C.SKLLNews..
ORIGINAL: Royal Wins Completes Purchase of Antics Gaming LLC
2021-09-08 07:00 ET - News Release
Toronto, Ontario--(Newsfile Corp. - September 8, 2021) - Royal Wins Corporation. (CSE: SKLL) ("Royal Wins" or the "Company") is pleased to announce that the Company has completed a Purchase and Sale Agreement (the "Agreement") to acquire Antics Gaming LLC ("Antics") of Las Vegas, Nevada. (See press release dated August 12, 2021)
This acquisition is a significant building block in the Royal Wins' global development strategy, marking its first direct foray into the United States. The addition of Antics and its popular Winning With Words game, further establishes the Company's ongoing working relationship with Samsung, Apple and Skillz Inc.
Antics is a Nevada limited liability company established in 2019. The Antics studio is an innovative software development gaming company which holds the sole license to develop and operate Winning With Words, a skill-based word game, currently offered on the Skillz platform.
Winning With Words offers a completely new challenge and set of skills for competitive players to master. A true challenge for the fast and "wordious", players have less than 30 seconds to arrange nine letters on to a grid to make as many three-word combinations as possible. It sounds simple, but with multipliers for rare letters and words that can pay twice (like pat and tap), players can earn huge scores. Winning with Words metrics outperform traditional casual games. In 2020, Winning With Words achieved an outstanding cash conversion rate of 10%. Paying users averaged 6 games per Daily Active User ("DAU") with average total Revenue per Paying DAU at 42 cents.
Under the terms of the agreement, Royal Wins will acquire current and future assets of games developed by Antics including the popular hyper casual game Winning with Words for cash consideration of US$75,786.98 and 298,048 common shares of the Company priced at C$0.21/share and totaling US$50,000.
About Royal Wins
Royal Wins is an innovative digital games studio pioneering skill game wagering and betting on mobile casual games. Established in 2014, we design, develop, and operate real money wagering skill games, to disrupt and dominate the online gaming space such that all players of legal age can play and win life-changing jackpots and prizes on their skill instead of only on chance and odds. Our primary innovation and intellectual property centres around solving big data problems around skill gaming mechanics, algorithms pertaining to balancing cash jackpots, game difficulty modules, and maintenance of player payout percentages.
Royal Wins has released a suite of pure skill mobile games on Android and iOS mobile/tablet platforms via their skill gaming app, the Kash Karnival.
Royal Wins is listed on the Canadian Securities Exchange under the ticker symbol SKLL.
For more information please contact:
Royal Wins Corporation
Nicholas Konkin
Communications Director
Phone: 1 647 249 9299, ext. 305
E-mail: ir@royalwins.com