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FACEBOOK TO OFFER REAL MONEY ONLINE GAMBLING

Tuesday August 7,2012 : FACEBOOK TO OFFER REAL MONEY ONLINE GAMBLING
 
Venture launches in UK with 18 year age restriction
 
Social gaming giant Facebook has taken the plunge into online gambling for real money - but only in the UK at present, and only for punters aged over 18 years, according to a report in Tuesday's Financial Mail.
 
British users aged 18 and over are being offered the opportunity to play online bingo for cash prizes. Slot machine games will be added in the coming weeks, the respected newspaper reports.
 
Julien Codorniou, Facebook’s head of gaming for Europe, Middle East and Africa, told the FT: “Gambling is very popular and well regulated in the UK … for millions of bingo users it’s already a social experience [so] it makes sense [for us] to offer that as well.”
 
The news settles long time speculation on whether Facebook and other social networking sites would introduce real money gambling products to boost revenues.
The FT points out that Zynga, Facebook’s largest gaming partner, is hoping to introduce real-money gambling versions of its poker, bingo and slot machine games in 2013.
 
For now and the foreseeable future, the US legal and political climate precludes Facebook making similar moves in its home nation, but there are a number of European countries that now have formalised online gambling regulatory regimes.
 
Clive Hawkswood, the CEO of trade body the Remote Gaming Association, described the Facebook move as a significant development, telling the Financial Times:
 
“Bingo is at the softer end of the gambling spectrum and online bingo often has chat forums alongside so it’s an obvious match for Facebook. A lot of people have said why haven’t they done it before because there’s a difficulty in monetising what they have – this is one way of bringing in revenues.”
 
Facebook will launch the Bingo Friendzy app in a joint venture with Gamesys, one of the UK’s largest online gambling operators, to target the social network’s large online audience.
 
“We are a distribution platform for Gamesys – they have the games and we bring the audience,” said Codorniou.
 
He said Facebook was in discussions with other gambling companies about expanding its offerings which could include casino games such as blackjack and roulette, but he said “nothing concrete” had been agreed.



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Tim Chung Wins MPNPT Manchester - The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.

MPNPT Manchester Day 2 - Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.

Day 1B MPN Poker Tour Manchester - Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.

Day 1A MPNPT Manchester - The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days

Kung Fu Rooster Slot Goes Live - Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.

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3 New Betsoft Slots - 3 new Betsoft slot Games were also added this week to most online casinos allowing US players.

2017 Bodog Super Millions Poker Open - The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.

Pokerstars Pulls Out Of Coloumbia - Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.

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