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ZYNGA READY TO LAUNCH REAL MONEY POKER
Thursday July 26,2012 : ZYNGA READY TO LAUNCH REAL MONEY POKER
First half of 2013 launch into Countries outside of the U.S.
Social gaming giant Zynga chief executive Mark Pincus confirmed the company's intention of launching its first real-money online poker game within the first half of 2013 in an earnings conference call yesterday (Wednesday).
Considering the current status of U.S. regulation, the launch would more than likely initially be targeted outside of the U.S and the company said it has its first real-money products ready for launch and is looking to mobile as a big growth opportunity in the future.
Pincus said: "We faced new short-term challenges which led to a sequential decline in bookings. Despite this, we're optimistic about the long-term growth prospects on mobile where we have a window of opportunity to drive the same kind of social gaming revolution that we enabled on the web."
Zynga said it grew its mobile footprint five-fold in the year to 33 million daily active users making it the largest mobile gaming network.
In related news, the firm reported Second Quarter 2012 Financial Results with revenues of $332 Million, up 19 percent y-o-y and bookings of $302 Million, up 10 percent y-o-y attributed to strength in advertising and record game audiences achieving 300 million monthly active users.
Zynga stocks fell on the back of the company failing to meet its earnings target. Pincus announced that the firm has lowered its outlook citing delays in new game launches and a faster decline in existing web games due in part to a more challenging environment on the Facebook web platform, and reduced expectations for Draw Something
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Gambling News :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
"Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”
NEW CAMBODIAN GAMBLING LAWS -
After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
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