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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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Gambling News :

Contagious Gaming Q1-2017 Report - Vancouver-based software developer Contagious Gaming reported on its first quarter 2017 results for the period ending June 30, 2016 saying it had achieved its first quarter of positive EBITDA.

China Issues Warning to 26 online gaming operators - China’s Ministry of Culture (MOC) has issued a warning to 26 online gaming operators ordering them to “clean up their act” following an investigation into illegal online cultural activities.

LVBet in Sponsor Deal With Kölner Haie - The deal makes LVBet the teams official betting partner, with several branding, social networking and publicity opportunities, including the operation of tournaments with prizes.

NYX Gaming released its Q2-2016 and H1-2016 results - Online gambling software and games developer and platform provider NYX Gaming released its Q2-2016 and H1-2016 results Monday, highlighting the following performances:

Tab Launches We Love A Bet Campaign - The Australian land and online gambling group TAB has launched a new brand repositioning and publicity campaign titled We Love A Bet which highlights the company’s role in providing unique social and memorable moments that punters experience when placing a bet.

Betsafe Sponsor Deal with Sheffield United FC - Football League One club Sheffield United FC has inked a single season sponsorship and official betting partner agreement with online gambling operator Betsafe.

Betsoft in deal with Code Cloud - Online gambling software and games developer BetSoft has clinched another deal with an Asian-facing operator, this one with Code Cloud, which will carry the full BetSoft gaming suite on its Xile99.com website.

GVC Holdings and IGT Awarded Romanian Gambling License - GVC Holdings and International Game Technology are the latest to receive licensing from the Romanian National Gambling Office (ONJN).

Ladbrokes named partners with Brisbane Bullets - Ladbrokes have proven to be a fantastic partner for the club, which were thrilled they will continue to be,” Melbourne Racing Club chief executive Brodie Arnhold said in a press statement.

Club Deportivo Leganes extends partnership with GoldenPark - MGA is a leading Spanish-based operator of todoslots.es and Goldenpark.es both of which are powered by gaming and sports betting platform provider OPTIMA.

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