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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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Gambling News :
World Poker Fund to acquire Universal Entertainment ZGroup -
UEG has been chosen by the Iowa Tribe of Oklahoma to supply the online poker technical product for the tribe's ambitious plans to launch the international brand PokerTribe.com and InSkyCasino.com in internet, marine and airline formats from servers based on tribal lands in Oklahoma.
13 percent increase in 2015 Italian Gambling Market -
According to research commissioned by AAMS/Sogei and undertaken by the Politecnico di Milano’s Osservatorio Gioco Online, Italian online players spent Euro 821 million on regulated games during 2015, a 13 percent increase.
Netent Share Split -
Gaming software specialist NetEnt AB have taken the decision to split each NetEnt share into seven new shares, one of which will be a redemption share
CherryAB Acwuires Comeon -
Last week’s industry speculation, following Swedish gaming company Cherry AB’s halt in trading, was put to rest Monday as Cherry AB announced the acquisition of 49 percent of the shares in online gaming company ComeOn Malta Ltd.
BetatHome Q1 Earning Results -
Betclic Everest subsidiary Bet-At-Home.com has released solid first quarter results attributed to ongoing marketing and brand awareness strategies which include its high profile jersey sponsorship of Berlin-situated football Club Hertha BSC.
New Bitcoin Casino Launches -
Online casino white label provider SoftSwiss has announced the launch of a new internet casino titled Bitcoin.com for Bitcoin virtual currency promoter and investor Roger Ver.
Lotto Spring Making unauthorised deductions -
Offshore online lottery operator Lotto Spring is getting a media roasting in Australia after being accused by a punter of unauthorised deductions from her bank account, and allegations that it is not licensed for Aussie operations.
New Games for WMS and Playtech -
Scientific Games subsidiary WMS and online gambling turnkey provider Playtech have both announced new games due for release soon.
Tabcorp group Q3-2016 -
The disparity between the two metrics was caused by player-favourable horse racing results, chief executive officer David Attenborough explained.
Macau Revenue decline in April less than expected -
That's the question analysts are asking after the April numbers were released yesterday by the Macau Gaming Inspection and Coordination Bureau, showing that the monthly decline of 9.5 percent was less than had been anticipated by analysts.
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