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888 Wants a Part Of Real Money Gaming on FB Social Network

Wednesday, 05 September 2022 16:35

Brian Mattingley has admitted the operator is “in discussions” with Facebook over the possibility of launching real-money gambling on the social network.



United Kingdom.- Gamesys has already made deals with Facebook in which they have become the first to offer real money games on the social network with Bingo and Slots Friendzy earlier this month.


Real-money gambling on Facebook, marks an exciting turning-point for the industry, and a milestone for the Gamesys business. The app is Facebook’s first that allows gambling with real money instead of Facebook credits. The Friendzy App comprises of a series of 90-Ball Bingo and Slots games which allow the user to gamble using real money.


Now, 888 chief executive Brian Mattingley has admitted the operator is “in discussions” with Facebook over the possibility of launching real-money gambling on the social network.


However the social media network says it has no further plans to “expand real-money opportunities beyond the existing private agreement it has with the Jackpot Joy operator.”


Facebook have clarified that the agreement is not a joint venture with Gamesys but rather a private commercial agreement, and so far it is unclear how much Facebook stands to pocket from its new partnership with Gamesys.


The social network currently takes 30% of the cost of transactions carried out on its network when, for example non-cash games users purchase Facebook credits to use on their games. However, Facebook would not confirm if that was the case with this new app, saying that it is “commercially sensitive information”.


“Whether we will be accepted and whether the overall strategy of FB is to develop real money gaming remains to be seen. I think they are yet to decide, although Gamesys has been successful and I don’t see any reason why other operators shouldn’t be successful,” Mattingley said.


Source: DINGNews
Site URL: www.dingnews.com
Date: September 5, 2022
Author: DINGNews
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