Zynga Files Preliminary Application to Run Real-Money Gambling Games in Vegas (Reuters)

source: Zynga.com

I'm currently editing my template, but this news on Zynga was interesting:

"(Reuters) - Social games maker Zynga Inc said on Wednesday it filed a preliminary application to run real-money gambling games in Nevada, a significant step in cracking a complex but potentially massive new market that could resuscitate its faltering business."

I've been watching Groupon and Zynga crash ever since their IPOs. They are currently trading around their cash and book values. Here are my previous posts.

• Zynga's Stock Crashes After Lowered Q3 Bookings Outlook (10/7/2012)
• $ZNGA is Trading Below Book, Around Cash, and Has a $200 Million Share Repurchase Program (11/12/2012)
• Groupon is Almost Trading at Cash and Book Value (11/11/2012)

Hat tip @bored2tears