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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 :
Over 14,000 entrants have already signed up For WSOP Colossus -
#wsop #colossus The World Series of Poker's new $595 buy-in Colossus event appears likely to live up to its name; WSOP officials revealed Thursday that more than 14,000 players have already signed up for the Friday, May 29 and Saturday, May 30 starting flights.
XcelMobility launches new WiFi platform -
The Chinese online lottery service provider, XcelMobility Inc., has launched Afterburner, an innovative new Wi-Fi networking platform allowing mobile users and lottery players to easily and quickly connect to the company's online lottery and advertising portal.
Stride Gaming reports impressive growth -
The recently London-listed online bingo operator Stride Gaming achieved impressive growth, according to its half-year report for the period ended February 28 this year.
SPORTECH SELLS OFF ITS STAKE IN NYX J.V -
Sportech plc announced Thursday that it has agreed to sell its stake in a 50-50 venture with NYX Gaming to its partner in the social gaming joint venture for GBP 12 million.
New Executive Director for Betfair -
The listed British online gambling group Betfair plc has announced the appointment of chief operating officer, Mark Brooker, to the Board as an executive director, effective June 1 2015.
Plus500 Apologises for money laundering checks impact customer account -
The UK spreadbetting firm Plus500's run-in with the Financial Conduct Authority over money laundering precaution shortcomings caused more red faces this week at the company's annual meeting when CEO Gal Haber found himself apologising for what he admitted were "major failings" at the company.
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