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Cyberworld Studios investing in the online social gambling market

Friday November 14,2014 : CYBERWORLD TO ENTER ONLINE SOCIAL GAMBLING MARKET
 
But who is the mystery industry partner?
 
Cyberworld Studios, Inc., a Salt Lake City-based subsidiary of the publicly listed Direct Equity International, Inc., announced Wednesday that it is investing in the 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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Gambling News :

Tain Fast Bet - Our readers will recall Tain recently increased the number of live events it covers each month to 23,000, covering both traditional markets such as football, tennis and US sports and the more obscure curling, biathlon and Water Polo.

Olympic Entertainment Group Mobile Gaming - In its full-year 2016 report, Olympic Entertainment Group (OEG) has informed the establishment of a Malta-based company registered to facilitate its intended expansion into remote gambling.

Circus Evolution HD Slot - Malta-based content provider World Match has released its first title of 2017, “Circus Evolution HD”, a 5-reel, 3-row, circus-themed adventure offering Free Spins, Wilds and a Bonus Game.

Kindred Group Gets EU Recommendation on Consumer Protection - Kindred Group (formerly Unibet) has become the first operator to successfully meet the requirements of the EU Recommendation on Consumer Protection and Responsible Gambling following an external audit.

17 Crown people still detained - Reports from China over the weekend suggest that the 17 Crown people still detained could be looking at another twelve months of imprisonment as investigations into their alleged and still unspecified crimes drag on

SB1400 Virginia Poker Skill Game Bill - Her bill SB1400 is currently with the Senate General Laws and Technology Committee, whose 15 members will decide whether to progress it or condemn the Senator to another year of failure.

Pennsylvania Video Gaming Association - With the focus on Pennsylvania as the most likely next US state to legalize online gambling as part of a general gambling expansion measure, reporters noted this week the emergence of a new lobbying group in the state - the Pennsylvania Video Gaming Association.

Stiffer Problem Gambling Penalties in UK - The Guardian newspaper reports that the UK Gambling Commission plans to unveil new enforcement strategies on problem gambling and money laundering prevention this month, laying down tougher penalties for operators who fail to tackle these issues.

Malaysian police Destroy over 5000 Gambling Computers - Malaysian police in Kajang have destroyed 5,042 computer sets seized in online gambling raids over the past two years, explaining that the action is designed to take the machines out of circulation.

Spartan Poker vs SpartanPoker name War - Pokerguru, which owns the brand SpartanPoker.com, has threatened to sue the Indian Poker Championship over its use of the title Spartan Poker, and recently published a notification that it is not associated with the IPC version of the brand.

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