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ZYNGA POKER I.P.O. FILED

Sunday December 4,2011 : Giant social networking games provider looks to raise around $925 million
 
The speculation surrounding the possible IPO this week of giant social games developer Zynga  has been confirmed; Reuters news agency reported Friday that a regulatory filing reveals that the company plans to sell 100 million shares, or 14.3 percent of the company, at $8.50 to $10 per share.
 
Based on the mid-point in the price range, that could raise $925 million - a little short of the rumoured billion dollars, but still a significant financial boost for the company if the IPO gets away.
 
Reuters describes the listing as one of the largest and most hotly anticipated Internet IPOs in years.
 
The IPO would value the 5-year-old company, which made its name on viral games such as "FarmVille,” and the immensely popular Zynga Poker, at a range of $7.7 billion to $9.04 billion, based on 904 million fully diluted shares. Excluding stock options and based on 699 million shares, the company values itself as high as $7.1 billion.
 
Zynga founder Mark Pincus will hold a class of shares with 70 times more voting power than the regular stock that will be sold in the offering.
 



Gambling News :

MLB Odds: Stroman Gets the Nod Against Royals - The Toronto Blue Jays (70-80, –20.18 betting units) begin their final home stand of the 2017 campaign this Tuesday when they welcome the Kansas City Royals (73-76, +2.56 units) to Rogers Centre. Sportsnet has the coverage at 7:07 p.m. Eastern.

Microgaming in bingo software deal with Marathonbet - Marathonbet’s loyal customers will now be able to enjoy an extensive Bingo offering – marking another big expansion of its online gaming collection.

Microgaming QuickFire enters Coloumbia - Wplay signs for Quickfire; strategic deal sees Quickfire enter Colombian market. Colombian-licensee Wplay has signed a deal for Quickfire, powered by Microgaming.

Partypoker to sponsor WSOPC Uruguay - Partypoker to sponsor WSOPC Uruguay in December. Qualify exclusively on partypoker for WSOP Uruguay Main Event. December 7th to 17th in beautiful Punta del Este.

MLB Odds: Jays Hope to Spoil Orioles’ Visit - The 2017 season is just about over for the Toronto Blue Jays (66-77, –21.19 betting units), but they can play spoiler in Tuesday’s game against the visiting Baltimore Orioles, starting at 7:07 PM ET on Sportsnet.

Money Storm Casino - Money Storm is not your typical online casino. While many focus on the quantity of games they offer their players, this one is more focused on the quality of their games.

Big Online SLot Win on Ultimate 10X Slot - At 9.20PM on August 28th, Kasey R was enjoying the new Ultimate 10X three-reel slot at Miami Club. The game has a random 'must win' progressive jackpot that is guaranteed to pay by the time it reaches $25,000

MPN Greatest Poker Player in the Universe - The MPN announces the third annual Universal Championship of Poker (UCOP III), boasting €750,000 guaranteed across 59 tournament events this September

PartyPoker Exits Australia - From 31st August 2017 partypoker players will no longer be able to play from Australia. Players’ deposited funds are safe and available for withdrawal.

Mercury Poker Live on Indian Poker Network - Mercury Poker Live on MPN's Indian Poker Network. MPN India, established in 2015, is a ring-fenced poker network dedicated to the Indian market and operating exclusively in Indian Rupees.

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