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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 :
#888poker Blast Promotion -
In a good example of its continually evolving promotional innovation 888Poker has announced a new online game which will be launched Monday July 25 titled Blast.
Pokerstars Cash Game Traffic Down 50 Percent since 2011 -
#pokerstars #888poker New numbers from online poker monitor Pokerscout reveal the alarming news that 7-day average cash game traffic at market leader Pokerstars has declined 50 percent since 2011, with the latest figure of 11,500 players continuing the trend.
Pokerstars Cutting Staff in the UK -
Reports from insider sources at Amaya Friday indicate that the Pokerstars parent group is cutting staff in its London offices as "dozens" of jobs are either eliminated or transferred to the Isle of Man headquarters of the online poker giant.
Major Greek Online Gambling Ring Busted -
The region includes the Greek capital of Athens, and police raids have reportedly targeted the citys affluent suburbs, where the ring operated from several expensive houses and apartments.
VulkanBet has gone live -
#UltraPlay #VulkanBet has announced that the online casino and sports betting operator VulkanBet has gone live on its Malta-approved Playfinity platform, enabling the operator to offer in-play betting across a range of sports via the Overwatch service.
IBID Group acquires Pragmatic Play -
The new owner plans to bolster the current senior management team by recruiting and appointing experienced managers from providers who service the land casino industry.
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