Zynga let it all ride with its IPO late last year and its stock has fluctuated ever since, with some analysts suggesting the social-games market has capped out its user base, that it doesn't generate enough consumer spending, and that Zynga just isn't worth very much as a company. Perhaps in answer to these claims, Zynga is flirting with the idea of online gambling -- the kind with real money.
Zynga is talking with several potential partners about the foray, a spokesperson told All Things D, along with the following statement: "Zynga Poker is the world's largest online poker game with more than 7 million people playing every day and over 30 million each month. We know from listening to our players that there's an interest in the real-money gambling market. We're in active conversations with potential partners to better understand and explore this new opportunity."
Entering the online-gambling industry would help Zynga end its piggyback dependence on Facebook, which may quell some investors' concerns about its future as an independent company. And it may stop Zynga from making more games like Farmville.
Reader Comments (24)
Posted: Jan 24th 2012 5:17AM This Little Man Says His Name Is said
"Hmm our original ideas aren't generating enough money. I know we'll do something no one else has ever done. Online Gambling!"
Reply
Posted: Jan 24th 2012 6:55AM Stevetrop Man of Mystery said
@This Little Man Says His Name Is
I'm sure they'll be able to use their past expertise on how to cheat folks out of their money this go round.
Reply
I'm sure they'll be able to use their past expertise on how to cheat folks out of their money this go round.
Posted: Jan 24th 2012 10:25AM Mike DPad said
@This Little Man Says His Name Is
Took the words right out of my mouth... I realize they're "considering" this but the fact they haven't already jumped on this much earlier (ie before their IPO) reflects the poor management of this company. They remind me of the sort of company that existed in the late 90s, early 00s... When that bubble bursts and people don't want to play Farmville anymore, there's going to be a lot of sad, lonely people...
Rage comic - http://chzb.gr/zHyrYC
Reply
Took the words right out of my mouth... I realize they're "considering" this but the fact they haven't already jumped on this much earlier (ie before their IPO) reflects the poor management of this company. They remind me of the sort of company that existed in the late 90s, early 00s... When that bubble bursts and people don't want to play Farmville anymore, there's going to be a lot of sad, lonely people...
Rage comic - http://chzb.gr/zHyrYC
Posted: Jan 24th 2012 5:39AM Third said
Mixing kid-friendly games with gambling... Reminds me of Ted E. Bear's Mafia Free Playland and Casino.
"N-O-M-A-F-I-A
Oh baby!
Welcome, welcome, generous friends
Days and weeks and tokens to spend
We're just regular business men
Just you and me an' Ted E. Bear
Ted E. Bear's is oodles of fun
Slots and sandwiches and poker and guns
And look: no mobsters--nary a one
With you and me an' Ted E. Bear."
http://www.samandmax.net/wiki/Just_You_And_Me_(And_Ted_E._Bear)
Reply
"N-O-M-A-F-I-A
Oh baby!
Welcome, welcome, generous friends
Days and weeks and tokens to spend
We're just regular business men
Just you and me an' Ted E. Bear
Ted E. Bear's is oodles of fun
Slots and sandwiches and poker and guns
And look: no mobsters--nary a one
With you and me an' Ted E. Bear."
http://www.samandmax.net/wiki/Just_You_And_Me_(And_Ted_E._Bear)
Posted: Jan 24th 2012 8:09AM drunkingamebar said
I'm from America, and sadly gambling from home isn't a freedom we have. Every good online poker game that you could actually spend/make real money on has been shut down, or blocked by the FBI. Unfortunately if I want to gamble i'd have to drive an hour, and a half up the road to Foxwoods, or Mohegan Sun.
What I don't understand is all these countries that don't have "freedom" can gamble online - WTF?!
I've been lied to all my life...
Reply
What I don't understand is all these countries that don't have "freedom" can gamble online - WTF?!
I've been lied to all my life...
Posted: Jan 24th 2012 8:29PM Chareth Cutestory said
@drunkingamebar
Hmm... You just gave me an idea...
What if we started giving Native Americans online Reservations?
Reply
Hmm... You just gave me an idea...
What if we started giving Native Americans online Reservations?
Posted: Jan 24th 2012 8:26AM baby sea tuna said
And if this gamble doesn't pay off, there's always pornography!
Reply
Posted: Jan 24th 2012 10:22AM JuntMonkey said
@baby sea tuna I get it, because gambling and pornography are both evil, terrible things. Right?
Reply
Posted: Jan 24th 2012 10:32AM CaptainProtonX said
@baby sea tuna
Doesn't anybody own the rights to "PornVille"?
Reply
Doesn't anybody own the rights to "PornVille"?
Posted: Jan 24th 2012 10:43AM baby sea tuna said
@CaptainProtonX
If only I wasn't at work right now...
Reply
If only I wasn't at work right now...
Posted: Jan 24th 2012 9:40AM 880Cloud088 said
@kalmis Because this time last year they where talking bout how casual gaming will be overtaken by them.
Reply
Posted: Jan 24th 2012 11:08AM baby sea tuna said
@kalmis
No, but games that a majority of readers are aware of. Joystiq has to put up an article every 20 minutes or so, so they can't all be megatons.
Reply
No, but games that a majority of readers are aware of. Joystiq has to put up an article every 20 minutes or so, so they can't all be megatons.
Posted: Jan 24th 2012 9:17AM ItsameMatt03 said
Like I want to put any money into anything associated with Zynga.
Reply
Posted: Jan 24th 2012 12:29PM TheHyphenator said
@Lordd G
There's probably some loophole they're planning to exploit. I'm not much of a gambler, but I'd bet that you have to buy "items" to bet, and winning will get you the same type of stupid crap you "gift" people on Farmville.
Reply
There's probably some loophole they're planning to exploit. I'm not much of a gambler, but I'd bet that you have to buy "items" to bet, and winning will get you the same type of stupid crap you "gift" people on Farmville.
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