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Zynga and Wynn online gambling partnership

04/04/2012 : SOCIAL GAMING GIANT IN TALKS WITH WYNN RESORTS
 
Potential online gambling partnership on the table
 
The San Francisco-based social gaming giant Zynga is in talks with land casino company Wynn Resorts about a potential online gambling partnership, the New York Post reported late Tuesday night.
 
Wynn has explored an entry into a legalised US online gambling market before.
 
The newspaper notes that Zynga sees significant revenue potential in moving from virtual to real-money wagering, and needs to form partnerships with US land casino operators in a number of states if it is to cash in on an expected boom in US Internet gambling.
 
Thus far neither Zynga nor Wynn Resorts have responded to requests for comment.
 
The Post reports that many US states are now looking at internet gambling legalisation following the Department of Justice's policy change on the Wire Act last year which decided that only sports betting was covered by the Act.
 
Since the DoJ move, Zynga CEO Mark Pincus has been touting the company’s prospects for parlaying its popular virtual Texas Hold'em poker game into real-money betting, calling the possibilities “mind-blowing.”
 
The newspaper points out that most of the proposed states' legislation will restrict online licenses to those who already are licensed to run a state gaming operation, and that Wynn only operates in Nevada.
 
It notes that New Jersey is making rapid progress towards legalisation, but will grant Internet licenses only to those with computer servers based in Atlantic City casinos.
 
“Our goal is to help existing casino operators. We don’t know anything about Zynga,” state Assembly Regulatory Oversight and Gaming Committee Chair Ruben Ramos Jr. told The Post.
 
In Connecticut, Native American tribes have reportedly said the state would be violating its agreement giving them exclusive casino gaming rights if it issued an online license to anyone else, and in Iowa a pending bill offers online licenses only to those already authorised to operate state gambling boats and racetracks.
 
Sources told The Post that Zynga may try to move first in the UK, where online betting is already legal, though competition is stiff.
 
Facebook, which does not want to host online gambling on its own site, has held conversations with UK online bookmakers William Hill and Ladbrokes about offering Facebook users access to their sites, the source revealed.
 
Reps for Facebook, William Hill and Ladbrokes did not return the newspaper's calls and messages seeking comment.
 
Stern Agee managing director Arvind Bhatia said if Zynga is unable to participate meaningfully in legalised online gaming in the United States, its shares could fall as much as 10 percent because investors have expectations of new gaming revenue.
 
“I think, given that its core market is slowing, the potential online gaming revenue is important,” he said.

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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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