Facebook Casino Game Launches, Backed by Myspace’s Tom Anderson and Reality-TV Star Brody Jenner

RocketFrog is the latest company to bet on casino-style games on Facebook as online gambling becomes more of a reality.
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Care to Bet Which Other Social Games Company Is About to Go Public?

Caesars Entertainment may be known for its Las Vegas casinos, but it also has a burgeoning business developing way off the Strip.
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News Byte

Zynga Closes Above Its IPO Price

Maybe it’s the hype around Facebook’s impending IPO, or the opportunity for real-money gaming, but, for whatever reason, Zynga is trading higher than its $10 offering price for one of the first times since December. Today, the social games publisher was up 3.4 percent, or 34 cents, to close at $10.39 a share. Earlier this month, Zynga lost at least 20 percent of its market value, and was having a hard time staying above $8. Fourth-quarter results are due on Valentine’s Day.

Zynga Calls Out Bingo as It Gets More Serious About Casino Games

Zynga is getting close to launching Bingo, its second casino game on Facebook, which could serve as a precursor to the company’s more official online gambling business.
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Zynga Confirms It Is Seeking Partners for Online Gambling Initiatives

Operating the largest poker game on Facebook is not enough — Zynga has confirmed that it is exploring the prospects for real-money gambling, and is in active talks with several partners.
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Voices

States Cleared for Online Bets

Some state lotteries are likely to take steps toward online gambling after a new opinion by the Justice Department that gives states a green light.

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TV Helped Drive Traffic to Online Poker Web Sites, Irking Justice Department

In 2003 after PartyPoker.com advertized on one episode of “World Poker Tour,” then on Travel Channel, the website saw a surge in traffic, making it one of the most popular poker-gambling websites in the U.S.

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Internet Gambling Vetoed in New Jersey

New Jersey Gov. Chris Christie vetoed a bill Thursday that would have made his state the first in the U.S. to reintroduce online gambling since it was effectively prohibited by a 2006 federal law.

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States Make Play for Web Gambling

Efforts to legalize online gambling in the U.S. are moving to the states as lawmakers roll the dice on bills that aim to steer around federal laws effectively prohibiting Internet wagering.

News Byte

Reconsidering a 2006 Ban, Congress May Bet on Internet Gambling

File this under creative solutions for fixing the budget deficit: With a House panel’s approval of a bill that would legalize nonsports betting and online poker, Congress seems to be on its way toward overturning its 2006 ban on Internet gambling. The bill, which would allow the IRS to tax Internet gambling operations and winnings by individuals, could yield as much as $42 billion for the federal government over the next 10 years.