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CashBet, a California-based and Alderney-licensed software platform provider and turnkey operator enabling online gambling for social and mobile games, revealed it will be offering its platform in the coveted US market by year’s end, specifically the state of New Jersey.
The company launched its real money online gambling platform in the UK on Thursday (May 8, 2014) with the casino game Casino Island Adventure from leading developer Gamzio, Inc.
Additionally, CashBet is now eligible for a transactional waiver in the state of New Jersey and is actively seeking a New Jersey land-based casino partner to launch its offering this year. The company is in discussions with several Atlantic City casinos for online expansion. CashBet is now widely accepting applications from game developers to launch on its mobile gambling platform.
"Every publisher and developer we speak with is interested in entering the online gaming market, but is concerned about the barriers to entry, such as compliance and security. We're continuing to build the most trusted platform for mobile gambling, and we have a highly experienced team that deeply understands what 'Real Money Play' is all about. Given our experience and platform offering, we make it easy for developers to focus on making great games while accessing one of the largest growing markets worldwide," said Dr. Mike Reaves, CEO and co-founder of CashBet.
CashBet initially raised $1.7 million back in March to enter the lucrative US online gambling and mobile market. Reaves is no stanger to the world of online gaming as he previously worked at CyberArts and MondoBox.
"CashBet's turn-key platform has allowed Gamzio to quickly expand into the fast-growing mobile casino industry. We are looking forward to launching our first real-money game on the App Store, Casino Island Adventure, using CashBet's eGambling technology," said Jay Deiboldt, CEO of Gamzio, Inc.”
The latest mobile gaming report from Juniper Research reveals there were approximately 63 million unique users of mobile gambling services worldwide in 2013, and foresees 100 million additional users accessing mobile gambling products by 2018.
- Aaron Goldstein, Gambling911.com
