Global Gaming/Digital Market Forecasted To Top $90 Billion By
2020 With Increased Shift Towards Mobile Gaming Focus
Coral Springs, FL -- July 7, 2016 -- InvestorsHub NewsWire
-- The digital apps, gaming & mobile markets continue to
explode as new product announcements as well as mergers and
acquisitions aim to top record numbers this year. The mobile gaming
sector in particular has become a popular choice of investment for
celebrities and other big names due to exploding revenue forecasts
and other developments with some predictions to exceed $90Billion by
2020.
Tapinator, Inc. (OTC:TAPM), a designer, developer and
publisher of mobile games on the iOS, Google Play, and Amazon
platforms, today announced a number of important game network
updates as of the end of Q2 2016, including:
244 active revenue generating games as of June 30, 2016 including
31 games launched during the second quarter of 2016
267 million cumulative downloads across the network, up 175%
year-over-year
66 games that have each achieved over 1.0 million downloads
18.3 million average monthly active users (MAU) during the quarter,
up 136% year-over-year
1.1 million average daily active users (DAU) during the quarter, up
127% year-over-year
629,000 average daily downloads across the network, up 78%
year-over-year
Read the full Tapinator (TAPM) Press Release and Recent 2016
Guidance News at: http://financialnewsmedia.com/profiles/tapm.html
Driven primarily by 28 new games from within our Rapid-Launch
Games division, the size of our games portfolio and our user-base
continued to grow significantly during the second quarter of 2016,
said Tapinator CEO, Ilya Nikolayev. Additionally, we
continued to show triple digit growth of our key player engagement
metrics, including Daily Active Users (DAU) and Monthly Active
Users (MAU). Our Full-Featured Games division launched three
new games during the second quarter: Video Poker Classic, Blackjack
Classic, and Combo Quest 2. Launched less than one week ago,
Combo Quest 2, has already generated over 300,000 player downloads,
is a top 100 game on both iPhone and iPad, and is a top 100
grossing game within the Adventure and Role-Playing
categories. We are excited to see that Combo Quest 2 has been
featured on the iOS App Store within New Games We Love and that the
product is demonstrating early success in terms of its
metrics. Subsequent updates to the game, which will go live
within the next several weeks will, we believe, improve upon the
games already solid engagement and monetization metrics.
Tapinator also recently announced that it is raising its
previously issued financial guidance for 2016, based on strong
performance of its core mobile gaming business during the first
half of this year. Tapinator now expects to achieve
revenue in the range of $4.0 million - $4.5 million in 2016, up
from previous revenue guidance of $3.7 million - $4.3 million for
the year,representing an annualized organic revenue growth rate
range of 63%-84%. The Company continues to expect near
break-even results at the operating income level, and is now
targeting an Adjusted EBITDA (a non-GAAP measure) percentage of 24%
for 2016, up from previously issued guidance of 22%.
Assuming, the Company achieves break-even results at the operating
income level, the Company continues to expect net losses in 2016 of
approximately $1.6 million, primarily as a result of financing
related charges associated with the Company's $2.0 million
convertible debenture financing completed during 2015, including
$1.5 million in expected non-cash charges.
In other gaming news and developments: Zynga,
Inc. (NASDAQ: ZNGA), a leading social game developer,
announced the launch of CSR Racing 2 (CSR2), the next-generation
sequel to the smash hit CSR Racing. Developed by Zyngas UK-based
NaturalMotion studio, the free-to-play mobile game hits the road
today on the App Store for iPhone and iPad and Google Play.
CSR Racing has a passionate fan base that lives and breathes the
world of cars, said Torsten Reil, CEO of NaturalMotion. With more
than 190 million downloads by auto enthusiasts around the world,
the original CSR Racing and CSR Classics brought never-before-seen
levels of visual fidelity and vehicle authenticity to the Racing
genre on mobile. In CSR2, weve built on this legacy by amplifying
the drag racing experience and introducing new social elements,
higher-fidelity graphics and enhanced levels of customization to
create the most immersive and realistic mobile racing experience
for our players.
Glu Mobile Inc. (NASDAQ: GLUU), a leading global developer and
publisher of free-to-play games for smartphone and tablet devices,
today announced the availability of Gordon Ramsay DASH on the App
Store and Google Play. Featuring the voice and likeness of, and
exclusive video messages from, award-winning Chef Gordon Ramsay,
the game offers players a chance to achieve culinary success of
their own. Advanced character customization allows players to
select their chef attire and equipment before entering the chef
arena to compete head-to-head with other chefs! Gordon Ramsay
is a remarkably accomplished figure in both the culinary world and
the entertainment industry, said Niccolo de Masi, Glu Chairman and
CEO. Having opened critically-acclaimed restaurants worldwide,
while starring in several highly-rated TV programs, we couldnt be
more excited that our partnership adds mobile gaming to his
impressive business portfolio.
Tencent Holdings Limited (OTC: TCEHY) News: Publicis Groupe
last week announced at Viva Technology Paris a strategic
partnership with Tencent, the internet giant that operates the most
popular social and media platforms in China. The partnership is the
first-of-its-kind collaboration across a global advertising group
and all 11 products of Tencent, China's largest internet company.
It is also the first partnership that transcends the Groupe's three
solution hubs of Publicis Media, Publicis Communications and
Publicis.Sapient.
In other emerging tech news and developments of
importance: MGT Capital Investments, Inc. (NYSE: MGT)
closed up over 5% at $4.35 on over 8Mil shares traded by the market
close on Wednesday. MGT recently disclosed the details
of the initial phase of a large scale Bitcoin mining operation
designed to position the Company as a leader in Blockchain
technologies. The Company has secured a location with contracted
low cost hydro power in central Washington state to launch a
facility generating over two PetaHash in processing power. This
facility is expected to be fully operational by August 1,
2016, and has expansion capacity to nearly 10 PetaHash. The size
and power efficiency of the facility will allow MGT to emerge as a
domestic leader in crypto currency mining at an opportune time. The
current pricing environment of bitcoin and other digital assets
coupled with the release of new 16 nanometer ASIC chips provides a
significant opportunity to generate excellent profit margins.
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