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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 :
NHL Odds: Penguins vs Rangers -
The 27-18-7 Pittsburgh Penguins have won six of their last seven games to move back into third place in the Metropolitan Division. On Wednesday (8 PM ET, NBCSN), they'll visit the second-place New York Rangers, who have won six of eight to improve to 30-18-5.
NCAAB Odds: Tigers Roar Heading into South Carolina -
The LSU Tigers are at the top of a crowded SEC with the South Carolina Gamecocks just one game behind. The Tigers, led by super-freshman Ben Simmons, travel to face the Gamecocks on Wednesday in one of the marquee matchups of the midweek schedule. Tip-off is at 7 PM ET.
Pokerstars 10th anniversary Sunday Million $10 Million Guaranteed -
On March 20 this year Pokerstars intends to celebrate the 10th anniversary of its popular $215 Sunday Million online poker tournament in a big way...it has allocated a massive $10 million to the guaranteed prize pool, ensuring that the winner will walk away withat least $1 million.
SBTech signs deal in Latin America -
#SBTech Sports betting software supplier SBTech has signed exclusive agreements to provide two of Latin America's biggest regulated operators with its award-winning omni-channel sports betting solution.
Dansk Underholdning Launches -
NYX Gaming Group has announced the launch of Dansk Underholdning on its OGS platform, with a full suite of games suitable for the expanding Danish iGaming market.
Pokerstars to remove regular heads up cash games -
Regular heads up players were told in email communications that as of Friday 12th February No Limit Hold'em, Fixed Limit Hold'em and Pot Limit Omaha Heads-Up regular tables will be removed and will be replaced with Zoom pools.
Unibet to Renovate Maria Brand -
Online gambling operator Unibet has announced that it is to renovate its subsidiary online brand Maria later this (February) month in a project that will include a new website and brand refurbishment to make the operation more appealing to both men and women.
PBS Frontline New York AG case against DFS -
#draftkings #fanduel Tuesday night's much anticipated PBS "Frontline" examination of the daily fantasy sports phenomenon provided a useful platform for New York Attorney General Eric Schneiderman to pre-publicise his judicial action against leading operators
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