CORAL SPRINGS, Florida, November 13, 2014 /PRNewswire/ --
The gaming industry and mobile gaming sector continues to thrive as it grows four times faster than the U.S. economy, according to industry experts. Companies in focus today are: Tapinator Inc. (OTC: TAPM), King Digital Entertainment plc (NYSE: KING), Zynga, Inc. (NASDAQ: ZNGA), Microsoft Corporation (NASDAQ: MSFT), Shanda Games Limited (NASDAQ: GAME) and Sony Corporation (NYSE: SNE)
Tapinator, Inc. (OTC: TAPM) announced today that it has acquired InAppFuel (IAF), a social casino company. InAppFuel powers the casino functionality for a number of application developers on mobile platforms, including Metamoki, Five-O Poker, DreamQuest Games, GameMasons, and many others. By offering the first and only minigame Software Development Kit (SDK), InAppFuel allows developers to integrate casino functionality, including slot machines and scratch-off tickets, in less than an hour of time.
InAppFuel's vision is to allow any developer to quickly integrate a casino layer mini game into an existing game. This will greatly aid gaming companies by efficiently optimizing in-app purchase monetization and improving user retention. This unique business solutions (B2B) product not only brings Tapinator a new product line, but it also paves the way for expanding relationships with other developers and studios as IAF grows, thus creating additional acquisition and partnership opportunities in the gaming business.
To read the full TAPM press release, please click here: http://www.financialnewsmedia.com/profiles/tapm.html
Social casino properties are among the best at mobile gaming monetization. According to online magazine VentureBeat GamesBeat, casino games have become a $2.7 billion worldwide industry in a short few years thanks to rapid growth on Facebook and the mobile platforms. InAppFuel, through its patent-pending minigame SDK and its proven casino minigame engine, intends to participate in this growing market in a substantial way. InAppFuel was cofounded by Tapinator's CEO, Ilya Nikolayev, who was a minority owner of the company. By unanimous consent of Tapinator's board of directors and majority consent of the InAppFuel owners, Tapinator purchased InAppFuel for consideration comprised of the assumption of IAF's existing promissory notes and an earn-out from one half of InAppFuel's net income until such time as InAppFuel's previous owners have been paid out per the terms of the agreement.
In other Gaming Sector News & Happenings: King Digital Entertainment plc (NYSE: KING), a leading interactive entertainment company for the mobile world, recently announced that Riccardo Zacconi, CEO and Hope Cochran, Chief Financial Officer, will present at the Morgan Stanley European Technology, Media & Telecoms Conference in Barcelona, Spain. The presentation is scheduled for Wednesday, November 19, 2014 at 9:45am CET / 3:45am EST. To access the live audio webcast of the presentation, please visit http://investor.king.com . A replay of the audio webcast will be available for 30 days following the live event at the same website.
Zynga, Inc. (NASDAQ: ZNGA) develops, markets, and operates online social games as live services played on the Internet, social networking sites, and mobile platforms in the United States and internationally. The company offers online social games primarily under the FarmVille, Words With Friends, and Zynga Poker franchises. Its games are accessible on Facebook and Zynga.com. On Wednesday, ZNGA closed up 2.18% on over 30.2 million shares traded.
Microsoft Corporation (NASDAQ: MSFT) has allegedly filed a trademark for Battletoads, leading many to speculate that Rare could be creating a new entry in the notoriously difficult NES/SNES series. The original Battletoads game has gone down in history as one of the most unforgiving games ever, and there have been frequent rumors regarding a potential revival of the series. Now those rumors may actually turn out to be true, as a NeoGAF user has posted details of a trademark allegedly filed by Microsoft, meaning that a new game could be coming to the Xbox One or Xbox 360. Read more here: http://www.craveonline.com/gaming/articles/786335-microsoft-files-trademark-battletoads-new-game-works
Shanda Games Limited (NASDAQ: GAME) develops, operates, and publishes online games in the People's Republic of China and internationally. It offers massively multi-player online role-playing games in various genres, including martial arts adventure, fantasy, strategy, and historical events; and advanced casual games. The company also offers mobile games in various versions for a range of mobile devices, including iPhone, iPad, and Android devices. In addition, Shanda Games Limited licenses its online games to third parties. On Wednesday, GAME closed even on over 660,000 shares traded.
Sony Corporation (NYSE: SNE) has released a fancy new gizmo to add the console market called a Playstation TV (PS TV) at a press event attended by yours truly. Not a full-fledged console in its own right, but more akin to a set-top box which can work in conjunction with a full Playstation 4 to stream content among other things. At its most basic, the PS TV would allow a user to play a PS4 on a TV screen which is streaming the game from another room. This could be moderately useful in a household with multiple screens, as it is easier to carry around the small box of the PS TV compared to the PS4 monolith. Read more here: http://www.capsulecomputers.com.au/2014/11/ps-tv-and-a-new-direction-for-sony/
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