An article evaluating the future of online gambling on social networks like Facebook estimates that new regulation in the U.S. could help drive enormous revenues and traffic. Facebook alone could become a $100 billon company.

The world's largest social gaming developer Zynga is ready to take on real-money gambling. A spokesperson has told All Things D that the company is actively investigating opportunities to take its play-money casino players one step further.

Gaming giant International Game Technology has reached an agreement to take over social gaming casino Double Down Interactive. The deal - worth $500 million - is the latest of a series of big initiatives from IGT.

Industry rumors suggest that social network giant Facebook is planning to launch real-money play as early as the first quarter of 2012. The games will arrive to Europe first, with UK players being first in line.

Chili Poker has decided to give players a chance to show off their best and worst poker hands with a new promotion titled ChiliHand. Chili Poker is asking all of their members to post their best or worst hands on Facebook for a chance to win an exclusive package to the DSO of their choice.

Facebook has relaxed its policy on egaming advertising in regulated markets, leaving among others online poker companies free to promote their services. Advertisers will still need approval from Facebook.

The Epic Poker League is gearing up to become an industry heavyweight with a new launch of a play-money social gaming client on Facebook. The League also revealed its new championship ring today.

PokerStars is ready to launch a new set of social media features, which will allow players to connect their accounts with Facebook and Twitter. The new features will be made available to all players this month.

Victory Poker has announced that the site will be moving all of its players to Cake Poker and convert into an affiliate marketing site. The decision comes after one year in the online poker business.

Social media developers Zynga has acquired the services of poker statistics site PokerTableRatings.com. The takeover is Zynga's eleventh acquisition in just as many months.

Chili Poker has introduced a new social media platform called Chili Connect. The platform among other things allows players to share results and make side bets from within the Chili Poker client.

The popular Facebook application "Texas Hold'em Poker" has announced its first live event, a poker conference scheduled from 18-19 March in Las Vegas.

A computer hacker from Paignton, England, has admitted stealing $12 million worth of poker chips from social game developers Zynga. The 29-year-old man is now awaiting trial.

Social games developer Zynga has revealed that the company's first application for Google's Android powered mobile phone platform will be the popular Texas Hold'em, already known from Facebook.