As it looks for further sources of monetization, Facebook (FB) is entering the world of online...


As it looks for further sources of monetization, Facebook (FB) is entering the world of online gambling with the launch today of a Bingo Friendzy app in the U.K. in conjunction with Gamesys, with punters being allowed to play the game for cash prizes. The social network intends to add slot-machine games over the next few weeks.

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Comments (4)
  • schatzl
    , contributor
    Comments (391) | Send Message
     
    Entering into a highly competitive space with established companies. Not convinced. Also gambling on Facebook could open them up for litigation as there are millions of minors active on Facebook (looking over to my two kids). They'll need waterproof fail-safes.
    7 Aug 2012, 06:41 AM Reply Like
  • Chris Lau
    , contributor
    Comments (3979) | Send Message
     
    Just like Zynga.
    Recall that online gambling is not a favored kind of business by U.S. authorities in the past.
    7 Aug 2012, 08:25 AM Reply Like
  • raviunnam
    , contributor
    Comments (130) | Send Message
     
    why would i want my kids on facebook if it is promoting online gambling... kind of scared what they will be getting into later on.
    7 Aug 2012, 10:26 AM Reply Like
  • Hurdoc
    , contributor
    Comments (5) | Send Message
     
    Why not? The investors seem to like gambling since they bought the stock.
    7 Aug 2012, 03:30 PM Reply Like
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