Internet gambling is becoming a tidbit for many companies, including casinos, as it has been legalized in three states, and other state authorities are seriously considering the legalization of it on their soil. The interest is even bigger as the first legal pay-to-play poker website has been launched. Casinos are observing the new scene with interest as they are eyeing online gambling which might become their next gold goose.
On the 1st of March, William Hill Plc informed that it would pay as much as £424 million for the acquisition of its partner Playtech in order to gain the control of its online gambling operations and strengthen its position in the market. Investors are very much satisfied with the deal as it means that William Hill, UK’s largest bookmaker, bets on online growth prospects.
Zynga Inc, the social game developer of such hit games as “Farmville” and CityVille”, published its second-quarter earnings. The weak financial results as well as also weak expectations for the rest of the year caused Zynga’s stock prices dropped 41 percent, to $3.18 a share.
Full Tilt Poker, a popular online gaming website that used to offer gambling to millions of players worldwide, faced license revocation by gambling control commission last week accusing the site for misleading officials about its financial operations.