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eBay Allowing Online Slots in their Name?

As the newest slots on the block were announced, there was some confusion over the mention of one of the themes that International Game Technology, or IGT, had said. At first people thought perhaps they had heard wrong – but it seems that they didn’t.

It is a fact, eBay has in fact teamed up with the online slots and gambling giant, IGT, to create a slots game that would have their name and their branding on it. Some experts wondered what eBay could possibly have to do with the slots and gambling world, in that they are not exactly online gambling friendly.

For those of you who have been living under a rock, eBay is the mastermind behind all of the online selling that now takes place. The company hooks up owners and their stuff with other people who want to buy them – better yet bid on them – so that they can own them. The saying that one man’s trash is another’s treasure could not have been truer.

The licensing deal is bound to be lucrative for the online sales giant, but bottom line figures have not been released. CEO Meg Whitman approved the newest slots game, which many find funny considering their ties to the online gambling world. In fact, when eBay purchased PayPal back in 2002 they also banned it for online casino payment processing. At that point roughly 6% of their revenue came from online gambling, but still the company chose to stay out of that world.

Back to December 2007 Archive.