Zynga's stock rises

Online gambling bill prompts leap.
Text: Mike Holmes
Published 2013-02-11

Zynga's stock has risen 11 per cent in recent days, bringing the troubled publisher's stock price to its highest point since July of last year.

The sudden hike in value comes after New Jersey Governor Chris Christie suggested that a recently rejected bill on internet gambling could go through with some amendments, opening up a potential $1billion dollar market, with Zynga already established in that area over here in the UK and poised to do the same in the US should laws relax.

The report on GamesIndustry.biz states that recent increase leaves Zynga's share price at $3.43 after rise of 34 cents.

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