Group items tagged

Related Articles Will Facebook and Zynga Embarrass Analysts? New Stock Coverage: Facebook Makes Enemies, Fair Weather Acquaintances, and Best Friends Forever Amarin Corporation and Ericsson Among Most Active Stocks in Pre-Market Today on the Nasdaq More by Inspin.com Winning More NFL Bets in 2012 Delaware Moving Closer to Legalized Online Gambling? 9 Basketball Betting Tips That Can Increase Your Winning Percentage 2-3% What's the Buzz? 30 top traders on these stocks and more      ZNGA   5.02  (+1.41%)       WYNN   96.75  (-3.87%)  With the legalization of online gambling activities quickly sweeping through the nation, some of the top sportsbooks and the leading play-for-free poker companies could be in positions to make a move into the real money sweepstakes. Zynga (ZNGA), which runs a very popular brand of free poker over social networks, has seen its poker brand grow by leaps and bounds over the last year. It's no coincidence that over that same time, various scandals surrounding UltimateBet and Full Tilt Poker have reduced the number of options for players to play paid poker. Many of those people have turned to Zynga to get their fix. Read more: http://www.minyanville.com/special-features/sports-business/articles/ZNGA-zynga-onling-gambling-social-media/7/12/2012/id/42334#ixzz20SepThWh

At a June 26 press event, Zynga announced its plan to help millions more make this grievous life mistake available as a video game with its new game Zynga Slots. It's a slots game where you don't actually have any chance of winning any money back. (But did the slot machine gambler ever have any hope of coming out ahead? Probably not.) The important thing is that Zynga Slots lets players experience pathetically dumping their money down a black hole just like at a real casino, with such premium downloadable content as "Cup of Coins" ($9.99), "Bucket of Coins" ($19.99), and "Vault of Coins" ($99.99). And if that just isn't enough coins, there's always the Platinum Purchase Program for $500 and up.

Boosted by growth in the UK and other key markets, mobile gambling is going to devour a bigger slice of the gambling pie by 2017 According to a new report from Juniper Research the value of mobile gambling could reach $100 billion by 2017. Growth will largely be fuelled by an expansion in mobile lottery games in certain international markets and an increase in sports betting and social gaming in the UK. http://www.jackpotcity.co.uk/mobile-casino/ already offers a mobile site complete with all its casino games. It is looking to make its mobile play even more socially minded in the future as are other major players in the gaming industry. Read more here: http://www.sacbee.com/2012/10/05/4884031/mobile-gambling-predicted-to-reach.html#storylink=cpy

"Although social gaming juggernaut Zynga was reportedly 'leading the race' in a bidding war for online poker provider Ongame Network just a few months ago, Amaya Gaming Group has ended up winning it. The Montreal, Canada-headquartered gaming company this morning announced that it has acquired Ongame from Internet gambling powerhouse Bwin.party for 25 million euros (just south of $32.2 million)."

"Tech Industry Sets Its Sights on Gambling"

"New Jersey has cleared the way for casino patrons to gamble on their tablets, smartphones, and other mobile devices."

"Slot machines you see in casinos today could soon be things of the past. Not in 20 years, but in five. Experts predict that the games themselves aren't likely to change. They'll just get more portable, as gaming tries to keep pace with customers used to being entertained by iPads and smartphones. Instead of players sitting at big banks of slot machines, they'll gamble on iPads installed in restaurants, bars and other parts of the casino, much like video poker screens are today, but portable. "

"Zynga Inc. (Nasdaq: ZNGA) has lost Laurence Toney, the general manager of Zynga Poker, one the gaming company's oldest and most successful digital products."

In April, Wynn was in talks with Zynga (NASDAQ:ZNGA), the world's largest social gaming developer, to form a strategic online partnership. (See our previous post: Wynn Takes Hard Look At Online Gambling Market With Zynga) Speculation is rife that Wynn is interested in partnering with Zynga for this project. Zynga enjoys a dominating position in the social gaming industry and has about 232 million average monthly active users across 166 countries.