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Zyngaís chief financial officer David Lee Leaving Vompany

Wednesday November 4,2015 :  ZYNGA LOSES CFO

On the back of quarterly revenue growth report.

Social gaming giant Zynga’s chief financial officer David Lee will leave the company on a high as it reports a positive performance in its third quarter results which are above the top end of its guidance range.

The results were driven by Zynga’s three core mobile franchises Wizard of Oz Slots, Words with Friends and Empires & Allies, up 61 percent year-on-year.

The company said it generated $176 million in total bookings and $12 million in Adjusted EBITDA.

Mobile bookings have grown 26 percent versus the prior year and now make up 69 percent of Zynga’s total bookings, up from 66 percent in Q2.

Average bookings per user (ABPU) grew 27 percent year-over-year and 10 percent sequentially.

In addition, Mark Pincus, founder and chief executive officer, said his belief in the social gaming opportunity has impelled him to initiate a $200 million stock buyback programme.

Zynga’s recent acquisition of Rising Tide Games saw the launch of Black Diamond Casino with another social casino offer “Princess Bride Slots” set for release during the fourth quarter.

Michelle Quejado, chief accounting officer for Zynga, will take over Lee’s CFO role until the company has appointed a replacement.  Lee will leave the company mid-December 2015.

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Gambling News :

PokerStars.CZ has launched in the Czech Republic - PokerStars.CZ has launched in the Czech Republic, becoming the first licensed online casino and poker operator under the Czech Republicís new gaming regulation. This follows on from the approval by the Czech State Supervision of Gambling and Lotteries Department.

Luckia Games in Partnership with NYX Gaming Group - NYX will provide Luckia with its open gaming system, NYX OGS, and open platform system, NYX OPS, to support the growth of its established Spanish operation.

Sunbets to Sponsor Sutton United - Online betting operator Sun Bets has inked a one-off sponsorship deal with English association football club Sutton United for its upcoming televised clash against Arsenal FC in the FA Cup fifth round tie.

Time is Money Slot Launches - Set to a catchy tune, Time is Money offers a free spins bonus where all wins are multiplied by up to x12 by a random multiplier, selected from the time traveling clock.

ArenaCube Signs 3 New Deals - Under their strategic partnership, ArenaCube and Kiron will develop and launch a new version of Arena Challenge in 2017. The new version of the game will carry Kironís virtual content.

First Woman to Win a WPT Playground Championship - Besting a field of 380, in the C$3,500 buy-in event, Zajmovic beat Jean-Francois Bouchard in heads up play, pocketed the C$261,000 first prize and a seat in the season ending WPT Tournament of Champions.

NHL Odds: Oilers-Blackhawks at the United Cente - Fans at the United Center will be treated to a potential Western Conference playoff preview this Saturday when the upstart Edmonton Oilers visit the Chicago Blackhawks. The puck drops at 7 PM ET on WGN.

2017 Partypoker.net WPT Playground main event Results - Although she entered the heads up against Jean-Francois Bouchard with a chip deficit, Zajmovic was able to get herself back in the game with some skillful and disciplined playing, eventually overtaking the leader and finally leveraging her chip advantage into a decisive win.

IGT In Deal With Norsk Tipping - International Game Technology has announced a new contract signing which will see it providing interactive casino and Instant Win game libraries and custom games through a remote game server to Norwegian gambling group Norsk Tipping.

ZYNGA POKER ENJOYS IMPRESSIVE GROWTH IN 2016 - By re-focusing on the mobile environment and poker, social gaming giant generates revenue of $741 million - without offering real money games!

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