Monthly Archives: August 2015

Zynga’s social casino franchise rescues Q2 numbers but user exodus continues

Zynga’s social casino products helped beat analysts’ forecasts in Q2 but the company continues to hemorrhage users.

Revenue in the three months ending June 30 rose 30% to $199.9m and Zynga even narrowed its net loss to a mere $26.9m, down from $62.5m in the same period last year. Advertising and other revenue hit $38m, up 7% sequentially and a hefty 70% year-on-year.

Bookings, the sale of virtual goods within games, were roughly flat year-on-year at $174.5m, but this was far better than the $157m analysts had forecast. Even better, mobile bookings rose 30% to $115m, now representing two-thirds of all bookings. However, web bookings fell 31% year-on-year to $59m.

Average daily bookings per daily average user rose 29% to 9.1¢, but average monthly unique payers dropped over 28% to 1m and player conversion fell 17% to 1.6%. (Compare that to current industry leader Caesars Interactive Entertainment, which recently boasted a 4.4% conversion rate and earned 31¢ from each user.)

Paradise Co Ltd profits fall by half thanks to MERS, awol VIPs

South Korea’s largest casino operator Paradise Co Ltd saw its profit fall by nearly half in Q2.

Paradise, which operates five of South Korea’s 16 foreigners-only casinos and is constructing the Paradise City integrated resort near Incheon, said profit fell 47.1% to KRW12.6b (US $10.9m) in the three months ending June 30. Total revenue was down 17% to KRW 143b ($123m), driven by a 17.6% decline in gaming revenue to KRW 122.7b ($105.5m).

Table drop was down at all five Paradise properties, with the flagship Walker-Hill property in Seoul – currently the country’s largest gaming venue – falling 27% to KRW 590b. Paradise’s two properties on Jeju island – Jeju Grand and Jejue Lotte – were down 19% and 30% respectively. Paradise Casino Busan took the hardest hit, falling nearly 36% while the existing Incheon property fared best, slipping a mere 2%.

Paradise’s woes stem from several factors, including an outbreak of Middle East Respiratory Syndrome (MERS) in Korea that has finally begun showing signs of containment. The Chinese government hasn’t helped matters, warning other Asia-Pacific countries to stop luring its citizens abroad for the purpose of gambling, going as far as to single out Jeju casinos as serial offenders and arresting Koreans acting as travel agents for Korean casinos.

Two Wisconsin Men Fighting for Legal Poker Games

It should be simple to figure out if poker is legal or not, but in many states, the situation is much more confusing than that. Making it even harder on players is the fact that while state officials might make it clear that home games are just fine (even if technically against the law), there […]

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Amateur Jason Brin Wins Inaugural WPT Choctaw

Jason Brin, a carpet salesman and amateur poker player from De Soto, Kansas, has bested a table of sharks to win the first ever WPT Choctaw. Brin takes his place on the long and illustrious list of carpet selling amateurs who have won major poker events, along with 1999 WSOP Main Event Champion Noel Furlong […]

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Malaysia waiting to pounce on illegal text message betting syndicate

Authorities in Malaysia say they’ve identified an illegal text message gambling syndicate and are waiting for the right moment to crack down hard.

On Thursday, the Malaysian Communications and Multimedia Commission (MCMC) announced it had identified a syndicate offering local bookies access to online gambling services. MCMC monitoring and enforcement chief Zulkarnain Mohd Yasin said the syndicate operated via SMS text messaging channels.

Malaysia has been cracking down on illegal online gambling operators, with the MCMC announcing last month that it had blocked access to 310 gambling sites since the start of the year. Zulkarnain said the use of SMS messaging reflected the difficulties illegal bookies were having conducting business through normal channels as a result of police actions.

According to a Bernama report, Malaysian authorities uncovered the SMS scheme after seizing 11 satellite dishes from the house of a fisherman in Kuala Kurau in the country’s northern state of Perak. The Marine Police Force called it the largest seizure of illegal satellite dishes since their use was declared illegal in 1998.

Bet-at-home ink Bundesliga’s Hertha; Bwin.party scrap Man U casino app

Betclic Everest subsidiary Bet-at-home has been officially unveiled as the new shirt sponsor of German football side Hertha BSC.

News of the tie-up was floated last month but the two parties didn’t officially announce their engagement until Thursday. The three-year deal will see Bet-at-home’s logo adorn the Bundesliga club’s home and away jerseys, plus major advertising rights at the Olympic Stadium in Berlin where Hertha plies tis trade. The two parties will also work together on online and social media campaigns.

The deal marks Bet-at-home’s first sponsorship deal in Germany’s top-tier football world. Bet-at-home marketing man Michael Gierke called it “an important step in our efforts to further increase awareness” of the brand.

Terms of the deal weren’t disclosed, but German media reported that the team stood to reap a hefty €6m per year. The deal will remain valid for the entire three-year term even if Hertha’s fortunes decline and the team faces relegation to the second division.

NHL expansion bids advance; Daniel Negreanu wants a piece of it

Las Vegas and Quebec City are moving on to the second of three phases in their bids to land National Hockey League (NHL) expansion franchises.

The ownership groups trying to bring the first major sports franchise to Las Vegas and Quebec City both announced Wednesday that the league has invited them to participate in the second phase of the league’s expansion process.

Bill Foley, leading the Las Vegas bid, announced on his group’s website vegaswantshockey.com that they have received an invitation from the NHL to advance on the next phase. Quebecor also posted on its Twitter account that Quebec City has been retained for the next level.

“In this phase, we will be providing the League with additional information, including information about the Las Vegas market and the MGM AEG Arena being developed between Monte Carlo and New York New York. We will also be permitted access to information provided by the League that it deems important to us. We are hopeful that at the conclusion of this phase, the League will invite us to participate in Phase III,” said Foley.