While things certainly haven’t been going Zynga’s way on Wall Street, the beleaguered social gaming giant got a hint of good news from Nevada regulators.
That news? Zynga’s application for a preliminary finding of suitability in Nevada may be processed at the early end of the expected 12-18 month timeline.
That’s via a PandoDaily article that includes extended comments by Nevada Gaming Control Board Chairman A.G. Burnett:
Burnett says there is no way to expedite the process, but Zynga has the fortune of good timing. The board just finished up a few large investigations, so it has some agents dedicated solely to Zynga’s application. “The agents will put their focus on this. That’s not always the case,” Burnett says. “They might be in luck.” And someone from the Nevada Gaming Commission should know luck.
Zynga filed their application back in December of 2012. At the time, the window for approval was estimated at 12-18 months, although Nevada regulators do not issue official timeframes.
Sources close to the process suggest that Zynga’s suitability hearing is tentatively set for late 2013, probably December.
A finding of suitability would not allow Zynga to immediately participate in Nevada’s regulated online gambling industry.
The company would still need to form a partnership or establish some sort of presence in Nevada and also apply for a specific license related to interactive gaming.