Zynga Applies for Nevada Online Gambling License

According to a Wall Street Journal report unearthed by GII, Zynga is applying for a gambling license in the great state of Nevada. The company has shown a great interest in building social gaming properties for Facebook and its own social games portal that utilize online gambling and real-world wagers. The federal government indicated earlier this year that it would ultimately leave the matter of online gambling up to the states. The review process will examine Zynga's financial status and make a decision. That process by the state of Nevada could take 12 – 18 months to complete.

"We anticipate that the process will take approximately 12 to 18 months to complete. As we've said previously, the broader U.S. market is an opportunity that's further out on the horizon based on legislative developments, but we are preparing for a regulated market. We've also recently partnered with bwin.party to bring the highest quality real money gaming experiences to our UK players in the first half of 2013," Zynga chief revenue officer Barry Cottle said in a statement.

Zynga partnered with Bwin.party Digital earlier this year to launch real-money gambling games in the UK during the first half of 2013. Clearly the company is seeing some potential revenue through that deal. Earlier in the year Nevada began offering licenses to companies that wanted to offer real-world online gambling with wagers for players in the state, though most of those licenses seem to be tied to real-world casinos like MGM Resorts and Caesars Entertainment Corporation.

Gaming attorney Mark Clayton pointed out to TechCrunch that those companies who want to offer online poker in Nevada usually requires an operator to be in the state or a partnership with a casino. Zynga is likely working on a deal to do just that, but who they might partner with at this time is unknown…

Source: GII

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