Zynga (ZNGA) files paperwork in Nevada to start the process to become licensed in the state to...

Zynga (ZNGA) files paperwork in Nevada to start the process to become licensed in the state to enter real money gambling markets. Though the process could take up to 20 months, the move shows the company intends to be right in the thick of the online gambling space as a regulatory framework works itself out. ZNGA +5.7% premarket.

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Comments (6)
  • haleiwahu
    , contributor
    Comments (4001) | Send Message
    ZNGA failed miserably when it offered free games. Now it wants to move into a territory where you gotta use real money? How in the world does ZNGA think they can brake into an industry where others are already doing the job right and serving their happy customers, and now ZNGA who has a history of failing, plans to take away customers from someone who isn't? ZNGA may need to take a reality pill. The rooms for online gambling are already successfully full and doing just fine without them.
    6 Dec 2012, 10:39 AM Reply Like
  • Modernist
    , contributor
    Comments (2083) | Send Message
    ZNGA didn't fail miserably. IPO investors failed miserably, especially the ones who thought it was a play on FB's IPO.
    6 Dec 2012, 11:00 AM Reply Like
  • racchole
    , contributor
    Comments (475) | Send Message
    Zynga did fail miserably. Management abandoned ship. Their products were a result of borderline-copyright infringement. They jumped on a bandwagon of pay-for-content games, copied their games from prominent software developers, and are now starting anew with Zynga.com sans FB. It sounds like an awful company and an awful investment.
    6 Dec 2012, 12:26 PM Reply Like
  • ChrisGriffith
    , contributor
    Comments (131) | Send Message
    6 Dec 2012, 01:02 PM Reply Like
  • bearfund
    , contributor
    Comments (1550) | Send Message
    After the Full Tilt debacle, people are going to be looking for the most trustworthy names in this space. That includes both regulators and players. The eventual winners in this space will be people like Steve Wynn and the bigger corporate players like LVS, along with a few of the existing big-time names in Europe. It remains to be seen who their technical partners will be in the US, but again I would be looking to Europe for leadership as there is an established market there already. Most are companies you've never heard of, which is exactly how the brand owners like it. Only the most degenerate gambler would give someone like Zynga his money.
    6 Dec 2012, 11:47 AM Reply Like
  • Whitehawk
    , contributor
    Comments (3121) | Send Message
    Completely agree, online gambling will need credibility, even if it is the casino brand of organized gambling.
    6 Dec 2012, 11:51 AM Reply Like
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