Caesars Interactive’s purchase 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 become discussing 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 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 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 regarding the sale, but Caesars is now the proud owner of House of Fun, an electronic slot-machine, free-play gaming site. Of course, ‘free-play’ doesn’t always become precisely 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, a lot of whom access your website via Twitter.
For Pacific Interactive founder and CEO Omri Shitreet, it’s all about movin’ on up.
‘We are excited to become listed on one of the largest and a lot of successful social and games that are mobile on the planet,’ said Shitreet. ‘We are confident that beneath the Playtika umbrella, we are able to deliver an also better game experience for the players while at the same time creating 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 apps that are mobile.
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 day, and about 2.7 million each month.
Social Gaming Proving Lucrative for Caesars
Caesars, of course, is not not used to online or gaming that is social 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, in addition to Playtika and several 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 business claims Caesars is on a path that is good all of these acquisitions.
‘ 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 days gone by five years.’
Caesars states it plans to merge Pacific’s products into its existing Playtika social and mobile gaming platforms. They also noted that Pacific’s 100-plus employee base all over the world could be safe in retaining their roles 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 new users to their business’s platforms.
‘The acquisition we can provide a quality that is new to our devoted individual base and to attract new users,’ said Antokol. ‘We think the talented team at Pacific Interactive not only brings with it a distinctive product, but is likewise a strong addition to the team and increase our market leadership in 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 segment. IGT operates the DoubleDown Casino online. Krejcik states this latest move by Caesars may, in fact, 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)
Let it not be said that Coalition to Stop Internet Gambling creator and backer Sheldon Adelson isn’t getting his money’s worth with his new Washington, D.C. lobbying fantasy group. That being stated, it can be difficult to pay attention with their message bought and paid for by one of the casino operators that are largest 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 associated with the early twentieth century or 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 ainsworth players paradise slots be the first time those advocates represent somebody who has no issue whatsoever with that vice, so long as it takes place on terra firma.
It seems the coalition’s effort that is latest involved a media conference via telephone a week ago, with five of Adelson’s key lobbyists on their virtual detergent boxes. Of course, these soldiers are extremely paid mercenaries, but in battle, one does just 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, theirs again as he espoused the view that once gambling is available in-house literally no one would ever leave.
After which there’s the kids whose everyday lives would be damaged 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,’ shooting the minds and manipulating those things of the innocents by placing ‘casinos within 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 security, and used an FBI letter’s key points to emphasize this truth that is inalienable.
Every one 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 prevent the spread of this Bubonic that is new Plague.
Alfonso Aguilar representing the Latino Partnership for Conservative Principles and its particular administrator director said, ‘This is not an America that we wish.’ He said he was one of 39 faith-based companies that came on board and therefore are seeing the light.
C4COP Takes Up Arms
Fighting back, needless to say as we have reported recently could be the newly formed Coalition for Consumer and Online Protection (C4COP), and that outfit has its very own muscle behind it. Significant casino operators MGM Resorts International, Caesars Entertainment Corp., Station Casinos, and Boyd Gaming Corp., amongst others, are staunchly gambling that is pro-Internet and have the backup military 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 program, with Adelson’s extensive financial muscle, C4COP will need all the ammo they could possibly get to fire straight back, as the nevada Sands CEO has said he will ‘spend whatever it takes’ to place the final bullets and tie the loads to this Rasputin-esque form of wicked. 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 additional money 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 kingdom’s revenue share, more than really being worried about the Artful Dodgers and cash launderers taking around the globe. And with three states already installed and operating 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 consistent shortage of interest in getting too fervently included in either part of this debate, without doubt in component they don’t want to tick anyone off because it is an election year for many, and. Two recent bills for, and one against, Internet gaming can find no significant backing in either direction.
Baltimore Ravens RB Ray Rice Arrested at Atlantic City Casino
Baltimore Raven’s running right back Ray Rice could be in warm water after an altercation with his fiancée at Revel reportedly got out of hand (Image: rollingout.com)
Ray Rice had a year that is tough season their numbers had been 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 planning to remember that after the headlines he is making this week. Rice and his fiancée were both arrested and faced with simple attack after having a altercation that is physical an Atlantic City casino early Saturday morning, and there’s some dispute as to precisely how serious the incident was.
Revel Altercation Reported
According to reports, casino safety during the Revel Casino called officers through the Atlantic City Police Department at about 2:50 am morning saturday. That was at reaction to a dispute that is domestic Rice and fiancée Janay Palmer, the one that 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 video evidence, both were charged with simple assault-domestic violence before being released.
Rice’s attorney called the incident a ‘very small physical altercation,’ and the Ravens showed up to want to relax and play down the incident because well.
‘We know about the Friday night 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. Based on Baltimore general manager Ozzie Newsome, neither he nor head coach John Harbaugh had spoken to Rice on Monday, but both planned to take action within the day that is next. Newsome also said that he expects Rice to still be with the team in 2014.
Philadelphia lawyer Michael Diamondstein has been hired to express Rice in the full situation, and seems confident that there will not be much towards the incident once the facts are released.
‘ We haven’t seen any charging documents yet,’ Diamondstein said. ‘There was a quarrel that included Ray. I can not give any details because we now haven’t seen the document yet. Once we’re able to proceed through the evidence, it should find yourself to be a bit more compared to a misunderstanding.’
Revel staff also stated that Rice who they say was hanging out at the Revel’s Royal Jelly Burlesque Nightclub with a group of about eight people earlier in the day in the was pleasant to them during their stay night.
‘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 low-key response to the incident generally in most quarters, there are rumors that it may, in fact, were more severe than reported. Sports news site Deadspin.com cited an anonymous ‘tipster’ who claimed that the event was more violent than Rice’s camp is willing to admit, saying that a female (presumably Palmer) spit on Rice, and after that he punched the woman, knocking her out. However, there has 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 periods within the NFL. However, he could be coming off a down year in which he tallied just 660 yards rushing and four touchdowns. Rice is in the exact middle of a five-year, $35 million contract utilizing the Ravens, and is also known if you are active in the team’s anti-bullying campaigns; something that could possibly add gas to this domestic firestorm.