KoolBit Mobile Gaming Features Blackjack
March 13th, 2013 by Site Admin
Founded in 2011, KoolBit, Inc. is positioning itself to become a force in online casino gaming as it is taking a step into mobile gaming with a new gambling suite. Originally, more of a social gambling site, KoolBit is now offering a real-money gaming suite, which includes Blackjack amongst other popular casino games such as video poker and roulette.
What puts KoolBit in a somewhat unique and powerful position, is the fact that they have already captured a social gaming market with their City Slots gaming suite. With City Slots, gamers can purchase chips using real money, however they don’t get to cash out their earnings.
Now that KoolBit is taking a step into real money casino gaming, the company has an opportunity to potentially parlay both markets (online gambling and social gaming) into a growing and thriving constituency in the mobile gaming market.
While at first, social gaming in the form of online casinos with virtual money may not seem to be a lucrative industry, it surprisingly brings in over $3 billion every year. As one would suspect, the revenue generated by real-money online gambling is substantially higher, over 14 times higher that is.
Gerard Cunningham, the CEO of KoolBit and former owner of Betfair USA said that it all started with iGoSlots. Now converting this into a mobile-centric app for smartphone and mobile device users, Cunningham is supremely confident that this strategy will pay off in the long run.
“We’re now going to have the biggest real-money mobile casino network with 25 games.”
The company is promoting mobile blackjack amongst these games and this should provide online bettors with a chance to play their favorite game on a new, cutting edge and high quality gaming platform.
Source: Venture Beat
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