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Zynga Letting Go Half It Irish Work Force
Tuesday October 27, 2015 : ZYNGA TO LET GO MORE THAN HALF OF ITS IRISH WORKFORCE
Cost cutting measures to offset decline in revenue.
Latest trading updates from social gaming firm Zynga reveal the planned redundancy of 366 or 18 percent of its European workforce of which Ireland faces the highest ratio of 22 people or 60 percent.
According to the Irish Independent, Zynga reported a drop in overall revenues of $100 million with losses rising dramatically from $5.14 million to $86.7 million.
“There is a decline in revenues driven by a global decrease in sales year over year,” the Director’s report reads. “The decrease in revenue is mainly due to a decrease in user-pay bookings as well as revenues from certain games decreasing”.
In addition, Zynga Inc. said additional cost reduction measures will be implemented including lowering its data centre infrastructure spend.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
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