Manne
29893
2013/11/09 09:03
#309014
Jane Ann wrote:
I will start of my saying a little about my situation. I know it's a bit long, I'm sorry for that.
My husband is a poker player & I've always fully supported him even when we dated.. (been together almost 6 years) I actually encourage him - The problem is that I know when he plays sad or upset he loses so a lot of issues that arise in our marriage I let it side but I dont want him to lose & be depressed.
Also we haven't really gone anywhere in years, no dates, no where special bc he spends most of his time playing poker, he quits a his jobs to play poker, bc his dream is to be a pro poker player & I'm supporting him but I feel like I'm losing myself.
Right now I'm in the process of filing for my citizenship for the U.S. so we're kinda in a long distance marriage - Also he's a U.S. citizen & can not play in the U.S. obviously so he went behind my back & used my name to play online poker, I found out & I asked him to please not use my name & he got really upset.. I asked him a few times to stop & he told me he's stopped using my name but I know he hasn't & I dont know what else to do..
Also I had my mom's Visa card by the computer & he used it to play poker, when I tried to purchase something for my mom it said "insufficient funds". He sat there & said nothing, I called the bank & he still sat there & said nothing, then the bank teller told me my last 5 charges was for poker.
I ask him to telling me when he's playing, I dont wanna put pressure on him so he doesn't have to tell me if he won or lost but at least I know if I cant reach him that he's playing.. & he doesn't tell me the trust about poker still.. I feel like I'm a very supportive wife in every way, I dont know what else to do.. Any advice?
Join:
2006/12/07
Messages:
29893
Betable, a London-based startup providing real-money gambling tools to game developers, raised $18.5 million in a round of funding led by Venture51, says Christopher Griffin, Betable’s chief executive officer. Previous backers Greylock Partners and Founders Fund also contributed to the round, which brings Betable’s total financing to $23 million.
Videogame makers have dipped their toes into gambling in recent years as they seek new streams of revenue and as restrictions on real-money betting over the Web have begun to ease in some places. Betable provides software code that plugs into a game and enables betting, freeing developers to focus on the look and feel of the app without worrying about the hassles that go along with real-money wagering, such as payments, fraud detection, regulatory compliance and complex math modeling.
Online gambling will be a $43.3 billion market by 2015, up 28% from last year, predicts research firm H2 Gambling Capital. Much of that growth is expected to be driven by large casinos, which have begun offering online betting in the U.K., where it’s legal; they have pushed for relaxed regulation elsewhere, including the U.S.
This month, New Jersey will join Delaware and Nevada as the only states to permit online gambling, and at least three other states–California, Pennsylvania and New York–could join them next year.
What’s still missing from that picture is innovation, says Griffin, a former private equity analyst who founded Betable in 2011. Most betting apps currently available are bland copies of casino games such as slots, roulette and blackjack, and make no effort to introduce real-money gaming to the millions of smartphone users who aren’t gamblers but might like to try it out, he says.
If you’re racing a virtual hot rod in an iPhone driving game, why not make it interesting and bet a few dollars? What if beating the 50th level of Candy Crush Saga meant winning a cash reward?
Betable’s tools helped Quebec gaming studio 3OAK Gaming build a suite of real-money games including “Battle Keno,” a mobile version of the classic “Battleship” game where choosing where to strike an opponent on a grid of 81 squares earns you money and taking direct fire costs you money. The title, which took less than $100,000 to produce, is an experimental step into gambling apps, says Mikael Lefebre, the studio’s director.
“Because we are in such early stages of this real-money wave there’s no need to build large-scale, multimillion-dollar games,” he says. “We can just push out fun, small, real-money games.”
Larger game makers are tepid about real-money gaming, says Doug Creutz, an analyst who covers gaming at Cowen & Co. The casino business is intensely competitive, and comes with the label of being a “sin company or sin stock,” Creutz says.
And while partnering with a service like Betable lets developers avoid the headache of becoming a heavily-regulated entity, it also means they have to divvy up the profits.
“If they’re going to invest a lot of money in building a new line of business, they don’t want to split the profits with somebody else,” Creutz says. One of the biggest potential players in online gambling, Zynga, signaled it was withdrawing from the market earlier this year when it dropped a bid to pursue a Nevada gaming license.
Venture capitalists are counting on a pack of young startups to lead the charge. SGN, a mobile game startup led by MySpace co-founder Chris DeWolfe, has raised more than $25 million from investors, and is developing its own casino games. Bee Cave Games, a startup created by former Zynga executives Erik Bethke and Jeremy Strauser, raised $1.3 million in July from VCs including Matrix Partners.
Betable has close ties to the gaming industry – many of its executives are veterans of Zynga, Electronics Arts, Microsoft, and other game giants. Their know-how and relationships will help Betable as it seeks to expand, said Ryan Swagar, co-founder of Scottsdale, Arizona-based investor Venture51.
“What attracted us is the team,” Swagar says. “They’ve assembled this team that can disrupt this regulated industry.”
Betable’s tools are used primarily in games on Apple and Android devices, both platforms which permit gambling in jurisdictions where the practice is explicitly legal (“white” markets like the U.K., as opposed to “gray” markets where it’s sometimes permitted or “black” markets where it’s outright banned, Griffin says).
The company has also been spending more time sizing up Facebook, which has recently tested gambling apps abroad but has refused to open up its social network to all betting apps.
“It’s a platform we would love to be on,” says Griffin. “It’s a very big opportunity for our partners and a very big opportunity for Facebook as well.” A Facebook spokeswoman declined to comment.
Betable Banks Funding to Push Online Betting Tools - Digits - WSJ