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3G Studios Bets on Online Gambling

James Kosta, the CEO of Nevada based 3G Studios appeared on Fox Business earlier this week to discuss what he called his company’s $20 million bet on online gaming.

James Kosta, the CEO of Nevada based 3G Studios appeared on Fox Business earlier this week to discuss what he called his company’s $20 million bet on online gaming.

Kosta revealed that 3G Studios has invested around $20 million in online gambling and pointed out that online gambling is already legal in the state of Nevada and said that 3G Studios is hoping that it will become legal in around a dozen states over the next year.

The company now specialises in producing games for mobile devices and believes that the small screen devices are uniquely suited to gambling.

Kosta said that the current generation of gamers over the age of 21 and the upcoming generation do not really want to physically visit a casino; he even claimed that most would not want to log in on a PC, instead Kosta belives that the future lies purely in mobile gaming.

Since the increase in popularity of free-to-play games and the decline of the expensive console game, Kosta said that he believes that “gambling is the next form of monetisation for video games.”

3G Studios has applied to the NGC for a license and Kosta said the company is ready to launch an online service as soon as they get an answer.

 

OCA News Editor

Keeping up with the latest trends in entertainment, Matt Holden brings celeb news to the front page of OCA. Matt loves numbers games and researches the highest paying lottery draws to play.

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