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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.
Gold Diadem Casino Launches -
The new destination offers online gaming and betting across multiple platforms utilising EveryMatrix’ OddsMatrix, GamMatrix and Casino Engine.
Ambiance Slot Launches -
The game is a 20-payline video slot offering Wilds and a New Scatter Collect feature. Each line win creates a unique combination of sounds, and collecting five or more scatter symbols triggers an equal amount of free spins, with additional spins awarded if more scatters are collected during free spins mode.
Totolotek has launched an HbbTV app -
HbbTV (Hybrid Broadcast Broadband Television) is a pan-European specification for interactive television delivered over both broadcast and broadband Internet connections. It deploys information and entertainment services to HbTV-enabled set-top boxes and iDTVs.
Player Wins AU$327 000 Online -
While the player, identified only as D.C., racked up a series of wins on several games, he/she hit a big one on Microgaming’s Burning Desire video slot for AU$298,000.00.
Jenny Rosberg Nominated to NEtent Board -
The Committee also proposed the re-election of the current directors Vigo Carlund, Fredrik Erbing, Mikael Gottschlich, Peter Hamberg, Michael Knutsson, Pontus Lindwall and Maria Redin.
BetatHome full year 2014 results -
Betclic Everest SAS Group subsidiary Bet-At-Home.com AG said it had continued successful operations following the above-average momentum of previous quarters in its full year 2014 results.
Great Q1 Results for Gala Coral -
Gala Coral Group is hailing strong online and multichannel growth in its latest quarterly performance while bemoaning the impact of adverse football results.
Antigua Issues another WTO warning to USA -
There's almost a sense of Groundhog Day ("a situation in which a series of unwelcome or tedious events appear to be recurring in exactly the same way") about the World Trade Organisation dispute between the United States and Antigua over online gambling, which has entered its 11th year in 2015....but here we go again.
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