Zynga’s Irish operation loses $50 Million

iGaming Business – Online gaming firm Zynga has reported that its Irish operation made a pre-tax loss of $50 million (€37.6 million) last year after it was hit by impairment charges. Accounts filed by Zynga Game Ireland show that the company’s revenue grew to $512 million, a significant increase on the $369 million record in the previous year. Despite the figures, Zynga Game Ireland recorded an impairment charge of $27.8 million on the investment of a Japanese subsidiary, as well as a $28.7 million on intangible assets, following the revised value of OMGPOP, the social game provider Zynga purchased in…

Pala Interactive Selects GeoComply for Geolocation in Regulated Markets

Press Release – Pala Interactive LLC, the next generation iGaming business for the regulated US market has selected GeoComply USA as their geolocation solution provider. Jim Ryan, CEO of Pala Interactive said, “We are very pleased to have selected GeoComply as we feel that they offer the most comprehensive, reliable and user-friendly solution for compliance grade geolocation on the market.” “This is an exciting partnership as it is further confirmation of the success we are having with respect to developing our business to be an industry leader in the Geolocation market place. We look forward to working with Pala Interactive…

All online bets are on outside of the U.S.A.

Gaming Today – Even though G2E (Global Gaming Expo) has long since passed, moments after it ended they were promoting the 2014 model. Such is the continued attraction of Las Vegas to both the national and international gaming community. While gambling is certainly no longer restricted to Nevada, it was abundantly clear at the Expo that Vegas is where everyone wants to be to promote their items. And maybe as good an example of this as any is a company called BetConstruct, one of the many online betting operations existing around the world. BetConstruct doesn’t affect Vegas right now because…

Mobile Game Play Favorite Among Gamers

Players seem to find mobile game play the preferred method. The global gaming industry is going through radical changes, and it’s primarily driven by consumers. The explosive adoption of Smartphone and Tablets and new emerging markets in developing countries have pushed the number of players, social casinos and online gambling websites. According to SuperData Research the estimated value of social casino sector across all platforms remains $1.7 billion in 2013, driven by 173 million players worldwide. The industry will record nearly 50% growth in next 2 years, consequently, the projected value of social casino sector will touch $2.5 billion by…

Adelson Commissions Survey To Show Legalization Isn’t Popular

Card Player – Billionaire casino boss Sheldon Adelson is keeping his foot on the pedal in his desperate quest to squash online poker in the United States. The owner of Las Vegas Sands Corp. reportedly just commissioned a study of four states in order to show that legalizing online gambling, including poker, is currently not too popular among voters. According to Ralston Reports, the Tarrance Group, a well regarded national firm, recently completed a series of polls for the Las Vegas Sands chairman. Surveys were conducted in California, Kentucky, Virginia, and Pennsylvania and “found overwhelming opposition to web poker.” The…

Betfair Launches LetsPlayNJ.com (But Can’t Play in New Jersey! )

Gambling 911 – While New Jersey prepares to begin allowing online gambling by the end of next month, European powerhouse Betfair has mostly been left out in the cold. Despite not having a license to operate in the Garden State at this time, Betfair will begin its LetsPlayNJ.com campaign.  The site is designed to build a mailing list of potential gambling customers in New Jersey. Betfair, the largest betting exchange in Europe, may not have to wait long for a license to be issued as it is widely rumored they entered into a partnership with Atlantic City’s Trump Plaza. On…