Zynga stocks up 11 percent

Shares for online gambling company Zynga skyrocketed 11 percent on 8 February last week.

Zynga shares are now thought to be worth more than $3.43 a share. This is the highest the stocks for the company have risen in almost 7 months.

The overnight spike in stock market value is believed to have something to do with the state of New Jersey’s move to probably legalize online gambling in future.

Last week New Jersey governor Chris Christie announced that, although the online gambling bill was being vetoed, it would be accepted with a few minor alterations. This makes New Jersey the third US state to significantly move towards online gambling.