Exclusive Interview with CEO of VSBLTY Groupe Technologies (CSE: $VSBY.C) ( $VSBGF) #AI / #Security and Company Updates

Exclusive Interview with CEO of VSBLTY Groupe Technologies (CSE: $VSBY.C) ( $VSBGF) #AI / #Security and Company Updates

Point Roberts, WA and Delta, BC - May 23, 2019 (Investorideas.com Newswire) Investorideas.com, a global investor news source covering Artificial Intelligence issues a special edition of The AI Eye, featuring an exclusive interview with the CEO of VSBLTY Groupe Technologies Corp. (CSE:VSBY) (5VS.F) (VSBGF).

Listen to the podcast:

https://www.investorideas.com/Audio/Podcasts/2019/051719-VSBLTY.mp3

Read this in full at https://www.investorideas.com/news/2019/artificial-intelligence/05231AIEye-VSBLTY-CEOInterview.asp

VSBLTY Groupe Technologies Corp. provides real-time analytics and security through Proactive Digital Display™ signage with AI and machine learning-based software modules. The company recently announced that it had joined international cyber security consortium Cyber Ops Alliance (COA) earlier this month.

In an interview with Investorideas.com, Company co-founder and CEO, Jay Hutton explained how COA’s multi-disciplinary approach and emphasis on areas of VSBLTY’s specialization made the decision to join timely and advantageous.

“For us, because they have identified significant opportunities emerging in facial recognition and the related disciplines, we felt it was time for us to join,” he said. “We’ve determined that the demand for that kind of thing – holistic, top-to-bottom security solutions – is becoming more and more of a requirement.”

COA’s CEO, Dan Downing said in the press release:

“We are excited that VSBLTY's leading-edge technology can now be combined with the advanced security capabilities of other COA companies. Wherever deployed, VSBLTY can provide perimeter security by looking for 'persons of interest' or by identifying objects-including weapons-in real time.”

Hutton said that the relationship with COA will open up new opportunities for the company moving forward.

“It’s a very broad range of capabilities, assets and personalities, which of course will expose us to a brand new marketplace,” he said. “We’re excited about it.”

Hutton explained how VSBLTY’s cross-module application – it’s capabilities in the complimentary application of security, advertising and analytics solutions – makes it stand out from competitors.

“We kind of have a unique opportunity to take an aggressive position in the marketplace because we have this very unique approach,” he said. “VSBLTY sells three discrete software modules: visual display, data analytics – incorporating camera and machine learning – and Vector which is the security piece.”

“We have competitors in the first module, the second module, and of course, we have competitors in the third module. But here’s what’s interesting, there’s not a single competitor that addresses all three modules.”

The third component Hutton mentioned, Vector™, is described on the company website as “a software module that interfaces with a comprehensive local or remote database to detect persons or objects of interest within a camera’s field of view”. Hutton explained how Vector™ performs a joint function of advertising to consumers through digital signage, but also an increasingly important security application.

“We’ve got the double efficacy of, not only delivering a message to an audience, but driving the eyeballs of that audience to a screen so that we achieve a security utility, as well as delivering a promotional or advertising utility,” he said. “Once it identifies a person it tracks that person to find a face. When it finds that face it can connect [it] or match it to a curated database, if you think of a local application or a national electronic database if you think of the no-fly list or anti-terrorism list [for example].”

Research firm Memoori published a piece earlier this year analyzing the video surveillance market, in which it claims “AI Video Analytics which will gradually be taken up over the next 5 years, having the potential to add a further $3Bn to the video surveillance market in 2023”.

Hutton said companies that zero in on certain sections of the market have the best chance of success. “I believe that the companies that will be successful in the … really broad category of AI are those that break down the components of it and apply it to a specific segment or segments, and that’s precisely what we’ve done.”

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Special edition of InvestorIdeas #Cannabis #Potcast with SinglePoint Inc. (OTCQB: $SING); #Solar and Cannabis Combine for a Bright Future

Special edition of InvestorIdeas #Cannabis #Potcast with SinglePoint Inc. (OTCQB: $SING); #Solar and Cannabis Combine for a Bright Future

From Cannabis to Solar, Crypto or Psilocybins -SinglePoint Inc. is on the Cutting Edge

Point Roberts, WA and Kelowna, BC - May 22, 2019 (Investorideas.com Newswire) Investorideas.com , a global news source covering leading sectors including cannabis and solar stocks and its potcast site, www.potcasts.ca release a special edition of Investorideas.com potcastsCM - cannabis news and stocks to watch.

Listen to the podcast featuring an interview with Will Ralston, President of SinglePoint Inc. (OTCQB: SING):

https://www.investorideas.com//Audio/Podcasts/2019/052019-OTCQBSING.mp3

Read this in full at https://www.investorideas.com/news/2019/cannabis-potcasts/05221OTCQBSING-Solar-Cannabis.asp

Hear Investor ideas cannabis potcast on iTunes  

Ralston discusses SinglePoint’s latest acquisition of Direct Solar, their largest deal to date as well as the company’s expectations for 2019.

Direct Solar operates on a Lendingtree/Rocket Mortgage model in which the company provides homeowners options for installers that service their area and the loan programs they have access to. This allows the company to expand throughout the US and globally. With the backing of SinglePoint, Direct Solar will have the ability to quickly scale into new markets and establish the company’s foothold in the Solar market.

Video Introducing Direct Solar -

https://www.youtube.com/watch?v=jl0u8eZpUrI&t=1s

"This acquisition will securely place SinglePoint on a new path towards growth, revenue and overall profitability. We believe Direct Solar has the people and the ability to scale beyond initial projections and truly make an impact on SinglePoint's goal of getting a NASDAQ or NYSE. We believe in the following 12 months from the date of the acquisition, revenues will be in the multiple millions along with profitability. This acquisition is a new opportunity and puts SinglePoint on a whole new trajectory path," states Greg Lambrecht, CEO of SinglePoint in their recent press release discussing the acquisition.

Mr. Ralston mirrored this sentiment when discussing Direct Solar, with high expectations of growth and revenue for 2019.

“What’s driving the growth of Direct Solar is there are so many customers looking to not only save on their energy and power costs, but also reduce the amount of energy they are using derived from fossil fuels and to have access to a more renewable energy source.”

Speaking about their customers, when asked where Direct Solar intends to focus first, more in commercial or residential sectors, he sees a good blend of the two in their future.

“Residential is a big component. We (Solar companies) just passed the 2 millionth install residentially but we also see a massive potential in commercial systems as well. We’ve recently seen a lot of large companies like Amazon working with solar and some opportunities to establish micro-grids in small communities. We will be working with different cannabis cultivation. That’s one of our reasons for buying this company. Because of the power intensiveness that it does take to grow cannabis currently, there is a massive opportunity to create efficiencies and save money on your energy costs when cultivating cannabis, hemp or any other indoor plants for that matter.”

Regarding larger companies moving towards renewable energy, Facebook, General Motors and Walmart, along with over 300 other companies recently launched the Renewable Energy Buyers Alliance (REBA), the largest group of corporate renewable energy buyers in the United States, which will work to unlock the marketplace for organizations to buy renewable energy with more than 60 gigawatts of new renewables online in the United States by 2025.

Will explained in the interview that the “receptiveness (in the industry) is there, and we are seeing tremendous growth. As solar becomes more affordable and climate change and efficiency becomes more top of mind for people, we are seeing that tick up. We saw a little lull about 3 years ago, but about 2 years ago we saw the installations just start to go off the charts. Adoption is there, people are becoming more aware and it’s affordable now.”

Singlepoint has been at the cutting edge of emerging markets with SingleCoin (Cryptocurrency Payments), SingleSeed (Cannabis) and now Direct Solar (Solar) and when asked about the next emerging sector, Will expressed some interest in the latest psilocybin developments in Colorado earlier this month.

Over the past few years psilocybin research, much like DMT and pre-legalization cannabis has had a surge of returned research, specifically in dealing with psychosis and PTSD therapy.

Will went on to say, “I think that’s the next big wave if looking at the cannabis side of things. We believe there is a heavy opportunity there for many companies and we hope that we can participate in that, probably through the purchase of some sort of manufacturing facility early on.”

That may be a way off though as any serious form of legalization is still several years away, which allows SinglePoint to focus on the future with Direct Solar.

“Direct Solar has put us on the financial grounds that will provide the company with the revenues and EPS that is required of us to make a move to either the NASDAQ or the NYSE. We believe we can really push this company to the next level, which in return will push SinglePoint to the next level,” Will continued.

Also read part one of this two part series discussing SING solar acquisition:

https://www.investorideas.com/news/2019/renewable-energy/05152Solar-Cannabis-AutoManufacturing.asp

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Or www.potcasts.ca

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Investorideas.com is a recognized news source publishing third party news and press releases plus we create original financial content. Learn about investing in stocks and  sector trends  from Investorideas.com with our news alerts , articles , podcasts and videos  talking about cannabis,  crypto,  technology including  AI and IoT , mining ,sports biotech, water, renewable energy and more . Investorideas.com original branded content includes the daily Crypto Corner and Podcast, Play by Play sports and stock news column, Investor Ideas #Potcasts #Cannabis News and Stocks on the Move podcast and column,  Cleantech and Climate Change Podcast and  the AI Eye Podcast and column covering developments in AI. 

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. For Disclosure purposes this podcast creation and distribution featuring SinglePoint Inc is a paid for service  on Investorideas.com.   

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#Crypto News: Integrated Ventures, Inc (OTCQB: $INTV); Updates on #Bitcoin Mining and Energy Costs

#Crypto News: Integrated Ventures, Inc (OTCQB: $INTV); Updates on #Bitcoin Mining and Energy Costs

May 22, 2019 (Investorideas.com Newswire) Reporting from a recent Blog post from https://www.integratedventuresinc.com - Integrated Ventures, Inc (OTCQB: INTV),currently trading at lower levels of its 52-week price range, is a pure play on bitcoin mining, but market forces have pushed it to evolve and adapt to extreme bear market conditions in the price of Bitcoin. Bitcoin mining is literally becoming a story of the survival of the fittest. The biggest variable in a mining operation boils down to the cost of the mining rigs and the cost of electricity. The players that can adapt and survive in the coming boom and bust cycles are the best of breed companies. INTV fits the mold because not only does it mine but its involved in other activities that generate cash flow. These activities include; hosting, co-location, mining pools and mining equipment sales.

Read this in full at https://www.investorideas.com/news/2019/cryptocurrency/05221OTCQBINTV-EnergyCost.asp

Click here to view:  Integrated Ventures, Inc (OTCQB: INTV) company info

Bitcoin Mining Center

The most important variable cost in mining is the cost of power and INTV has come up with brilliant strategy to secure its place as a mining powerhouse with signing of a multi year hosting and marketing agreement with PetaWatt, LLC, a company located in upstate NY. By gaining access to the lowest price for power (under $.05/kwh), the company have procured a solution to become the lowest cost cryptocurrency player in the Northeast and possibly the nation. Most bitcoin miners are paying anywhere between $.07-12 kw/h. The PetaWatt's capacity of 120 MW has the capacity to power up to 100,000 mining rigs. It rivals the prices paid by miners, located in Wenatchee with very cheap hydroelectric power. In the volatile space of cryptocurrency, INTV came up with the most grounded and cost-effective model in the sector, which again not only allows them to survive a unpredictable crypto market but to deliver much higher profit margins relative to the market fluctuations. That upward shift is potentially happening as we speak.   

Crypto Winter Signs of Thawing

Nigel Green, the CEO of UK-based DeVere Group discussed the state of the crytptocurrency market and declared that the recent upward break in bitcoin confirms the markets have found a long term bottom and that the “Cypto Winter” is finally over.  Cryptocurency traders are buzzing about Bitcoin and pointing to the historical RSI and how that is signaling an imminent bull run.  These are just some empirical examples that the overall bearish mood in cryptocurrencies is starting to change and turn bullish.  On December 15, 2018 the CoinMarketCap was $101 billion off from its January 7, 2018 high of $813 billion. More recently the market capitalization has been moving over $180 billion which is essentially an 80% bounced off the lows in the past 4 months.  It’s great to look at these technicals, but the essence of the story always traces back to the fundamentals. The hash rate and difficulty level are designed to throttle the bitcoin rewards was going up at an unsustainable pace last year and peaked in October 2018.  It was taking an incredible amount of computing power to mine a bitcoin for very little reward. Eventually miners turned off these machines and the difficulty level and hash rate dropped for the first time in a very long time. Too many mining rigs entered the market at once and that led to the correction. Now difficulty levels and hash rates have bottoms and bitcoin is starting its new ascent. Overall, Bitcoin mining in 2018 hasn’t been as profitable as in 2017 despite an increase in overall revenue. With the network hashrate continuing to increase astronomically, miners now pay higher electricity tariffs severely affecting their bottom-lines.

Will BTC $8000 Bring on the BULL MARKET for Crypto?

There is tremendous upside if bitcoin can get traction. Right now, BTC is bouncing around $8000 holding its nearly $4000+ rise since early April 1, 2019. Bitcoin’s ability to maintain this trading level will bring confidence to crypto traders, especially the ones that went into retirement after a rough 2018.

Yes, BTC was nearly $19k in its prime, where hindsight is 20/20 by saying it moved up too fast, too quickly. Even though bitcoin struggled throughout the year, declining from the $9000 range to the $6000 range, the biggest dagger for both crypto traders and miners came late in 2018. On November 13, 2018, BTC was $6282 and sunk an additional 50% over the next month where it hit a bottom of $3194 on December 15, 2018.

At these dismal trading levels, the cost of mining was too much and almost every bitcoin miner had to flick the power switch leaving their power hungry hightech rigs to collect dust. With BTC recovering to $8000 + low energy costs, miners are profitable again and will stay that way because INTV can control their future energy cost.

We’d like to think $10000 is the next benchmark that will kick start the BTC bull market. We think the sideline money is increasingly gaining confidence in the crypto market again. The strong CBD, cannabis market has unfortunately become oversaturated and most seasoned investors welcome a sector to become hot again--thus the crypto market. If we can see $9000, don’t be surprised to see traders of old jumping on the bandwagon again, inflating stocks and coins to new 52 weeks highs as the money shifts from sectors like cannabis back into crypto.

How long will the bull-rush last is the question, but we do know that investors are ready to pounce on the opportunity when it arises, which many are betting will be sooner than later.

Multiple Ways INTV Can Survive the BITCOIN Bear Market

·        Securing Competitive Electricity Rates. By partnering with PetaWatt, Integrated Ventures will have access to reliable power source and low pricing structure.

·        Generating Cash Flow via Hosting, Mining & Revenue Share Services. Integrated Ventures intends to generate significant revenue through hosting and revenue share services.

·        Locking-In Record Low Hosting Rates on Long-Term Contracts. Integrated Ventures’ access to low cost power will allow the company to offer the most competitive hosting rates in the industry, spiking demand for long-term contracts.

·        Implementing “Plug-and-Play” Container Solutions. Integrated Ventures will offer access to mobile mining containers for ASIC and GPU miners, creating a “WeWork” -style mining option for those seeking hosting space. Initially, this modular structure will be used in-house to control ramp-up and ramp-down as coin prices fluctuate.

·        Purchasing Discounted Mining Rigs from Secondary Markets. Integrated Ventures will keep costs low by purchasing equipment on the secondary market, a strategy that was not possible when the market was in its infancy.

Long Term Power Contracts

Without a long-term supply of cheap power, a miner cannot sustain operations through the lean times.  Luckily for INTV, with newly signed agreement, all major expenses are eliminated and power expense will only represent approximately 40% of the overall mining cost, while for other miners operating at .09 KWh, its nearly 95% of their cost.

For those miners with rates at .10+ they cannot continue to mine even at the current rates of over $8000. This is where INTV has such a huge advantage, while they can gain 225% vs power, someone at .095 is breaking even, thus in a bear market where bitcoin is $3000-$3500, INTV can still mine for profitability while others have to stop mining to avoid losses.    

For INTV this is a blank slate for them to build the ideal mining operation.  No existing miner is better positioned than INTV. Low power costs allow them to lock in long term hosting contracts creating that all important stream of revenues.  

Summary

The recent market pressure is related to the conversions of 128k/52k/52k convertible notes and stock sales by investors, related to two M&A transactions, that occurred in summer of 2018. INTV has a unique vision, a wealth of experience, and is executing their business plan.

INTV is expanding operations at the perfect time in the business cycle using the ideal bitcoin mining model of purchasing discounted mining rigs, hosting, and locking in long term collocation contracts as the price rises.

INTV is morphing into the lowest cost producer of cryptocurrency with the greatest capacity. They are poised to become the market leader by the end of this year if they simply operate a just one fifth of their capacity.  Their business model is designed to survive a bitcoin meltdown yet profit handsomely ket cap is extremely undervalued, and investors are simply not pricing in what the new low cost power structure will look like with newly signed deal.

Blog post Source https://www.integratedventuresinc.com/single-post/2019/05/20/PetaWatt-Deal---Interactive-Edition

Original Source : WallstreetPR.com By  Andrew Klips  https://www.wallstreetpr.com/integrated-ventures-otc-intv-recent-deal-with-petawatt-is-a-gamechanger-cheap-energy-6000-btc-making-mining-profitable-again-41459

Wallstreet PR disclaimer “Please note that this article was provided to Wallstreetpr.com by Falcon Strategic Research. Please note that Falcon Strategic Research has been compensated compensated 10,000 restricted shares for ongoing coverage of the company. Please note WallStreetPR and its associated have not received any compensation for this content posting nor have checked on the content to make sure its true.

Original company news:

Integrated Ventures Signs A Multi Year Hosting And Marketing Agreement With PetaWatt Properties, LLC

https://finance.yahoo.com/news/integrated-ventures-signs-multi-hosting-133500144.html

Investorideas.com disclaimer:

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. This wallstreetpr article is a paid for news release on Investorideas.com by INTV (750) learn  more about our 2 day news service https://www.investorideas.com/News-Upload/.

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The #Gaming Industry Bets Big on Social #Casino #Apps (OTCQB: $TAPM) (NASDAQ: $SCPL) (NYSE: $BX) (NASDAQ: $ZNGA)

The #Gaming Industry Bets Big on Social #Casino #Apps (OTCQB: $TAPM) (NASDAQ: $SCPL) (NYSE: $BX) (NASDAQ: $ZNGA) 

Revenue for social casino market reached $5.2 billion in 2018

Point Roberts WA, Delta BC – May 22, 2019 - Investorideas.com, a leading investor news resource covering gaming and technology stocks releases a special snapshot reporting on how smart gaming industry innovators are turning their eyes towards the social casino market.

According to ResearchMoz, “The global social casino market is supported by various growth drivers, such as rising number of social media users, growing global population, budding internet penetration, emerging smartphones and gaming traffic.”

Seeing the future growth of this market, Tapinator, Inc. (OTCQB: TAPM), a developer and publisher of category leading apps for mobile platforms, just announced that it is developing a new social casino game which is scheduled for launch in Q4 2019.

Read this in full at https://www.investorideas.com/news/2019/gaming/05221SocialCasinoApps.asp

“This upcoming game features a slot mechanic, with innovative metagame systems that have proven their success in the world of real money gaming. The title is made possible through Tapinator’s recent licensing deal with a major European real-money slots developer. The real-money version of the product is currently a top performing slot game across over 200 online casinos in a number of European countries. The company will be announcing the details of this partnership closer to the game’s launch.”

Tapinator also reported, “In 2018, the revenue for the social casino market reached $5.2 billion, according to Eilers & Krejcik. The social casino market grew 10.9% year-on-year in the final quarter of 2018. As a category, it is estimated that slots comprised over 70% of this revenue. Despite the significant revenue generated by slot games on mobile, there has been little innovation in the space. Key developers have focused on improving production values, running live ops, and adding content. This has started to change with the success of Coin Master by the developer, Moon Active. Coin Master features a slot mechanic but its success is based on its metagame systems and social functionality. As a ‘Top 15 Grossing’ game on iOS, with an estimated $75+ million in annual revenue, Coin Master has proven the top grossing potential for innovative mobile slot games.”

“We are big believers in the social casino space on mobile and our social casino product, Video Poker Classic is ‘Top 150 in Downloads and Top 100 in Grossing’ within the Casino category on iOS. We look forward to using the expertise we’ve gained in the space to launch, what we believe will be, a successful slots product. The slots space on mobile has been a very lucrative area but has been sparse on innovation. We are starting to see this change, with the introduction of innovative systems that promote player engagement progression and monetization. We believe that, in 2019 we will see the launch of new innovative slot games that join Coin Master as top grossing products. Our expectation is that our licensing deal, combined with our social casino and mobile expertise, will allow Tapinator to successfully bring an innovative and proven slot game to mobile devices,” said Tapinator CEO, Ilya Nikolayev.

SciPlay Corporation (NASDAQ: SCPL), a leading developer and publisher of digital games on mobile and web platforms which include social casino games, such as Jackpot Party Casino, Gold Fish Casino, Hot Shot Casino, and Quick Hit Slots, began the month of May by ringing the Nasdaq MarketSite bell on May 3^rd in Times Square, in celebration of its initial public offering (IPO) on the Nasdaq Stock Market.

SciPlay utilizes a disciplined, data-driven approach to create a portfolio of games that spans markets and appeals to a wide range of players. They gather and analyze data to fine-tune the game play experience and enrich their games. They also leverage extensive insights learned through their relationship with Scientific Games Corporation, which helps differentiate their content and create deeply immersive game play.

Josh Wilson, SciPlay’s Chief Executive Officer said, “SciPlay’s listing on the Nasdaq as a public

company is a new beginning for us. We believe that operating independently, with Scientific Games’ business support and access to intellectual property, will help us as we continue on our mission of becoming the #1 casual mobile gaming company in the world.”

“SciPlay provides highly entertaining free-to-play games that millions of people play every day for their authenticity, engagement and fun,” said Nelson Griggs, President of the Nasdaq Stock Exchange. “They are a global organization powered by a culture of innovation that utilizes data to enhance user experience. We could not be more excited to welcome them to our family of the world’s most innovative companies.”

Social casino gaming has also attracted the likes of asset managers such as The Blackstone Group L.P. (NYSE:BX) who over the past few months has continued on a gaming investment spree, most recently with the purchase of a minority stake in Romania’s largest sports betting operator, Superbet.

The equity firm has paid €175 million for a minority stake in Superbet. Blackstone Tactical Opportunities conducted the transaction on behalf of its parent company.

Superbet was established in 2008. Over the years, it has become Romania’s largest sports gambling operator with 1,200 betting shops around the country and more than 3,500 employees. The company recorded betting turnover of €180 million last year.

Aside from its retail network, Superbet also operates its own digital platform, which it launched in 2016, and a mobile betting app, which the operator debuted in 2018. In addition to its domestic market, Superbet also provides its services in Poland and runs offices in Austria, Malta, Croatia, Serbia, and the UK.

Commenting on Blackstone’s interest in Superbet, the operator’s co-founder and CEO, Sacha Dragic, said that the private equity investment firm is a partner “capable of supporting Superbet Group to maintain its market leadership in Romania”, increase its market share in its domestic market, and be able to capitalize, “on opportunities to expand business in both Central and Eastern Europe and globally.”

The Blackstone Group has continued to show interest in the global gambling industry and has invested in companies representing different sectors of that industry. News about the firm buying a minority stake in Romania’s largest sports betting operator arrived shortly after it emerged that Blackstone has acquired Ukrainian social casino games developer Murka in a bid to venture into the exploding social casino market.

Last year, the private equity firm purchased Spanish gambling powerhouse Cirsa. The purchase price was not disclosed, but according to sources, Blackstone paid between €2 billion and €2.5 billion for the casino and betting group.

Zynga Inc. (NASDAQ: ZNGA), a leading mobile game developer, back in March announced that Zynga Poker, the world’s largest free-to-play poker game introduced a new ‘Spin and Win’ mode in its World Poker Tour^® Tournament Center. This new mode gives players the thrilling experience of playing short tournaments and a chance to win payouts of up to 10x their buy-in by spinning a prize wheel.

The game features faster game play with tournaments lasting 5-8 minutes, a three-handed tournament mode where winner takes all, the option to spin a wheel to determine the payout of 2x to 8x a player’s buy-in, making this tournament mode the most advantageous for favorable spins, and authentic World Poker Tour themed environments with branded tables and tournaments.

“Our players have asked for faster-paced tournaments with bigger rewards, and we believe Zynga Poker’s new ‘Spin and Win’ tournament mode truly puts our players in the hottest seat at the table,” said Bernard Kim, President of Publishing for Zynga. “Combining this quicker, more aggressive tournament style with the famous World Poker Tournament brand gives players the most compelling virtual experience in the sport of poker.”

“Spin and Win is the latest development from our great partners at Zynga Poker to enhance the World Poker Tour experience for their players,” said Adam Pliska, CEO of the World Poker Tour. “This innovative addition to the WPT Tournament Center is a testament to the creativity of Zynga Poker and gives their players another unique way to engage with the World Poker Tour.”

Zynga Poker is one of the most popular poker games in the world and now has more ways for players to compete than ever before. Designed to play like a real table experience, this Texas Hold ‘Em Poker game lets players participate in either a Sit-N-Go game, Spin and Win tournament mode or a cash table game to win generous payouts with up to nine players in either a fast or slow style setting. Zynga Poker has developed a strong community within the game supported by Leagues and a VIP program. This allows players to earn benefits and features by reaching higher tiers with exclusive chip package offerings and special game modes.

Global Market Insight says, “The social gaming market is growing at a rapid pace on account of the increasing adoption of advanced gaming technologies, rising income levels, low cost of games, increase in online content, and digital distribution, which allow users to download the content on their systems. Popular social gaming genres, such as social casino is likely to drive the market growth during the forecast period due to the increasing social gaming traffic.”

With this in mind, many gaming companies are starting to look into this direction, which allows users to enjoy the thrill of gambling but without the over-the-top losses associated with real casino gambling. This is welcome news for consumers and allows companies to gain popularity and include app purchases for profitability. Gaming is betting big on social gambling, and based on current app usage numbers, so are consumers.

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