Zynga Adds Real Money Gambling: Spends $75k on Lobbying Efforts

Written by:
Aaron Goldstein
Published on:
Aug/16/2012
Zynga Adds Real Money Gambling:  Spends $75k on Lobbying Efforts

The Wall Street Journal late Wednesday reported that Zynga, the publicly traded social gaming behemoth, has spent upwards of $75,000 lobbying in the United States to legalize online gambling.  The primary focus up to this point appears to be in the state of California, where a current measure to legalize Web poker in the Golden State is expected to die by month’s end.

Zynga, which operates the world’s biggest free-to-play online poker room, apparently won’t be waiting around for Congress to act in the US as it was in the process of adding a real money platform the company hopes to have up and running by early next year. 

The real cash gambling aspect of Zynga’s games will likely be offered only in countries that embrace such activity.  Facebook recently introduced real money online gambling in the United Kingdom, much to the dismay of many mums across that nation.

Camasino-071812L.jpg

- Aaron Goldstein, Gambling911.com

Business/Financial News

What to Look for in a Pay Per Head Website

What to Look for in a Pay Per Head Website

There are some important features that every Pay Per Head website should have and the call center will take center stage

South Korea Plans Crypto-Currency Ban

South Korea Plans Crypto-Currency Ban

Bitcoin.com is reporting that South Korean regulators have announced a plan to prevent banks from engaging in activities related to crypto-currencies.  South Korea will no longer be issuing accounts required for crypto trading. 

Bitcoin’s Skyrocketing Price Trigger Regulatory Warnings, Exchanges Raided

Bitcoin’s Skyrocketing Price Trigger Regulatory Warnings, Exchanges Raided

Bitcoin’s skyrocketing price has triggered a wave of warnings from regulatory institutions including The European Central Bank (ECB) .

Bitcoin Transaction Costs Skyrocket Above $20

Bitcoin Transaction Costs Skyrocket Above $20

There is a worry among online gambling operators and some gamblers themselves that fees tied to the crypto-currency Bitcoin are getting too high for comfort.  On Tuesday, it was reported that Bitcoin transaction fees had shot above $20.

Cyber Attacks and Falling Prices Just Two Days Into Bitcoin Futures

Cyber Attacks and Falling Prices Just Two Days Into Bitcoin Futures

Cboe's Bitcoin futures fell slightly after soaring in their first full trading day Monday.  A number of exchanges were down as a result of apparent cyber attacks as well.

Syndicate