Reuters: Regulatory News: Gree: to better police site, draft guidelines

Reuters: Regulatory News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Gree: to better police site, draft guidelines May 8th 2012, 07:10 TOKYO | Tue May 8, 2012 3:10am EDT TOKYO May 8 (Reuters) - Gree Inc, Japan's leading social gaming site, said on Tuesday that it will strengthen policing of its content following media reports that regulators may clamp down on Internet games seen to be flouting gambling restrictions. Gree will work with other social game companies to draft industry guidelines by the end of May, the firm's CEO and founder Yoshikazu Tanaka told reporters. But even if Japan's consumer agency forces Gree to stop games from prompting users to pay extra for a chance to win special items, it would not undermine its business, Tanaka said. Gree's shares have slumped on concerns of a regulatory squeeze, dropping by as much as a third in Tuesday trading before rebounding at the close. Rival DeNA Co slid by a similar margin.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions