Investors double down on Zynga’s gambling ambitions
Not too long ago, Zynga looked like a video game company that was dabbling in the gambling world. But more and more, it’s looking like the reverse might be true, with the type of gaming most closely associated with Las Vegas and Atlantic City moving to the forefront.
It’s no secret that Zynga’s stock has fallen far below its initial offering price. Lately, though, shares have seen two significant bumps–an 8 percent climb Monday and 10 percent climb on Feb 8. In both circumstances, it was the possible legalization of online gambling that drove the climbs.