Consorteum Holdings, Inc. (OTC PINK: CSRH), through wholly owned subsidiary ThreeFiftyNine, Inc. (359), is the only third-party developer approved for regulatory compliant gaming delivery by the Nevada Gaming Commission. Using a thin client application, the company provides client servers with a simpler method for delivering games to consumers. Because the 359 Universal Mobile Interface (UMI) directly provides content and display to individual mobile devices, game developers can offer continuous and consistent content to consumers without the need to reinstall following updates to the gaming application or mobile operating system.
In order to achieve approval from the Nevada Gaming Commission, Consorteum was required to address the unique locational restriction requirements of the gaming industry. In particular, efforts to prevent tampering and location spoofing were of the utmost importance. To address this, 359 utilizes technology similar to that of antivirus software in order to detect the true location of the device, and, in times when this location can’t be verified, invalidate the locational data. Through this system, the company can help to protect the legal standing of gaming providers.
Following the legalization of Internet gambling sites in New Jersey, the state’s market recorded revenue of nearly $8.4 million between late November and the end of the calendar year. These promising results have caught the attention of the nation. According to a report by CBSNews, at least 10 other states are now considering lifting the legislative ban on Internet gambling in the near future, providing the potential for massive market growth in the months to come.
This potential market expansion provides a formidable channel for rapid growth for Consorteum. Leveraging an early mover advantage in the mobile space, the company is in a strong position to increase market share as the industry continues to grow. For potential investors, the prospect of an expanded Internet gambling industry makes Consorteum an exciting opportunity in the coming months. With unparalleled qualifications in the mobile space, the company is strategically positioned to provide strong returns as the industry grows to meet immense market demand.
To learn more about Consorteum Holdings, visit www.consorteum.com
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