Social casino website, Playsino.com, has reached the 1 million install mark this week.
"The overwhelmingly popular response to our social and mobile casino apps is further evidence of the strong growth potential in the social casino gaming sphere," said Brock Pierce, Playsino's CEO. "This space is only going to get hotter and provide better entertainment for users and higher revenues for developers."
The social casinos game publisher, which has bases in both California and Kiev, Ukraine, offers free-to-play casino games to mobile and social gaming networks across the globe. The company bills itself as the only publishing network solely focused on social casino development.
Morgan Stanley has forecast the social gambling market to grow from $1.7 billion today to $2.5 billion by 2015. With “real money” play on the horizon, that later number could actually eclipse $7 billion.
- Aaron Goldstein, Gambling911.com