Zynga Online Gambling Revenue Could be $5 Billion Claims JP Morgan

Written by:
Aaron Goldstein
Published on:
Jan/26/2012
Zynga Online Gambling Revenue Could be $5 Billion Claims JP Morgan

Zynga, which offers the largest free online poker site in the world, has gone all in with its push to offer “real money play” games.  JP Morgan claims that Zynga can potentially generate $5 billion in revenue after the company announced it was in conversations with interested parties to offer the “cash play” platform. 

From BusinessInsider.com:

Online gambling represents a market opportunity of between $3.5 billion and $5 billion, which will be realized by 2015, according to the note.

JP Morgan has set a price target of $12 for Zynga based heavily on the prospect of online gambling within Zynga's games.  On Thursday, the company announced it had added a new Bingo game.  Bingo is among the most popular games in the “real cash” online casino sector. 

Case in point, Playtech disclosed this week that Bingo revenues were up 9 per cent to €4.1million this past quarter.  By comparison, its popular poker platform witnessed revenues decline 2 per cent to stand at €5.5 million. 

The cash cow of the online gambling sector is on the casino end.  Playtech reported a 13 per cent increase n the quarter to €32.8 million.

- Aaron Goldstein, Gambling911.com

Gambling News

How the DFS Sites Are Doing: $3.2 Billion in Handle Over Past 12 Months

How the DFS Sites Are Doing: $3.2 Billion in Handle Over Past 12 Months

Legal Sports on Thursday provided a glimpse into how the Daily Fantasy Sports sector has performed over the past year, noting that the numbers are not broken down by operator.

Live Baccarat Online Reviews – What These Games Feature

Live Baccarat Online Reviews – What These Games Feature

Baccarat is one of the more entertaining of the online casino games available today and Live Baccarat makes the experience that much more fun, and hopefully rewarding. 

Crown Casinos Facing Money Laundering Charges, Accused of Machine Tampering

James Packer’s Crown Resorts is facing investigations by federal money laundering authorities and casino regulators in at least two states, the Guardian and other media outlets were reporting Thursday. 

Online Gambling Still in Limbo in PA

Online Gambling Still in Limbo in PA

Pennsylvania's Republican-controlled House of Representatives advanced its latest deficit-financing proposal Tuesday night that revolved around elements the House previously had rejected in a protracted budget standoff with the Senate and Democratic Gov. Tom Wolf.

Expand Your Horizons With a PPH Service

Expand Your Horizons With a PPH Service

Did you know that there are millions of individuals looking for a bookie that can accommodate all their betting needs?

Syndicate