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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.
Gambling News :
European Union gambling jurisdictions -
The agreement forms part of the ongoing implementation of the Commission’s action plan ‘Towards a comprehensive European framework for online gambling’ of 2012, which inter alia aims to create structural cooperation between national gambling authorities to improve the protection of consumers, minors and ensure the integrity of games.
Danny Gladstone Announcement on Ainsworth Game Technology -
The market’s negative reaction to Ainsworth Game Technology’s announcement on the departure of its group manager of strategy and development, Scott Clarebrough, has prompted a response from chief executive Danny Gladstone who said “the market had over-reacted”.
Opap Files 1 Billion damages claim against Greek Government -
The Greek Government’s introduction of new lottery regulations, which effectively halt the further rollout of video lottery terminal’s (VLT), was met with an aggressive response from domestic gaming monopoly OPAP who filed a Euro 1 Billion damages claim against the Government this week.
Phil Ivey Granted Appeal in Crockfords Case -
Our readers will recall, Ivey used what he deemed a legitimate technique when playing Punto Banco at the Mayfair club in August 2012 with a female companion, however a British court ruled in favour of Crockfords in 2014 saying he breached the rules of the game
Pokerstars Boycott -
Russian online poker player and twoplustwo forum member Dani Stern aka “I from Russian” is taking on online poker giant PokerStars saying “a site that was once clearly for the players, has completely lost sight of that”.
Rock On Slot Review -
Since Rock On only offers three coin types—0.01, 0.05 and 0.10—bets can be fairly low for this game, which is great because it makes it accessible to all players, regardless of their bankroll.
A Switch in Time Slot Review -
That A Switch in Time has actually weathered the test of time speaks to the game’s durability, quality and engaging features that hook players from the get-go.
Microgaming Slots Set For Release -
Microgaming has uploaded a sneak peak at six upcoming titles “Happy Holidays”, “Serenity”, “Lucky Twins”, “Peek A Boo”, “Bikini Party” and“Dragon Dance”.
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