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Mark Pincus Zynga Founder Distancing Himself From Company

Founder defers to the "one captain" concept.
Mark Pincus, the founder of the San Francisco social gaming giant Zynga, has announced that he is to distance himself from all operational activity in the group and will now focus on the role of chairman and main shareholder of the group.
Pincus appointed Microsoft veteran Don Mattrick as CEO in June 2013
“I had wanted to stay on doing the product role for a while, because I wanted to put my hands on the product and make sure the company continued to also pursue its social mission,” said Pincus. “Don and some of the existing team and new people really embraced that and ultimately a ship is better with one captain putting a hand on the wheel.
“I am going to invest in ideas that I think can be breakthrough products, and I don’t feel any burning need to go out and start a company,” he said, adding that he was still interested mostly in the consumer Internet space.
This week Zynga delivered a weak set of quarterly results that showed the loss of more players.
During the quarter Zynga had 28 million daily active users - that's 1m more than it had in the previous quarter. However, viewed on a y-o-y basis, last year the company could boast 53 million daily active users.
This quarter it had 86 million monthly unique users, compared to 150 million in the first quarter of a year, Zynga saw almost half of its players move on.
During the quarter revenue was $168 million, a worrying decrease of 36 percent compared to the first quarter of 2013 and a decrease of five percent compared to the fourth quarter of 2013.
Zynga made a net loss of $61 million for the quarter - down from net income of $4 million for the first quarter of 2013.
Mattrick has taken an optimistic view, Zynga Poker had enjoyed sequential quarterly growth in bookings for the first time in seven quarters, and has grown its mobile audience by 19 percent - its strongest mobile audience growth in the last two years.
"We have established a strong base for 2014 and believe we are pacing well for a year of growth," he said.
In other Zynga-related news, Mattrick has hired Alex Garden, with whom he worked at Microsoft on the Xbox project, as president of Zynga Studios.

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Gambling News :

Wanajump Launches - #Wanajump Spanish online and land gambling operator Grupo R. Franco appears to be emulating the William Hill group, announcing this week that it is to begin a start-up accelerator program for innovative entrepreneurs, which it has titled Wanajump.

Coral Launches player proposition betting product - Digital Sports Tech, a business-to-business software provider of sports betting solutions, has signed a deal with UK online and land sports betting operator Coral to provide an innovative player proposition betting product.

Oshi online casino now accepts fiat currencies - The Oshi online casino, which started just a year ago as a Bitcoin-denominated operation, has described its expanded activity in a statement this week, noting that in addition to Bitcoin it now accepts fiat currencies and has added new game providers to its roster of suppliers.

New Standards for UK Online Gambling - Online gambling service and technology providers, along with operators and testing agencies will be studying the new gambling software and technical standards proposal published by the UK Gambling Commission following a public consultation.

Pennsylvania Gambling Bill 1887 returned with additions - The interaction between the Pennsylvanian House and the state Senate has become increasingly like watching a game of ping pong as the two political establishments wrestle with online gambling legalization and court-ordered tax fixes in the dying days of the current political season.

UKs Advertising Standards Authority vs Ladbrokes - A Ladbrokes Casino email promo has fallen foul of the UKs Advertising Standards Authority who deemed significant terms and conditions concerning bonusing to be unclear or misleading.

Mybet Earnings Struggle - The statement this week reveals that Mybet continued to be hampered by negative trends from historic quarters, making its original performance estimate "unrealistic".

Tom Horn Awarded Malta Gaming License - Online gambling software provider Tom Horn Gaming has been awarded a Malta Gaming Authority license that permits the company to host and manage Malta-based gaming operators.

Calvin Ayre invests in new Antigua Business Center - Ayre joined with government officials this week in a ground-breaking ceremony for a five-story centre on Antigua which will be home for the venture. The "green" building will be solar powered and provide employee-friendly services like catering, a gym and child care.

Attack of the Zombies Slot - Online gambling games developer Genesis Gaming has unveiled its latest game, with a theme based on a horror story of the undead, exploiting the current trend....and just in time for Halloween.

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