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Tag: Gambling

  • Waiting for an emotion: Double Down Interactive President Glenn Walcott on what drives people to virtually gamble
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    Waiting for an emotion: Double Down Interactive President Glenn Walcott on what drives people to virtually gamble

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    When Double Down Interactive President Glenn Walcott gave a speech about building a successful business at this year's Casual Connect, he started it off by shooting 1,000 one-dollar bills into the audience. Judging him only on that impression, one might draw the conclusion that virtual gambling is all people make it out to be: a money-hungry space obsessed with the bottom line. 
  • Social games and gambling: what a long strange trip it’ll be
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    Social games and gambling: what a long strange trip it’ll be

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    Gambling is coming to a social game near you. This was the unanimous opinion of everyone who attended GIGse, the Global Gaming Expo, in San Francisco last week. The big question is when?The answer, based on the all the legal and regulatory roadblocks that exist, is not anytime soon. And, in the ad-libbed words of the Grateful Dead, "what a long strange trip it'll be."
  • Crowdpark launches two new games with a gambling twist
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    Crowdpark launches two new games with a gambling twist

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    I bet you a soda you don't read this entire post from start to finish, and with the new AnteUp game from Crowdpark I could make that bet a reality. The social gaming company with a penchant for wagers has announced two new casino-themed games that have just released, Pet Vegas and the previously mentioned AnteUp.
  • What Zynga’s Internet gambling intentions says about 4th quarter earnings
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    What Zynga’s Internet gambling intentions says about 4th quarter earnings

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    It's official. According to AllThingsD, Zynga has confirmed that it is currently investigating getting into Internet gambling, assuming it is made legal (which it will be).It should come as no surprise that Zynga is seeking partners in Internet gambling. Zynga Poker is still the top poker game on Facebook, Zynga has announced plans to create a Zynga Casino suite of games, and there has been a lot of merger and acquisition (M&A) activity around social game companies that focus on casinos recently.What is surprising is that they are tipping their hand around this strategy, just a month after going IPO. Internet gambling still is illegal in the US and Zynga just went public with the intention of becoming the number company to play games, not to gamble. So, why the admission, when it would have been just as easy to play it coy?
  • IGT buys Double Down Interactive for $500 million in real money
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    IGT buys Double Down Interactive for $500 million in real money

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    IGT, a leading gaming (and by gaming, I really mean, gambling) company, has placed a huge bet that social games is the next frontier to the gaming business by acquiring Double Down Interactive for $500 million.Double Down Interactive is the developer of hugely successful DoubleDown Casino, which attracts 14 million daily active users (DAUs) and 4.7 million monthly active users (MAUs) month playing in their virtual slot machines for virtual money.