The dot –com crash presented new challenges as well as new opportunities to e-business entrepreneurs to rethink and reshape their business strategy and orientation. The research will be of great interest because it will evaluate the internal environment of two different innovative online industries which are the online gambling and the social networks. The gap that has been identified and will be carried out through this research, concerns whether it is feasible and possible for social networks to adopt platforms with real money and what the consequences will be to the online gambling industry
Over a year ago Facebook announced a business relationship with Gamsys, a UK based Internet gambling game developer and operator. They decided to pull the plug on the actual implementation until after the Facebook IPO. They were not interested in spooking the SEC probity effort potentially delaying the IPO or perhaps even putting it into question.
Research and Markets: The Global Cloud-Based Gaming Market to Grow At A ... Business Wire (press release) Freemium is the most productive business model in the present age of digital distribution.
Vasileios Volikakis's insight:
ccording to the report, one of the major drivers is the increase in audience numbers for social media games and mobile games. This audience is different from the PC or console-based gaming audience. Social media gaming and mobile gaming audiences require an instant streaming of video games, which is possible only through cloud-based gaming services.
The family behind bet365, one of the world's largest online sports betting sites, are set to be the UK's first gambling billionaires. Peter Coates, 75, his daughter Denise, 45, and son John, 43, are now worth an estimated £925 million - just 13 years after they launched the firm.
Zynga on Tuesday announced it is launching two-real money games in the UK on April 3rd: ZyngaPlusPoker and ZyngaPlusCasino. Since these are both gambling games, only residents 18-years-old and up will be able to play them.
ZyngaPlusPoker is an online poker room that offers UK players a wide variety of games and tournaments with buy-ins at every level.ZyngaPlusCasino brings players more than 160 slots games and a variety of table games to choose from including Blackjack, Roulette, Baccarat and Video Poker as well as the first-ever FarmVille-themed slots game.Both ZyngaPlusPoker and ZyngaPlusCasino will offer players a host of welcome packages including real money bonuses and free cash on deposit. No matter whether players choose to play using the download or on the web, they will use a single wallet shared across both versions
Since its inception in 2007, Zynga has generated more than $1.5 billion in revenues — a remarkable sum for such a young company. It is now trying to seize the leading share of a $9 billion virtual goods market that it believes could triple in the next five years.
Reports from the U.K. claim that the social network is in talks with various gambling companies with a view to developing real money gambling on the site. Read this blog post by Chris Matyszczyk on Technically Incorrect.
"Our commitment to providing a safe, secure and appropriate experience for teenagers is a fundamental principle of Facebook. The suggestion that we would make any decision that doesn't carefully consider the impact on this audience is short-sighted and, frankly, offensive to the hundreds of people who work to keep kids safe and the many parents at Facebook. Beyond that, we're not going to comment on the multiple layers of speculation occurring here."
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