Zynga Shares Up Nearly 15 Percent on Real Money Web Gambling News

Written by:
Aaron Goldstein
Published on:
Apr/03/2013
Zynga Shares Up Nearly 15 Percent on Real Money Web Gambling News

News of Zynga beginning to offer real money online gambling in the United Kingdom sent its stock price rising 15 percent Wednesday.  The company also intends to offer real money gambling in some regulated European countries over the next couple of months and the US by year’s end.

While some analysts claim the UK offering will do little to impact Zynga’s bottom line, they do see this as a precursor to the huge potential of a virtually untapped US market.  Three states have already legalized online gambling over recent months.

“It is a test, they know going in that there are a lot of reasons for it to work and a lot of reasons for it not to work,” Sean McGowan, an analyst with Needham & Co., told Ars Technologies.

“How many [Facebook users] will convert [to gambling online]? How sticky is it? How much testing is there? Those are the things you might be able to extrapolate to other markets.”

Scroll Down For More...

Lock-Poker-091312L.jpg

 

Brian Blau, an industry analyst with Gartner Research, told Ars, Zynga’s move to offer real money gambling might be dicey but will most certainly help the bottom line. 

 “There is still a stigma attached to gambling where some users are more prone to spend more real (or virtual) money so some caution is needed from Zynga and users to make sure users don't get into situations beyond their control,”

“But for users that just want to enjoy a few simple games of slots or poker, real money gaming is a way to get your fix, and with Zynga's games you can share your results, play with friends, and have a more social experience similar to what you would find a real world casino.”

- Aaron Goldstein, Gambling911.com

Business/Financial News

Wagerhome.com celebrates 15th season with Brand New Software Platform

Wagerhome.com celebrates 15th season with Brand New Software Platform

Wagerhome.com has come back to the pay per head Market with a brand new proprietary software platform.

Bookies in Arizona: Phoenix, Tucson, Mesa, Glendale, Chandler and Scottsdale

Bookies are prevalent throughout the beautiful Southwestern state of Arizona.  Residents of the state are fans of the NFL Cardinals, a few College Football teams and the NBA Suns among others. 

Minnesota Turnkey Sportsbook Solutions

Minnesota Turnkey Sportsbook Solutions

The Minnesota tribes could offer sports betting following a landmark ruling last May by the US Supreme Court that now allows sportsbooks to operate in all states, not just Nevada.

Iowa Turnkey Sportsbook Solutions

Iowa Turnkey Sportsbook Solutions

In May 2018, the US Supreme Court abolished decades of prohibition as it pertains to sports betting in the States. 

Texas Turnkey Sportsbook Solutions

Texas Turnkey Sportsbook Solutions

Texas is unlikely to license sportsbooks in this lifetime so bookies operating here will have limited competition to be sure. 

Syndicate