Caesars Scoops Up Social Networking Free-Play Site Pacific Interactive

Caesars<span id="more-12811"></span> Scoops Up Social Networking Free-Play Site Pacific Interactive

Caesars Interactive’s purchase of Pacific Interactive adds the latter’s House of Fun social gaming app to the Playtika repertoire (Image: Pacific Interactive)

If a novel had been become discussing Caesars Entertainment Corp., it could easily be called ‘Debt and Acquisition’; the casino operator generally seems to bounce back and forth between racking up IOUs and everything that is purchasing can get their hands on. The chapter that is latest of this book involves Israeli-based social video gaming company Pacific Interactive, and it makes Company Number Four in Caesars ongoing expansion to the popular free-play social gaming market.

‘Free-Play’ Isn’t Always Free

No purchase terms were released regarding the sale, but Caesars is now the proud owner of House of Fun, a digital slot-machine, free-play gaming site. Needless to say, ‘free-play’ does not always turn into precisely free; these social media gaming sites have turned into lucrative online businesses by providing tempting, affordable add-ons of additional game that is digital often under a buck each to players, many of whom access the website via Twitter.

For Pacific Interactive founder and CEO Omri Shitreet, it’s all about movin’ on up.

‘Our company is excited to become listed on one of many largest & most effective social and mobile games companies in the world,’ said Shitreet. ‘We are confident that beneath the Playtika umbrella, I will be able to deliver an also better game experience for the players while during the time that is same great value for our brand new shareholders.’

According to video gaming industry Eilers Research analyst and online gaming expert Adam Krejcik, Pacific which is independently held pulled in somewhere between $25 and $30 million for 2013, with 3/4 of that coming from Twitter patrons and 1/4 from various mobile apps.

Krejcik told investors recently that the site that is social rated ninth on Eiler’s social casino tracker, the type of companies with A facebook presence. Pacific claims to have 700,000 users each and about 2.7 million per month day.

Social Gaming Proving Lucrative for Caesars

Caesars, needless to say, is not a new comer to online or gaming that is social the organization’s 2013 profits from Caesars Interactive’s social gaming presence alone brought in $290 million. Their other social web sites include their kingpin World Series of Poker brand, also Playtika and several Buffalo Studios-produced games. Based on Eilers, Playtika was a $103 million purchase for the gaming conglomerate, while Buffalo Studios was found for $45 million. And the video gaming analyst company states Caesars is on a good path with all these acquisitions.

‘ We believe Caesars acquired both companies at attractive multiples,’ said an Eilers report. ‘ In fact, its acquisition of Playtika has turned out to be one of the merger-and-acquisition deals that are best we have seen in the past five years.’

Caesars claims it plans to merge Pacific’s products into its existing Playtika social and mobile gaming platforms. They also noted that Pacific’s 100-plus worker base internationally will be safe in retaining their roles following the merger.

The deal is also a plus, saying the House of Fun addition will simply pull in new users to his business’s platforms for Playtika’s CEO Robert Antokol.

‘The acquisition allows us to offer a new quality product to our loyal user base and also to attract new users,’ stated Antokol. ‘We believe the team that is talented Pacific Interactive not only brings with it an original product, but is likewise a strong addition to your group and add to our market leadership in the category.’

Besides Caesars Interactive, other global gaming businesses such as for example International Game Technology (IGT), Zynga and Scientific Games -have found success in the social gaming market segment. IGT operates the DoubleDown Casino online. Krejcik says this move that is latest by Caesars may, in fact, make IGT and these other companies intensify their social gaming presence.

Adelson’s Anti-Online Gambling Crusade Tries to Smite Its Enemies

Like devout warriors on a sanctioned crusade, Sheldon Adelson’s Washington, D.C. anti-online gambling lobbying brigade claims to stand for might and right (Image: 20th Century Fox)

Let it maybe not be said that Coalition to Stop online Gambling creator and backer Sheldon Adelson isn’t getting his money’s worth together with new Washington, D.C. lobbying dream group. That being stated, it are tough to pay attention with their message bought and taken care of by one of the casino operators that are largest in the world, with land casinos throughout the U.S. and Macau, among other nations and not snicker simply a teensy, tinsy little bit.

Fervor and Condemnation

Not since Carrie country and the temperance movement regarding the early century that is 20th McCarthy’s impassioned anti-Communist followers has such zealotry been demonstrated, spurred to action by those opposed to online gaming’s wicked spread. But this might be the time that is first advocates represent a person who has no problem whatsoever with that vice, provided that it occurs on terra firma.

It seems the coalition’s latest effort included a media conference via telephone a week ago, with five of Adelson’s key lobbyists on their virtual soap boxes. Of course, these soldiers are typical highly paid mercenaries, but in battle, one does just what is essential to win the war.

‘Internet gambling expands like a disease,’ decried Denver that is former Mayor Webb (D). ‘Jobs would be lost,’ he added, as he espoused the view that once gambling can be acquired in-house literally no one would ever leave theirs again.

Then there’s the children whose life would be damaged forever, according to retired U.S Sen. Blanche Lincoln (R-Ark), who sees those who support Internet gaming being a kind of Fagin from ‘Oliver Twist,’ recording the minds and manipulating those things of the innocents by placing ‘casinos in the pouches of young ones, 24/7.’

And let’s not overlook terrorism and money laundering, which, needless to say, could never set foot in a land casino anywhere. Former New York Governor George Pataki (R) is convinced that online gambling is a menace to national safety, and used an FBI letter’s key points to emphasize this truth that is inalienable.

Every one of the phone speakers got behind the idea that Congress must move now to stop this recognized blight on mankind, while an interim ‘timeout’ on Internet gambling should be set in position meanwhile to halt the spread of this Bubonic that is new Plague.

Alfonso Aguilar representing the Latino Partnership for Conservative Principles as well as its executive manager said, ‘This just isn’t an America that we want.’ He stated he had been certainly one of 39 organizations that are faith-based came on board and so are seeing the light.

C4COP Takes Up Arms

Fighting back, of course as we now have reported recently may be the newly formed Coalition for Consumer and Online Protection (C4COP), and that outfit has its muscle that is own behind. Major casino operators MGM Resorts International, Caesars Entertainment Corp., Station Casinos, and Boyd Gaming Corp., and others, are staunchly gambling that is pro-Internet and have the backup military of this American Gaming Association the casino industry’s main lobbying voice and a group to which Adelson ironically belongs to carry the rear in their return volleys.

Of course, with Adelson’s extensive muscle that is financial C4COP will require all the ammo they will get to fire back, as the nevada Sands CEO has said he will ‘spend whatever it takes’ to place the ultimate bullets and tie the loads for this Rasputin-esque form of evil. Never mind he invested we know how that worked out whatever it took to try to get Romney elected back in 2012, and. Confidence is king if you have more income than God himself.

The unspoken white elephant in the room, of course, is the possibility that Adelson is more concerned that online gaming may take a bite out of his massive casino kingdom’s income share, more than actually being worried concerning the Artful Dodgers and money launderers taking over the world. And with three states already ready to go with Internet gambling into the U.S. (Nevada, Delaware and nj), and another possible 10 eyeing legislation making it happen in their states also, it would seem that not just has this horse left the barn, but possibly an entire stampede as well.

And Congress has shown a regular lack of interest in getting too fervently included in either part of this debate, without doubt in part because it is an election 12 months for many, and they don’t wish to tick anyone off. Two present bills for, and one against, Internet gaming may find no backing that is substantial either direction.

Baltimore Ravens RB Ray Rice Arrested at Atlantic City Casino

Baltimore Raven’s running straight back Ray Rice could take hot water after an altercation with his fiancée at Revel reportedly got beyond control (Image:

Ray Rice had a players paradise free coins tough 12 months last season his figures had been down and the Baltimore Ravens didn’t even make the playoffs within their attempt to defend their Super Bowl title. But people that are few going to remember that after the news headlines he is causeing the week. Rice and his fiancée were both arrested and faced with simple assault after having a altercation that is physical an Atlantic City casino early Saturday morning, and there’s some dispute as to precisely exactly how serious the incident was.

Revel Altercation Reported

According to reports, casino protection at the Revel Casino called officers through the Atlantic City Police Department at about 2:50 am Saturday morning. That was in reaction to a dispute that is domestic Rice and fiancée Janay Palmer, one which was recorded by video surveillance cameras, police said.

Neither Rice nor Palmer wanted any medical attention, and neither said they had sustained any injuries. But given the video evidence, both were faced with simple assault-domestic violence before being released.

Rice’s attorney called the event a ‘very small altercation that is physical’ and the Ravens appeared to want to relax and play down the incident because well.

‘We are aware of the Friday evening situation with Ray Rice and his e that is fianc&eacute, said Ravens director of public relations Chad Steele. ‘We have spoken with Ray, and know that they returned home together after being detained.’

Team Affiliation Unaffected

More prominent users of the Ravens organization said they had not yet spoken to Rice. According to Baltimore basic manager Ozzie Newsome, neither he nor head advisor John Harbaugh had spoken to Rice on Monday, but both planned to do this within the day that is next. Newsome also said that he expects Rice to be with the still team in 2014.

Philadelphia lawyer Michael Diamondstein was hired to represent Rice within the case, and seems confident that there will not be much towards the incident after the facts are released.

‘ We now haven’t seen any documents that are charging,’ Diamondstein said. ‘There was a quarrel that included Ray. I can’t give any details because we now haven’t seen the document yet. Once we are in a position to undergo the evidence, it should find yourself to be little more compared to a misunderstanding.’

Revel staff also stated that Rice who they say was hanging down at the Revel’s Royal Jelly Burlesque Nightclub having a group of about eight people earlier in the night was pleasant to them during their stay.

‘When he was here, they had been having a great time,’ said Scott Russo, manager of operations at the nightclub. ‘[He] ended up being extremely good to the staff.’

Despite the reaction that is low-key the incident in most quarters, you can find rumors that it may, in fact, happen more severe than reported. Sports news site cited an anonymous ‘tipster’ who claimed that the incident was more violent than Rice’s camp is willing to acknowledge, saying that a female (presumably Palmer) spit on Rice, after which it he punched the woman, knocking her out. But, there has been no hard evidence to back up this version of events.

Ray Rice has scored 37 touchdowns and rushed for 6,180 yards over his six periods within the NFL. However, he could be coming off a down year in which he tallied just 660 yards rushing and four touchdowns. Rice is in the exact middle of a five-year, $35 million agreement utilizing the Ravens, and is also understood to be active in the group’s anti-bullying promotions; one thing which could possibly add gas to this domestic firestorm.

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