Zynga Files Paperwork In Nevada For Real-Money Gambling Games
You may know Zynga as the social gaming company behind hits like Zynga Poker and FarmVille. Zynga has started preparing to create gambling games and they spent around $75,000 lobbying for it. The company filed preparatory paperwork in Nevada for the gambling games according to The Wall Street Journal.
The Nevada Gaming Control Board has confirmed that Zynga filed an application yesterday for a preliminary finding of suitability to hold a gaming license in the state. Nevada is know for allowing companies to offer online poker.
The state of Nevada will be examining Zynga’s financial standing and regulatory track record. The timing for a decision is expected to be take between one year and 18 months.
Zynga allows players to buy virtual goods with cash for their games, but cash out with only virtual currency. “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,” stated Zynga Chief Revenue Officer Barry Cottle.
Nevada was the first state to license companies for offering online poker games limited to people within the state. Caesars Entertainment Corp. received preliminary approval for their online poker license in Nevada. Caesars owns the World Series of Poker brand and they are hoping to take it online sometime soon.
Zynga plans on partnering with Bwin.Party Digital Entertainment in online gambling. Zynga will start by offering real-money poker and casino-style games in the U.K. by the first half of next year.