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Zynga Discusses Online Gambling Future

19 February 2012 by Devon Chappell

zyngapoker-facebookSan Francisco based social network game developer Zynga – already dominating the virtual gaming scene with Zynga Poker – now has its eye on online gambling. What could a move like this mean for Zynga? Well, considering Zynga’s daily user base is in the millions, a successful move towards real money gambling could yield annual profits in the billions.

“It is very interesting”, Zynga Chief Operating Officer John Schappert said of online gambling while discussing the companies’ first quarterly report since the $1 billion stock offering they went public with in December.

The gaming industry at large has long been clamoring for the legalization of what is arguably one of America’s favorite online past times. And while online gambling has been a thriving business for some, many American companies like Zynga have stayed away due to fears of legal battles thus far deemed not worth fighting. But with recent statements from the Department of Justice indicating a potential for state-by-state legalization on the way, Zynga seems to think the time is now to make its move.

During the conference call, Schappert went on to say, “We are the leaders in online poker gaming, and we have the most social and popular poker game. So obviously we know the audience.”

Zynga is clearly well positioned with its huge user base to make a run at the online gambling market, but what is still unclear is when exactly state-by-state legalization will occur. This week’s setback regarding legalization in the District of Colombia indicates if nothing else that lawmakers do not all share the same views as far as legalization is concerned.

So it may be a while before you can play Zynga Poker for real money, but in the meantime, check out any of our top rated online casinos and we’ll point you in the right direction for all of your gaming needs.

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