The Basic concept of the logo is to express the funn and excitement in skateboarding, by using the curves and lines from the shape of the "psycho" fonts, we can imagine it as a skatepark, which is so many tricks we can use in it.
The Collor Red and Black are represent the meaning of the word "Psycho" itself, which is sound horrific and adrenaline pumping as the game itself.
The Devil tail shape is only an iconic thing to support emergeing the "Psycho" image from the logo.