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ZYNGA CONFIRMS INTERNET GAMBLING INTEREST

1/21/2012 : Social gaming giant in talks with potential partners
 
Industry rumbles over the past few months on the possibility of an entry into the internet gambling sector by social gaming giant Zynga have been confirmed it seems by a company statement carried by Dow Jones-owned tech journal AllThingsD.com.
 
The article written by AllThingsD.com's senior editor confirms that the company is investigating several internet gambling opportunities and has entered into talks with several unidentified potential partners.
 
A Zynga spokesperson told the publication: "We build games and experiences that our players want and love. Zynga Poker is the world’s largest online poker game with more than 7 million people playing every day and over 30 million each month.
 
“We know from listening to our players that there’s an interest in the real money gambling market. We’re in active conversations with potential partners to better understand and explore this new opportunity.”
 
International Games Technology evidently recognises the cross-over potential between social network gaming and internet gambling with its recent acquisition of Seattle-based Double Down Interactive for a $500 million consideration.
 
However, business analysts aren't convinced a move into internet gambling would benefit Zynga immediately, saying the company would need to convert an increasingly larger percentage of users into payers in order to make significant growth in 2012.
 
Add to that the complicated state, national and international regulatory environments, licencing issues and the technology required to convert to a safe and secure monetized system, an internet gambling acquisition or partnership in the sector looks to be a more attractive option.
 
Sterne Agee Interactive entertainment analyst Arvind Bhatia called online gambling opportunities for Zynga "a long shot" saying: "First, it is not clear how soon, if ever, online gambling may be legalized in the US. In addition, we are not sure if Zynga has any big advantages in online gambling compared to established players. As such, the notion that Zynga could benefit from this is highly speculative, in our opinion."

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Gambling News :

Tain Fast Bet - Our readers will recall Tain recently increased the number of live events it covers each month to 23,000, covering both traditional markets such as football, tennis and US sports and the more obscure curling, biathlon and Water Polo.

Olympic Entertainment Group Mobile Gaming - In its full-year 2016 report, Olympic Entertainment Group (OEG) has informed the establishment of a Malta-based company registered to facilitate its intended expansion into remote gambling.

Circus Evolution HD Slot - Malta-based content provider World Match has released its first title of 2017, “Circus Evolution HD”, a 5-reel, 3-row, circus-themed adventure offering Free Spins, Wilds and a Bonus Game.

Kindred Group Gets EU Recommendation on Consumer Protection - Kindred Group (formerly Unibet) has become the first operator to successfully meet the requirements of the EU Recommendation on Consumer Protection and Responsible Gambling following an external audit.

17 Crown people still detained - Reports from China over the weekend suggest that the 17 Crown people still detained could be looking at another twelve months of imprisonment as investigations into their alleged and still unspecified crimes drag on

SB1400 Virginia Poker Skill Game Bill - Her bill SB1400 is currently with the Senate General Laws and Technology Committee, whose 15 members will decide whether to progress it or condemn the Senator to another year of failure.

Pennsylvania Video Gaming Association - With the focus on Pennsylvania as the most likely next US state to legalize online gambling as part of a general gambling expansion measure, reporters noted this week the emergence of a new lobbying group in the state - the Pennsylvania Video Gaming Association.

Stiffer Problem Gambling Penalties in UK - The Guardian newspaper reports that the UK Gambling Commission plans to unveil new enforcement strategies on problem gambling and money laundering prevention this month, laying down tougher penalties for operators who fail to tackle these issues.

Malaysian police Destroy over 5000 Gambling Computers - Malaysian police in Kajang have destroyed 5,042 computer sets seized in online gambling raids over the past two years, explaining that the action is designed to take the machines out of circulation.

Spartan Poker vs SpartanPoker name War - Pokerguru, which owns the brand SpartanPoker.com, has threatened to sue the Indian Poker Championship over its use of the title Spartan Poker, and recently published a notification that it is not associated with the IPC version of the brand.

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