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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.
2015 WSOP Event 58 -
2010 World Series of Poker Main Event champion Jonathan Duhamel (27) has won another multi-million dollar poker tournament, besting the creme de la creme of international poker players in the $111,111 buy-in One Drop High Roller - event 58 at the 2015 World Series of Poker.
2015 WSOP Event 55 -
Sponsored by the market leading DraftKings daily fantasy sports provider, the event was unusual in that it enabled fifty percent of entrants to cash, with a minimum pay-out of $1,000. That pulled in an entry field of 1,123, creating a prize pool of almost $1.6 million that enabled 562 finalists to cash.
BetWay Signs Simon Hughes -
Award-winning journalist, broadcaster and former cricketer Simon Hughes, aka The Analyst, will be providing a detailed blog for online sportsbook Betway on this summer’s Ashes cricket tournament.
Primedice Taken For $1 Million in Bitcoins -
The operator was trying to enlist the aid of the internet Bitcoin and gambling community to track down for reward an online punter using the handle "Hufflepuff" who was able to manipulate the game and then make massive Bitcoin bets to consistently win, exploiting the flaw and making off with Bitcoin worth over a million dollars.
More Trouble For Former Bodog EX Robert Gustafsson -
Disgraced former Bodog Asia chief executive Robert Gustafsson, who already faces legal action on criminal and possibly civil allegations, could be in more trouble following the findings of the Philippines Court of Appeals late last month.
Tim Shea Says Pennsylvania Online Gambling a threat to land gambling -
In a letter to the editor of Penn Live this week, the president of the Pennsylvania Horsemen's Benevolent and Protective Association, Tim Shea, claims that the recent introduction of SB900, a Pennsylvania state Senate proposal to regulate and licence intrastate online gambling, constitutes a threat to his industry and the state's land casino businesses.
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