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.
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