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SOCIAL BETTING GAME LAUNCHES ON FACEBOOK

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."

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Gambling News :

Betstars Launches in Italy - Italian sports bettors were able to access Betstars.it Wednesday, as the beta version went live across desktop and mobile channels.

Netent Exiting Canada - In the absence of a direct communication from online gambling software supplier Netent, Canadian players were left wondering this week whether they would be able to play the companys games in the future.

R.A.W.A. LANGUAGE WITHDRAWN FROM HOUSE APPROPRIATIONS BILL - It appears from Poker Players Alliance tweets that Sen. Lindsey Grahams attempt to stealthily insert Restoration of the American Wire Actlanguage into a must-pass Appropriations bill has come to an undignified end, removed from the Senate bill when it moved to the House

Corruption in online gambling regulation in Curacao - Dutch MPs Ronald Van Raak and Andre Bosman have taken their campaign against inefficiency and corruption in online gambling regulation on Curacao public in the Netherlands with interviews on national television and radio this week.

Paysafe Group Trading Update - In a trading update ahead of its annual general meeting on the Isle of Man today (Wednesday) UK payment processor Paysafe plc said that for the four months ended 30 April this year revenues and EBITDA had exceeded management expectations, with key elements including:

2016 PokerStars Spring Championship of Online Poker Main Event results - Talal Shakerchi (53), a hedge fund manager from Britain, is $1,468,001 wealthier today after taking down the 2016 PokerStars Spring Championship of Online Poker $410,000 buy-in NLHE main event, besting a field of 824 entries to do so.

Pennsylvania DA warns on gambling legalisation - John Morganelli, the District Attorney for the Northampton County District in Pennsylvania, picked his time well for a tilt at legalised online gambling this week, ensuring it preceded a debate on the subject in the House

2016 Association of Gaming Regulators Conference in Australia - Gambling regulators from around the world will be travelling to Australia later this year for the 2016 annual conference of the International Association of Gaming Regulators (IAGR) which has been scheduled to take place in Sydney from October 31 to November 3.

Gambling regulatory breaches for British Columbia Gambling Companies - 3,215 violations of the Gaming Control Act were recorded in the year ended March 31 2016, compared with the same period in the preceding year, when just 385 transgressions were noted.

2016 Harrah's New Orleans Main Event Results - Texan recreational player and soon to be retired federal agent David Hubbard has taken down the last $1,675 buy-in Main Event of the season in the Big Easy earning his first Circuit ring, a seat into the Global Poker Championship, and a payday of $235,500.

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