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Internet Gambling Among Teens and College Students Webroot.
And online poker is estimated to be worth $6 billion annually in the US alone, as the Justice Department has apparently opened the door to internet gambling by reversing their longtime position that online poker and betting was illegal. Just how open online gambling will become with this change of ruling has yet to be seen, but it is interesting to note that Sheldon Adelson, owner of the Las Vegas Sands Casino and one of the world's' richest men, responded to the ruling with concern, saying that loosening the reins on online gambling will take a heavy toll on young people, especially because current technology isn't' robust enough to keep children from betting real money using their computers. Internet gambling takes little more than acquiring or borrowing a credit card. Internet gambling sites already have teens and young adult users on their sites. A whopping 20 of college students play online poker at least once a month according to the Annenberg Public Policy Center, an organization that has tracked young peoples use of gambling sites for over 10 years.
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Zynga Makes Its First Move Into 'Real' Money Games, Partners With Casino Gaming Giant Bwin.Party - TechCrunch.
Earlier this year in Zyngas second quarter earnings call, CEO Mark Pincus told analysts and investors that the company was on track to launch real-money games in the first half of 2013, so this squares up with that timing. And in August, the company hired former online gambling exec Maytal Olsha to serve as its chief operating officer of new markets, in effect tasked to lead its push into games that deal in real money. This is big news, and it will be very interesting to see how it impacts the investor reception of its third quarter results announced this afternoon. Zyngas stock price has been lagging around record lows for weeks, and yesterday the company cut five percent of its workforce as part of a move to cut a number of social gaming titles that have not gotten strong user traction.

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