Seeking Alpha

IGT is shutting down its European online poker ops due to regulations that barred users in some...

IGT is shutting down its European online poker ops due to regulations that barred users in some nations from playing against users in other nations. The move comes only a year after IGT paid $115M to acquire European online poker concern Entraction Holding; the company still plans to offer online bingo, slots, and sports betting on the continent. IGT's about-face could spell trouble for Zynga (ZNGA), which is prepping a 1H13 international online gambling launch.
From other sites
Comments (2)
  • Mondego
    , contributor
    Comments (419) | Send Message
     
    Less competition for Zynga maybe?
    18 Sep 2012, 06:05 PM Reply Like
  • SA Editor Eric Jhonsa
    , contributor
    Comments (1019) | Send Message
     
    Perhaps. But if they have to deal with the same regulations, it'll be a major headache.
    18 Sep 2012, 06:10 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs