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 had been become discussing Caesars Entertainment Corp., it could easily be called ‘Debt and Acquisition'; the casino operator appears to bounce back and forth between racking up IOUs and purchasing everything they 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 Number Four in Caesars ongoing expansion into 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’ doesn’t always turn into precisely free; these social media gaming sites have turned into lucrative internet businesses by providing tempting, affordable add-ons of additional game that is digital often under a money each to players, lots of whom access your website via Facebook.
For Pacific Interactive founder and CEO Omri Shitreet, it’s all about movin’ on up.
‘Our company is excited to participate among the largest & most effective social and games that are mobile on the planet,’ said Shitreet. ‘We are confident that underneath the Playtika umbrella, we are in a position to deliver an even better game experience for our players while during the same time creating great value for our new shareholders.’
According to video 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, those types of companies with A facebook 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, is not new to online or social gaming; the business’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, also Playtika and Buffalo that is several Studios-produced. According to Eilers, Playtika was a $103 million purchase for the gaming conglomerate, while Buffalo Studios was acquired for $45 million. And the video gaming analyst company claims 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 merger-and-acquisition deals that are best we’ve seen in the past five years.’
Caesars says it intends 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 is safe in retaining 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 allows us to provide a new quality item to our devoted user base also to attract new users,’ said Antokol. ‘We think the talented team at Pacific Interactive not only brings with it an original item, but will also be a strong addition to your group and add to our market leadership within the category.’
Besides Caesars Interactive, other global video gaming businesses such as 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 move that is latest 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 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 perhaps not be said that Coalition to Stop Internet Gambling creator and backer Sheldon Adelson isn’t getting their money’s worth along with his brand new Washington, D.C. lobbying fantasy group. That being said, it are tough to pay attention to their message bought and covered by one of the largest casino operators in the 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 associated with 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 might 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.
It appears the coalition’s effort that is latest included a media conference via telephone the other day, with five of Adelson’s key lobbyists on the virtual detergent containers. Of course, these soldiers are very paid mercenaries, but in battle, one does 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, theirs again as he espoused the view that once gambling is available in-house literally no one would ever leave.
And then there is the children whose lives would be destroyed forever, according to U.S that is retired Sen Lincoln (R-Ark), whom sees those who support Internet gaming as a type of Fagin from ‘Oliver Twist,’ capturing the minds and manipulating the actions of the innocents by placing ‘casinos into the pockets of young ones, 24/7.’
And allow’s not overlook terrorism and money 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 emphasize this inalienable truth.
Each of the phone speakers got behind the idea that Congress must move now to stop this identified blight on humanity, while an interim ‘timeout’ on Internet gambling should be set in position meanwhile to halt the spread of this brand new Bubonic Plague.
Alfonso Aguilar representing the Latino Partnership for Conservative Principles as well as its professional manager said, ‘This is not an America that we wish.’ He said he was certainly one of 39 organizations that are faith-based attended up to speed and tend to be seeing the light.
C4COP Takes Up Arms
Fighting back, needless to say as we have reported recently could be the newly formed Coalition for customer and Online Protection (C4COP), and that outfit has its very own muscle behind it. Major casino operators MGM Resorts International, Caesars Entertainment Corp., Station Casinos, and Boyd Gaming Corp., amongst others, are staunchly gambling that is pro-Internet and also have the backup army of 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 course, with Adelson’s extensive muscle that is financial C4COP will need all the ammo they could possibly get to fire straight back, as the Las vegas, nevada Sands CEO has said he will ‘spend whatever it takes’ to put the ultimate bullets and tie the loads for this Rasputin-esque form of wicked. Never mind he invested whatever it took to get Romney elected right back in 2012, and now we understand how that worked out. Confidence is king when you yourself have 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 income share, more than actually being worried about the Artful Dodgers and cash launderers taking around the world. And with three states already installed and operating with Internet gambling within the U.S. (Nevada, Delaware and New Jersey), and another possible 10 eyeing legislation making it happen in their states aswell, it would seem that not merely 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 because it’s an election 12 months for many, and they do not wish to tick anyone down. Two present bills for, and one against, Internet 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 beyond control (Image: rollingout.com)
Ray Rice had a tough 12 months last season their figures were down and the Baltimore Ravens didn’t even make the playoffs inside their attempt to defend their Super Bowl title. But people that are few likely to keep in mind that after the news headlines he’s making this week. Rice and his fiancée were both arrested and charged with simple assault after a altercation that is physical an Atlantic City casino very early Saturday morning, and there’s some dispute as to exactly just 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 at reaction to a domestic dispute between Rice and fiancée Janay Palmer, the one that was recorded by video surveillance cameras, police said.
Neither Rice nor Palmer wanted any attention that is medical and neither said they had sustained any injuries. But given the video evidence, both were charged with simple assault-domestic physical violence before being released.
Rice’s lawyer called the event a ‘very small physical altercation,’ and the Ravens showed up to want to try out down the incident because 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 basic manager Ozzie Newsome, neither he nor head advisor John Harbaugh had talked to Rice on Monday, but both planned to do so within the overnight. Newsome also said which he expects Rice to still be with the group in 2014.
Philadelphia lawyer Michael Diamondstein is hired to express Rice within the full case, and seems confident that there will not be much to your incident after the facts are released.
‘ We haven’t seen any charging documents yet,’ Diamondstein said. ‘There was an argument that included Ray. I can not give any details because we now haven’t seen the document yet. Once we are able to undergo the evidence, it should find yourself to be a bit more than the usual misunderstanding.’
Revel staff also stated that Rice who they say was hanging out at the Revel’s Royal Jelly Burlesque Nightclub by having a group of approximately eight people previously into the evening was pleasant to them in their stay.
‘When he was here, they had been having a time that is great’ said Scott Russo, manager of operations at the nightclub. ‘[He] had been extremely nice to the staff.’
Despite the reaction that is low-key the incident in most quarters, aussie-pokies.club you will find rumors that it may, in reality, happen much more serious than reported. Sports news site Deadspin.com cited an anonymous ‘tipster’ who claimed that the incident was more violent than Rice’s camp is willing to acknowledge, saying that a woman (presumably Palmer) spit on Rice, and after that he punched the woman, knocking her out. Nonetheless, there’s been no hard evidence to back up this variation of events.
Ray Rice has scored 37 touchdowns and rushed for 6,180 yards over their 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 exact middle of a five-year, $35 million contract using the Ravens, and is also known if you are active in the team’s anti-bullying campaigns; one thing that could possibly add fuel to this firestorm that is domestic.