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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.



Recent Gambling News :

Amaya Gaming Sells Cadillac Jack - The Amaya Gaming group in Montreal has shed another subsidiary as part of its strategy to concentrate on internet and mobile gaming, confirming that it has entered into a sales agreement with AGS for Cadillac Jack, a slots manufacturing company.

EZ Baccarat Game Launches - EZ Baccarat is carried on GameAccount's Simulayted Gaming platform , with the first client Foxwoods Resort Casino Connecticut. Parx Casino in Pennsylvania and Empire Casino in New York will soon follow suit.

BetConstruct To Provide Odds To Gaming1 - Gaming1 chief executive officer Sylvain Boniver said considerations taken into account before signing the BetConstruct deal included fluency of the information flow, the number of live events covered worldwide and the flexibility of the supplier, all of which Betconstruct satisfied.

Alessandro Allara New Head of SNAI in Rome - With fifteen years in the online gambling industry under his belt, and a wealth of contacts, Alessandro Allara is well qualified to head up the online gambling division of Italian gambling group SNAI in Rome, a position he took up earlier this month after leaving Paddy Power, where he was Direttore della comunicazione, Italia.

Huge Win at Slotland Casino - Winning player DonnaS has been a regular at the casino for the past two years and told casino staff that whilst playing on a cold, dark winter's evening she hit the jackpot.

Betting companies in Cyprus Protest OPAP - Early members of the new Cyprus Betting Companies Association include Bet on Alfa, Fair Champions Meridien, Cy Bet and Megabet Plus, reports the Cyprus Mail.

USA Tribal Gaming Growing - The tribal gambling industry in the United States continued to grow in 2013, albeit by a mere 0.5 percent, reports the Casino City Indian Gaming study, which notes that. 79 tribal gambling venues across 28 US states

Sunday Online PokerTournament Recap 3/30/2015 - The biggest of the tourneys in terms of entries was undoubtedly the Pokerstars Micro Millions main event, which hosted 59,648 poker players eager for a chunk of the guaranteed prize pool of $1.2 million. That event was won by "BgsaPnaples", who took home just over $110,000.

17 arrested In Malaysia Gambling Ring Bust - The relentless Malaysian police pursuit of illegal online gambling continued this week with a late afternoon raid in the Sarawak province which saw 17 people arrested and 10 computer sets and other evidence seized.

Rabbit in the Hat New Microgaming Slot - Online gambling software and games developer Microgaming has announced the launch of a new scheduled for early April titled Rabbit in the Hat.

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