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Zynga Poker Upgrade Delayed

Friday August 8,2014 : ZYNGA POKER UPDATE DELAYED
 
Social gaming firm battles declining player interest and revenues.
 
The once mighty US social gaming firm Zynga has cut its earnings forecasts and delayed the launch of the much publicised upgrade for Zynga Poker and other games after worse than expected quarterly results and declining player interest.
 
Revenues for the second quarter fell 33.5 percent to $153.2 million, with revenue for the six months ending June 30 down 35 percent to $321.3 million.
 
Year-on-year, the firm saw its active player numbers shrink from 187 million to 130 million, and now anticipates that deferred revenue for 2014 will be in the range $695 million to $725 million, substantially lower than the previous guidance of between $770 million and $810 million.
 
News of the disappointing results and consequences triggered a 9 percent fall in the company's share price this week.
 
The upgraded poker software and other games, including new mobile offerings from subsidiary Natural Motion, will now be delayed, possibly for months, judging by a Reuters report quoting chief executive Don Mattrick, who suggested that the expected revenues from these games would be moved to the 2015 financial year.
 
On the bright side, Zynga's deal with the US National Football League represents the promise of a new mobile game titled NFL Showdown in the future, and there is talk of a new mobile game based on top international golfer Tiger Woods.



Recent Gambling News :

King Of Vegas : 25 Free Seats - #vegas This summer, we’re sending 25 players and their friends to Las Vegas for the WPT 500 – one of the most-exclusive live poker experiences in the industry with a $2 million guaranteed prize pool!

Ladbrokes Apple Watch Betting - Wearable mobile gambling technology, a development much in evidence at this years' ICE show has already debuted in the industry in the form of a new Ladbrokes app, according to a report in the Australian publication Horseracing.com.au this week.

Paddy Power 2014 Annual Report - Paddy Power's 2014 annual report, presented in a typically irreverent and entertaining style, is now available, showcasing impressive results with over half its action now online, but recording the demise of the Paddy Power In-Play Facebook app, social gaming product Betdash and the Roller mobile casino.

Opap Offered Sole Greek Horse Betting License - HRADF, the Greek government's privatisation agency charged with selling off government assets as the nation struggles to meet its international debt obligations, has announced that it has invited former government gambling monopoly (since privatised) group OPAP to sign an agreement to acquire the country's sole licence for horse racing betting.

Police Stop Asia Pacific Poker Tour Nanjing Millions - There was drama at the Wutaishan Sports Centre in Nanjing Friday when local police stopped players entering to participate in the 2015 Asia Pacific Poker Tour Nanjing Millions, issuing a notice which shut down the tournament and claimed the organisers were suspected of illegal gambling.

FBI Evidence Against Paul Phua Dropped - Federal prosecutors in the illegal sports betting case against Paul Phua suffered a setback Friday when US District Judge Andrew Gordon ruled that evidence gathered through a questionable FBI ruse abused the accused's privacy rights and is therefore inadmissible.

Gaming Standards Association To Discuss Online Gaming - The Gaming Standards Association (GSA) announced Friday that the group's Online Gaming Committee will meet May 12 and 13 in London to do a final review of the Third-Party Game Interface standard.

NYX Gaming Posts Q4 and full year 2014 results - Expansion is the broad strategy going into 2015, online gambling software and turnkey provider NYX Gaming revealed in posting its Q4 and full year 2014 results this week, flagging the following highlights:

Bwin.Party Intergrates Net Entertainment Games - Late last year Bwin.Party signed a content supply agreement for its internet and mobile casino with Swedish online gambling software developer Net Entertainment, and the deal came to fruition this week with the launch of the new games.

Game Account Network has posted a GBP 2.6 million pre-tax loss for 2014 - The Irish online gambling software provider Game Account Network (GAN) has posted a GBP 2.6 million pre-tax loss for 2014 despite a rise in underlying net revenue of 20 percent to GBP 6.5 million.

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