Caesars Interactive’s acquisition 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 appears 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 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 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 become precisely free; these social media gaming sites have turned into lucrative online businesses by providing tempting, inexpensive add-ons of additional game that is digital often under a money 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 have been excited to become listed on among the largest & most successful social and mobile games companies on earth,’ said Shitreet. ‘We are confident that beneath the Playtika umbrella, we will be in a position to deliver an also better game experience for our players while during the same time producing 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 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, 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, is not a new comer 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, in addition to Playtika and a few Buffalo Studios-produced games. According to Eilers, Playtika was a $103 million purchase for the gaming conglomerate, while Buffalo Studios was acquired for $45 million. And the gaming analyst company states Caesars is on a good path with each one of these purchases.
‘ We believe Caesars acquired both ongoing companies at attractive multiples,’ said an Eilers report. ‘ In fact, its acquisition of Playtika has turned out to be one of the most useful merger-and-acquisition discounts we have seen in yesteryear five years.’
Caesars says 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 globally would be safe in retaining their roles 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 brand new users to their company’s platforms.
‘The acquisition we can provide a new quality product to our loyal 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 item, but will also be a strong addition to your group and add to our market leadership into 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 portion. IGT operates the DoubleDown Casino online. Krejcik states this latest move by Caesars may, in reality, 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 perhaps not be said that Coalition to Stop online Gambling creator and backer Sheldon Adelson isn’t getting his cash’s worth along with his new Washington, D.C. lobbying fantasy team. That being said, it may be hard to pay attention to their message bought and covered by one of the largest casino operators in the planet, 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 very early century that is 20th McCarthy’s impassioned anti-Communist followers has such zealotry been demonstrated, spurred to action by those compared 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 takes place on terra firma.
It appears the coalition’s effort that is latest involved a media conference via telephone the other day, with five of Adelson’s key lobbyists on the virtual soap boxes. Of course, these soldiers are highly paid mercenaries, but in battle, one does just what is necessary to win the war.
‘Internet gambling expands such as 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 once again.
After which there is the youngsters whose life would be damaged forever, according to retired U.S Sen. Blanche Lincoln (R-Ark), whom sees those who support Internet gaming as a type of Fagin from ‘Oliver Twist,’ taking the minds and manipulating the actions of the innocents by putting ‘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 security, and utilized an FBI letter’s key points to emphasize this truth that is inalienable.
Most of the phone speakers got behind the notion that Congress must move now to stop this observed 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 executive manager said, ‘This is not an America that we want.’ He stated he had been one of 39 faith-based businesses that came up to speed and tend to be seeing the light.
C4COP Takes Up Arms
Fighting back, needless to say as we’ve reported recently is the newly formed Coalition for customer and Online Protection (C4COP), and that outfit has its very own muscle mass behind it. Major casino operators MGM Resorts International, Caesars Entertainment Corp., Station Casinos, and Boyd Gaming Corp., amongst others, are staunchly pro-Internet gambling, while having the backup military regarding 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 course, with Adelson’s extensive monetary muscle, C4COP will need all the ammo they can get to fire straight back, as the Las Vegas Sands CEO has said he will ‘spend whatever it takes’ to place the last bullets and tie the weights to this Rasputin-esque form of wicked. Never mind he invested whatever it took to get Romney elected back in 2012, and we understand how that worked out. Confidence is king when you’ve got more cash than God himself.
The unspoken elephant that is white the room, needless to say, could be 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 about the Artful Dodgers and cash launderers taking over the world. And with three states already up and running with Internet gambling in the U.S. (Nevada, Delaware and nj-new jersey), and another possible 10 eyeing legislation to make it happen in their states aswell, 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 shortage of interest in getting too fervently involved in either part of this debate, without doubt in part they don’t want to tick anyone off because it is an election year for many, and. Two recent bills for, and one against, Web gaming can find no significant backing in either direction.
Baltimore Ravens RB Ray Rice Arrested at Atlantic City Casino
Baltimore Raven’s running straight back Ray Rice could take heated water after an altercation with his fiancée at Revel reportedly got out of 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 within their attempt to defend their Super Bowl title. But people that are few going to keep in mind that after the news headlines he is causeing the week. Rice and his fiancée were both arrested and faced with simple attack after having a real altercation at an Atlantic City casino very early Saturday morning, and there’s some dispute as to precisely how severe the incident was.
Revel Altercation Reported
According to reports, casino security at the Revel Casino called officers through the Atlantic City Police Department at about 2:50 am morning saturday. That was in response to a dispute that is domestic Rice and fiancée Janay Palmer, one which was recorded by video surveillance digital cameras, police said.
Neither Rice nor Palmer desired any attention that is medical and neither said they had sustained any injuries. But given the evidence that is video 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 try out down the incident as well.
‘We are aware of 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 said they hadn’t yet spoken to Rice. Based on Baltimore general manager Ozzie Newsome, neither he nor head advisor John Harbaugh had spoken to Rice on Monday, but both planned to take action within the overnight. Newsome also said he expects Rice to be with the still group in 2014.
Philadelphia lawyer Michael Diamondstein has been hired to represent Rice in the situation, and seems confident that there won’t be much to your incident when 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 specifics because we haven’t seen the document yet. Once we’re in a position to go through the evidence, it should end up to be bit more when compared to a misunderstanding.’
Revel staff also said 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 day into 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] had been extremely good to the staff.’
Despite the reaction that is low-key the incident generally in most quarters, you will find rumors that it may, in reality, were more severe 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 lady (presumably Palmer) spit on Rice, after which he punched the woman, knocking her out. Nevertheless, there’s 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 seasons within the NFL. However, he is coming off a down year in which he tallied just 660 yards rushing and four touchdowns. Rice is in the middle of a five-year players surfers paradise queensland, $35 million contract with all the Ravens, and is also known to be active in the group’s anti-bullying campaigns; something which could possibly add fuel to this firestorm that is domestic.