Fiscal Friday: Online Gambling Bill Gaining Ground, Playdom Adopts Facebook Credits, Amazon and Facebook Partner

Fri, Jul 30, 2010

Industry, Social

The social and online worlds saw a few financially-focused news story make it big this week, and we’re here to recap it all for you in this edition of Fiscal Friday. Here, we see the news of an online shopping partnership between Facebook and Amazon, the passing of an online gambling bill through the House Financial Services Committee, and the announcement that Playdom has officially signed on to use Facebook Credits.

Amazon to Offer Facebook Integration

As reported by SocialBeat, Facebook and Amazon have announced a partnership that will see a new personalized page being offered to users, surrounding their Facebook friends.

This personalized page will connect to your Facebook account, allowing the online retailer to suggest products for you based on those that are popular among your Facebook friends, or even offer recommendations based on the books that you’ve listed as your favorites on your profile.

What’s more, the page will show you when your friends’ birthdays are coming up, and will offer suggestions for gifts that you might want to buy them.

All of this can be accessed by heading to “Your” page – you’ll find it by logging in and clicking on the link to the left of the Gold Box in the top left corner of the screen – it will say “_your name’s_” From here, you can sign into Facebook and connect your account to see recommendations, along with discovering your friends’ favorites and likes. You can disconnect the service at any time.

Playdom Adopts Facebook Credits Voluntarily

Playdom has joined other Facebook game developers like RockYou and CrowdStar in voluntarily adopting Facebook Credits as their exclusive premium currency in a contract with Facebook lasting the next five years.

This will see users being able to purchase premium items in all of Playdom’s games, including SocialCity, Tiki Resort, and new games like Fanglies or Market Street, using the same pool of Facebook Credits – no more exclusive currencies used in only a single game (Social City’s City Bucks, as an example).

This also means that you can use the same pool of credits between different developers – say you want to purchase a special fish in CrowdStar’s Happy Aquarium and then buy an Apartment Building in Social City – you will be able to do just that under this new agreement.

We’ll be sure to let you know when and if companies like EA/Playfish sign a similar contract.

Online Gambling Bill Passes House Financial Services Committee

A new bill has passed a vote in the US. House Committee on Financial Services. The bill would legalize some forms of online gambling. The bill was approved by a 41-22 vote.

According to Digital Media Wire, the bill would provide regulation for online gambling, and would require that operators be licensed and provide safeguards that would prevent underage gambling, and “problem gambling.”

This bill isn’t alone, however, as a companion bill has also been created, and if passed, would guarantee the collection of both licensing fees, and taxes on these regulated online gambling activities. These taxes and licensing fees could reportedly generate as much as $42 billion in revenue for the federal government over the first ten years.

We’ll be sure to bring you more news surrounding the bill’s progress as it becomes available.

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Related posts:

  1. Playdom Adopts Facebook Credits as Currency in Tiki Resort
  2. CrowdStar Adopts Facebook Credits as Sole Currency in Five-Year Agreement
  3. Facebook Faves Hold Their Own, But New Social Games Gaining Ground
  4. Target Stores First to Sell Facebook Credits Gift Cards
  5. Facebook Credits: Uniform Virtual Currency for Social Games
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- who has written 2533 posts on Frisky Mongoose.

Brandy is the Social Editor at Frisky Mongoose, focusing on the social side of the gaming world.

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