Facebook has no plans to offer gambling or even for-cash social gaming, according to a key European executive who works with games and gambling companies.
"I don’t think so, there’s too much money in free to play games," Julien Codorniou, Facebook’s head of European partnerships.
International Game Technologies’ Double Down Interactive, which claims to have the world’s largest virtual casino, or even 888 Holdings’ Mytopia games.
"The margin in online gambling is so low," he said. "On virtual chips, it’s 100 percent — 70 percent after Facebook takes its portion."
Codorniou works with clients such as London-based King.com and Berlin-based Wooga, the second- and third-largest social gaming companies behind $5bn Zynga.