• Zynga Bets On Itself; Applies for Nevada Gaming License

    10 December 2012


    Zynga, one of the world’s leading providers of social game services, has filed an application for an interactive gambling license with the state of Nevada.

    Zynga has previously entered into a partnership with bwin.party to offer real-money poker and casino games in the United Kingdom starting in 2014. The ability to pull those games into a US market could be just the lifeline the struggling company needs to pull itself out of turbulent waters.

    “The broader U.S. market is an opportunity that’s further out on the horizon based on legislative developments, but we are preparing for a regulated market, said Barry Cottle, chief revenue officer at Zynga, in a statement as reported by USAToday.

    The application process begins with a review by the Nevada Gaming Control Board. From their the Nevada Gaming Commission will review the recommendations offered by the NGCB. The process toward approved licensing could take up to 18 months. The process for widespread legalization of online gambling in the US could take several years. That being said, having an established record and presence in Nevada and other states where it will be legal to wager online will help the company put itself ahead of new companies.

    Offering real money online gambling raises the stakes for both Zynga as a company and for the games that it offers. It also has the potential to raise revenue, and quite a lot of it. According to a Reuters article, Zynga has told its investors that real-money gaming could mean the a new lifeblood of revenue for the company. Amid layoffs and restructuring, CEO Mark Pincus is clearly doing as much as he can to keep his company alive and moving in the right direction.

    Zynga stocks were up 7% after the announcement was made regarding the application. They continued to rise slowly, but steadily, days after the news was made public.

    Related News

    • Betsoft brings back safari sam 2

      New Online Slots

      BetSoft Brings Back Safari Sam 2Ivan Stefanovic21 May 2021

      Original BetSoft slot, Safari Sam, was released in 2012. Safari Sam 2 follows the original version in 2021, and the adventure starts in the African savannah with the most famous hunter. However, a few changes have been made and now the Wild Girl has joined Sam in his quest for the mainland's wildlife. The original game's graphics are still nice and can compete with many other titles, but this sequel goes even further.

      Read full article
    • Tom horn launched announced bets european roulette

      Gambling News

      Tom Horn Launches Announced Bets European RouletteIvan Stefanovic05 April 2021

      Tom Horn Gaming, an online casino provider, has launched another great table game, Announced Bets European Roulette. With this title, the brad elevates traditional roulette and introduces players with modern features in this game. This roulette variant serves as the perfect title for the provider's portfolio of casino games that keeps new players more engaged. Using cutting-edge technology, the game provides a realistic live casino experience that players can enjoy from various devices.

      Read full article
    • Revolver gaming portfolio goes live on hollywoodbets platform

      Gambling News

      Revolver Gaming Portfolio Goes Live on Hollywoodbets PlatformGamesAndCasino28 December 2020

      Licensed gaming operator, Hollywoodbets, is adding attractive Revolver Gaming video slots to its United Kingdom online casino. Under the terms of the deal, all of the developer’s slots will be brought to the Hollywoodbets UK online platform, and games such as Robin Hood and His Merry Wins, Reign of Gnomes, and The Big Deal will be available. Additionally, the new Revolver slots will be available to Hollywoodbets players after the release.

      Read full article