SANTA MONICA, CA--(Marketwire - Nov 27, 2012) - Playsino (http://www.playsino.com/), one of the world's fastest growing social casino companies, announced today that its social casino games have surpassed the 1 million install mark.
"The overwhelmingly popular response to our social and mobile casino apps is further evidence of the strong growth potential in the social casino gaming sphere," said Brock Pierce, Playsino's CEO. "This space is only going to get hotter and provide better entertainment for users and higher revenues for developers."
According to a recent report, "Social Gambling: Click Here to Play," by Morgan Stanley, social casino gaming is expected to grow from $1.7 billion today to $2.5 billion in annual revenues by 2015 -- and could even go as high as $7 billion -- helping to drive growth for real money gambling in addition to the virtual currency world.
Unlike most social games, social casino games have a high customer retention rate, according to Morgan Stanley's blue paper, a fact of immense value as the industry is forecast to continue its trend of consolidation, not only among social gaming companies but also real-money companies. This puts Playsino -- the only publishing network solely focused on social casino developers -- its partners and its unique value proposition in a strong position to ride the upcoming wave.
Playsino is helmed by Brock Pierce, one of the most recognized figures in the global online gaming space, across genres from MMOs to social casinos and iGaming. Pierce is well-known for his unprecedented success in online gaming, and as CEO of Playsino and a board member and investor in many online gaming companies, is ideally positioned to scale Playsino, with its wide variety of casino-inspired games, into the world's leading iGaming publisher.
Companies interested in working with Playsino should send an e-mail to publishing@playsino.com
About Playsino
Playsino, a social casino games publisher, brings the exciting world of free-to-play casino games to mobile and social platforms globally. The Playsino Publisher Network (http://www.playsino.com/) is the only publishing network solely focused on helping social casino developers acquire and monetize social casino gamers on social and mobile platforms. The company is run by proven entrepreneurs and game industry veterans. Playsino is headquartered in Santa Monica, Calif., and Kiev, Ukraine.