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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(May 21, 2014)
IRVINE, CA -- (Marketwired) -- 05/21/14 -- 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:
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:
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.
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