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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 :

Macau Revenue decline in April less than expected - That's the question analysts are asking after the April numbers were released yesterday by the Macau Gaming Inspection and Coordination Bureau, showing that the monthly decline of 9.5 percent was less than had been anticipated by analysts.

2016 EPT Grand Final Super High Roller - Twenty-three-year-old German professional poker player Ole Schemion is probably celebrating a remarkable achievement this weekend - his fourth seven-figure live tournament win in a sparkling career that has rewarded him with earnings of over $10 million.

VIP Casino Closes - VIP Casino.com, a stablemate for Intercasino in the Canadian-listed Intertain online gambling group since 2014, has advised players that it has closed, referring them to sister-site Intercasino.

Sen. Dianne Feinstein's Opposed to California Online Poker - California's senior senator, Dianne Feinstein, reportedly voiced her opposition to the latest online poker legalisation attempt in California - Assembly Bill 2863 - prior to its consideration by the Assembly’s Governmental Organization Committee last week.

New Netent Slot : Football: Champions Cup - Interactivity is a strong element in the new slot, enabling players to build their own team strips or choose one randomly, and participate in the innovative bonus feature, the player selects where penalty goal shots should go.

Run It Up Resorts Rumble - Pokerstars New Jersey has wasted no time in deploying its global "onlive" experience to the local market in partnership with its land-based teammate Resorts Casino Hotel and Twitch ace Jason Somerville.

WSOP Administrative improvements - With its 47th edition due to kick off at the end of May this year, the World Series of Poker has announced a number of administrative improvements designed to make players' lives easier.

Australia to clampdown on online gambling - Whilst the federal government has authority and jurisdiction on online gambling, consumer credit, and television and internet advertising, the feds will have to work with the states and territories in the imposition of the proposals, especially as regards consumer protection measures.

Isle of Man Looking at digital currencies - Mark Rutherford, deputy chief executive of the GSC, told CoinDesk that the move addresses “a small hook in our gambling law” – but one not necessarily being driven by demand from licensees.

FanDuel and DraftKings exit Alabama - #dfs Alabama daily fantasy sport fans will be unable to participate in competitions following a decision Friday by market leaders DraftKings and FanDuel to leave the market in compliance with a "cease and desist" letter from state Attorney General Luther Strange.

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