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Zynga Gambling

Zynga wants to enter the online gambling market in the United States and the pressure is on for regulators in Nevada to make a decision regarding the matter.

The popular online gaming company disclosed that it had signed a deal in the United Kingdom that would allow them to offer poker and other casino games that will be played with cold, hard cash in October with initial gaming to begin in early 2013.

Zynga GamblingLate in the evening on December 5, 2012, Zynga issued an email statement stating that it is seeking an application to initially be found suitable for online gambling licensing in the United States from the Nevada Gaming Control Board. This is the first part of their plan to become part of the United States' real-money online gambling market, a market that continues to rise in popularity and rakes in millions per year.

Although they have not formally stated what they intend to officially do with licensing in the United States, it is evident that Zynga is looking for a new way to prophet as its Facebook popularity continues to decline. Many people have quit Facebook gaming altogether among privacy and sharing issues as well as a rise in gaming on mobile devices.

The company, which is based in San Francisco, California expects to hear an answer from the Nevada Gaming Control Board between 12 and 18 months from now. If they receive the go-ahead in the first round of applications, they will continue by applying for an official gaming license, which takes an additional two to three months. The extended time frame means that it could be up to two years before the United States sees any kind of legal casino gaming at the hands of Zynga.

Zynga's stock rose on Thursday, December 6, 2012, closing at $2.49, a 7.1% increase from the morning's opening price of $2.32. The company is publicly traded. The company first rose to popularity with such Facebook games as "FarmVille" and "Words With Friends". Currently, "Zynga Poker", played with fake money, is one of the most popular games on the Internet, as well as on mobile devices.

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