Glorywin
Entertainment Group (OTCQB: GWIN), one of Asia's premier casino
operators and junket service providers has announced their new mobile
gaming app is set for download by a half million users. With 2 billion
smartphone users worldwide and approximately 20% of them accessing
gaming apps from their mobile device, the opportunity is tremendous for
continued growth and substantially increasing revenues.
The
casino market has seen significant mobile penetration at 35% for 2015,
up from 20% in 2013 with mobile gaming apps expected to generate $11.4
billion in revenue. It is estimated by 2018 that the amount of bets
placed using a mobile device will exceed $100 billion.
Glorywin
currently makes their revenue from the operations of luxury Asian
casino Chetaeu de Bavet, the provision of junket services to VIP clients
of other land based casinos, technical support of casino IT systems and
their proprietary online platform that allows gamers to remotely play
their favorite table games with live dealers.
The
company is on track to do $10 million in net profits over the next 12
months based on management's projections, with third quarter results
coming out in November. Glorywin's recently released 2015 Q2 results
reported over $1.75 million in revenue and $1.45 million in net profits.
As
of today Glorywin's share price has surged 35% higher than their recent
year high of $2.80, currently trading at $3.85 as of this writing. The
company feels this price accurately reflects investor optimism as new
business development begins to emerge.
Investor Relations Contact
Anthony W. Licausi
V.P. of Corporate Development
Daniels & Co.
Investor Relations Unit
1350 Avenue of the Americas
New York, NY 10019
Phone: (646) 930 - 4467
Website: http://dcodevelopment.com/
Email: anthony@dcodevelopment.com
Corporate Profile
Glorywin Entertainment Group, Inc.
Room 8, 20th Floor
AIA Tower
Macau, China
Phone: 853 8294 2333
Website: http://glorywinentertainment.com
Investor Relations Contact
Anthony W. Licausi
V.P. of Corporate Development
Daniels & Co.
Investor Relations Unit
1350 Avenue of the Americas
New York, NY 10019
Phone: (646) 930 - 4467
Website: http://dcodevelopment.com/
Email: anthony@dcodevelopment.com
Corporate Profile
Glorywin Entertainment Group, Inc.
Room 8, 20th Floor
AIA Tower
Macau, China
Phone: 853 8294 2333
Website: http://glorywinentertainment.com