- 359
Mobile targets mobile gaming for the first release in its joint business
agreement with DevLex; it focuses on providing predictive analytics for
the sport of cricket, which is second only to soccer in global popularity
- Mobile
gaming market forecast to surpass $1 trillion by 2022; industry analysts
predict that mobile offerings will take a “disproportionate slice” in
countries with high smartphone penetration
Consorteum Holdings, Inc. (OTC: CSRH) subsidiary 359 Mobile,
Inc. is optimistic about the future of its Universal Mobile Interface™ (UMI)
platform as smartphone penetration grows globally. Newzoo research finds that
mobile device penetration in 2018 is highest in China, India, the U.S., Brazil
and Russia (http://ibn.fm/jizHn).
CSRH is targeting sports gambling for its first release as
part of its joint business agreement with DevLex. It combines its UMI with
DevLex’ Predictive Analysis Platform and focuses on the sport of cricket, which
is second only to soccer in worldwide popularity with an estimated 2.5 billion
fans, according to Topend Sports (http://ibn.fm/nt3Aa). The cutting edge Edgelytics platform
analyzes a massive historical database encompassing player as well as team
statistics, which users can query and run tailored analytics on to help
facilitate a more informed basis for wagering on particular cricket outcomes.
CSRH offers complex mobile solutions and mobile payment
solutions through a mix of license agreements, strategic partnerships and joint
venture revenue sharing arrangements. Its 359 Mobile subsidiary acts as a
technology and services aggregator, meeting the diverse needs of clients.
Juniper Research projects that the online gaming market will
reach $1 trillion by 2022 (http://ibn.fm/XGJui).
“There are already strong signs that mobile offerings will take a
disproportionate slice of the online gambling market in countries with a high
penetration of smartphones,” states 359 Mobile’s website (http://ibn.fm/NtOxP). Research
in Zenith’s Mobile Advertising Forecasts 2017 finds that, in 2018, smartphone
ownership will grow to 66 percent of individuals, up from 63 percent the prior
year (http://ibn.fm/LS2tr).
Juniper Research also predicts that the number of online
gamblers will almost double to 684 million by 2022. CSRH believes that the
growth in ownership of smartphones bodes well for its UMI mobile platform.
Statista research projects that global smartphone users will exceed five
billion by 2019 (http://ibn.fm/pKxWE).
For more information, visit the company’s website at www.Consorteum.com
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