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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.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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