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FlowPlay Q1-2015 Reports

FlowPlay revenues up an impressive 240 percent in Q1-2015.
FlowPlay, a virtual games and technology developer that has diversified into social casino action, has announced year-on-year revenue growth of more than 240 percent in Q1-2015, highlighting an unprecedented year in terms of employee, product and customer growth.
The casual games developer reached its first million dollar revenue month during in 2014 and has continued to surpass revenue levels since, management reports.
A major driver in this success has been a strategic focus on the social casino market, where FlowPlay claims the industry’s highest monetisation rates on desktop, supported by independent researcher SuperData Research.
The company’s core product suite includes two consumer-facing games, Vegas World and ourWorld, as well as a white-label social casino platform available in both out-of-the-box solution and back-end development product form.
The company's client partners include Atari, Traffic Generation and Joju Games, who have tapped into a platform that has monetised at over US$3/MAU (monthly active user). With average revenue per daily active user (ARPDAU) of 47 cents,
FlowPlay social casinos more than double the industry average of 23 cents, according to SuperData Research.
As part of the company’s corporate strategy, FlowPlay has recently engaged investment banking firm, Innovation Capital as financial advisor to run a strategic alternatives process by conducting a thorough review of FlowPlay’s business and assets while contacting third-party entities about potential deals.
Stephanie Llamas, a senior analyst at SuperData recently opined: “FlowPlay’s multiplayer approach is a clear differentiator. Combined with partnerships to bring brands like Atari into the social casino sector and help build hybrid casual casino games, the company is at the forefront of several early trends that could be game changers for the industry in the coming year.”
Vegas World, the first social casino MMORPG developed by FlowPlay, was recently launched. The company was founded in 2006 and primarily funded by Intel Capital and the creators of Skype.

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Gambling News :

Yggdrasil Gaming Expanding - The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.

FanDuel and DraftKings Settle With NY Attorney General - Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.

Stan james Now Live With EPOS - The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.

Singapore Online Gambling Ban Begins - Singapore media reports indicated Tuesday that restricted online gambling services offered by the Singapore Pools have started online operations, whilst Singapore Turf Club will commence online betting activity on November 15.

Chinese police action against Crown Resorts Widens - In addition to the 18 Crown employees still held after their arrest last week, it now appears that the police questioned 87 Crown punters and junket organizers, detaining 10 of the latter.

Pennsylvania Online Gambling Updates - Pro-online gambling companies, including the Golden Nugget in New Jersey and Pokerstars, were quick to refute Schippers views based on their operational experience.

WSOPE In Czech Republic - World Series of Poker Europe 2017 has moved to King’s Casino Rozvadov (KCR) in the Czech Republic following a multi-year deal that will see KCR host numerous WSOP-branded events over the next several years.

Medialivecasino in Deal With Microgame - #Medialivecasino live dealer games have already gone live with Microgame joining content from other well-known providers NetEnt and Evolution Gaming.

BtoBet Partners with AfroBet - Following the launch in Kenya, Afrobet said it has high hopes for further expansion into East Africa, Tanzania, Uganda and Congo.

Pissed off Tabcorp shareholders - A significant number of Tabcorp shareholders, led by The Australian Shareholders Association, reportedly objected to proposed hikes in executive pay packages and were unhappy with the company plans for a merger with rival gambling group Tatts.

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