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

Bookies Behaving Badly Part 15: ‘You F***ing Thief, You F***ing Monkey’

Bookies Behaving Badly Part 15: ‘You F***ing Thief, You F***ing Monkey’

Listen as bookie hurls the F-Bomb at customer a few times, "politely" says he has to take another call, then calls back to throw more F-Bombs at him.  Oy Vey!!!

Experts Warn of £12.6bn Scale of UK Gambling Problem

Experts Warn of £12.6bn Scale of UK Gambling Problem

According to the most recent estimates, Britons lost £12.6bn through gambling last year

Nevada Gambling Revenue Jumps Almost 7.5 Percent in March

The madness created by college basketball betting in Nevada is among the factors that led to a lucrative March for casinos statewide.

Bookies Behaving Badly Part 14: LiveSports.ag Goes Ballistic on Player (Listen Here)

Bookies Behaving Badly Part 14: LiveSports.ag Goes Ballistic on Player (Listen Here)

Listen to this shocking recorded phone call conversation obtained exclusively by Gambling911.com

Sports Gambling Ban Repeal Could Happen in Trump's First Term, Group Claims

Sports Gambling Ban Repeal Could Happen in Trump's First Term, Group Claims

American Gaming Association says that an end to the federal ban on the popular pastime is near.

Syndicate