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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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Recent Gambling News :

Tau Gaming Set To Launch - There's a wealth of online gambling experience behind the founders of Tau Gaming, which has contracted with Dragonfish to launch new online casino and bingo brands on the market before the end of the year.

Jumpman Gaming claims it is the first to launch video bingo games in the UK - Alderney licensed Jumpman Gaming, a developer founded just two years ago, has made the rather bold claim that it is the first to launch a catalogue of Video Bingo games within the UK through the 15 Network.

The7Stars in deal with Coral - The performance of London marketing agency The7Stars in promoting the Coral interactive brands so impressed Gala Coral that its involvement has been expanded to embrace Gala Interactive.

Youbetme raises 2.7 Million - US investors seem to like social gaming firm Youbetme, which has raised a further $2.7 million in funding this week following its $1,2 million in start-up funding back in January this year.

BALLY - SCIENTIFIC GAMES MERGERS COMPLETED - Completing the Bally transaction brings together two exceptional organizations with a common culture of innovation and customer focus, said Gavin Isaacs, president and chief executive officer of Scientific Games.

Xanadu To Double Staff - The Irish online gambling software developer Xanadu, set up by three Irish entrepreneurs with 8 employees in 2011, is to more than double its staff from 106 to 220 in 2015, the company announced in a statement Friday.

CONTINENT 8 IS ISLE OF MAN'S COMPANY OF THE YEAR - Continent 8 Technologies, which over the last 15 years has established itself as a top provider of managed hosting and network solutions to many of the world’s largest online businesses, has been named ‘Company of the Year’ in the 2014 Isle of Man Newspapers Awards for Excellence.

DId Pokerstars Manager Release Italian Casino News Too Early - The newly appointed manager for Pokerstars in Italy, Marco Trucco, may have let the cat out of the bag in his interview earlier this week disclosing the online poker giant's plans to introduce casino and sports betting in the near future

New Jersey loses sports betting case - The state of New Jersey looks set to return to the Third Circuit Court of Appeals following another adverse decision from Judge Michael Shipp Friday as the state battled national sports leagues in its bid to introduce intrastate sports betting

Malaysia plans to send enforcement officers to China to study anti-online gambling tactics - Malaysia is to turn to the human rights-challenged Chinese government for assistance in tackling illegal online gambling, corruption and prostitution, Minister of Home Affairs Datuk Seri Ahmad Zahid Hamidi told reporters Saturday after visiting an exhibition held in conjunction with the 60th anniversary of the Film Censorship Board.

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