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Zynga Applies for Online Gaming License in Nevada

December 17, 2012

The Nevada gambling industry has fallen in the crosshairs of Zynga Inc. Zynga, a top rated gaming firm boasting some of social network site Facebook’s hottest games, has a pending application for operation in the highly dynamic Nevadan gambling scene. It hopes to be granted a license to operate by the Nevada Gaming Control Board.

The application paperwork comprises of requests to get the gaming firm a preliminary hearing that determines its eligibility for the gaming license. However, according to Nevada’s Gaming Board, the application failed to specify the kind of game Zynga seeks to offer.

As customary in the treatment of applications within the state since it began shifting its legal perspective to allow intrastate online poker, Nevada will seek to ensure Zynga meets and complies with its current terms in respect to a regulatory track record and financial standings. There is no specified time period before decisions on applications are made, but Zynga should expect a response within 18 months.

Zynga is one of numerous operators seeking operational licenses in the Nevada marketplace due to its potential income ramifications, greatly facilitated by the state’s huge population. A number of leading national operators have also submitted their gaming license applications, including Caesars Entertainment, Bwin.Party Digital, and MGM Resorts. More entrants are expected to make submissions, although it remains to be seen which big names will ultimately operate in Nevada’s tightly regulated market.

Barry Cottle, Zyngas’s Chief Revenue Officer, says, “As we’ve said previously, the broader U.S. market is an opportunity that’s further out on the horizon based on legislative developments, but we are preparing for a regulated market.”

Written by Bea · Filed Under Poker News 

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