Tuesday August 21,2012 :  TWO NEW MOBILE GAMES FROM SOCIAL GAMING PROVIDER
 
Casino games are on the iOS platform
 
Berlin-based social gaming specialist Crowdpark has announced the launch of two new mobile social games for iOS device users despite filing for insolvency barely a month ago.
 
Dubbed Pet Vegas Mobile and AnteUp Mobile, the new additions join Crowdpark's existing Facebook and Web games to position the German company at the intersection of three powerful markets: social gaming, online gambling, and mobile gaming.
 
"Casino games have proven to be among the highest revenue generators on Facebook and in the App Store," a company spokesman said this week.
 
"By marrying the monetisation potential of social casino and betting games with the striking reach of mobile devices, Crowdpark aims to propel its Web and Facebook games portfolio to the next level. Mobile social games promise to capture the attention of the one billion activated smartphone and 106 million tablet users forecasted for the end of 2012."
 
Crowdpark co-founder Martin Frindt says his company is pursuing a cross-platform business strategy designed to access most mobile devices.
 
The launch of new games is surprising, given that Crowdpark filed insolvency only last month.
 
However, the company's insolvency administrator, Thomas Kühn of Brinkmann & Partner, is working with the founding management team and M&A advisory firm Advantum Corporate Finance to steer a proposed international investment and acquisition process.
 
“Crowdpark has a highly qualified team and great technology,” said Kühn. “We have seen much interest from potential investors and acquirers in our initial discussions. I am confident that there will be a favourable outcome for Crowdpark.”