What’s Fueling the Social Gaming Growth?

On August 10th, 2010, wrote:

A few weeks ago marked the onset of major changes in the landscape of social gaming: Google announced plans to launch its own social gaming service and Disney purchased social gaming company Playdom for $763 million. Playdom is currently vying for second place in the social gaming industry, battling with Electronic Arts and other competitors. Industry leader Zynga is the developer of FarmVille, the wildly popular Facebook application that is set to bring in $500 million in revenue this year. Another factor that could have a major impact on social gaming is the possibility of a repeal on the ban of online gambling. At the end of July, the House Financial Services Committee voted 41-22 in favor of new guidelines that would regulate, but not outlaw, some forms of online gambling. If legalized, the federal government could bring in a great deal of revenue by heavily taxing online gambling. Real money gambling could increase opportunities to generate revenue for social – Read the full article