Caesars<span id="more-15279"></span> Scoops Up Social Networking Free-Play Site Pacific Interactive

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

If a novel were to be 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 business Pacific Interactive, and it makes Company quantity 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 in the sale, but Caesars is now the proud owner of House of Fun, a digital slot-machine, free-play gaming site. Of course, ‘free-play’ does not always turn into exactly 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, lots of whom access your website via Twitter.

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

‘Our company is excited to participate among the largest and most effective social and games that are mobile on the planet,’ said Shitreet. ‘We are confident that under the Playtika umbrella, we will be able to deliver an also better game experience for our players while during the time that is same great value for our new shareholders.’

According to video gaming industry Eilers Research analyst and online gaming specialist 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 site that is social 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 each month.

Social Gaming Proving Lucrative for Caesars

Caesars, needless to say, isn’t a new comer to online or gaming that is social the company’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, in addition to 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 picked up for $45 million. And the gaming analyst business says Caesars is for a path that is good all these purchases.

‘ We believe Caesars acquired both companies at attractive multiples,’ stated an Eilers report. ‘ In fact, its acquisition of Playtika has turned out to be one of the most readily useful merger-and-acquisition deals we now have seen in days gone by five years.’

Caesars claims it plans 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 worldwide will be safe in keeping their jobs following the merger.

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

‘The acquisition we can offer a quality that is new to our devoted individual base and to attract brand new users,’ stated Antokol. ‘We believe the team that is talented Pacific Interactive not only brings with it a distinctive item, but is likewise a strong addition towards the team and add to 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 portion. IGT operates the DoubleDown Casino online. Krejcik claims this move that is latest by Caesars may, in reality, make IGT and these other businesses 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 to maybe not be said that Coalition to Stop Web Gambling creator and backer Sheldon Adelson isn’t getting their cash’s worth with his new Washington, D.C. lobbying dream group. That being stated, it can be difficult to listen to their message bought and covered by one of the largest casino operators in the entire world, with land casinos throughout the U.S. and Macau, among other nations and not snicker simply 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 could be the first time those advocates represent an individual who has no problem whatsoever with that vice, provided that it happens on terra firma.

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

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

Then there’s the youngsters whose everyday lives would be damaged forever, according to U.S that is retired Sen Lincoln (R-Ark), whom sees those who support Internet gaming being a sort of Fagin from ‘Oliver Twist,’ recording the minds and manipulating those things of the innocents by placing ‘casinos in the pockets of kiddies, 24/7.’

And let’s not overlook terrorism and cash laundering, which, of course, 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 security, and used an FBI letter’s key points to stress this truth that is inalienable.

Most of the phone speakers got behind the notion that Congress must move now to stop this perceived blight on humanity, while an interim ‘timeout’ on Internet gambling should be set in place meanwhile to prevent the spread of this Bubonic that is new Plague.

Alfonso Aguilar representing the Latino Partnership for Conservative Principles and its own administrator manager said, ‘This isn’t an America that we want.’ He stated he had been one of 39 faith-based companies that have come up to speed and they are seeing the light.

C4COP Takes Up Arms

Fighting back, of course as we 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 gambling that is pro-Internet while having the backup military associated with 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 economic muscle, C4COP will need all the ammo they can get to fire right back, as the Las Vegas Sands CEO has said he will ‘spend whatever it takes’ to place the last bullets and tie the loads to the 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’ve got more money than God himself.

The unspoken white elephant in 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 about the Artful Dodgers and money launderers taking over the world. And with three states already up and running with Internet gambling into the U.S. (Nevada, Delaware and nj-new jersey), and another possible 10 eyeing legislation to make it happen in their states as well, 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 consistent shortage of interest in getting too fervently included in either side of this debate, without doubt in component because it is an election year for many, and they don’t desire to tick anyone off. Two present 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 right back Ray Rice could take heated water after an altercation with his fiancée at Revel reportedly got beyond 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 in their attempt to protect their Super Bowl title. But people that are few likely to remember that after the headlines he is making this week. Rice and his fiancée were both arrested and charged with simple attack after a altercation that is physical an Atlantic City casino very early Saturday morning, and there’s some dispute as to precisely exactly how serious the incident was.

Revel Altercation Reported

According to reports, casino safety during the Revel Casino called officers from 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 physical violence before being released.

Rice’s lawyer called the incident a ‘very minor physical altercation,’ and the Ravens appeared to want to relax and play down the incident since well.

‘We understand 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 members of the Ravens organization said they had not yet spoken to Rice. According to Baltimore basic manager Ozzie Newsome, neither he nor head coach John Harbaugh had spoken to Rice on Monday, but both planned to do this in the following day. Newsome also said which he expects Rice to be with the still group in 2014.

Philadelphia lawyer Michael Diamondstein has been hired to express Rice within the full case, and seems confident that there will not be much to your incident once the facts are released.

‘ We haven’t seen any documents that are charging,’ Diamondstein said. ‘There was a disagreement that included Ray. I cannot give any details because we haven’t seen the document yet. Once we’re able to undergo the evidence, it should end up to be bit more than the usual misunderstanding.’

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

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

Despite the low-key effect to the incident generally in most quarters, you will find rumors that it may, in reality, have already been much more serious than reported. Sports news site cited an anonymous ‘tipster’ whom claimed that the event was more violent than Rice’s camp is willing to acknowledge, 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 this version up of events.

Ray Rice has scored 37 touchdowns and rushed for 6,180 yards over his six seasons within 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 utilizing the Ravens, and is also known for being active in the group’s anti-bullying campaigns; one thing that could possibly add gas to this firestorm that is domestic.