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Zynga acquires Gram Games

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US-based social gaming operator Zynga has bought Gram Games, the UK-based mobile games developer who developed the popular Merge Dragons! Title, for $250 million in an all-cash deal. Gram Games will be eligible for a three-year earn-out also, provided their team achieved the “profitability goals that align with Zynga’s long-term growth plans.”

Gram Games has 77 employees at two development studios in London and Istanbul. Gram Games has found success within the hyper-Casual and Puzzle games segments, including the aforementioned Merge Dragons!, which made the Top 50 Grossing Games chart in the US Apple App Store following its release last year. Gram’s portfolio also includes the popular puzzle games 1010! and Six!

Zynga CEO Frank Gibeau claimed that bolting on Gram titles would grow Zynga’s audience by 3m mobile daily active users and predicted that Merge Dragons! would become a new “forever franchise” alongside Zynga Poker and Farmville.

Gram Games co-founder Kaan Karamanci humble-bragged that his company had “helped define the hyper-Casual genre” and believed the marriage with Zynga’s live services expertise would help “grow our games and continue to delight millions of players around the world.”

Zynga said it didn’t expect any “significant” revenue impact from Gram Games in Q2 as the expected extra bookings (the in-game sale of virtual goods) of $10m will be classified as deferred revenue that will only be recognised in future quarters.

The markets reacted positively to Zynga’s announcement, pushing the company’s share price to $4.56 in mid-Friday trading from $4.19 at Tuesday’s close.

The Gram Games deal is the latest in a string of Zynga acquisitions, including last year’s $100m deal for Peak Games and the $42.5m purchase of Harpan Solitaire. The Peak Games deal also included an Istanbul-based studio that Zynga has transformed into its Casual Cards team’s HQ.

Zynga’s financial fortunes have undergone a significant turnaround of late, including setting new records for mobile engagement, which used to be Zynga’s Achilles heel.

Source: CalvinAyre.com

Source: European Gaming Media and Events

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Troll Hunters 2 Launches on Kindred Platforms

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Kindred Group has partnered with Play’n GO in an exclusive release of Troll Hunters 2, the sequel to the record-breaking first chapter of the Troll Hunters saga.

“Kindred has recently invested heavily in the quality of their exclusive games. We believe that product quality is ultimately what customers will recognize and value. This is what will set us apart from the competition and lead the way forward in casino,” Ale Rallo, Games Development Manager of Kindred Group said.

“Creating exclusive and localised content isn’t easy. But, with our gaming expertise and Kindred’s knowledge of their market and its players, together we created a title that we knew people would love, and we can already see it succeeding. It’s also a learning experience that will, ultimately, lead to more collaboration and even better ideas and concepts in the future,” Johan Törnqvist, CEO of Play’n GO said.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Troll Hunters 2 Launches on Kindred Platforms

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Nepal Government Introduces New Casino Rules

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The Government of Nepal has introduced a set of new rules relating to sharing of information about gamblers, management of assets and monitoring for suspicious activities.

As per the new rules, operators of brick-and-mortar casinos are required to maintain a record of visitors and players at the properties. Gambling venues should also deny access to those who are believed to be involved in suspicious activities.

The new rules mandate that the casinos must inform the government and the Nepal Rastra Bank about wins or losses of more than NPR1 million within a 15-day period. If the gambling venues suspect that a patron uses suspicious money, it has to compile a report and notify the NRB’s Financial Information Unit within a three-day period.

Under the recently adopted rules, operators of gambling venues must submit reports to the Department of Tourism in every four months. The reports must contain information proving that the casinos are not used for money laundering. Properties failing to submit the required reports could face fines of up to NPR50 million.

The newly imposed rules also contain provisions relating to sharing information about customers, casino operators and staff members. If casinos change staff, they must inform the authorities about the changes within a 15-day period.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Nepal Government Introduces New Casino Rules

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Zynga Poker Partners with Brad Garrett for “Celebrity Home Game”

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Mobile poker game Zynga Poker has partnered with Emmy Award winner Brad Garrett for a special “Celebrity Home Game” sweepstakes event.

By completing challenges daily in the Zynga Poker, two lucky players will win seats at a celebrity card game in Southern California, hosted by Garrett himself. Zynga will donate up to $100,000 to the Maximum Hope Foundation, a non-profit organisation founded by Garrett that provides financial stability for parents of children diagnosed with life-limiting conditions.

“What I love about Zynga Poker is that you can practice your game without having to worry about your ‘tells’ or poker table etiquette – it’s just about the cards. I can make a sincere pledge to the winners of this sweepstakes – when you’re at my Home Game, we’ll be playing by these same rules. Check your poker face at the door, and get ready to have some fun,” Brad Garrett said.

“Poker isn’t a game of chance – it’s all about showmanship and skill, and that’s something Brad Garrett has in spades – no matter what he says. We’re proud to bring our players an opportunity to participate in a once-in-a-lifetime poker night, hosted by a legend in comedy and a hero to families in need. Now our players have the opportunity to show off their skills and prove that lady luck plays favorites,” Bernard Kim, Zynga’s President of Publishing said.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Zynga Poker Partners with Brad Garrett for “Celebrity Home Game”

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