Caesars Scoops Up Social Media Free-Play Site Pacific Interactive

Caesars<span id="more-6775"></span> Scoops Up Social Media 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 were become written about 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 latest chapter of this book involves Israeli-based social 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 in 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 become exactly free; these social media gaming sites have turned into lucrative internet businesses by providing tempting, cheap add-ons of additional game that is digital often under a dollar each to players, lots of whom access the site via Facebook.

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

‘we have been excited to join among the largest and a lot of effective social and mobile games companies on earth,’ said Shitreet. ‘We are confident that under the Playtika umbrella, we are in a position to deliver an even better game experience for the players while at the same time producing great value for our brand new shareholders.’

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

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

Social Gaming Proving Lucrative for Caesars

Caesars, of course, is not new to online or social gaming; the company’s 2013 profits from Caesars Interactive’s social gaming presence alone brought in $290 million. Their other social sites include their kingpin World Series of Poker brand name, as well as Playtika and Buffalo that is several Studios-produced. Based on Eilers, Playtika was a $103 million purchase for the gaming conglomerate, while Buffalo Studios was acquired for $45 million. And the video gaming analyst business states Caesars is for a good path with each one of these purchases.

‘ We believe Caesars acquired both companies at attractive multiples,’ stated an Eilers report. ‘ In fact, its acquisition of Playtika has ended up being one of the most readily useful merger-and-acquisition deals we now have seen in the last five years.’

Caesars claims it intends to merge Pacific’s products into its existing Playtika social and gaming that is mobile. They also noted that Pacific’s 100-plus worker base all over the world could be safe in keeping their jobs after the merger.

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

‘The acquisition we can provide a quality that is new to our devoted individual base and also to attract new users,’ stated Antokol. ‘We think the talented team at Pacific Interactive not only brings with it a unique item, but may also be a strong addition towards the team and increase our market leadership within the category.’

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

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

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

Let it perhaps not be said that Coalition to Stop Web Gambling creator and backer Sheldon Adelson isn’t getting their cash’s worth with his brand new Washington, D.C. dream team that is lobbying. That being said, it could be hard 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 small 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 first time those advocates represent somebody who has no issue whatsoever with that vice, as long as it happens on terra firma.

This indicates the coalition’s latest effort involved 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 highly paid mercenaries, but in battle, one does exactly what is important to win the war.

‘Internet gambling expands such as for instance a disease,’ decried former Denver Mayor Wellington 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 kids whose life would be destroyed forever, according to retired U.S Sen. Blanche Lincoln (R-Ark), whom sees those who support Internet gaming as being a kind of Fagin from ‘Oliver Twist,’ catching the minds and manipulating the actions of the innocents by placing ‘casinos into the pockets of kiddies, 24/7.’

And allow’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 safety, and used an FBI letter’s key points to stress this inalienable truth.

All of the phone speakers got behind the idea 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 prevent the spread of this brand new Bubonic Plague.

Alfonso Aguilar representing the Latino Partnership for Conservative Principles and its executive manager said, ‘This just isn’t an America that we wish.’ He said he had been certainly one of 39 organizations that are faith-based came up to speed and are seeing the light.

C4COP Takes Up Arms

Fighting back, needless to say as we now have reported recently may be the newly formed Coalition for Consumer and Online Protection (C4COP), and that outfit has its own muscle behind it. Major casino operators MGM Resorts International, Caesars Entertainment Corp., Station Casinos, and Boyd Gaming Corp., among others, are staunchly gambling that is pro-Internet and have now the backup army for the 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 program, with Adelson’s extensive muscle that is financial C4COP will need all the ammo they could possibly get to fire back, as the Las Vegas Sands CEO has said he will ‘spend whatever it takes’ to place the final bullets and tie the loads to the Rasputin-esque form of wicked. Never mind he spent we know how that worked out whatever it took to try to get Romney elected back in 2012, and. Confidence is king when you have more income than God himself.

The unspoken elephant that is white the room, of course, could be the possibility that Adelson is more concerned that online gaming may take a bite out of his massive casino empire’s revenue share, more than really being worried concerning the Artful Dodgers and cash launderers taking over the world. And with three states already ready to go with Internet gambling into the U.S. (Nevada, Delaware and nj-new jersey), and another possible 10 eyeing legislation making it happen in their states too, it would seem that not only 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 included in either side of this debate, no doubt in part because it is an election 12 months for many, and they do not desire to tick anyone off. Two recent bills for, and one against, Web gaming could find no backing that is substantial either direction.

Baltimore Ravens RB Ray Rice Arrested at Atlantic City Casino

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

Ray Rice had a year that is tough season his figures were down and the Baltimore Ravens didn’t even make the playoffs inside their attempt to defend their Super Bowl title. But few people are planning to remember that after the headlines he’s causeing this to be week. Rice and his fiancée were both arrested and faced with simple assault following a real altercation at an Atlantic City casino very early Saturday morning, and there’s some dispute as to exactly how serious the incident was.

Revel Altercation Reported

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

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

Rice’s attorney called the event a ‘very small physical altercation,’ and the Ravens showed up to want to try out down the incident since well.

‘We understand the Friday evening situation with Ray Rice and his fiancée,’ 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 stated they hadn’t yet spoken to Rice. In accordance with Baltimore general supervisor Ozzie Newsome, neither he nor head coach John Harbaugh had talked to Rice on Monday, but both planned to do so in the following day. Newsome also said he expects Rice to still be with the team in 2014.

Philadelphia lawyer Michael Diamondstein happens to be hired to represent Rice into the instance, and seems confident that there will not be much towards the incident when the facts are released.

‘ We now haven’t seen any documents that are charging,’ Diamondstein said. ‘There was an argument that included Ray. I cannot give any details because we now haven’t seen the document yet. Once we’re able to go through the evidence, it should ramp up to be a bit more compared to a misunderstanding.’

Revel staff also stated that Rice who they say ended up being hanging out at the Revel’s Royal Jelly Burlesque Nightclub having a group of approximately eight people early in the day in the was pleasant to them during their stay night.

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

Despite the low-key effect to the incident in most quarters, you can find rumors that it may, in fact, have already been much more serious than reported. Sports news site cited an anonymous ‘tipster’ whom claimed that the incident was more violent than Rice’s camp is willing to admit, saying that a female (presumably Palmer) spit on Rice, after which he punched the woman, knocking her out. Nonetheless, there is no hard evidence to back up this variation of events.

Ray Rice has scored 37 touchdowns and rushed for 6,180 yards over his six periods in the NFL. However, he’s 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 agreement using the Ravens, and is also understood if you are active in the group’s anti-bullying campaigns; one thing that could possibly add fuel to this domestic firestorm.