Regulating Play Money Social Gambling Sites: Is It Coming?

Regulating Play Money Social Gambling Sites: Is It Coming?

Should play money social media gambling be managed like its real cash siblings? There are arguments for both edges. (Image supply: Insidesocialgames.com)

For many gamblers, the excitement of the casino doesn’t really exist without one key feature: cash. The possible risk of losing and thrill of winning cash is what drives most gamblers to play at all. But even though that not a solitary penny is at stake, online ‘social casinos’ remain incredibly popular. These games allow players to savor blackjack, poker, slots, and a host of other games on Facebook as well as other media that are social for no cost, and millions of players take part in and enjoy these games every day.

Money Regarding the Dining Table, Or Perhaps Not?

But while the games may look like gambling and feel just like gambling, the fact that there is no cash at stake on the outcome of each spin or roll regarding the dice means they’re maybe not really gambling. And meaning that industry experts believe that there isn’t any basis for real-money online gambling regulations to take hold inside their field.

‘a casino that is social no more gambling than FarmVille or Candy Crush,’ said Paul Thelen, CEO of social gaming company Big Fish. Thelen was talking at the GamesBeat 2013 conference as an ingredient of the panel on social video gaming, and regulation was the topic that seemed to come up again and again.

‘The industry is getting its act together

Same Time This Season: Another Megabucks Jackpot Hits in Vegas

Same Time This Season: Another Megabucks Jackpot Hits in Vegas

We’re told this is movie producer Mark Hodos from Florida, the latest Nevada Megabucks winner of $10.3 million (Image: IGT)

Year there must be something in the air in the desert at this time of. Last year in mid-December, a lady playing A overseas Game Technologies’ Megabucks slot machine used gaming credits earned to hit a $17.3 million jackpot at the M Casino; now a Florida guy has hit a $10.3 million one during the MGM Grand throughout the week that is same year. an executive producer of ‘All American Christmas Carol’ a kind of trailer trash version of the Dickens classic, it would appear winner Mark Hodos says the moolah goes back into his Hollywood manufacturing company. Although we see no mention of him on the film’s IMDb, but we have been naturally cynical and if this guy states ‘Hollywood,’ then we say ‘Bollywood.’

Then way to save yourself numerous grovelling L.A. investor pitch meetings, sir if he’s legitimately a producer.

Two in a Row

Hodos’ win followed a player who hit the Megabucks this November since well, also at the MGM Grand, which is the casino that is biggest on the Las Vegas Strip. The Megabucks slot machines are all on the IGT that is same Nevada, making for very large payouts, with minimums of $10 million and more added since it doesn’t get hit.

With no official state lottery by itself, Megabucks is considered the equivalent, and during its 19-year history in Nevada, has brought

Milford, Massachusetts Voters Reject Foxwoods Casino Proposal

Milford, Massachusetts Voters Reject Foxwoods Casino Proposal

These Milford, Massachusetts anti-Foxwoods Casino protesters carried the day whenever project was defeated by voters recently (Image supply: AP Photo/Steven Senne)

Sorry, Foxwoods: it seems you are not desired in Massachusetts, either. The Connecticut gambling giant was soundly defeated at the polls this as voters in the town of Milford, Massachusetts decided that they didn’t want a casino resort in their backyards week.

Three Down for the (Voter) Count

This has become a story that is routine Massachusetts, where voters rejected proposals in East Boston and Palmer earlier this month. In this instance, Foxwoods had been looking to build a $1 billion complex in the town that is boston-area compete for that region’s sole casino license.

When the returns that are first coming in, it absolutely was clear that the casino vote was not going to get Foxwoods’ way. CEO Scott Butera quickly conceded defeat once the polls closed, telling casino supporters that the vote meant that plans for the casino would absolutely not be in the years ahead. Once all the votes were in, the margin had been enormous: 6,361 up against the plan, and 3,480 for it, or around a 65%-35% split.

Foxwoods invested a large sum of money advertising the casino, but it had beenn’t enough to convince locals that it was a deal that is good the neighborhood economy, apparently. The opposition carried the day while they promoted the fact that there would be

Massachusetts Gaming Commission Allows for Delayed Revere Vote

Massachusetts Gaming Commission Allows for Delayed Revere Vote

A rendering that is 3-D of proposed Suffolk Downs casino, now planned for Revere with partner Mohegan Sun (Image: Wendy Maeda/Boston Globe)

They do say the home always wins, and appropriate now, prospective casino operators Suffolk Downs and Mohegan Sun are surely on a winning streak in Massachusetts. The Massachusetts Gaming Commission unanimously authorized a waiver to the standing deadline for operators to file applications including certified referendum results from their host communities by the end of the season.

Year more Time, Next

That December 31 deadline was going to be a problem that is real the Suffolk Downs casino proposal. While the gaming payment had been prepared to permit the battle track and partner Mohegan Sun the opportunity to build a casino solely on land in the city of Revere, additionally agreed that the original vote taken earlier in the day this present year was for a considerably different proposition. As such, a vote that is new needed one that would not have the ability to be held prior to the year-end deadline.

The decision was one which the panel said they made within an attempt to be because fair as possible to all sides. On November 5, both East Boston and Revere voted on whether to accept a Suffolk Downs casino that might have been primarily and nearly entirely situated on the Boston side of the border between your two communities. East Boston residents voted against