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Wednesday, 8 August 2012 - Facebook opens doors to real-money gambling in Britain |
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See the best of Reuters photography.  See more | Photo caption  Mission to Mars NASA's Mars rover Curiosity lands on the Red Planet.  Slideshow  Olympics: Day 11 Highlights from day eleven of the Olympics.  Slideshow  Facebook opens doors to real-money gambling in Britain Tweet Share this Email Print Related News Facebook shares dive as deadline for insider sales nears Thu, Aug 2 2012 With Olympics backdrop, Twitter goes for gold in ad strategy Thu, Aug 2 2012 Analysis: Internet stock collapse dents Silicon Valley Fri, Jul 27 2012 Facebook's value slides by $10 billion; outlook unclear Fri, Jul 27 2012 Facebook revenue growth skids, shares plunge Fri, Jul 27 2012 Analysis & Opinion Questioning El-Erian Counterparties: Low tech Related Topics Tech » Media » Facebook » In this photo illustration, a Facebook logo on a computer screen is seen through a magnifying glass held by a woman in Bern May 19, 2012. Picture taken May 19, 2012. Credit: Reuters/Thomas Hodel By Alexei Oreskovic SAN FRANCISCO | Tue Aug 7, 2012 2:40pm EDT SAN FRANCISCO (Reuters) - Facebook Inc will allow users in Britain to wager real money on its service, opening its doors to gambling for the first time as revenue growth slows at the world's No. 1 social network. On Tuesday, Gamesys, an independent gaming company, launched a version of online Bingo for Facebook users in Britain who are at least 18, and which the company said will pay winners real money. Gamesys also announced plans to offer virtual slots gambling on Facebook. Facebook confirmed that it is partnering with Gamesys to allow gambling on its service. "Real money gaming is a popular and well-regulated activity in the UK and we are allowing a partner to offer their games to adult users on the Facebook platform in a safe and controlled manner," Facebook said in a statement. Facebook spokeswoman Linda Griffin said there are no current plans to offer gambling in any other countries or with any other partners besides Gamesys. She declined to disclose what portion of the revenue Facebook would take from the gambling on the Gamesys games, but acknowledged that there was a revenue sharing agreement between Facebook and Gamesys. Facebook takes a 30 percent share of revenue for transactions on non-gambling games on its service, such as when users purchase virtual tractors and seeds in Zynga Inc's popular Farmville game. Facebook, which makes the majority of its money from online advertising, has seen its revenue growth slow sharply during the past year. In the second quarter, Facebook reported revenue growth of 32 percent, down sharply from more than 100 percent growth it delivered at the same time last year. Shares of Facebook were down 3 percent at $21.26 on Tuesday afternoon on the Nasdaq. (Editing by Matthew Lewis) Tech Media Facebook Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. 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Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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