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Ready For Another DotCom Boom

Posted 2/16/11 : Internet social gaming sites soar in value
Interesting company valuation and IPO numbers surfaced in the US media this week as social gaming sites made the headlines in merger talks and general reportage.
San Francisco-based Zynga, a generator of internet social games that include a hugely successful poker offering, has been valued at $9 billion amid talks with potential investors last week to raise $250 million.  The valuation represents an astonishing rise of over 100 percent since April, when the company was pegged at $4 billion.
Facebook is now worth an impressive $50 billion, based on its latest round of funding from Goldman Sachs, and AOL's $315 million offer to buy the news site Huffington Post caused ripples throughout the online media.
The internet radio news company Pandora is planning an initial public offering that has the potential to raise $100 million according to a regulatory filing late Friday, reported by Pandora announced that in spite of mustering $90 million in revenue during a total of nine months ending October 31 last year; it had a net loss of $328,000 in the period. The net loss applicable to common stockholders of the company was $7.1 million, according to the filing.
Late January, the business social network LinkedIn filed for an initial public offering looking to raise $175 million, offering the first public glimpse into the finances of the seven-year-old Web company, which turned a profit of $10.1 million on revenue of $161 million in the first nine months of 2010, according to documents filed to the Securities and Exchange Commission.
In the past the company has raised more than $100 million in venture capital funding from big names including Goldman Sachs (GS, Fortune 500), McGraw-Hill, Sequoia Capital, Bain Capital and Greylock Partners.
The company isn't hurting for cash: It's currently sitting on a stash of $89.6 million.

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$700K worth of Power Series Mega Sats every week - These amazing Power Series Mega Sats hit the partypoker lobby on Sunday 25th March so log in, buy-in and see if you can win one of the near $700,000 worth of tickets on offer this week.

Pinnacle Goes Live With Microgaming Quickfire - Founded in 1998, Pinnacle is a respected industry leader, delivering sports betting, casino and educational betting-related content to customers worldwide.

PokerLion Joins Microgaming Poker Network - PokerLion roars into life on the MPNís Indian Poker Network. Microgaming welcomes PokerLion to the MPNís growing Indian Poker Network.

Danske Spil Bingo Moves to Microgaming - The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.

Quickfire live on Strendus - Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.

$2 Million Added to partypoker Guarantees - Almost $2 Million Added to Guarantees During First Ever Super Sunday

Quickfire content live on BetatHome - Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.

Microgaming has donated £30,000 between four charities - Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.

Entertainment Betting Odds: 90th Academy Awards - The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.

New era of poker in Baltics with The Kings of Tallinn - The Main Event at the festival has already attracted big names like Juha Helppi and Kimmo Kurko. These two are Finlandís all-time poker tournament winners.

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