Zynga Applies for Nevada Online Poker License

kidkvno1

kidkvno1

Sarah's Pet
Bronze Level
Joined
Aug 20, 2008
Total posts
16,281
Awards
4
Chips
50
Oh my!!!

Zynga Applies for Nevada Online Poker License
Social gaming market leader Zynga has started the pre-license application process required to offer online poker in the state of Nevada. The company expects a decision from the Nevada Gaming Commission in 12 to 18 months.

According to Barry Cottle, Chief Revenue Officer, the current application is specifically for a “Preliminary Finding of Suitability”. This will give Zynga a firm base from which to formally apply for a license if it decides to take that option. At the moment, Zynga sees the US market as “an opportunity that’s further out on the horizon based on legislative developments.”

Zynga has been signaling its intentions to expand into real-money gaming for some time. CEO Mark Pincus predicted in January: “The amount of innovation you’re going to see around gambling as an entertainment mechanic is going to be mind-blowing.”

The immediate future of its strategic move into real-money gaming is visible in its partnership with bwin.party in the UK. Real-money games using the bwin.party platform are expected to start in the first half of next year. Zynga’s UK customers who choose the online poker offering will be integrated into bwin.party’s main player pool.

The Nevada Gaming Commission was reported to have expressed some concerns over bwin.party’s operations in international markets when it granted MGM its license approval. MGM partnered with bwin.party and Boyd Gaming over a year ago in anticipation of a legal framework being established.

Success in the UK operation will presumably make bwin.party the natural partner for Zynga’s US operations making the esteem in which bwin.party is held by regulators an important issue.

Zynga could be a potentially huge player in real-money gaming if it can translate its army of players into real-money customers. Pursuit of real-money gaming in Nevada and and other regulated markets may depend on how successfully it can convert play-money players in the UK next year.
 
R

rhombus

Legend
Silver Level
Joined
Mar 1, 2012
Total posts
2,601
Chips
0
Bet all the Sharks are licking their lips.
Imagine 1000's and 1000's of play chip players playing for real money
 
Lusitanea

Lusitanea

Rising Star
Silver Level
Joined
Dec 3, 2012
Total posts
24
Chips
0
Read around the net that Zynga contract the 888poker is it true?
 
NateVest

NateVest

Visionary
Silver Level
Joined
Oct 6, 2012
Total posts
629
Awards
2
Chips
0
http://wallstcheatsheet.com/stocks/zynga-is-ready-to-bet-big-on-real-money-gambling.html/?ref=YF

San Francisco-based Zynga (NASDAQ:ZNGA) will unveil its new real money gambling Facebook (NASDAQ:FB) games, ZyngaPlusPoker and ZyngaPlusCasino, at an event in Barcelona on Wednesday.

Sean Ryan, head of game partnerships at Facebook, is showcasing the Facebook titles for Zynga. Both are gambling versions of Zynga’s similar social games, produced in partnership with Bwin.party, a British real money online gambling company.

Zynga said social gaming remained its heart and soul but understood real gambling games were the next logical step for players who wanted to bet real money and take real winnings.
 
zEric7x

zEric7x

Visionary
Silver Level
Joined
Mar 20, 2013
Total posts
515
Chips
0
I would love to play against some of the players at this site. I am not saying I am an expert or something but I do OK with the people at the play money tables, so playing these same people for money sounds great. I mean some of these people act like they don't know what things like potion are and some people play any two cards all the time!
 
J

jcdagenius

Rock Star
Silver Level
Joined
Jun 13, 2013
Total posts
295
Chips
0
i think this will be a profitable site for people who know the game if they transcend that huge player base even a little bit. more fish than anywhere I think...I doubt the whole player base will play real money but some will possibly
 
M

madethegrade

Enthusiast
Silver Level
Joined
Jul 12, 2013
Total posts
70
Chips
0
very exciting. good stuff for the USA the more big companies putting money in the faster the ball gets rolling.
 
runnerx289

runnerx289

Rock Star
Silver Level
Joined
Jan 10, 2013
Total posts
166
Chips
0
If this goes through I am moving to zynga poker and not leaving my computer screen ever! sign me up for some heads up games :D
 
Top