IGT Not Deterred by Zynga Scrapping Real-Money Gambling Plans

In its Q2 earnings report earlier this week, Zynga said it has abandoned its plans to pursue real-money gambling in the U.S. But Nevada-based IGT, which makes both physical and virtual casino games, said its plans are unaffected. “What Zynga’s finding out is that breaking into real-currency wagers is a difficult thing,” said executive VP … Continue reading

With New CEO Mattrick At Helm, Zynga Reports Loss of $16M And Revenue Decline Of 31%

Zynga’s revenues for the second quarter of 2013 declined 31% year-over-year to $231 million in the midst of a challenging transition that saw former CEO Mark Pincus hand over the reins to Don Mattrick. The company had a net loss of $16 million compared to last year’s net loss of $22.8 million during the same … Continue reading

Zynga Won’t Pursue Real-Money Gaming License In The U.S.; Shares Drop 13% In After-Hours

Zynga is giving up what many investors had hoped might be its trump card: a real-money gaming business in the U.S. The company, which has been testing out real-money casino games in the U.K., said it won’t be pursuing a U.S. license after all in its second quarter earnings report today. Sources tell us this … Continue reading

Zynga’s New CEO Don Mattrick Says It Won’t Be Quick Or Easy To Get The Company Back On Track

Don Mattrick, the new Zynga CEO announced at the beginning of the month, offered his initial on-the-job observations today during the conference call discussing the company’s second-quarter earnings. Mattrick (on the right of the photo with Zynga founder and former CEO Mark Pincus) started out by offering some positive commentary, saying that the company “caught … Continue reading

How Do You Get VCs to Invest in a New Videogame? QuizUp Did It With “Twilight.”

Apparently, the answer is “red.” The more you know … Pre-launch videogames, generally speaking, are not the best fit for venture capital. Games are notoriously a hits-driven business, and the sheer number of free titles being released every month makes picking the winners an inexact science, at best. Nothing speaks louder than numbers, though, as … Continue reading

Google, Facebook, and Others Are Begging The Courts To Smack Down Absurdly Vague Patents

Patent litigation is all over the place these days, and regardless of who’s in the right or wrong in any specific case, it’s eating up a whole bunch of resources. That’s why Facebook, Google, and a number of other companies have rallied together with an amicus brief kindly asking the U.S. State Court of Appeals … Continue reading