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Zyngas Q2-2016 Earning Report
Friday August 5,2016 : ONLINE GAMBLING ELEMENTS CONTINUE TO DELIVER FOR ZYNGA
But social gaming giant battles in other sectors.
San Francisco-based social gaming developer and operator Zyngas latest quarterly (Q2-2016) shows that the company continues to incur losses, albeit at a slower rate than before...but that online gambling-related games like Zynga poker and Wizard of Odds and Hit It Rich slots are still delivering impressive percentages of the companys revenue at 19, 15 and 11 percent respectively.
The slot products were especially impressive, contributing 32 percent of all game revenue and 39 percent of in-game sales revenue, whilst the poker vertical accounted for 19 percent of game revenue and 20 percent of in-game sales.
That wasnt enough to stave off overall net losses in the quarter, although they were markedly curtailed at $4.4 million (Q2-2015: $26 million) on revenue which declined 9 percent to $181.7 million following a tightening of management controls and especially marketing budget.
The split between online gaming revenue and advertising and other sources was $136 million vs. $46 million.
The mobile channel again recorded an increase in in-game sales contribution, rising 19 percent year-on-year to $137 million of the total $174.6 million generated.
Investors will be concerned not just by the continued losses, but by the steady decline of the player-base despite the advent of new games like the CSR2 racing product.
During Q2-2016 daily active users fell 15 percent year-on-year, and monthly active users declined more than 25 percent, although the company managed to boost its average daily takings per DAU to 10.7 percent - a y-o-y increase of 17 percent.
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Amaya FY2016 Trading Update -
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LeoVegas To Sponsor Leicester Tigers -
The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.
Optima Information Services iShop -
Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.
CAGAYAN CHIEF MOVES TO REASSURE LICENSEES -
Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.
New Massachusetts Online Gambling Bill -
It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.
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