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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.
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GAN Partners with Station Casinos -
B2B online gaming company GAN (formerly Game Account Network) has revealed Station Casinos as its previously unidentified partner in an announcement made August 2016
Oceanís Call Slot Launches -
Online gambling games developer Habanero has embarked on a journey across the high seas to bring players its latest HTML5 high resolution slot title, Oceanís Call.
Big Names Playing WCOOP -
The big names came out to play in the closing stages of the World Championship of Online Poker this week as major prizes were handed out in a number of exciting and entertaining competitions.
Sirplay to Open Argentina Branch -
#SirPlay expects the new office to be fully operational by early next year, extending its service to Grupo Slots, which holds a license to operate the provincial San Luis Lottery, and other potential LatAm clients.
DFS Changes for Ohio -
#dfs Coley says that at present DFS is an example of the "pools for profit" concept, the rules for which the state Attorney General has opined are unclear in relation to DFS.
New Jersey Teams Up With Kahnawake Gaming Commission -
The New Jersey Division of Gaming Enforcement and the Kahnawake Gaming Commission have agreed to collaborate in preventing unlicensed online operators from accepting bets from New Jersey and other U.S. states through the Continent 8 data centre situated on tribal land, according to reports Tuesday from the Associated Press news agency.
Petition to Ban Online Gaming in Singapore -
Singapore Pools and Singapore Turf Clubís application to operate online betting has triggered the origination of a petition that calls on the Government to deny authorization and stop legalization of online gambling.
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