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WILL FACEBOOK ENTER THE ONLINE GAMBLING MARKET
Wednesday, November 30 ,2011 : Whispers, speculation and nudges follow an exploratory dinner in London
The industry was alive with speculation Wednesday evening following what appears to have been an indiscreet disclosure from a guest at a Facebook-hosted dinner in London the night before.
The nudge and nose-tapping whisper was that the get-together with selected industry execs was of an exploratory nature. It follows reports earlier this year that Facebook execs had met with a number of industry people with a view to examining the idea of limited "licensing of appropriate internet gambling companies" for real-money operations associated with the giant social networking site, and rumours that the company has hired a small staff complement to investigate internet gaming possibilities.
With the currently hostile legal environment in the United States, any venture would clearly have to be free-play, or if commercial would have to be in one - or perhaps more - of the regulated markets outside the United States, at least until that nation's lawmakers come to their online gambling senses.
If the United Kingdom is destined to be the initial target, then the requirements of the UK Gambling Commission would have to be met, making a partnership with a well established and reputable company or companies desirable.
Facebook is reportedly gearing up for an IPO to raise $10 billion next year, recently lightened up on gambling ads, and already has an arrangement with Zynga, whose social game Zynga Poker has been a runaway success with over 35 million users a month.
Thus far the rumour and speculation on a deeper involvement in the industry has gone unconfirmed by companies alleged to have had representatives at the dinner, all of which have declined to comment.
Until something more concrete emerges, InfoPowa will do the same.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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