Zynga And Facebook Move Closer To Real Money Gambling
New Agreement Between Social Media Platform And Social Games Developer Brings Real Money Poker Closer
Social game developer Zynga has restructured its agreement with social media platform Facebook which paves the way for the launch of real money games such as online poker to be made available on Facebook.
The agreement, signed Thursday, Nov. 29 sees the loosening of ties between the two companies – Facebook is now free to develop its own games.
The key clause relating to real money games says, “If Facebook allows real money gambling games on the Facebook web site in countries where Zynga has real money gambling games, Zynga will subsequently launch such games on the Facebook web site, if certain conditions are met by Facebook.”
Zynga recently signed a deal with bwin.party which will see it launch real money poker in the UK via its Zynga Poker brand on the Party Poker network.
Zynga’s share price fell 12 percent on the news of the renegotiated deal as investors got nervous about the end of the special relationship between the two companies.
|1||Phil Ivey's 'Ivey Poker' Closes Virtual Doors|
|2||Man: Assaulted When Booted From Casino|
|3||Macau's Minimum Bet Dwarfs Vegas' Figure|
|4||Poker Strategy: The Trouble With War|
|5||The Next Poker Boom May Happen In China|
|6||Icahn: Taj Mahal 'Will Almost Certainly Close'|
|7||A Poker Life: Joe Kuether|
|8||The Poker Lottery|
|9||Poker Hand of the Week: What's Your Play?|
|10||Boston Globe: 'Pull Plug On Flawed Casino Law'|
|1||Judge: Poker Pro Phil Ivey Cheated At London Casino|
|2||WATCH: Man Cracks Opponent's Aces, Rubs It In|
|3||Phil Ivey's Rough Week Continues|
|4||Doug Polk Calls Out Daniel Negreanu|
|5||Iowa Police Steal $100K From Poker Players|
|6||Phil Ivey Gives Interview To 60 Minutes|
|7||Phil Ivey's 'Ivey Poker' Closes Virtual Doors|
|8||Poker Pro Matt Smith Wins DraftKings Millionaire Maker|
|9||Phelps Was Gambling Right Before DUI|
|10||Gambler On Tilt Makes Comment About Ebola|