Zynga Looks to Use Facebook and Social Media Gaming to Incorporate Online Gambling

Casino Watch Focus reported that  Facebook was looking into online gambling in markets where online gambling is legal.  The tie into gambling stems from Facebook utilizing an online monetary system in the form of credits.  Those credits are usable in games or other various items from developers.  One of Facebook’s larger developers, Zynga, who also develops for various mobile platforms, has taken note of the possibilities of a recent Obama Administration ruling, that allows online gambling. An online source explains:

Zynga Inc. (ZNGA) Chief Executive Mark Pincus said Wednesday he sees “mind blowing” possibilities for weaving real-money gambling into social games pending regulatory changes in the U.S., and suggested the company may partner with a traditional casino company before the end of this year.

“We’re definitely talking to all of the players that you would suspect,” Pincus said, adding, “We have incredible respect and admiration for brands and groups like the Wynn… I would expect that you’ll see a lot of these players kind of figure out their go-to-market partnerships for sure before the end of this year.”

Pincus noted that real money gaming would be a natural fit for Zynga, which already draws tens of millions of players to its Zynga Poker game.  Unlike current games such as Zynga Poker, real money gambling games would involve more than just virtual currency that cannot be converted into cash.

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