|By Marketwired .||
|February 25, 2014 02:48 PM EST||
SAN FRANCISCO, CA -- (Marketwired) -- 02/25/14 -- GSN Games today announced it has agreed to acquire Bash Gaming, the creator of breakout hit Bingo Bash -- the leading social bingo game in the world with more than 4.8 million monthly active users (MAUs) playing across Facebook, iOS, Android and Kindle devices.
"This transaction will not only strengthen the GSN Games portfolio, it supports our strategy of building a diverse business, operating across all major platforms, with a broad portfolio of titles in both social casino and skill tournament genres," said Jeff Karp, executive vice president, mobile and social games, GSN Games. "With the Bash Gaming acquisition, we will expose our millions of social casino players to the Bingo Bash experience, while introducing existing Bingo Bash players to our highly engaging games including Wheel of Fortune® Slots and Deal or No Deal Slots. We will leverage the strength of our respective organizations, including talent, reach and technology, to build a gaming powerhouse."
"We're excited to become part of GSN Games, one of the early pioneers in social casino who continues to lead the space today," said Sumit Gupta, founder and CEO, Bash Gaming. "I'm very proud of what our team has accomplished, creating the world's #1 bingo game, and with this new strategic partnership, we are poised to deliver our games to millions of additional players."
With the Bash Gaming acquisition, GSN Games will have two of 2013's top 10 overall grossing iPad apps and a monthly active user base of nearly 10 million players. The multi-platform audience of GSN Games will also provide an opportunity for Bash Gaming to further scale its titles, reach new players, and integrate advanced user acquisition and analytics techniques. Adding the Bash Gaming lineup will further accelerate GSN Games' reach on both iOS and Android.
The addition of Bingo Bash will provide a deeper offering to advertisers, including increased attention and interaction from the high-value Bingo Bash customer base. GSN Games also plans to build on its leading skill games platform for real prize tournaments by leveraging Bash's multi-player technology to create unique bingo experiences.
Subject to receipt of any required regulatory and other approvals, GSN expects to close the Bash Gaming acquisition in mid-March 2014.
About GSN Games
GSN Games is a leading provider of cross-platform entertainment, including social casino games and skill tournaments designed to fuel every player's inner winner. Founded in 1999 as skill games site WorldWinner.com, the company has evolved into a premier social, mobile and online games company. As the creator of GSN Casino, a top-ranked and top-grossing mobile app, and Games by GSN, a top-five virtual casino app on Facebook, GSN Games provides virtual casino experiences that go beyond Vegas. For advertisers and brand marketers looking to reach an audience of 47 million highly engaged players, GSN Games also offers custom advertising solutions. For more information, visit www.gsngames.com.
GSN is a multimedia entertainment company that offers original and classic game programming and competitive entertainment via its 80-million subscriber television network and digital game sites. GSN's cross-platform content gives game lovers the opportunity to win cash and prizes, through GSN's popular TV game shows and GSN Games' free casual games, mobile and social games, and skill-game tournaments. GSN's television network is distributed throughout the U.S., Caribbean and Canada by all major cable operators, satellite providers and telcos. GSN is owned by Sony Pictures Entertainment and DIRECTV. For further information, please visit GSNTV.com.
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