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Facebook Bets on Online Gambling

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  • Description

    FBN's Diane Macedo on Facebook online gambling games available to users in the U.K.

  • Duration 1:37
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Face -- stock continues to slide since -- and now let's betting on something new to help its valuation and then the sale has more on this and I am.

That's right -- -- betting on online gambling thanks to a new deal between FaceBook and a gaming company called games this.

UK adult users will be allowed to use FaceBook.

You play online bingo for real cash prizes the game is called bingo and slot frenzy it debuted today.

And games has also announced plans to offer slot games on -- in the future now face but issued a statement on this today it said real money gaming is a popular and well regulated activity in the UK.

And we're allowing a partner to offer their games to adult users on the FaceBook platform.

In a safe and controlled manner at a game is only available in the UK for now but the move puts FaceBook.

In a position to capitalize if online gambling does become legal in other areas like here in the US.

That said FaceBook needs the money now more than -- that would be a good thing for the company is trying to bounce back from that IPO and its shares have nearly being cut in half since then.

But FaceBook spokesman.

Spokeswoman Linda Griffin said they currently have no plans to do this and any other countries.

Or work with any other partners on this she wouldn't disclose how much base revenue FaceBook is getting in this deal but she did say they do have a revenue sharing plan with -- says.

I keep in mind -- takes 30%.

Of revenue for transactions from other -- Gambling games that they currently have on the service.

Like farm bill for example so worth it works out.

The company could make a pretty penny out this but of course gambling is always controversial so won't be without its critics -- Yes those critics -- data thank you very nice -- --

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