Endorsed by Gambling911

Zynga Applies for Nevada Online Poker License

Written by:

Aaron Goldstein

Published on:

Dec/05/2012

Zynga Applies for Nevada Online Poker License

The world’s largest free-to-play online poker site, Zynga, has applied for a Nevada online poker site that the company said could take up to a year before they are up and running to accept real money from US customers, or at least those in the state of Nevada.

Federal legislation currently prohibits online poker websites from offering their real money services, however, both Nevada and Delaware have passed laws allowing their residents to play intrastate online poker. These and other states could eventually enter into compacts similar to that of the US lottery Powerball business model.

Chief Revenue officer Barry Cottle issued this statement on Wednesday:

Zynga has filed its Application for a Preliminary Finding of Suitability from the Nevada Gaming Control Board. This filing continues our strategic effort to enter regulated RMG markets in a prudent way. We anticipate that the process will take approximately 12 to 18 months to complete. As we’ve said previously, the broader U.S. market is an opportunity that’s further out on the horizon based on legislative developments, but we are preparing for a regulated market. We’ve also recently partnered with bwin.party to bring the highest quality real money gaming experiences to our UK players in the first half of 2013.

Zynga Inc. shares rose $.07 or 3.1 percent, to $2.32 on Wednesday prior to this news breaking after closing.

- Aaron Goldstein, Gambling911.com

Business/Financial News

Odds of a US Recession Continue to Rise as Tariffs Still a Threat

The IMF on Thursday said they believe global growth will be hurt by trade tensions but do no expect a recession.

US Recession Betting Odds Give 60% Chance for 2025

Bettors on prediction-market startup Kalshi are assessing the chances of the U.S. economy entering a recession this year at 70%.

Odds on Tariffs - Betting Markets

Facing a global market meltdown, Trump on Wednesday abruptly backed down on his tariffs on most nations for 90 days, but raised the tax rate on Chinese imports to 125%.

Bet on Will the Dow Jones Close Below 30,000 at Market Close Any Time in April

The people who set probabilities for a living are not painting a pretty picture for financial markets.

Looking for the best Pay Per Head Website?

The pay per head service has come to stay, as a great alternative for bookies who want to clear away from having to deal with the hassle and expense of having to establish their own land based operation but want to enjoy the benefits of having their own professional online presence.