Zynga, the once dominant social gaming giant, posted a profitable Q2 2017 on the strength of its social slots products. Word that Zynga is operating in the black is the first good news the company has seen in a very long time. But before you applaud the return of the creators of Farmville and Zynga…
International Gaming Technology (IGT) is set to sell its DoubleDown social casino to DoubleU Gaming for $825 million. The acquisition also includes an extended strategic partnership between the two social casino giants. The deal is a very positive move for IGT, which acquired the DoubleDown Social Casino from its Seattle founders for $500 million in…
Zynga, the social gaming giant that ruled rode the early days of Facebook to massive popularity, is experiencing something of a rejuvenation in recent months. The company is reporting positive growth for 2016 and Q4 earnings that were beyond Wall Street's expectations. This is especially good news coming from a company that's always struggling to…
500.com is hoping that its recent acquisition of a Chinese social poker site will help quell investor worries by bringing the company some much-needed positive revenue. It's a big move that could be a life changer for the struggling sports lottery giant. Company officials announced the acquisition of a 51 percent share of Qufan Internet…
The early days of Internet 2.0 were an underdog's dream world where the smallest blogs competed with massive corporations on a digital playing field that was fairly level. Those golden days are in the distant past now as big business has figured out the basics of effective blogging. But does that mean that smaller blogs…
DoubleDown Casino won a big legal victory recently when an Illinois judge tossed out a class action lawsuit filed against the company by a disgruntled customer. The move constitutes a big win for the social gaming industry. The lawsuit in question was filed by an Illinois resident named Margo Phillips. Phillips, who lost more than…
Gaming industry profit reports from 2015 and the results are a pretty mixed bag. The once struggling Caesars Interactive Entertainment Group (CIE) reported record profits, while Ladbrokes reported its first loss in a decade. Here are a few tidbits from the latest reports. CIE Books Record Profits CIE is a bright spot in a company…
2015 was something of a mixed bag for the social casino vertical. With all the numbers tallied, the overall number of active monthly players was down 13% over the previous year. That's the bad news. The good news is that the players they were able to retain, the really hardcore players, are spending more time…
Zynga, the once-dominant force in social gaming, surprised its legion of critics by doing something it hasn't done in a very long time; it posted a profit. The maker of a legion of social gaming favorites, including Words with Friends and Farmville, announced revenue of $195.7 million for Q3 2015. That's in an increase of…
Q2 revenue is up in a big way at Churchill Downs thanks to a surge by their social gaming unit an strong showing during the Kentucky Derby. According to numbers announced this week and reported on by CalvinAyre.com, Churchill Downs pulled in $409 million worth of revenue during Q2 2015 (which ended on June 30).…
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