IRVINE, CA / ACCESSWIRE / July 31, 2014 / Gamzio Mobile, Inc. (OTCQB: GAMZ) (www.Gamzio.com), the innovative mobile and social casino gaming company, is pleased to announce an initiative to achieve further growth through the acquisition of other high quality mobile and social casino games.
After its successful acquisition of Go-Go Casino, which has over 361,000 downloads on Facebook, Gamzio is looking for other games in the casino space to join the Gamzio team.
CEO Jason Deiboldt stated: "Our focus is on providing unrivaled digital casino experiences for players, while achieving sustainable growth through user acquisition, and acquiring other games within the space. At this time we are actively investigating further acquisition opportunities. We are looking for games and studios focused on providing unmatched player experiences to join the Gamzio family."
Several major acquisitions have taken place recently within the Social Casino industry. Recently Bally Gaming acquired Dragonplay Studios for a deal worth approximately $51 million in upfront cash, plus $49 million in additional earn-out consideration and employee retention payments over the next 18 months.
Prior to that, back in February, Caesars Interactive acquired its fourth social casino studio, Israeli-based Pacific Interactive, for an estimated $60 - $90 million.
Caesars generated $290 million in revenue from its social casino games in 2013, and attributed an 82% YOY growth in 2014 Q1 to its social casino games. CFO Craig Abrams has stated: "We are confident about our ability to complete further acquisitions, and we have a flexible capital structure, so we feel we can do more."
Gamzio looks to continue down a similar path, and has already seen initial traction and success. Its Flagship social casino game Slots-O-Luck Adventure HD maintains impressive retention rates and high ratings on Apple’s App Store from players worldwide.
The company is dedicated to continuing its current growth, and providing shareholder value.
About The Social Casino Industry
Major casino operators are quickly converging on the social casino industry. Most recently, Bally Gaming has acquired Dragonplay studios for a deal worth a potential $100 million. Caesars Interactive Entertainment 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’s Social Casino Games
Gamzio’s flagship social casino title: "Slots-O-Luck Adventure", released in 2013, maintains a 4.5 Star rating on the worldwide Apple App Store.
Gamzio has acquired popular Facebook game Go-Go Casino, and will relaunch an all new version soon. Go-Go Casino has been downloaded over 361,000 times on the Facebook canvas.
Learn more about Gamzio Mobile Inc. by visiting www.Gamzio.com, and for additional information about the company, please contact Investor Relations by Email: [email protected]
Gamzio's flagship Social Casino Game Slots-O-Luck Adventure can be downloaded at:
About Gamzio Mobile, Inc.
Gamzio is a developer of casino-style 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 recently released "Slots-O-LuckAdventure HD," which is available for download at its web site http://slotsoluck.com/play/ or directly in Apple's App Store.
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.
Gamzio Mobile, Inc.
SOURCE: Gamzio Mobile, Inc.