Written by :
Aaron Goldstein
Published on :
Zynga shares rose for a 5th straight session Monday in the wake of positive financial numbers and news that New Jersey Governor Chris Christie is willing to sign a bill into law this spring allowing Web gambling within that state’s borders.
Zynga’s stock has been bouncing back because of a short squeeze.
The stock was up over 12 percent by Friday’s closing bell.
The world’s largest free-to-play online poker company announced its intention to offer “real money” gambling by the first part of this year. It has since partnered with an existing software provider.
- Aaron Goldstein, Gambling911.com
