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Zynga’s $404m loss may drive move to online gambling

15th February 2012 9:49 am GMT

Social games developer Zynga Inc. has confirmed its interest in the online gambling sector as it revealed an 85 per cent year-on-year increase in game revenues.

In its first set of results as a publicly listed company Zynga posted 2011 full year revenues of US$1.14bn, an increase of 91 per cent versus the previous year, driven by an 85 per cent increase in online game revenues to $1.07bn and a 226 per cent increase in advertising [...]

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