25
VIEWS
0
COMMENTS
 
SHARES
About this iReport
  • Not verified by CNN

  • Click to view LanaBandoim's profile
    Posted May 28, 2013 by
    LanaBandoim

    More from LanaBandoim

    Zynga reveals its plans for recovery

     

    USA Today recently reported that Zynga has specific plans for its recovery. Despite previously showing signs of improving stock prices, the company has been plagued by issues and falling user numbers. Its revenue is also sliding, so it is desperate to find a way to recover.

     


    CBS News reports that Zynga may be considering an entrance into legalized gambling to improve its stock price. This was recently the topic of an extensive thread on CardsChat.com, and members of the popular online forum expressed their concerns about the company’s future. They discussed the impact of this strategy since Zynga already has a free poker app that is available for mobile devices.

     


    USA Today points out that Zynga has already filed a request to get a license from the Nevada Gaming Control Board. This indicates it is considering the move into Internet gambling in the U.S. The company has also partnered with another company in the U.K. to allow players to use real money for its games. It still shows an interest in mobile gaming, but the company clearly sees a future in another direction. In addition, its SEC filing mentions the U.K. deal as a success story and points to the use of real money in games as the possible solution to its problems.

     


    Sources:
    http://www.usatoday.com/story/tech/2013/04/30/zynga-turnaround-may-ride-on-lady-luck/2125003/
    http://www.cbsnews.com/8301-34227_162-57580867/zynga-bets-the-farm-with-moves-into-gambling-mobile/
    http://www.sec.gov/Archives/edgar/data/1439404/000119312513170438/d526426dex991.htm

    Add your Story Add your Story