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Zynga cancels US real-money plans as revenues decline

26th July 2013 8:29 am GMT

Social gaming market leader Zynga has announced that it has cancelled its plans to apply for real money gaming licences in the US market, as newly-appointed CEO Don Mattrick predicted “more volatility” in its earnings over the next “two to four quarters”.

Alongside its results for the second quarter ended June 30th, the company revealed that it feels “its biggest opportunity is to focus on free to play social games.”“While the company [...]

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