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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.
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With fifteen years in the online gambling industry under his belt, and a wealth of contacts, Alessandro Allara is well qualified to head up the online gambling division of Italian gambling group SNAI in Rome, a position he took up earlier this month after leaving Paddy Power, where he was Direttore della comunicazione, Italia.
Huge Win at Slotland Casino -
Winning player DonnaS has been a regular at the casino for the past two years and told casino staff that whilst playing on a cold, dark winter's evening she hit the jackpot.
USA Tribal Gaming Growing -
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Sunday Online PokerTournament Recap 3/30/2015 -
The biggest of the tourneys in terms of entries was undoubtedly the Pokerstars Micro Millions main event, which hosted 59,648 poker players eager for a chunk of the guaranteed prize pool of $1.2 million. That event was won by "BgsaPnaples", who took home just over $110,000.
17 arrested In Malaysia Gambling Ring Bust -
The relentless Malaysian police pursuit of illegal online gambling continued this week with a late afternoon raid in the Sarawak province which saw 17 people arrested and 10 computer sets and other evidence seized.
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