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Cyberworld Studios investing in the online social gambling market
Friday November 14,2014 : CYBERWORLD TO ENTER ONLINE SOCIAL GAMBLING MARKET
The company has partnered with an unidentified U.S. games developer and says it hopes to cash in on the lucrative and growing vertical.
Cyberworld CEO, Macleans Geo-Jaja, said, "We hope to bring real-time legal gambling to our customers in a way that will provide them an inviting, social setting that will be easily accessible and exciting. We hope to pair the excitement of Vegas casinos with the fun of competing with friends and making new friends."
The main objective of the initiative is to offer poker and other competitive games while allowing players to interact socially.
"Our research indicates that there is a significant number of players that do not wish to engage in any intense gambling but would rather make and meet new friends in a social environment online or through their smart technology," said Geo-Jaja.
The innovative games will have various social features including romantic styles and references. Screens will place more emphasis on access to chat rooms, connecting and interacting with other users, search functions and sending likes etc. Players will be allowed to remain logged on while they mingle but may remain idle at tables while active in other areas of the game.
Cyberworld is essentially an apps developer, publisher and investor in a variety of e-commerce sectors.
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Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
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The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
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2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
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