Zynga Withdraws Nevada I-Poker ApplicationMove Comes After July Announcement That It Would Cease Real-Money Gambling Plans |
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In July, Zynga announced that it was ditching its real-money online gambling plans in the United States. Recently, the firm officially filed to withdraw its online poker license in Nevada, and Silver State gaming regulators have said OK to the move.
The company said in a statement this summer:
“Zynga believes its biggest opportunity is to focus on free to play social games. While the company continues to evaluate its real money gaming products in the United Kingdom test, Zynga is making the focused choice not to pursue a license for real money gaming in the United States.
Zynga will continue to evaluate all of its priorities against the growing market opportunity in free, social gaming, including social casino offerings."
There were once rumors of Zynga and Wynn Resorts discussing an online poker partnership, but that never materialized. Wynn is now teaming up with 888 Holdings.
Zynga was founded in 2007 and is based out of San Francisco.
The firm will still pursue social poker on Facebook.
Some of Zynga’s other products include FarmVille, Frontierville, Mafia Wars, FishVille, PetVille, Cafe World, YoVille, Vampire Wars, Roller Coaster Kingdom and Pirates! Rule the Caribbean.
According to Yahoo Finance;, Zynga’s (ZNGA) stock has actually been experiencing an uptick recently, trading at around $3.80 per share. It March 2012 it was trading at $14.70.
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