All ZNGA has going for it is what's left of it's IPO cash. And that's getting smaller by the quarter.
Sentiment: Strong Sell
Let's peruse the most popular ones, shall we? FullTilt- banned for 5 years. Pokerstars- banned for 5 years. Absolute Poker- banned for 5 years.
Another uneducated, idiot post from you. What a surprise...
Just using common sense for one moment
Which of these other companies currently have 250mm users in 166 separate countries? Which of these companies hold upwards of 75% of all online gambling patents? Which of these companies have already had strategic partnership talks with Wynne more than a year ago? Which of these companies is partnered withb.win and will start making gambling revenues within the next 3 months?
Also what ZNGA will ultimately have is trust. Trust transparency will be the number 1 factor in online gambling. Small companies will have little to no chance to succeed. Pokerstars did 1.5billion in revnue in 2010 but are banned now. Who is going to get all that money?
Facebook is carrying ZNGA for just 1 more month. Then watch the subscribers fall. They already fell 10% last quarter. That's certainly not growth. Revenues are forecast to fall 20% this quarter. That's not growth. Online gambling won't save ZNGA. It will just provide an opportunity to break it up. POGO could buy Farmville if they are in the spending mood, and a casino could buy the poker site if it's cheap enough. ZNGA as a whole company won't be around in 2 years imo.