- New strategic agreements expand gaming opportunities in United Kingdom
- Company leveraging secure payment processing experience, eyeing fintech and data analytics
- Mobile app market forecast to top $110 billion by year-end
Following a year in which mobile gaming recorded remarkable growth, occupying nearly half the total market value of the gaming industry (http://nnw.fm/6g09W), some market watchers are predicting that worldwide consumer commitment to mobile app stores will grow about 30 percent year-over-year to exceed $110 billion by the end of 2018 (http://nnw.fm/iiJK7).
Consorteum Holdings, Inc. (OTC: CSRH), a mobile platform company focused on “delivering compliant complex mobile-based transactions,” is placing its markers on partnerships and licensing agreements that allow it to develop its software and mobile publishing resources for a variety of mobile offerings, including the online gaming industry. In January, Consorteum Holdings announced an agreement with XpertX, Inc. to release XpertX’s Wild Spots Bingo® mobile game in new international markets. Later that same month, the company announced that it had extended its strategic agreement with Knockout Gaming, Inc. to integrate Knockout’s operator platform into Consorteum subsidiary 359 Mobile, Inc.’s Universal Mobile Interface™ (“UMI”). The subsidiary will provide gaming delivery to certain regulated markets worldwide, including the United Kingdom.
New developments in augmented reality and eSports are revitalizing mobile gaming apps. Particularly in the field of eSports, millions of people are interacting on a multi-billion-dollar competitive stage. The Clash Royale Championship made news when it became the first tournament to offer prize money at the million dollar mark, and more such mega tournaments are expected. Consorteum Holdings targets end users who will use their smart phones in radical new ways. Its UMI platform has the ability to provide secure transactional processing, which opens a door to the gaming industry’s verticals but also provides a variety of solutions in fintech and data analytics that reach beyond the gaming industry and into the corporate world’s operating standards. Add compliancy lead transaction management suited to geographic regions, and the company’s platform becomes a targeted tool for removing the complexities of delivering a rich mobile experience to the end user and “bridging the mobile divide.”
Consorteum Holdings was incorporated in 2005 in the state of Nevada to process payment transactions and, in 2012, became licensed to market and license the world’s first regulatory-compliant mobile gaming platform. In July 2013, the company launched a new era, building on its business model to become a provider of digital content across mobile devices by engineering its platform using branded partnerships in the mobile sports betting and casino gaming verticals. Following years of continued research and development that provided new levels of experience, the company emerged with its 359 Mobile subsidiary providing end-to-end payment solutions for cloud-based and host-based offerings in the mobile gaming, fintech and data analytics markets.
The UMI platform will see its first application this year in the United Kingdom, and the company will evaluate its options for additional territory deployment. Consorteum Holdings’ securities registration filing with the SEC on January 31 states, “Going forward we expect our revenues to be derived from transactions processed using our UMI software platform technology in various countries outside the US starting with the United Kingdom as we explore other international distribution opportunities. We will also explore any US opportunities that are feasible.”
For more information, visit the company’s website at www.Consorteum.com
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