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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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Coingaming Launches Bitcoin only sportsbook -
Coingaming.io, a software provider for white-label Bitcoin casino solutions, announced Thursday that it has launched its Bitcoin-only sportsbook product ahead of the forthcoming English Premiership football season, which starts on August 8th 2015.
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Peter Greenhill Joins Equiom Group -
The mystery of where former Isle of Man e-Gaming Development and Director of e-Business Peter Greenhill's next job will be has been solved with the news that he is to remain on the island
Spilnu Profits Up 79 Percent -
The 79 percent rise in profit is attributed to the introduction of a new fully-responsive website towards the end of the year, which has improved the user experience and boosted game sessions by 58 percent.
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