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

Arizona’s Tohono O’odham Nation Finally Starts Construction Of Casino

Arizona’s Tohono O’odham Nation Finally Starts Construction Of Casino

The Arizona casino industry is set to expand.  Above all, This will happen after the completion of the construction of Tohono O’odham Nation gaming facility. 

The Scoop on Progressive Slot Machines

The Scoop on Progressive Slot Machines

There are two basic types of slot machine jackpots aside from online slots. The first type is the old school slot machines where the jackpot was listed right on the slot machine glass permanently and was almost always three or five 7's, depending on how many reels there were.

What You Need In Your Home Office For Successful Bookie Business

Bookmaking is a  profession. It is a work just like any other. You need to take it seriously. If you want real benefits, you need to give it credit. This is even if you are working from home.

Seminole Brighton Casino Set for Introduction Of Blackjack and Other Table Games

Seminole Brighton Casino Set for Introduction Of Blackjack and Other Table Games

Seminole Brighton Casino will preview blackjack and other table games to its guests starting Monday, December 18.

Mafia Planned to Infiltrate Malta Gambling Sector

Mafia Planned to Infiltrate Malta Gambling Sector

An anti-Mafia investigation in Palermo uncovered “advanced plans” by Mafia clans to relocate their underground activities through online gaming companies in Malta, the Times of Malta is informed.

Syndicate