Royal Wins Corporation (CSE:SKLL), an innovative digital games studio pioneering skill game wagering and betting on mobile casual games, said it is pleased to enter the US market, which will be a significant “revenue catalyst” for the company.
Mobile gaming in the US has become a dominant force in the rapidly growing video gaming market, with puzzle games representing the highest share of the mobile gaming revenues, noted the company.
Toronto, Ontario-based Royal Wins said that its recent acquisition of Winning with Words (W3), access to leading game developers, partnership with the Skills Integrity Council and seamless transaction processing, enable it to “effectively service” the US market.
READ: Royal Wins partners with Australia's leading blockchain games developer to enter booming NFT gaming market
The US mobile gaming market has a 46.83% user penetration rate which is expected to increase to over 50% by 2025, according to Statista. Moreover, the current 155.9 million users are expected to account for US$20.45 billion in mobile gaming revenues in 2021, and by 2025 the number of users is projected to hit 181.3 million resulting in $US29.6 billion in revenue.
Royal Wins President and CEO Peter Gan said: "Our entry into the US represents a major milestone for Royal Wins. The US represents a massive target audience receptive to what we offer and mimicking the gamer demographics we are already accustomed to.”
“This offers Royal Wins the opportunity to rapidly increase its userbase and revenue streams. Being a member of the Skill Integrity Council, we will also be able to leverage our working relationship to establish best practice within the mobile gaming industry as the skill-based segment grows. Building trust between the App and its players is at the core of what we do."
Established in 2014, Royal Wins designs, develops and operates real money-wagering skill games, to disrupt and dominate the online gaming space such that all players of legal age can play and win life-changing jackpots and prizes on their skill instead of only on chance and odds.
Contact the author Uttara Choudhury at uttara@proactiveinvestors.com
Follow her on Twitter: @UttaraProactive