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Affiliate of Chicago-Based Gaming Company Rush Street Gaming Invests in Bay Area Social Game Developer Ruby Seven Studios(January 08, 2014)
San Francisco, CA (PRWEB) January 08, 2014
San Francisco social and mobile game developer, Ruby Seven Studios, announced today an investment of up to $3.5 million by an affiliate of Chicago gaming company Rush Street Gaming. Through the investment, Ruby Seven will leverage its proven social gaming success and live operations capabilities with Rush Streets land-based and online casino industry expertise.
With social casino industry revenues forecasted to reach $2.5 billion by 2015, Rush Street foresees immense growth through partnership with Ruby Seven Studios. Michael Carpenter, CEO, Ruby Seven Studios, commented on the investment:
With this investment, Ruby Seven and Rush Street will explore unique opportunities within the rapidly converging social, land-based, and online casino industries. Together we have the ability to create breakthrough game experiences for players within all three realms.
Ruby Seven and Rush Street share a core value of creating compelling player experiences. With the growth of innovation in the social and mobile gaming space, there is huge opportunity to explore new ways to play. Richard Schwartz, President of Rush Streets online gaming division (Rush Street Interactive), expressed a forward-looking position regarding the investment:
There are dozens of talented game designers in the casino industry who have compelling social game design ideas, but lack the capital resources or engineering and marketing capabilities to develop and operate them successfully. Due to Ruby Seven Studios innovative suite of services aimed at lowering the execution risk involved in social game development and operations, Rush Street believes that Ruby Seven Studios is uniquely positioned to partner with such designers to help them to successfully develop, deploy, and operate their games across all major social platforms.
The investment by Rush Street is Ruby Sevens second foray into real world casino collaboration this year. In May, Ruby Seven announced partnership with land-based casino game design studio Bluhare Studios. Together the two studios released TimeQuest Slots (iOS, Android, Amazon, Facebook), a top-rated, time-travelling slots adventure.
To learn more about Ruby Seven Studios and Ruby Seven Studios games on iOS, Android, and Facebook, visit rubyseven.com.
About Ruby Seven Studios
Ruby Seven Studios is a social and mobile casino games studio based in San Francisco, California and Kochi, India. The company was co-founded in 2012 by Michael Carpenter (former PopCap Games executive as VP of Social Product Operations) and Jugul Thachery (founder of leading Indian casual games developer, ChaYoWo Games). Ruby Seven Studios quest is the development of innovative plays in the social casino game genre. With nearly 100 employees worldwide, Ruby Seven Studios released over 25 titles for Facebook and mobile platforms since founding. Top titles include TimeQuest Slots (created in partnership with real casino slot design team Bluhare Studios), Slots of Plunder, Poker Best in 60, Big Spin Bingo and Cats vs Dogs Slots. While Ruby Seven is a young studio, the company boasts a wealth of industry experience through industry veteran board members and investors. Ruby Seven games are created in a free-to-play model, ensuring that all players may play for free without risk of real money loss.
About Rush Street Gaming
Rush Street Gaming, LLC and its affiliates were founded in 2003 by Neil Bluhm and Greg Carlin. Rush Street is one of the fastest growing gaming companies in North America, launching four casinos in four years. Rush Street developed and operates Rivers Casino in Pittsburgh, voted Best Casino in Pennsylvania by readers of Casino Player magazine for three consecutive years; SugarHouse Casino in Philadelphia, voted Top Workplace by its team members in the Philadelphia Inquirer; and Rivers Casino in Des Plaines, the top-grossing casino in Illinois and the first casino in the world to receive LEED Gold certification. Since 2008, Rush Street and its affiliates have invested more than $1.7 billion of capital and created more than 4,500 jobs.
Ruby Seven Studios, Inc.
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