This Week in Gambling - News
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This Week in Gambling - News
This Week in Gambling - News
News for Online Gambling, Land Based Casinos, and Social Gaming
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MGM Resorts to launch social gaming site

MGM Resorts to launch social gaming site | This Week in Gambling - News | Scoop.it

American bricks-and-mortar casino operator MGM Resorts International has announced plans to launch a social gaming site over the next three months.

Las Vegas-based MGM Resorts launched its M Life customer rewards programme website in January of last year that awards players with a range of one-of-a-kind experiences and insider privileges and stated that its new social gaming domain would recreate the ‘Las Vegas Strip experience’ and exclusively feature its brands.


“I'm very proud of our efforts with M Life,” said James Murren, Chairman and Chief Executive Officer for MGM Resorts. “We are seeing tangible benefits of capturing increased customer spend at our properties. We think this will continue and expand with the recent addition of our non-gaming amenities to our rewards programme. We're very actively now cross-marketing our regional properties to drive market share and increase visits to Las Vegas and we expect this trend will only improve with the marketing relationship we have created with Ameristar.


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Casino news | Playtech Issue of Trust

Casino news | Playtech Issue of Trust | This Week in Gambling - News | Scoop.it

The 13-year old company has come under questioning once again following the news that they’re intending to buy a collection of social gaming gaming assets owned by none other than the company’s founder and biggest shareholder Teddy Sagi.


Sagi owns 48% of Playtech and is reportedly about to sell the companies (which haven’t been named) for around £80 million. Not only have that but Playtech’s immediate plans also included buying an office in London for £10.5 million – an office which is owned by a company that Sagi also has a connection to.


This is doubly strange given that very few companies, regardless of whether they’re in the iGaming industry or not, tends to buy offices – most preferring to rent instead. Finally Sagi will also come on as an advisor to the company that he built from the ground up for the princely sum of €1 per year. This suggests that either Sagi’s negotiation skills have declined rapidly in recent times or that there may be something strange going on at Playtech.


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Why Zynga Is Not A Gambling Company

Why Zynga Is Not A Gambling Company | This Week in Gambling - News | Scoop.it
In gaming news, gambling stock analyst Vince Martin evaluates Facebook game developer Zynga (ZNGA) of its potential in online gambling.


Earlier this month, the New York Post reported that Facebook game developer Zynga (ZNGA) was in talks with Wynn Resorts (WYNN) about a joint venture in the prospective US online gambling industry. The news did not appear to move the stock; ZNGA, in fact, fell 2% in that day’s trading, to $12.22 per share.


Over the last two-plus weeks, Zynga’s fall has accelerated; it closed Friday at $9.22. The reasons for the fall are difficult to parse; a secondary offering in late March, where shareholders sold an additional $515 million worth of shares into the market increased the stock’s “float” and may have helped push the stock down. But with a young (the company only went public in December) and speculative (Zynga is not yet profitable) stock, the drivers of even large movements like the current one-month, 33% drop can be difficult to tease out.


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Vasileios Volikakis's curator insight, May 11, 2013 8:20 AM

Without the potential for real-money house games, Zynga is left with online poker, with a initial eye to the prospective US market. From there, all Zynga needs to become an online gambling powerhouse is to see poker legalization move at a faster pace than it has, or anyone thinks it will; completely overhaul its brand image and market to a demographic that has essentially no interest in its legacy games; complete a massive upgrade of its technical capabilities; and then outsmart competitors who have decades more experience in the gambling industry and partners who have already succeeded in the cutthroat European iGaming market