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Mark Pincus Zynga Founder Distancing Himself From Company

Thursday April 24 ,2014 :  PINCUS BOWS OUT OF OPERATIONAL MATTERS AT ZYNGA
 
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 2013....in 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.



Gambling News :

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

New MPN Poker Rooms Tower Torneos - Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<

NY Rangers vs. Devils on 12/21 - When the Devils and Rangers hit the ice on Thursday (7 PM ET on MSG), so too will two of the league’s top netminders. After a slow start to the season, Henrik Lundqvist has returned to his form of old. Through 29 games, he’s posted a 2.59 goals against average, and a .920 save percentage.

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