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01/04/2012 : Similar concept to a Vegas Sportsbook
The industry saw another example of the thin line between social gaming and a potential cross-over to online gambling in Socialitize Ltd's launch of a new social betting game 2BET2 on Facebook this week.
The new game for Facebook users in essence provides players with an online sportsbook betting on current real-life sporting events using BB$, the game's virtual currency.
Players are able to bet on global sports events against the house or against one another using betting odds derived in the same way as a conventional sportsbook on all major sports including Football (League and College), Basketball (Association and College), Hockey, Baseball, 25 different European Football leagues, Rugby Union/League, Cricket, Tennis and Golf.
Socialitize's chief executive officer Adrian Brink is well versed in the real world of online gambling having established internet lotteries during his tenure as lottery director at Inter Lotto, a charitable foundation licensed by the Lichtenstein government in 1995 and various other positions within the industry.
"I saw an opportunity to provide a betting experience to the millions of sporting fans in jurisdictions where conventional sports betting is illegal or unavailable," said Brink. "We have tried to remain true to the style and form of more normal sports books while at the same time adding these great social hooks. While we may not achieve the level of monetisation as the large bookmakers, we are well positioned to achieve far greater levels of player participation."
"Users love the social betting hooks within the game," added Brink. "By showing players their friends' bets and allowing them to taunt or respect these bets we achieve a level of social interaction far higher than one sees in many other Facebook games. This – together with the Challenge-a-Friend functionality – really brings home the difference between 2BET2 and other betting games."

Gambling News :

Playstudios in Deal With Borgata AC - Free-to-play casino developer PLAYSTUDIOS’ latest rewards partnership is with Borgata Hotel Casino & Spa, Atlantic City who joins the myREWARDS loyalty platform providing in-game perks to its customers.

Nektan plc has raised an additional GBP 2.75 million - Mobile gaming content developer Nektan plc has raised an additional GBP 2.75 million through the issue of GBP 2.39 million of Convertible Loan Notes and a placing of 232,258 new Ordinary Shares of GBP 0.01 each.

Playtech's troubles over its acquisition of Ava Trade continue - Playtech's troubles over its acquisition of Ava Trade Ltd continued Tuesday with an update from the company suggesting that it has been unable to resolve the opposition to the deal of the Central Bank of Ireland, and will formally challenge the bank's decision.

BetFair Completes BookBuilt Offering - The two companies, acting on an agency basis for shareholders of Betfair who are connected parties of founder Edward Wray in respect of 3 million placing shares.

Insider Use Of Data By Fandule and Draftkings Employees - Daily fantasy sports market leaders DraftKings and FanDuel are trying to manage a growing row in social and international mainstream media over allegedly "insider" use of data by employees in order to gain monetary advantage.

Twitch and Pokerfirma Official WSOPE Reporters - #wsope The World Series of Poker has announced that this year's streaming and live reportage on WSOP Europe has been contracted to Twitch and the German online publication Pokerfirma respectively.

DraftKings in Deal With Maple Leafs, Raptors and Toronto FC - #draftkings #dfs The Center is the base where DraftKings has agreed to set up an interactive zone for its DFS players similar to those the operator has incorporated in NFL stadiums in the USA.

Winning Poker Network Under another DDOS Attack - Winning Poker Network has confirmed that it was again the subject of a Distributed Denial of Services attack late Sunday - the latest in a series targeting the operator, who has refused to pay ransom to the perpetrators in the past.

Norway To Tackle Illegal Gambling Ads - Norway’s media authority Medietilsynet has identified a “massive increase in illegal gambling advertising directed at Norway” prompting it to enter into dialogue with counterparts in the UK, Spain and the Netherlands.

REMOTE GAMBLING BEHAVIOUR STUDY UNDERWAY - The study will be conducted in two phases, and builds on the research into customer behaviour on gaming machines in licensed betting officers published in December 2014.

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