Zynga Inc (ZNGA)

[janicen_98]

This will get a lot of media play --this will keep ZNGA in the new for quite some time. Think about how ground breaking this news really is.


The bottom line is if NO state was interested in online gambling--there is NO market. But the last week was the first shot in what will be a wave of bill signings by all 50 states.
This will be on all of the major news channels for weeks and months ahead. I think the scope is kind of being underplayed a bit.
I like what Henry Blodgett said last year when he believed Facebook would garner incredibly massive gains from online gambling--but in reality it was ZNGA..
This is being poo pooed right now. There is other mechanisms at work with the share price/volume. But make no mistake--this is very very real and just the start.
ZNGA has to purely focus on conservation of cash building strategic alliances/ relationships continue building their patent treasure chest build the best games and get the Euro beta off to a success. They will have gambling revenues this year. They really do have a first hand in position. They can bring the customers and the technology to the casinos which frey the cost for the casinos.