Zynga's shares have been trading down 21 percent in the last six months, but as noted by
CNBC, that didn't seem to have any impact on the company's board approving a very lucrative package for CEO Don Mattrick. The executive's pay this year is worth $57,814,391, and that makes Mattrick the second-highest paid CEO in the entire Bay Area behind Oracle boss Larry Ellison.
The hot debate over legalizing online gambling nationally took a turn with the defeat of House Majority Leader Eric Cantor, who was backed by Las Vegas Sands (NYSE:
LVS) CEO Sheldon Adelson in Virginia's Republican primary.
One of the most high-stakes, controversial and intriguing business stories in the history of the modern gambling industry is heading toward its conclusion. PokerStars, the world’s biggest online poker company, has agreed to sell itself for $4.9 billion to Amaya Gaming, a small publicly-traded Canadian supplier of gambling equipment.
A tiny, inexpensive box looks like a clever little trojan horse for Sony's game streaming master plan.
The National Association of Convenience Stores will back a major public affairs campaign aimed at encouraging Congress and association members to support a proposed online gaming ban. The convenience store industry is most worried about the possibility of lottery tickets being sold across state lines over the Internet.
Reports that slot machine giant International Game Technology has been put up for sale didn’t surprise Wall Street.
Scientific Games Corporation announced the appointment of Gavin Isaacs as President and Chief Executive Officer of Scientific Games, succeeding David L. Kennedy effective immediately. Mr. Kennedy will continue to serve as Executive Vice Chairman of the Board.
Consorteum Holdings, Inc. announced that its wholly owned subsidiary, ThreeFiftyNine Inc. ("TFN"), has entered into a development contract with Bet Clearer Ltd., the parent company of Bet Butler, to develop a mobile application for Bet Clearer's existing web-based betting concierge service.
According to Nevada political analyst Jon Ralston, a new poker-only Internet gaming bill is making the rounds on Capitol Hill. The news is both good and bad for those who support online poker. The good news is that this bill purportedly supports a federal law that would allow online poker to be legalized at the federal level in the United States. The bad news, at least to some, would be that this bill would prohibit other forms of Internet gambling.
Slot machine giant Bally Technologies announced Thursday it would pay up to $100 million to acquire a social gaming company.
Bally said it would purchase Dragonplay, an Israel-based social gaming business, which is considered one of the industry’s top 10 grossing social game developers with 700,000 active daily users and 3 million monthly users.
Zynga CEO Don Mattrick has explained the recent swathe of executive departures at the company, and highlighted what he sees as a big miss for the social gaming giant, in his latest interview.
POKER machine maker Aristocrat Leisure will soon have its popular Facebook games ready for play on smartphones and tablets.
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