Consorteum Holdings is taking center stage in the emerging market of mobile gaming through the continued development of its proprietary Universal Mobile Interface (UMI). This groundbreaking technology will open the door for significant savings during game development by creating a carrier, operating system and device agnostic platform upon which to build. The company’s system eliminates the need for constant reprograming to keep up with operating system updates, providing potentially significant savings throughout the expensive app development process.
Initially, Consorteum intends to introduce its UMI technology in the mobile sports betting and casino gaming verticals. This strategy could provide the company with the opportunity to realize sustainable growth moving forward. According to a report by Super Data Research, the mobile platform continued to drive consumer growth in 2013, with the social casino games market accounting for combined revenue of approximately $2.9 billion in 2013. In 2015, the research firm forecasts total spending of approximately $4.4 billion across all platforms.
The company’s UMI is in a particularly strong position to expand within the mobile gaming industry as a result of its industry-leading dedication to compliance gaming. As the first and only third party developer approved for compliance gaming by the Nevada Gaming Commission, Consorteum will look to leverage its compliance-based features – including secure geo-fencing and geo-location requirements – in order to expand its market share in the future.
For Consorteum, potential applications within the mobile gaming industry are nearly limitless. From mobile lottery and sports book betting to slot machines and blackjack, the company’s proprietary technology puts it in a strong position to serve a collection of potential clients. Additionally, the company’s management team has highlighted a myriad of additional opportunities for growth within other industries and market sectors – including government, healthcare and banking applications.
Consorteum’s continued progress with its UMI technology makes the company an intriguing investment opportunity moving forward. When fully commercialized, the universal content delivery solution could prove to be a formidable platform for sustainable returns in the months that follow.
To learn more about Consorteum Holdings, visit www.consorteum.com
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