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||'Teen Wolf' Actor Sues Casino Over Assault|
|2||DraftKings: Week 4 NFL DFS Picks|
|3||Poker Strategy: Short Stack Preflop Play|
|4||Crazy Gambling Stories From September|
|5||A Poker Life: Adam Friedman|
|6||DraftKings: Week 5 NFL DFS Picks|
|7||NJ Lawmaker: PokerStars Licensing 'Long Overdue'|
|8||Poker Hand of the Week: What's Your Play?|
|9||$5.5M In Additional FTP Money To Be Repaid|
|10||Vegas Casinos Aim To Find Own Power Sources|
|1||Legendary Gambler Banned From Nevada Casinos|
|2||Italian Poker Pro DQ'd For Chip 'Prank'|
|3||Matt Smith Goes From Poker Pro To DFS Millionaire|
|4||'Teen Wolf' Actor Sues Casino Over Assault|
|5||Wynn Takes Hit After $258M Junket Heist|
|6||Man Says Casino Stole His Blackjack Winnings|
|7||Online Poker: Phil Ivey Having $400K Month|
|8||DraftKings: Week 1 NFL DFS Picks|
|9||WSOP Main Event Coverage Begins Tuesday On ESPN2|
|10||DraftKings: Week 4 NFL DFS Picks|