7 Aug 2012

New Routes for Facebook as it Enters World of On-line Gambling


Facebook is innovating once again, following the disappointing stock share current value descent pattern, it seems that Facebook is now fighting back by trying to show shareholders that its value can only go up as new income possibilities are always emerging.  Facebook has launched its first very own  application for users to be able to gamble using real money.
Facebook users residents in the UK aged 18 and over, will be able to play online bingo and slots with cash prizes. Nonetheless, when it comes to world markets, it may not look so easy to offer this service to its users, as many Countries to have legal restrictions and regulations linked to on-line gambling activities for its citizens.

In this context, particularly in the US, the market for real-money social gaming is in effect closed. It has only been recently possible to play on-line however the restrictions are so tight that it becomes so difficult to implement a successful business plan including its required monitoring technology.

Facebook on-line gambling will start with the Bingo and Slots Friendzy app in partnership with Gamesys, which is a top player in the UK gambling operators. Furthermore, facebook seems to in talks with gambling companies to diversity the games to perhaps include casino games such as blackjack and roulette.

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