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Zynga launches real-money online gambling, sees 15% rise in stock prices

Zynga enters the world of real-world gambling, sees stock prices surge

Anthony Garreffa | Apr 4, 2013 at 2:32 am CDT (0 mins, 45 secs time to read)

Zynga have launched their online poker and casino games in the UK this week, their first move away from social gaming and a very serious push into real-money gambling.

Zynga launches real-money online gambling, sees 15% rise in stock prices | TweakTown.com

The company now offer online poker, slot machines, blackjack and other games. They've partnered up with bwin.party, who are the world's largest publicly traded online gambling company, who saw a profit of $32 million in 2012. Barry Cottle, Zynga's chief revenue officer, took to the company blog, where he said:

Launching the download and web versions of Zynga's real money games for play in the UK is an exciting move to bring players the real money games they have been asking us for. We look forward to launching our social versions of real money games for players on Facebook and mobile in the UK throughout 2013.

Zynga shares rose considerably with the real-money gambling launch, seeing a nice 15% rise on the day.

Last updated: Apr 7, 2020 at 11:34 am CDT

NEWS SOURCE:arstechnica.com
Anthony Garreffa

ABOUT THE AUTHOR - Anthony Garreffa

Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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