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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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Recent Gambling News :

Veteran Quarterbacks Pour Gas on AFC North Rivalry - A pair of AFC North rivals will take the stage on Sunday. The Baltimore Ravens and Pittsburgh Steelers are neck and neck in both the standings and on the NFL betting lines. Football fans will have to choose which team has what it takes to steal a lead in a tight division.

Four Horses Stand Apart at Breeders Cup Classic - Wise Dan is the two-time winner of the Eclipse Award as the top American Horse of the Year. However, Wise Dan won't win the award this year, and he’ll sit out from this weekend's Breeders' Cup Mile with an injury. He won the race the past two years.

Horse of Year Award Likely Goes to Breeders Cup Classic Winner - The 2014 Horse of the Year Award is expected to be on the line in Saturday night's Breeders' Cup Classic. The $5 million purse makes the Classic North America’s richest horse race. A field of 14 horses will compete in the marquee event of the 31st Breeders' Cup World Championships at Santa Anita.

Shared Belief Favored in $5 Million Breeders Cup Classic - A strong field will take to the track at Santa Anita on Saturday night for the 1 1/4 mile Breeders' Cup Classic. With a purse of $5 million, it's the richest thoroughbred race in North America.

Malaysia Shutting Down 172 Gambling Websites - The Malaysian Communications and Multimedia Commission (MCMC) has traced 172 illegal online gambling websites in the country, which it says it is intent of shutting down as part of a broader government drive against internet gambling.

ASA handles 398 complaints about gambling adverts last year - The marketing publication Brand Republic reports this week on the UK Advertising Standards Authority's recent review, which showed that the advertising watchdog handled 398 complaints about gambling adverts last year.

Intralot Italia signs up for virtual sports services - Inspired Gaming has been chosen as a cirtual sports supplier by Intralot Italia - the eighth operator to select this product range, which includes football, horse-racing, tennis and cycling titles.

Ladbrokes in SPonsorship of Brisbane Roar - Ladbrokes marketing director James Burnett said Wednesday that football was an important element in the Ladbrokes business plan, and that the agreement will strengthen its Australian footprint.

11 arrested in Hanoi Gambling Ring - The crime of organising illegal gambling is punishable by jail terms of up to ten years and the confiscation of property in Vietnam.

CHURCHILL DOWNS TO SHUTTER LUCKITY BINGO - Louisville gambling firm Churchill Downs Incorporated (CDI) will reportedly shutter its two-year-old Luckity bingo operation according to a filing with the Securities and Exchange Commission.

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