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Zynga Headed For Ipo

Friday, December 2,2011 :  SOCIAL ONLINE POKER COMPANY HEADING FOR I.P.O.
 
Analysts watching Zynga's moves closely
 
The San Francisco-based social gaming giant Zynga, which runs a massive social poker operation through Facebook, is expected to file its final initial public offering prospectus today (Friday), paving the way for a stock offering by mid-December, the newspaper USA Today reports.
 
The company intends to start an IPO roadshow on Monday in New York, an unnamed source said, revealing that the IPO is expected to debut at $8 to $10 per share, and raise $900 million on a $10 billion valuation.
 
Zynga declined to comment when contacted by the newspaper.
 
With 227 million monthly users - 35 million of them playing Zynga Poker every month - Zynga is a major social gaming success story. Through September, it notched $829 million in revenue, twice as much as in the same period a year earlier. The company has earned $121 million since the start of 2010, according to stock exchange filings.
 
Analysts will be watching the IPO closely, regarding it as a litmus test for the techie IPO market, and an indicator to how a public listing by Facebook might be received.
 
Facebook is expected to file for an IPO in April 2012, when it is required to disclose financials, now that it has reached 500 shareholders. A public offering could reach a valuation of up to $100 billion and raise $10 billion, analysts estimate. Facebook's revenue will climb to $4.3 billion this year, double the $2 billion it rang up in 2010, estimates market researcher eMarketer.
 
Advertising will comprise a huge chunk — $3.8 billion — as it did in 2010, when Facebook registered $1.86 billion in advertising revenue.
 
By 2013, Facebook is expected to earn $7 billion in advertising revenue, according to eMarketer.
 
There has also been speculation recently that Facebook is about to move into online gambling in regulated markets.
 
Zynga is making moves to wean itself off Facebook as a platform where most of its customers play its games. In October, Zynga discussed plans for its own platform, code-named Project Z, but the company has a deal with Facebook that runs through 2015.



Gambling News :

NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday - Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.

Pro League Reveals Sportradar Contract Details - The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.

NFL Odds: Steelers Visit Undefeated Chiefs #TNF - The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.

Mega Moolah strikes again - The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.

2 New Slots For Microgaming Casinos - David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.

MLS Odds: Red Bulls vs. Whitecaps - The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.

Velka Pardubicka On RacingUK - Felix de Giles flies the British flag in Sunday’s Velka Pardubicka

Mega Moolah Jackpot Hits on 9/27/2017 - Another millionaire made on Microgaming’s Mega Moolah; 5th largest Microgaming payout

Simon Jones is crowned the Greatest Poker Player in the Universe - A €10,000 leaderboard tracked player progress throughout the series to determine who the Greatest Poker Player in the Universe was. Professional poker player/sports psychology lecturer, Simon Jones, took the crown with a €5,000 cash bonus and trophy to prove it.

MLB Odds: Yankees Favored in AL Wild Card Game - After a strong regular season, the New York Yankees (91-71, –1.00 betting units) opened as –235 home favourites for Tuesday’s AL Wild Card Game against the Minnesota Twins (85-77, +11.48 units). First pitch is at 8 PM ET on ESPN.

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