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April 16, 2012 07:10 pm GMT
BitRhymes, the San Francisco-gaming startup behind a bingo game that has attracted about 400,000 daily active users on Facebook, has raised $1 million in angel funding.BitRhymes' rise comes at an interesting cross-roads for casino-style games on the Facebook platform. Not only are they becoming more popular, considering last month's release of Zynga Slingo, a combination of slots and bingo, there's also a chance they could become much more lucrative if the regulatory environment changes. Back in December, the Justice Department also issued a legal opinion that may open the door to certain kinds of legal online gambling in the U.S., a new market opportunity that social gaming companies including Zynga are exploring.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/A9ZKdfd6jHA/
Bingo Bash-Maker BitRhymes Raises $1M For Casino-Style Games on Facebook, Mobile
BitRhymes, the San Francisco-gaming startup behind a bingo game that has attracted about 400,000 daily active users on Facebook, has raised $1 million in angel funding.BitRhymes' rise comes at an interesting cross-roads for casino-style games on the Facebook platform. Not only are they becoming more popular, considering last month's release of Zynga Slingo, a combination of slots and bingo, there's also a chance they could become much more lucrative if the regulatory environment changes. Back in December, the Justice Department also issued a legal opinion that may open the door to certain kinds of legal online gambling in the U.S., a new market opportunity that social gaming companies including Zynga are exploring.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/A9ZKdfd6jHA/
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