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15 Oct, 2013

Gambling Industry Salivates at Prospects of Online Boom


SARASOTA, Fla.–(BUSINESS WIRE)-October 09, 2013 – As OBJ Enterprises (OTCBB: OBJE) works to expand its share of the $13 billion global electronic games industry, a new generation of gaming consoles and mobile technologies is poised to spark a dramatic rise in game revenues in the next year.

This week, CNBC Mad Money host Jim Cramer went over the exciting market trends with GameStop Corp. (NYSE: GME) CEO Paul Raines, who said that new consoles and devices would also lead to a major boost in mobile and downloadable games.

In the second fiscal quarter of 2013, the video game retail giant’s mobile gaming sales were up 121 percent to $55.1 million. Raines said the company expects to make up to $850 million in 2013 from the sales of digital content as the electronic games industry grows 20-30 percent.

That’s tremendous news for OBJE, as the company is already investing in the future of gaming by building a robust portfolio of mobile games and applications. As global demand engaging new gaming content grows, the company is seeking out new acquisitions of emerging game development companies complete with libraries of assets that can help OBJE more effectively leverage emerging technologies such as cloud computing, discrete product placement and micro-transactions to capitalize on the explosion in console, smartphone and tablet usage across the globe.

Obscene Interactive, OBJE’s gaming division, is working to deliver a wide range of innovative gaming products for the Apple (NASDAQ: AAPL) App Store and Google (NASDAQ: GOOG) Play platforms alongside companies such as Electronic Arts (NASDAQ: EA).

Editor’s Comment: That’s US$13 billion set to go up in smoke while children starve in many parts of Asia and Africa.