Venture Beat – Real Deal Interactive is coming out of stealth today as a mobile-first social casino gaming company.
The Palo Alto, Calif.-based company has created a mobile gaming platform that it is licensing to third-party game publishers. Its first game, Lucky Loot Casino slot machine game, is live on the Google Play store now. The idea is to create a platform that larger online gambling and social gaming companies can use to enter the social casino game business.
Real Deal Interactive’s platform has exclusively licensed games and a loyalty rewards system. The company is creating mobile social casino games from licensee partners that have the same graphics, game mechanics, math, and animations as those found on casino floors.
Social casino games are a fast-growing $1.7 billion market, but there are perhaps a hundred companies trying to do the same thing.
“If a player was to take the app and hold up next to the actual slot machine, they would be experiencing the exact same play, said Faisal Siddiqui, chief executive and co-founder of the firm. “We believe we are the only company to offer this level of authenticity on mobile.”
