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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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Arctic Bear FaceBook Slot -
Isle of Man developer Multislot has announced that its second Facebook slot product, Arctic Bear, has been ordered by Plaor for use on its Mega Fame social casino Facebook app. Integration will take place early in 2015.
Betradar In Contract With Sisal -
Betradar has clinched a contract for the use of its Live Channel streaming product by Italian operator Sisal, which is using the service in the online and retail facilities of its Matchpoint subsidiary.
Ftops XXVII Starts Nov 30 -
The next edition of the Full Tilt Online Poker Series – the twenty-seventh outing for the popular online tournament – is scheduled to kick off on Sunday November 30 and will run through December 14.
Jonathan Jaffe Wins World Poker Tour Montreal -
Jonathan Jaffe, a 27-year-old internet professional player from Vermont, has triumphed in the C$3,500 buy-in World Poker Tour Montreal tournament, claiming a main event prize worth C$463,432 after defeating Ratharam Sivagnanam in a fiercely fought heads up.
A Look At Pokerstars anti-fraud precautions -
The latest in a series of informative vids on how Pokerstars goes about its business is now available and focuses on the sophisticated anti-fraud and anti-collusion measures deployed at the company’s headquarters on the Isle of Man.
Mike Huckabee Online Gambling InterView -
A Fox Television current affairs program hosted by former Arkansas governor Mike Huckabee plumbed the depths of biased and perhaps deliberately misleading television this week when anti-online gambling campaigner Blanche Lincoln aired her views, which are startlingly similar and equally questionable as those espoused by land casino tycoon Sheldon Adelson in his big-money efforts to outlaw internet gambling.
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