By Allie Blankinship
This essentially marks Facebook’s entry into the high-paying world of online gambling. The app was created by Gamesy and, according to an article on Slate, Facebook representatives stressed this doesn’t represent a full partnership with Gamesy, but rather a single-shared project. The game was launched in Great Britain, apparently due to the high level of interest in online gambling and the quality of the gaming regulations they have in place.
Online Gambling Interdiction
Even with the online gambling interdiction in so many prime markets, online gambling continues to grow. Huge increases in online gambling are forecast for Germany, and there is cautious optimism about India and China becoming major markets for the activity. Even in the United States, as states begin to struggle with financial shortfalls, there is a growing push toward legalization and taxation of Internet gambling. It’s even possible that monetized social gaming, like the type Facebook could provide, could bridge the gap and open the door to legalization of online gambling in the United States and other countries where it’s banned. In fact, U.S. Digital Gaming has recently been created because of a former executive at Mirage Resorts. Richard Bronson paved the way because of his firm opinion in the legalization or online gambling in the United States, according to a comprehensive press release on social gaming published this year by Top 10 Best Online Casinos.
Allie Blankinship is a freelance writer and consulting analyst who is fascinated by business and finance. In her free time, she is teaching herself to code.
One does not have to be an economist to know that things are pretty bleak out there. Families and individuals are feeling the pinch already and the financial woes are just beginning. The American people just elected a president solely based on "hope" - they are not sure what that hope is, but at this point it appears to be enough.