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Virgin Video Gaming ?
6/16/10 - Virgin’s engaging founder and entrepreneur in chief, Sir Richard Branson, is renowned for identifying new and commercially exploitable trends, and his recent venture into video gaming is a good illustration of his talents.
Virgin’s partnership and rebranding of Canadian-based World Gaming last week is described by Branson as having the potential to form an online competitive platform that allows video game players to wager cash they’ll win against their opponents, and that makes kit a sure bet.
To exploit the concept, Virgin has opened an office in Toronto for Virgin Gaming, which will follow a skill-gaming business model in which people challenge equally skilled players to online video game matches and wager on the outcome. All perfectly legal, even in legally complex North America.
Virgin Gaming’s first CEO, Rob Segal, says that there are 40 million people already playing video games over the Internet through the Xbox 360 and PlayStation 3 consoles.
All Virgin Gaming has to do is tap into it, he said.
“It wasn’t a question as to whether or not there was an industry out there, the question was who’s going to be the first person to figure out how to - in an automated approach - be able to offer a product like Virgin Gaming,” Segal explained to Canadian media reporters this week.
“This is the next big thing,” he said. “It’s the future of online gaming.”
In typically Branson style, the new Virgin company will make the enterprise attractive to players, initially investing over a million dollars in prize money for the online gaming tournaments it intends to organise as a promotional exercise.
Virgin Gaming has 42 employees, mostly held over from World Gaming, and will be opening another office in Santa Monica, California, Branson revealed. It will also have access to diverse stable-mates in the wider Virgin group.
College roomies Bill Levy and Zack Zeldin, who founded World Gaming, applied the concept of poker tournaments to the video gaming field in their initial business moves and soon found they had hit on a winner, attracting Segal as an investor – one who would subsequently present the idea to Virgin.
Segal immediately saw the potential, noting that in online poker, a busy night could see over a million and a half players online contesting tournaments. With console gaming, there are more than 40 million people playing Xbox and PlayStation online, delivering even greater potential if marketed effectively.
Virgin Gaming’s automated system allows gamers of all levels to play against each other by matching competitors through a skill rating. This protects players by allowing them to challenge members who are better than they are, but not worse.
Segal said that only the biggest video game titles with a clear definition of victory, such sports games, racing games and first-person shooters will be supported by Virgin Gaming.
While signing up for the service is free, Virgin Gaming will charge tournament management fees, he said.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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