The Conversation (0)
- 1.6 million Kash Karnival App Install Base
- Approximately 15,000 Monthly Active Users
Royal Wins Corporation (CSE: SKLL) (OTCQB: RYWCF) ("Royal Wins" or the "Company"), an innovative hyper-casual digital games studio with the world's first fully licensed real-money pure-skill gaming platform, is pleased to announce Kash Karnival's growth numbers for the quarter ending 31 December 2021.
Kash Karnival App Installs
During the final calendar quarter of 2021, Royal Wins saw a 210% increase in app installs, versus the previous quarter, with monthly growth averaging 30% through the quarter. At the end of 2021, the Company recorded a Kash Karnival install base of nearly 1.6 million with approximately 15,000 monthly active users ("MAU") - an increase of 40% from the previous quarter.
Kash Karnival's MAU and high-value players are primarily Android users, accounting for approximately 80% of all paying users. Future marketing will be increasingly targeted towards Android users downloading from Google, Facebook, and Samsung Galaxy stores.
Conversion to Paying Players
Through the quarter, the Company's marketing campaigns reached 28,000 daily impressions and generated approximately 13,000 daily product views on Google Play Store, Apple's App Store, and www.kashkarnival.com.
Initial target marketing CPM (cost per thousand) impression, across both Android and iOS, was approximately $10, equalling the overall global industry average (slightly lower for Android mobile and slightly higher for iOS, varies by region and by ad type). The Company's conversion rates into paying players reached 2.3%, slightly below the global industry average of 3%. Management is making adjustments to marketing campaigns with a goal of meeting the global industry average in the current quarter and surpassing the average in the medium term.
Player Rewards
Player Rewards, defined as a win in a game followed by a cash redemption, for skill games are commonly at the 80% level. Actual Player Rewards for Kash Karnival over the quarter and across all skill player cohorts are currently averaging at the 40% level, indicating that Kash Karnival players prefer to leave their winnings within the Kash Karnival ecosystem and continue to play. This is an excellent indicator of higher retention of users and their deposits, potentially leading to a higher lifetime value of each player versus global industry benchmarks.
Deposits and Play-to-Earn Rates
Upon re-launching Kash Karnival (see Press Release dated September 29, 2021), Royal Wins increased minimum spend to $3 (from a previous minimum of $1). As a result, average deposits per paying user increased from $4 to $6.50. Management will evaluate further increases to average deposit sizes through the introduction of larger earned prizes, more frequent and diverse jackpot, and special promotions.
During the final calendar quarter of the year, the number of active paying players increased by an average of 129%.
"The Android platform is proving to be the biggest marketplace for us, moving forward we intend to focus our marketing efforts on cultivating and nurturing those users," commented Royal Wins' CEO Peter Gan. "The progress we have made, as confirmed by these metrics, is excellent news for shareholders. Following a complete retooling of the Kash Karnival platform; the initiation of new payment channels; and, our success in getting relaunched on BOTH Android and iOS, Royal Wins is now successfully rebuilding our active player base. Our management team believes that we can maintain these growth rates and build on this new base."
About Royal Wins Corporation
Royal Wins is an innovative digital games studio pioneering pure-skill gaming with real cash prizes available on mobile casual games. Established in 2014, we design, develop, and operate real-cash prize skill games to disrupt and dominate the online gaming space, so that all players of legal age can play and win life-changing jackpots and prizes based on their skill as opposed to pure chance and odds. Our primary innovation and intellectual property centres around solving big data problems surrounding skill gaming mechanics, algorithms pertaining to balancing cash prizes, game difficulty modules, and maintenance of Player Rewards percentages.
Royal Wins has released a suite of pure-skill mobile games on Android and iOS mobile/tablet platforms.
Royal Wins is listed on the Canadian Securities Exchange under the ticker symbol SKLL and on the OTCQB under the ticker symbol RYWCF.
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/111830
