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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."
Gold Diadem Casino Launches -
The new destination offers online gaming and betting across multiple platforms utilising EveryMatrix’ OddsMatrix, GamMatrix and Casino Engine.
Ambiance Slot Launches -
The game is a 20-payline video slot offering Wilds and a New Scatter Collect feature. Each line win creates a unique combination of sounds, and collecting five or more scatter symbols triggers an equal amount of free spins, with additional spins awarded if more scatters are collected during free spins mode.
Totolotek has launched an HbbTV app -
HbbTV (Hybrid Broadcast Broadband Television) is a pan-European specification for interactive television delivered over both broadcast and broadband Internet connections. It deploys information and entertainment services to HbTV-enabled set-top boxes and iDTVs.
Player Wins AU$327 000 Online -
While the player, identified only as D.C., racked up a series of wins on several games, he/she hit a big one on Microgaming’s Burning Desire video slot for AU$298,000.00.
Jenny Rosberg Nominated to NEtent Board -
The Committee also proposed the re-election of the current directors Vigo Carlund, Fredrik Erbing, Mikael Gottschlich, Peter Hamberg, Michael Knutsson, Pontus Lindwall and Maria Redin.
BetatHome full year 2014 results -
Betclic Everest SAS Group subsidiary Bet-At-Home.com AG said it had continued successful operations following the above-average momentum of previous quarters in its full year 2014 results.
Great Q1 Results for Gala Coral -
Gala Coral Group is hailing strong online and multichannel growth in its latest quarterly performance while bemoaning the impact of adverse football results.
Antigua Issues another WTO warning to USA -
There's almost a sense of Groundhog Day ("a situation in which a series of unwelcome or tedious events appear to be recurring in exactly the same way") about the World Trade Organisation dispute between the United States and Antigua over online gambling, which has entered its 11th year in 2015....but here we go again.
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