Zynga ....les "believers" disent

• Nevada's online poker bill has passed. It has a provision stating that companies who illegally participated in the online gaming market between 2006 and 2011 will be banned for five years. This bodes well for Zynga, as Pokerstars, as well as other current top poker sites will have to wait 5 years before entering the gambling space.
• New Jersey has passed their online gambling bill recently which will now be the second state besides Nevada to offer Online Gambling legally in the USA
• Massachusetts lawmakers are now looking to pass an online gambling bill.
• Delaware is moving forward with online gambling; tomorrow, applications are due for potential service providers. I see Delaware as being the 3rd state to get online gambling going behind Nevada and New Jersey.
• Illinois gambling bill is in the works as well. It will allow for games of skill and chance, so not just poker like in Nevada.
• Pennsylvania has announced it is working on a bill for online gambling.
• Zynga's Draw Something 2 sequel is in the works, as was leaked today. Zynga bought OMGPOP the creator of Draw Something for $180 million last year. It has since lost the huge hype it had when Zynga first bought it, when it topped the App Store's paid, free, and top grossing games chart in the first two months.
• Zynga still has a huge cash pile equivalent to $1.69 a share and with trading at $3.36 down over 75% from its 52 week highs it is a great growth and value play.
• Zynga's CEO Mark Pincus spoke at the Morgan Stanley Technology Conference. He said "I definitely think that making the real money gambling experience social will make a difference when you bring the social and the identity in, things like reputation and bragging rights get a lot more exciting than if you're in an anonymous poker room."
• Zynga CEO feels there social gambling experience will provide them an edge and with the company on track to release its online gambling products Zynga Poker & Zynga Casino in the next 1-2 months the future is starting to look bright.
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