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Zynga Social Slot Game Making $160K a Day
Monday March 16,2015 : ZYNGA RIDING HIGH WITH SOCIAL SLOT GAME
Three social gaming products in the top ten illustrates the potential of the sector.
Zynga's mobile social game 'Hit It Rich! Free Casino Slots!' was the subject of an assessment this week that also illustrated the potential of mobile social gaming in the publication Seeking Alpha.
The assessment quoted current numbers from the independent monitor Statista which showed that the Zynga offering, developed by subsidiary Spooky Cool Labs, is at number nine in the Top Ten games and delivers daily average sales from US iPad and iPhone users alone of $159,000, a figure the assessment estimates could be as high as $479,000 if Android and global usage is taken into account.
To put the figures into perspective, 'Hit It Rich! Free Casino Slots!' still has a way to go before it reaches the heights currently achieved by top game Clash of Clans, which has daily average sales of $1.63 million, but the important thing to note is the strong presence of social gaming apps on the overall list - the social casino genre is the third most lucrative mobile games category, with Hit it Rich, Big Fish Casino (sixth on the list) and GSN Casino at tenth.
Ways in which Zynga might extend its penetration into a clearly lucrative market are suggested by the study, principally to follow the example of Big Fish and expand the games choice to casino games beyond slots, such as blackjack or baccarat, increasing variety and interest in the offering.
Seeking Alpha also gives an interesting insight into the value of the social casino market, quoting statistics that indicate that this sector commanded 11 percent of mobile gaming revenue last year, according to the Casual Games Association, and that by the close of 2015 it will be worth $3.30 billion a year.
Newzoo estimates that mobile games revenue will reach $30.3 billion this year, so that sort of estimate is not too optimistic.
The Seeking Alpha article includes an interesting graphic of the top ten iPhone and iPad games in the United States, and can be accessed here:
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2017 Aussie Millions Event 1 -
The Melbourne-based player bested a field of 1,565 entries - 245 up on last year's equivalent - to end up in the heads up with New Zealnad's Qiang Fu, but not before both he and Qiang had narrowly escaped at the four-handed stage when they were the low stacks.
Swiss Reject idea to Block Gambling Websites -
The Legal Affairs Committee of the Swiss National Council has nixed new regulations which would have blocked access to online gambling sites in Switzerland, according to local media reports Tuesday.
Growth Ahead For Online Gambling -
Transparency Market Research has issued a teaser on its latest international online gambling and betting survey, forecasting that the industry will grow at a Compound Annual Growth Rate (CAGR) of 10.8 percent by 2024.
New Qubit software For SkyBetting -
#qubit Sky Betting & Gaming aims to top its record 50 percent revenue growth last year with new player differentiation software and expertise provided by the Qubit company.
Slotfather II Slot Launching -
#betsoft The first is a sequel to the popular gangster-themed online slot Slotfather, unsurprisingly titled Slotfather II, whilst the other is a new 243 ways-to-win game titled Fa Fa Twins..
Massachusetts Online Lottery Bill -
Flanagan's confidence was clearly boosted by the bill's success in the Senate last year, although it was not developed by the House and ran out of time.
Italy Doing Well With Online Sports betting -
The latest numbers from the Italian regulator show that online sports betting remains king when it comes to internet gambling in the market, generating Euro 391.8 million in turnover in December 2016.
Michigan To Reintroduce Online Gambling Bill -
#Michigan state Sen. Mike Kowell's staff have confirmed that the senator plans to reintroduce his online gambling legalization bill, which failed to make it through the last legislative season.
MGM Buys DC office building For lobbying team -
#MGM Resorts International has bought a new Washington, D.C., office building for its in-house lobbying team, led by former chief counsel to the now retired Nevada Sen. Harry Reid, Ayesha Khanna.
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