The following are actions both CEO’s have taken as of yesterday. Please connect the dots Cramer and share the reality of what’s ACTUALLY going on…
1) Dumps 30 affiliate partners for 1, Zynga, its sole gaming partner.
2) June 5th. Fire’s 3 Top exec’s: biz-dev director Alen Lang, group technology director Tod Martin and World Poker Tour CEO Steve Heller.
3) Stops player signups in 18 unregulated markets
4) Launches Zynga RMG and increases player base above 18 market exit- Hands dealt: exceeding 100 million a month. (brick/mortar do that in a year).
5) Secures deals with MGM Resorts, Boyd Gaming, United Auburn Tribe (California) and Zynga.
6) Announces NJ primary focus, Nevada license filed, Awaiting California Tribal gaming Bill vote.
7) Announces intent to launch RMG casino/poker with Zynga on FB platform.
8) Begins 100 Million share buyback.
9) Obtains UK gaming license.
10) Launches UK RMG w/Bwin.party for Poker & Casino, Hands dealt: exceeds 100 million a month.
11) Rewrites FB UK agreement and extends it thru 2016.
12) Files NV gaming license, NJ regulations under review for filing licensure.
13) Cuts 23% workforce – frees up cash – enough to buy an equal position in World Poker Tour Brand and provide data center infrastructure for all Bwin.party US operations. (check it out).
14) Primary focus on mobile, midcore and RMG
15) Appoints John Doerr to board, deep pockets and connected… Jana also.
16) Announces mobile dev a priority for Google Android key late 2012 – watch for this one.
17) Confirms Bwin.party’s intent to partner for RMG on FB platform.
Please could you be more specific (article, public record) for number 10? I thought both parties have not released any data from the RMG project in the UK. How did you come up with "Hands dealt: exceeds 100 million a month."?
Sentiment: Strong Buy
wishful thinkig I am afraid.. if any of that was true the share price would not be down again. I find it very very interesting following the talk of real money gambling as you see it in the US. I am here in the UK where we have had RMG for many years... it is indeed a big money spinner for the casino/bookmaking groups here...BUT not for games developers...online poker/slots/blackjack etc are very simple games and EVERY bookmaker has these available..it has been no boom for the developers..these are just simple simple interfaces... US investors do not see this. It is interesting that in contrast Nicolai De Masi over at Gluu does recognise this ..and is not touting big expected profits from this but says there is a much more conservative potential in offering skill based games where the games/graphics content is what matters ie capitalising on the games developers area of expertise. Real money will be a big money spinner for the casino groups when it takes hold in the US but our expeience in the UK is that this will not benefit the games producers. Znga has to address its lack of foothold in mobile and the quality and monetisation of its core games. The share price says they are not succeeding at this...and at a far far lower market cap, GLUU may just well be achieving this.
Insightful summary bluesimperial. Nice to hear someone's coherent on this board.. Don't expect Cramer, CNBC, or Bloomberg to do any DD, they just report.... They're all sour and slam Pincus because he won't give them an interview... Neither will Zuckerberg.... so FB gets the slam package too...
When did Zynga obtain a UK gaming license # 9 on your list? They did not...
When did they authorize a 100 million share buyback? They did not... They authorized 200 million in cash, which at last report they had used maybe 16 million and acted offended on the CC that analyst called them on ont using it.
You are clueless.
you should do some homework spanky... call bwin and ask what the license fees are to launch a skin on their site in the UK..... as for the 100 mill.... poster probably meant that's how many share would'be been purchased at the "then current" share price - which was about 2.20.
2 & 13 - would be massive revenues and more so with distribution on mobile.. Facebook's on board or they wouldn't have signed a separate UK agreement and then extended the terms . No wonder every casino operator at gambling conventions were talking about the threat of Zynga entering their space - I went to the symposium in AC last year.... they're not happy about the Bwin/Zynga deal especially tied in with MGM/Boyd and now about to leverage FB social. Zynga has a deep technical bench and data center ops that rival Amazon's web services...
Zuckenburg slammed Zynga before; I wonder if it was to acquire some of their shares at a lower price knowing the dynamic duo would be teaming back up... I don't put anything past these guys...
Sentiment: Strong Buy