Posted On: 09/19/2016 9:24:13 AM
Post# of 96892
VERY INTERESTING READ!! Phosphor Games and Gamblit explain why they're betting AAA video games will take off on casino floors
MON 19 SEP 2016 7:00AM GMT / 3:00AM EDT / 12:00AM PDT
PUBLISHINGVIRTUAL REALITY
http://www.gamesindustry.biz/articles/2016-09...to-casinos
"In a nutshell, Gamblit reached out to me after I had left Scopely. I was VP of development there at that mobile publisher. I basically was like, 'Thanks guys, I don't really want to make casino games. Super boring.' And they were like, 'No, no, no. Just come in. Let us explain.' So I had a really great meeting with the CEO. After talking with him for about 3 hours, I'm like, 'Wait. OK. So basically what you're telling me is I could work on bringing arcades back to life and play Street Fighter on the casino floor for money. Let's do this. I'm in.' And honestly, I haven't seen an opportunity this promising or an industry that was this in need of change and potential growth since I switched from making big budget console games into mobile games in 2010," he explains.
3
According to Lowenstein, gambling is around a $450 billion a year revenue industry globally, but it's largely driven by an older demographic. The games on casino floors just aren't resonating with Millennials and the Gen-X crowd that grew up on video games.
MON 19 SEP 2016 7:00AM GMT / 3:00AM EDT / 12:00AM PDT
PUBLISHINGVIRTUAL REALITY
http://www.gamesindustry.biz/articles/2016-09...to-casinos
"In a nutshell, Gamblit reached out to me after I had left Scopely. I was VP of development there at that mobile publisher. I basically was like, 'Thanks guys, I don't really want to make casino games. Super boring.' And they were like, 'No, no, no. Just come in. Let us explain.' So I had a really great meeting with the CEO. After talking with him for about 3 hours, I'm like, 'Wait. OK. So basically what you're telling me is I could work on bringing arcades back to life and play Street Fighter on the casino floor for money. Let's do this. I'm in.' And honestly, I haven't seen an opportunity this promising or an industry that was this in need of change and potential growth since I switched from making big budget console games into mobile games in 2010," he explains.
3
According to Lowenstein, gambling is around a $450 billion a year revenue industry globally, but it's largely driven by an older demographic. The games on casino floors just aren't resonating with Millennials and the Gen-X crowd that grew up on video games.
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