re-launch Go-Go Casino with a brand new unmatched player
experience on Facebook."
Go-Go Casino has been installed by over 361,000 users on
Facebook. With Facebook's "total payment and other fees"
revenue (which is made up largely of game revenue), totalling $237
million for 2014Q1, the acquisition of Go-Go Casino provides Gamzio
with the opportunity to tap into this large pool of players and new
revenue.
Gamzio's integration with Facebook can be leveraged to provide
an expanded set of features and experiences for its players, while
expanding the company's reach to browser-based online games.
About The Lucrative Social Casino Industry
Social casino games are "one of the most lucrative segments in
mobile games, and in the mobile app market at large publishers of
Social Casino Games dominate the top publishers leaderboards"
according to Scott Reyburn, who published the Social Casino Gaming
Report which can be read at:
http://www.distimo.com/blog/2014_04_social-casino-gaming-report-part-1-the-biggest-publishers-globally/
The Report states that on the AppIQ Apple App Store top
Games-Casino grossing publishers leaderboard globally, Slotomania
creator Playtika (now owned by Caesars) was the No. 1 publisher in
a seven-day period from March 17 to March 23, accounting for 21
percent of the total revenue among the top 10 publishers (above).
Seattle-headquartered Big Fish Games was in close second, with a 16
percent share of the total revenue.
Major casino operators are quickly converging on the social
casino industry. Most recently, Caesars Interactive Entertainment
(CIE) has pledged to continue its aggressive acquisition strategy
to sustain the growth of its social gaming business after posting
strong advances in the first quarter of 2014. Caesars Interactive
Entertainment reported an 82 per cent increase in net revenue to
$124.2m for the first quarter of 2014, driven by record growth from
its social and mobile gaming business, as well as the first
contributions from its recent Pacific Interactive acquisition.
Pacific interactive is the fourth social casino operator Caesars
has acquired.
About Gamzio Mobile, Inc.
Gamzio is a developer of social casino games for the Internet
and mobile devices. Its mission is to bring a genuine "Vegas"
experience to the mobile gaming market through a strategic approach
that optimizes real-time data and analytics technology. Gamzio is
rapidly expanding through aggressive acquisition strategy and
organic user acquisition for its portfolio of casino
properties.
Gamzio's flagship social casino "Slots-O'Luck Adventure HD" is
available for download at its web site http://gamzio.com/games/ or
directly in Apple's App Store. Gamzio is also gearing up to
launch real-money mobile casino game into the Apple Apple Store
U.K. to begin tapping into the $40 billion gambling industry.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that
term is defined in Section 27A of the United States Securities Act
of 1933, as amended and Section 21E of the Securities Exchange Act
of 1934, as amended. Statements in this press release which are not
purely historical are forward-looking statements and include any
statements regarding beliefs, plans, expectations or intentions
regarding the future. Such forward-looking statements include,
among other things, utilizing new Facebook mobile technology,
increasing users for Gamzio's games, and business strategy. Actual
results could differ from those projected in any forward-looking
statements due to numerous factors. Such factors include, among
others, the inherent uncertainties associated with new projects and
development stage companies. These forward-looking statements are
made as of the date of this news release, and we assume no
obligation to update the forward-looking statements, or to update
the reasons why actual results could differ from those projected in
the forward-looking statements. Although we believe that any
beliefs, plans, expectations and intentions contained in this press
release are reasonable, there can be no assurance that any such
beliefs, plans, expectations or intentions will prove to be
accurate. Investors should consult all of the information set forth
herein and should also refer to the risk factors disclosure
outlined in our annual report on Form 10-K for the most recent
fiscal year, our quarterly reports on Form 10-Q and other periodic
reports filed from time-to-time with the Securities and Exchange
Commission.
Contact: Gamzio Mobile, Inc. http://Gamzio.com (949) 732-0226
investorinfo@gamzio.com