SOURCE: Gamzio Mobile Inc.

October 08, 2014 09:20 ET

Gamzio Launches All New Version of Go-Go Casino on Facebook

IRVINE, CA--(Marketwired - Oct 8, 2014) - Gamzio Mobile, Inc. (OTCQB: GAMZ), the innovative mobile & social casino gaming company is pleased to announce today, the re-launch of Go-Go Casino -- Gamzio's latest social casino app available on the Facebook platform.

Gamzio acquired the popular Go-Go Casino in Q2 2014, and has since then been busy developing updates to Go-Go's games, and creating a whole new look and feel to enhance player experience within the game. The Gamzio development team has been focused on updating functions, installing upgrades and enhancements to gameplay, and deploying proven optimization frameworks from its other successful games.

Go-Go Casino offers three exclusive major city themed Slots games including New York, Paris, and Moscow. The game also includes multi-player Blackjack where users can play alongside fellow players from all over the world. In the future Gamzio plans to add multi-player Roulette, and Slots Tournament play to the game.

Go-Go Casino had 361,000 downloads when acquired, and since then has added an additional 23,000 players to its user base. The game's Facebook page has over 155,000 "Likes". 

Gamzio invites everyone to connect and play this exciting new Vegas casino-style experience on Facebook by visiting:

Jason Deiboldt, Gamzio's CEO, stated, "Gamzio is extremely excited about the launch of the all new version of Go-Go Casino. We are committed to leveraging Facebook's massive user base to grow the game's Monthly and Daily Active Users (DAU), as well as providing a unique Las Vegas style casino gaming experience for players on the Facebook platform."

According to tech blog Mashable, one quarter (375 million) of Facebook users play at least one game on the platform every month. Facebook's "total payment and other fees" revenue (which is made up largely of game revenue), reached almost $500 million in the first half of 2014. Go-Go Casino provides Gamzio with a strong opportunity to tap into this large pool of players and new revenue.

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:

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 2014. Caesars acquired House Of Fun Slots creator Pacific interactive earlier this year in a deal worth an estimated $60-$90 million. Pacific Interactive is the fourth social casino operator Caesars has acquired.

In addition Bally Gaming (BYI), recently acquired social casino company Dragonplay in a $100 million dollar deal consisting of $51 million in upfront cash, and approximately $49 million in additional earn-out consideration and employee retention payments based on Dragonplay hitting earnings targets. Shortly thereafter, Bally itself was acquired by gaming firm Scientific Games (SGMS) for roughly $3.3 billion, excluding net debt.

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 or directly in Apple's App Store. Gamzio has also launched its first real-money mobile casino game into Apple's U.K. App Store 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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