Facebook to offer real money social gambling in Italy and Spain

Following a successful trial initiative in the UK in partnership with online gambling group Bwin.Party, the social networking giant Facebook is moving into the real money social gaming scene in Italy and Spain, reports the publication Telecom Paper and the Italian news agency Ansa this week.

Sean Ryan, head of partnerships of the social network, confirmed the reported plans during the recent World Gaming Executive Summit in Barcelona.

He confirmed that Facebook is also undergoing a sports betting trial in partnership with the UK’s third largest bookmaker, Paddy Power .

The tax regime in Italy and Spain will result in Facebook reducing its cut of the profits on bets, the reports noted.