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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 :

James Blunt in Uk Lotto Ad - The UK National Lottery is flighting its latest television advertisement in the #PleaseNotThem series, which has previously featured Vinnie Jones and Katie Price, who have endured a fair amount of social media abuse in the past.

Interesting Poker Income Tax Case in USA - The key issue was whether either PokerStars, PartyPoker or FirePay was a financial institution, JDSupra reports, with the court concluding that whilst Pokerstars and PartyPoker did not fall within such a definition, FirePay did.

Pokerstars #RaiseIt Campaign Drawing Attention - The two celebrities exhibit remarkable skills ranging from downing drones with golf balls and footballs to spectacular shooting skills with balls and eggs.

Nevada Improves in Fiscal Year 2016 - The end of June 2016 saw the completion of the Nevada gambling fiscal year, which ended just short of 1 percent up on fiscal 2015 with total revenue of $11.12 billion, according to a report issued Friday by the Nevada Gaming Control Board.

PAGCORP TIGHTENING UP ON INTERNET GAMBLING PERMITS - The Philippine Games and Amusement Corp. has revoked the permits of 124 online e-game outlets throughout the country for violation of its existing rules and regulations... specifically that the permit holders had no actual venues, The Manila Standard newspaper reported Friday.

Joe Fortune Casino - #australia Joe Fortune was created to deliver Australian players the ultimate Pokies, Table Games, Video Poker, Keno and Scratchies online

Thunderbird Slot Launched - The latest online slot from the Rival Gaming studios is a 5 reel, 50 pay-line game with a theme based on the mythical and magical world of the Thunderbird.

3 new Acquisitions for Stride Gaming - The acquisitions will be partly funded by a placing of shares at 225p per share, raising GBP 27 million the company said Thursday; the remainder of the consideration will provided by the issue of new shares and from the company’s cash resources.

169 Computes Seized in gambling Raids in Melaka Tengah - District police chief ACP Shaikh Abdul Adzis Shaikh Abdullah said 19 individuals had also been arrested and charged with online gambling offences after police raids on more than thirty venues.

32red Revenues H1-2016 - The 32Red online gambling group posted its H1-2016 numbers Friday, reporting record net gaming revenue at GBP 30.4 million - up an impressive 63 percent year-on-year. Other metrics recorded by the group included:

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