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The Next Major Market Introduction in the Company's Global Growth Strategy
Royal Wins Corporation (CSE: SKLL) ("Royal Wins" or the "Company") is pleased to announce the launch of the Kash Karnival App in Australia, which is the next major market introduction as part of the Royal Wins' global growth strategy.
Australia's online gaming community demographics show 47% of its players are Female and mirrors Kash Karnival's player profiles. Royal Wins aims to capitalize on the significant increase of gamers created during the pandemic, where in Australia, there was a 100% growth in mobile game downloads from January 2020 to May 2020.
Through improvements to its payment systems and more games slated for release with new features added to bolster the active userbase, Royal Wins is positioning Kash Karnival to capture significant market in the mobile gaming industry in Australia over the next three years.
Royal Wins COO Robert Fong commented, "As most land-based gambling options are still limited due to sporadic outbreaks of the Delta Variant, mobile gaming & wagering has been steadily on the rise in the Lucky Country. Royal Wins is primed to give casual Australian gamers a convenient avenue in which to continue gaming from the safety of their own home."
"There are 6.8 million regular gamers in Australia and as that number grows and shifts to a younger demographic, skill gaming is an excellent channel for new gamers to test their skills on hyper-casual games. Royal Wins provides a gaming format that millennials are familiar with and by providing wagering features to these casual game styles, we are poised to stake our claim in Australia's AU$240bn gaming industry," said Justin Wei, Head of Digital Marketing.
About Royal Wins
Royal Wins is an innovative digital games studio pioneering skill game wagering and betting on mobile casual games. Established in 2014, we design, develop, and operate 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. Our primary innovation and intellectual property centres around solving big data problems around skill gaming mechanics, algorithms pertaining to balancing cash jackpots, game difficulty modules, and maintenance of Return-to-Player (RTP) percentages.
Royal Wins has released a suite of pure skill mobile games on Android and iOS mobile/tablet platforms via their skill gaming app, the Kash Karnival.
Royal Wins is listed on the Canadian Securities Exchange under the ticker symbol SKLL.
For more information please contact:
Royal Wins Corporation
Nicholas Konkin
Communications Director
Phone: 1 647 249 9299, ext. 305
E-mail: ir@royalwins.com
Forward-Looking Statements
Statements in this news release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in the Company's filings with Canadian securities regulators. When used in this news release, words such as "will, could, plan, estimate, expect, intend, may, potential, believe, should," and similar expressions, are forward-looking statements.
Forward-looking statements may include, without limitation, statements regarding the Company's unaudited financial results and projected growth.
Although the Company has attempted to identify important factors that could cause actual results, performance or achievements to differ materially from those contained in the forward-looking statements, there can be other factors that cause results, performance or achievements not to be as anticipated, estimated or intended, including, but not limited to: dependence on obtaining regulatory approvals; investing in target companies or projects which have limited or no operating history and are subject to inconsistent legislation and regulation; change in laws; reliance on management; requirements for additional financing; competition; hindering market growth and state adoption due to inconsistent public opinion and perception of the medical-use and recreational-use marijuana industry and; regulatory or political change.
There can be no assurance that such information will prove to be accurate or that management's expectations or estimates of future developments, circumstances or results will materialize. As a result of these risks and uncertainties, the results or events predicted in these forward-looking statements may differ materially from actual results or events.
Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this release. Royal Wins Corporation disclaims any intention or obligation to update or revise such information, except as required by applicable law, and the Company does not assume any liability for disclosure relating to any other company mentioned herein.
No securities regulator or exchange has reviewed, approved, disapproved, or accepts responsibility for the content of this news release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/98865
