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Koolbit Launches Real Money Games
Monday February 4,2013 : KOOLBIT OFFERS REAL-MONEY MOBILE GAMES SUITE
Expands from Social Gaming platform
VentureBeat reports the launch of a new real-money mobile gambling destination at iGOSlots.com from gaming start-up Koolbit.
Koolbit's founder and chief executive officer Gerard Cunningham, who was the founder and president of Betfair USA, said the company has launched a full suite of gambling casino games accessible via the internet or on mobile devices.
The site, developed in partnership with Cozy Games, is licenced through the Isle of Man gambling authority.
“We’ve taken a mobile first approach with the design, but you can play it in a Web browser anywhere,” Cunningham said. “We’ve had virtual goods casino games running for nine months now, and we’re now going to have the biggest real-money mobile casino network with 25 games.”
While Koolbit's iGoSlots is open for registration to the UK market, its original flagship suite of casino games City Slots will run as a separate virtual-currency internet and mobile destination.
Its twelve employees reportedly bring experience from Betfair, Kabam, Kixeye and Playdom among other firms in the social and casino gambling industry.
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Ujjwal Doshi, lead analyst at the research firm, says, “Low-cost cross-border service delivery is opening up sports betting markets, which were previously protected by state-regulated monopolies or dominant local operators.”
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