Game studio Playstudios, specializing in gambling for smartphones and social networks, became richer by $20 million during the third investment round. The main amount was invested by Jafco Ventures, MGM Resorts International, which owns 80% of the casinos in the Las Vegas Strip, also acted as one of the many investors, Gamesbeat writes.
A distinctive feature of Playstudios games (more precisely, those that come out under the myVegas brand) is that their users can win real prizes, such as tickets to shows, free lunches or even a hotel room.
The DAU of the company’s games is 1.25 million, the number of total downloads is 18 million.
We think that they have an opportunity to raise capital and invest more aggressively in existing applications or, taking advantage of the situation, find and create new applications for investment.