Zynga soars; Mattrick discusses overseas real-money pilots


During a Morgan Stanley conference talk yesterday afternoon (transcript), Zynga (ZNGA +8.5%) CEO Don Mattrick mentioned his company plans to launch real-money gaming pilots in foreign markets this year.

Mattrick: "We're not at a stage where we're announcing anything. When we're announcing. I'm trying to announce it with the intent to win and to make it global and to make it meaningful to our P&L."

Zynga shares dove last July after announcing (shortly after Mattrick's hiring) it wouldn't be pursuing a U.S. real-money gaming license.

Mattrick also talked at length about his efforts to remake Zynga's oft-criticized culture. "We've taken a couple of layers out of our management team, we've built more purpose-led, dedicated discrete teams ... we will bring new people in who are more energized about the challenge at hand."

Yesterday: Zynga bringing FarmVille to mobile

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Comments (4)
  • RJ Trader
    , contributor
    Comments (3) | Send Message
     
    Sounds like some good moves.
    4 Mar 2014, 02:20 PM Reply Like
  • sinsinatykid
    , contributor
    Comments (3) | Send Message
     
    tou are beautiful
    5 Mar 2014, 08:29 AM Reply Like
  • Emeka2013
    , contributor
    Comments (33) | Send Message
     
    I hope so
    4 Mar 2014, 08:31 PM Reply Like
  • haleiwahu
    , contributor
    Comments (4009) | Send Message
     
    ZYNGA stock increases in stock value based solely on potential. If this is what Z can do on potential, I wonder how much they'll improve when they actually start producing quality games. Mattrick seems to be pulling Z out of the trenches.
    4 Mar 2014, 08:58 PM Reply Like
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