Read My Lips - Mattrick said Znga will not do On Line Poker - On Line Gambling
so stop pumping online Poker in U.S. or overseas. CEO of Zynga said its not in the company's plans near term or long term. All Mattrick wants to do is online games which unfortunately is not where the bread and butter is.
you're an idiot. Zynga has repeatedly stated it has no plans to become LICENSED for online gambling...HUGE difference, and if you'd pay attention you'd know this. So, before pretending you're in the know, please get "in the know"...
Once they discontinue their online gambling games in the UK and they shut down their online gambling game versions I will agree with you. In the meantime, we can agree to disagree on this topic with billions of $ at stake for this company. This will not impact 2nd qtr earnings obviously so keep selling/shorting this will not risk your position for now. Longterm investors will need to consider this aspect of the business as a longterm hold.
Sorry dude - New CEO said online gambling is dead in the water. That is why stock has been down last few weeks/months. Online poker is where the money is but Zynga never go a gambling license in the states, never partnered with a casino and now should very little interest in online gambling in UK. Zynga is burning money fast and doesn't have capital to initiate online gambling anywhere. Its DOA as Mattrick said during his first quarter announcement.