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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 :
Is Gibraltar Out of Luck in US Tax Challenge -
Gibraltar's challenge to the UK 15 percent point-of-consumption tax on online gambling operator revenues has already failed in the UK High Court, and it looks as if it may be rejected by the European Court of Justice too.
Quickspin are now available in Denmark -
#quickspin The roll-out strengthens the long-standing partnership between the supplier and the operator, with Quickspin games already available on Vera&John’s websites around the world.
UCypher Launches -
Indian entertainment and media entrepreneur Ronnie Screwvala has announced the formation of UCypher, an eSports tournament in which ten teams will compete.
Extreme Live Gaming In deal With Betsson -
Extreme Live Gaming, a subsidiary of the Novomatic Interactive group, has announced a live dealer product deal with the Betsson online gambling group, with an initial launch planned for Betsson.com, followed by other brands in the Swedish group's portfolio.
Expansion Mode For BoyleSports -
The Bambury premises are situated in Kildare, Meath and Dublin and will be refurbished and rebranded after acquisition, with the total of 31 staff remaining in employment..
Safecharge Q4-2016 -
Online e-cash processing firm Safecharge, where Playtech's Teddy Sagi is a majority shareholder, released a trading update on its Q4-2016 performance Thursday, flagging record transaction processing volumes and revenues.
ASA Most Controversial Ads of 2016 -
Paddy Power's penchant for advertisements that cause a stir saw the betting company mentioned twice in the Top Ten most controversial adverts of 2016 released by the Advertising Standards Authority in the UK Thursday.
Yggdrasi To Enter Italian Gambling Market -
Yggdrasil’s Italian offering will include the company's collection of in-game promotional tools, BOOST, improving gamification, and the social sharing tool, BRAG. The company’s mobile product will also be available on its HTML5 iSense 2 platform.
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