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Companies Bet Big on Casino Social Gaming
Posted By Sonya Donaldson On October 21, 2011 @ 7:00 am In Blogging and Social Media,Gaming,Internet and Online Business | No Comments
Online gambling has been a source of contention for some time now, with questions about what’s legal where, among many. But some companies might have found a way to solve the problem. And they’re betting on big-time success. Taking a cue from social gaming giant Zynga , companies like Berlin-based Crowdpark , which recently raised $6 million to fund its social betting company, lets users bet on everything from football games to celebrity weddings. And Caesars Entertainment Corp. recently purchased Slotomania developer Playtika for a cool $80 million. It’s a huge market that is largely untapped, says Sean Ryan, Facebook’s director of game partnerships.
The kicker, of course, is that gamers don’t win actual money—and they’re fine with that. Players use Facebook Credits, for example, and for now, seem happy to win virtually.
Read more at AllThingsD .
Article printed from Inc. Technology: http://technology.inc.com
URL to article: http://technology.inc.com/2011/10/21/companies-bet-big-on-casino-social-gaming/
URLs in this post:
 Zynga: http://www.zynga.com
 Crowdpark: http://www.crowdpark.com/
 AllThingsD: http://allthingsd.com/20111019/casino-social-gaming-ringing-up-big-business-on-facebook/
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