Las Vegas, NV, October 20, 2015 --(PR.com
)-- Glorywin Entertainment Group (OTCQB: GWIN), one of Asia's premier casino operators and junket service providers has announced their new mobile gaming app is set for download by a half million users. With 2 billion smartphone users worldwide and approximately 20% of them accessing gaming apps from their mobile device, the opportunity is tremendous for continued growth and substantially increasing revenues.
The casino market has seen significant mobile penetration at 35% for 2015, up from 20% in 2013 with mobile gaming apps expected to generate $11.4 billion in revenue. It is estimated by 2018 that the amount of bets placed using a mobile device will exceed $100 billion.
Glorywin currently makes their revenue from the operations of luxury Asian casino Chetaeu de Bavet, the provision of junket services to VIP clients of other land based casinos, technical support of casino IT systems and their proprietary online platform that allows gamers to remotely play their favorite table games with live dealers.
The company is on track to do $10 million in net profits over the next 12 months based on management's projections, with third quarter results coming out in November. Glorywin's recently released 2015 Q2 results reported over $1.75 million in revenue and $1.45 million in net profits.
As of today Glorywin's share price has surged 35% higher than their recent year high of $2.80, currently trading at $3.85 as of this writing. The company feels this price accurately reflects investor optimism as new business development begins to emerge.
Investor Relations Contact
Anthony W. Licausi
V.P. of Corporate Development
Daniels & Co.
Investor Relations Unit
1350 Avenue of the Americas
New York, NY 10019
Phone: (646) 930 - 4467
Glorywin Entertainment Group, Inc.
Room 8, 20th Floor
Phone: 853 8294 2333