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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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Atlantic City Online Casinos Doing Great -
Total casino revenues from all sources, including third party sales, increased from $1,750,124,000 in the first six months of 2015 to $1,776,095 this year, an increase of approximately $26 million, or 1.5 percent over last year.
EagleStrike Fantasy Sports Fantasy Sports Terminals -
A spokesman for EagleStrike told media outlets this week that the project only allows fantasy players who are physically located at terminals to enter contests, thus removing the unfair advantage experienced DFS players enjoy on online and mobile platforms.
Playtech Updates in 2016 -
The traditional post-interim results media conference by Playtech executives this week provided some interesting insights into the companys future plans and present priorities; among the revelations by chief executive officer Mor Weizer were the following:
Pokerstars and Betstars Now in Romania -
The licensing becomes effective from September 1 this year, enabling PokerStars.ro, BetStars.ro and Full Tilt to ditch temporary licensing they have been using to date in the Eastern European country.
New Online Poker Start Up -
The Malta-based online poker brand PokerGrant and EvenBet Gaming, a subsidiary of Russian software development group Enterra have partnered up to launch a new start-up focused enterprise providing prospective operators with real-money poker skins on its new network.
Aqua Slot -
GVC Holdings has announced the release on an exclusive basis to Danske Spil of a new slot developed by its in-house team and themed on Denmarks most successful ever pop act, Aqua, who shot to fame with their 1997 smash hit and all round ear-worm, Barbie Girl.
TriStar Pictures Releasing Movie on #DFS -
The book is reportedly the definitive work on the DFS scandals and enforcement reactions that have featured in mainstream and online media for much of the last eighteen months. It is due to hit booksellers sometime in 2017.
Newgioco Group continues to expand -
Italy-facing online gambling operator Newgioco Group, Inc. (formerly the OTC-listed Empire Global Corp.) has issued an update on its recent achievements, presumably to maintain share price momentum.
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