Caesars Interactive’s acquisition of Pacific Interactive adds the latter’s home of Fun social gaming app to the Playtika repertoire (Image: Pacific Interactive)
If a novel had been to be discussed Caesars Entertainment Corp., it could easily be called ‘Debt and Acquisition’; the casino operator seems to bounce back and forth between racking up IOUs and buying everything they can get their hands on. The latest chapter of this book involves Israeli-based social video gaming company Pacific Interactive, and it makes Company Number Four in Caesars ongoing expansion in to the popular free-play social gaming market.
‘Free-Play’ Isn’t Always Free
No purchase terms were released on 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 constantly turn into precisely free; these social media gaming sites have turned into lucrative online businesses by providing tempting, affordable add-ons of additional digital game tokens often under a buck each to players, lots of whom access the website via Facebook.
For Pacific Interactive founder and CEO Omri Shitreet, it’s all about movin’ on up.
‘We are excited to join one of many largest & most successful social and mobile games companies in the world,’ said Shitreet. ‘We are confident that beneath the Playtika umbrella, we are able to deliver an also better game experience for our players while during the time that is same great value for our brand new shareholders.’
According to 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, among those 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, of course, isn’t new to online or gaming that is social the business’s 2013 revenues 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 name, in addition to Playtika and a few Buffalo Studios-produced games. Based on Eilers, Playtika was a $103 million purchase for the gaming conglomerate, while Buffalo Studios was acquired for $45 million. And the gaming analyst company says Caesars is for a path that is good 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 intends to merge Pacific’s products into its existing Playtika social and mobile video gaming platforms. They also noted that Pacific’s 100-plus worker base around the world would be safe in keeping their jobs after 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 permits us to offer a quality that is new to our devoted individual base and to attract brand new users,’ stated Antokol. ‘We think the talented team at Pacific Interactive not only brings with it an original product, but may also be a strong addition towards the team and increase our market leadership within the category.’
Besides Caesars Interactive, other global video gaming businesses such as for example International Game Technology (IGT), Zynga and Scientific Games -have found success in the social gaming market section. IGT operates the DoubleDown Casino online. Krejcik states this latest move 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)
Allow it maybe not be said that Coalition to Stop Web Gambling creator and backer Sheldon Adelson isn’t getting their money’s worth together with brand new Washington, D.C. dream team that is lobbying. That being said, it may be difficult to listen for their message bought and taken care of by one of the casino operators that are largest in the entire world, with land casinos throughout the U.S. and Macau, among other nations and not snicker just a teensy, tinsy little bit.
Fervor and Condemnation
Not since Carrie country and the temperance movement of the very 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 could be the time that is first advocates represent an individual who has no problem whatsoever with that vice, so long as it takes place on terra firma.
This indicates the coalition’s latest effort included a media conference via telephone last week, with five of Adelson’s key lobbyists on the virtual soap containers. Of course, these soldiers are extremely paid mercenaries, but in battle, one does just what is necessary to win the war.
‘Internet gambling expands such as for instance 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 obtained in-house literally no one would ever leave theirs once again.
After which there’s the children whose life would be damaged forever, according to U.S that is retired Sen Lincoln (R-Ark), whom sees those who support Internet gaming as being a kind of Fagin from ‘Oliver Twist,’ shooting the minds and manipulating those things of the innocents by putting ‘casinos into the pouches of children, 24/7.’
And let’s not overlook terrorism and cash 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 protection, and utilized an FBI letter’s key points to emphasize this truth that is inalienable.
Every one of the phone speakers got behind the notion that Congress must move now to stop this recognized blight on humanity, while an interim ‘timeout’ on Internet gambling should be set in place 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 isn’t an America that we wish.’ He said he was one of 39 faith-based businesses that attended on board and are also seeing the light.
C4COP Takes Up Arms
Fighting back, needless to say as we now have reported recently is the newly formed Coalition for Consumer and Online Protection (C4COP), and that outfit has its muscle that is own behind. Significant casino operators MGM Resorts International, Caesars Entertainment Corp., Station Casinos, and Boyd Gaming Corp., amongst others, are staunchly pro-Internet gambling, and have now the backup military for the American Gaming Association the casino industry’s main lobbying voice and a group to which Adelson ironically belongs to carry the rear within their return volleys.
Of program, with Adelson’s extensive muscle that is financial C4COP will require all the ammo they could possibly get to fire straight back, as the vegas Sands CEO has said he will ‘spend whatever it takes’ to put the last 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 when you yourself have more cash than God himself.
The unspoken elephant that is white the room, needless to say, is the possibility that Adelson is more concerned that online gaming may take a bite out of his massive casino kingdom’s revenue share, more than actually being worried concerning the Artful Dodgers and cash launderers taking around the world. And with three states already installed and operating with Internet gambling into the U.S. (Nevada, Delaware and nj), and another possible 10 eyeing legislation making it happen in their states too, it would seem that not just has this horse left the barn, but possibly a stampede that is entire well.
And Congress has shown a frequent absence of interest in getting too fervently involved in either part of this debate, no doubt in part they don’t want to tick anyone off because it is an election year for many, and. Two present bills for, and one against, Internet gaming can find no backing that is substantial either aussie-pokies.club direction.
Baltimore Ravens RB Ray Rice Arrested at Atlantic City Casino
Baltimore Raven’s running back Ray Rice could take warm water after an altercation with his fiancée at Revel reportedly got out of control (Image: rollingout.com)
Ray Rice had a year that is tough season his figures had been down and the Baltimore Ravens didn’t even make the playoffs within their attempt to protect their Super Bowl title. But few people are going to keep in mind that after the news headlines he’s causeing this to be week. Rice and his fiancée were both arrested and charged 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 severe the incident was.
Revel Altercation Reported
According to reports, casino safety at the Revel Casino called officers from the Atlantic City Police Department at about 2:50 am morning saturday. That was at response to a domestic dispute between Rice and fiancée Janay Palmer, one which was recorded by video surveillance cameras, police said.
Neither Rice nor Palmer desired any medical attention, and neither said they had sustained any injuries. But given the video evidence, both were faced with simple assault-domestic physical violence before being released.
Rice’s lawyer called the event a ‘very minor physical altercation,’ and the Ravens showed up to want to try out down the event as well.
‘We understand the Friday evening situation with Ray Rice and his e that is fiancé, 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 people of the Ravens organization said they hadn’t yet spoken to Rice. According to Baltimore basic supervisor Ozzie Newsome, neither he nor head advisor John Harbaugh had talked to Rice on Monday, but both planned to do so in the overnight. Newsome also said which he expects Rice to still be with the team in 2014.
Philadelphia lawyer Michael Diamondstein was hired to represent Rice into the situation, and seems confident that there will not be much to the incident after the facts are released.
‘ We now haven’t seen any charging documents yet,’ Diamondstein said. ‘There was a disagreement that included Ray. I can’t give any details because we now haven’t seen the document yet. Once we are able to proceed through the evidence, it should ramp up to be little more than a misunderstanding.’
Revel staff also said that Rice who they say had been hanging away at the Revel’s Royal Jelly Burlesque Nightclub with a group of about eight people early in the day within the was pleasant to them during their stay night.
‘When he was here, they were having a time that is great’ stated Scott Russo, manager of operations at the nightclub. ‘[He] was extremely good to your staff.’
Despite the low-key reaction to the incident in most quarters, there are rumors that it may, in fact, happen more severe than reported. Sports news site Deadspin.com cited an anonymous ‘tipster’ whom 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. Nonetheless, there’s been no hard evidence to back this version up 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 year that is down which he tallied just 660 yards rushing and four touchdowns. Rice is in the middle of a five-year, $35 million contract utilizing the Ravens, and is also understood for being mixed up in group’s anti-bullying campaigns; one thing that could possibly add fuel to this firestorm that is domestic.