As expected, Nevada has granted 888 Holdings (EIHDF.PK) a  gambling license to operate in...


As expected, Nevada has granted 888 Holdings (EIHDF.PK) a  gambling license to operate in the state, making the U.K.-listed company the first online gaming firm to receive a permit in the U.S.  The move could have repercussions for Caesars Entertainment (CZR) and WMS Industries (WMS) - both of which have a partnership with 888 - Century Casinos (CNTY), Zynga (ZNGA), International Game Technology (IGT) and others.
Comments (5)
  • DIgitalMediaView
    , contributor
    Comments (631) | Send Message
     
    ZNGA is clearly trailing the field of online gaming companies forming partnerships with gambling industry operators in the US. Recent reports have suggested they are far behind in positioning themselves with regulators and forging such key alliances with the casinos in NV and NJ. (http://bit.ly/15wEnXX) Today's announcement offers confirmation of their weak competitive positioning. This was one of the main factors driving BofA/Merrill's ZNGA downgrade earlier this week. (http://bit.ly/16JfOuh) This is a near-term and long-term problem. The establishment of such partnerships within the states' regulatory frameworks will continue to be the determining dynamic in the US as dictated by the slow, fragmented roll-out of state-by-state legalization: "The need for alliances will probably also play out in other states [besides NV and NJ], said Skip Bronson, chairman of U.S. Digital Gaming: 'I can’t tell you what games will be allowed or what the tax rates are going to be. But I can guarantee in all the states, it’s the existing stakeholders that will have their way.'” This is a big reason why commentators are describing ZNGA's chances of success in the competitive field as "a long shot." (http://bloom.bg/14TcYza)
    22 Mar 2013, 09:08 AM Reply Like
  • haleiwahu
    , contributor
    Comments (4011) | Send Message
     
    DMV - Are you shorting Z? or just staying away?
    22 Mar 2013, 12:40 PM Reply Like
  • slcUTAH
    , contributor
    Comments (542) | Send Message
     
    I've noticed DMV is the Public Service Messenger for anything Zynga news. LOL. Either DMV must be shorting the stock OR absolutely hates the company OR has a large position with a competing company? I don't care which it is actually but it is obvious there's an agenda/play. Just wondering.

     

    Anyways, to all have a great weekend and stay safe.

     

    -Cheers!

     

    -Cheers
    22 Mar 2013, 03:28 PM Reply Like
  • DIgitalMediaView
    , contributor
    Comments (631) | Send Message
     
    You got me slc, UTAH. I have an agenda. You see, I'm on a mission: http://bit.ly/Yi3SPx
    22 Mar 2013, 05:55 PM Reply Like
  • romilar
    , contributor
    Comments (778) | Send Message
     
    Yes,it's going to be an ardous uphill battle for ZNGA or any other small outside interest to gain a significant foothold in the online gambling industry.Fortunately for me Zs' participation in on line gambling,would be little more than extra icing on an otherwise near perfect cake.Zs' value (in my opinion) is in it's entertainment and Advertising platforms.The unobstructed upside potential for this little stock,far outweigh the negative. The technical prowess ZNGA brings to the table,also makes them a hot prospect for a buyout.The odds are in this investors favor.

     

    A special thanks to all the negative authority-type commentators,who have contributed to driving the stock price down.My additions are more cost effective.In return,some advice offered in humility.If you judge the worth of a tree by the fruit it produces,when you crack the walnut,remember it is the sweet nutmeat you want.The shell makes a lousy topping....Rom
    22 Mar 2013, 11:17 AM Reply Like
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