CrowdGather Inc. (OTC: CRWG), developer of online communities and social games, recently announced the launch of Mystery Lions – the latest development from its partnership with Multicommerce Game Studio. The 5-reel video slot machine with and African theme is now available to play on its Mega Fame Casino & Slots through Facebook, iOS, and Android gaming platforms.
Over the past few quarters, the company has rapidly transformed from an online community provider to a social gaming company. The social gaming industry is expected to grow at a 16.1% CAGR to reach $17.4 billion by 2019, according to Transparency Market Research, creating a significant opportunity for long-term growth for the company’s shareholder base.
Investors in traditional casino stocks, like Century Casinos Inc. (NASDAQ: CNTY), or small gaming companies, like indiePub Entertainment Inc. (OTC: IPUB), may want to take a closer look at CrowdGather as it continues to grow its brand.
Read the entire press release here:
Plaor, Inc., a wholly-owned subsidiary of vertical interest social media network CrowdGather, Inc. (CRWG), announced today the launch of Mystery Lions™, the latest title developed from its partner Multicommerce Game Studio. Mystery Lions™ is an exciting 5 reel video slot with 30 pay lines and rich graphics set within the wild plains of Africa that is currently available to play in Mega Fame Casino & Slots™ and on the Facebook, iOS, and Android game platforms.
“Over eighty percent of our players play slots,” said Richard Corredera, Chief Operating Officer of CrowdGather. “The launch of Mystery Lions™ in Mega Fame Casino & Slots™ is in direct response to the ongoing demand from our players for entertaining, innovative, and engaging content.”
To start playing Mega Fame Casino & Slots™ for free, visit the Facebook App Center, Apple iOS App Store, or Google Play Store now.
About Multicommerce Game Studio
Multicommerce Game Studio is a leading independent game design studio with more than 10 years of experience in the global gaming industry focused on video slot content, Class II and bingo games. Additionally, Multicommerce Game Studio has a strong background in projects ranging from backend application, SAS development, and the complete development pipeline required for certified Class III game products.
About CrowdGather, Inc.
With its growing portfolio of special interest forums and enthusiast message board communities, CrowdGatherhttp://www.crowdgather.com/ has created a centralized network to benefit forum members, forum owners, and forum advertisers. CrowdGather provides a highly interactive and informational social network for members, a management and revenue-sharing resource for third-party forum owners, and a largely untapped advertising network for marketers worldwide.
CrowdGather subsidiary Plaor (www.plaor.com), a company that specializes in developing highly scalable multi-platform games, is located in the heart of Boston’s fast growing Innovation District. Plaor produces Mega Fame Casino, an innovative and highly rated social casino available on iOS, Android & desktop. With over 20 employees, the Plaor team is a mix of rising-star newcomers and widely-recognized game development veterans from companies including Rockstar Games, Turbine, Harmonix, Irrational Games, Nanigans, Sony Online Entertainment, ThoughtWorks, THQ, and Caesars Interactive Entertainment.
About Mega Fame Casino & Slots™
Mega Fame Casino & Slots™ is a high quality social casino available now on Facebook, iOS, and Android. Users can play more than a dozen unique slot themes, four types of Hold’em poker, video poker, along with the innovative MegaFame Blvd. Mega Fame Casino & Slots™features more than 300 celebrities and offers weekly celebrity tournaments bringing truly unique star-studded experiences to social games. Based on Plaor’s unaudited financial statements and without the benefit of marketing and advertising resources CrowdGather will provide, Mega Fame Casino & Slots™ currently has more than 23,000 daily active users and is projected to generate approximately $1.5 million in annualized revenues.
This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events and the Company’s growth and business strategy. Words such as “expects,” “will,” “intends,” “plans,” “believes,” “anticipates,” “hopes,” “estimates,” and variations on such words and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, changes in the Company’s business; general economic, industry and market sector conditions; the ability to generate increased revenues from the Company’s forums and Plaor’s social casino; the ability to obtain additional financing; the ability to manage the Company’s growth; the ability to develop and market new technologies to respond to rapid technological changes; competitive factors in the market(s) in which the Company operates; and other events, factors and risks disclosed from time to time in the Company’s filings with the Securities and Exchange Commission. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.