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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Glu Mobile Inc | NASDAQ:GLUU | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 12.50 | 13.00 | 12.50 | 0 | 01:00:00 |
Access to the full company reports can be found at: www.FiveStarEquities.com/GLUU www.FiveStarEquities.com/ZNGA
Glu Mobile recently announced that Probability PLC, the UK's only publicly-traded mobile gambling company, will use the company's existing games to create Glu branded mobile slot games.
"We believe that mobile gambling momentum is beginning to accelerate on a global basis, and with this deal, Glu becomes an early mover. We anticipate that as additional markets around the world open up to real-money mobile gaming, we will expand our investment in the subsector," said Niccolo de Masi, Chief Executive Officer of Glu Mobile. "We view real-money mobile gaming as an opportunity to extend the reach of our successful original IP to new demographics, as well as deepen engagement and rewards for our players."
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Zynga fell as much as 20 percent after reporting it now expects full-year bookings to be between $1.085 billion to $1.1 billion, down from their estimate of $1.15 billion to $1.225 billion in July. Shares of Zynga are down more than 75 percent from their initial IPO price of $10.00 per share last December.
"The reduced performance of some of our live Web games is continuing to impact results and we have several new games which are at risk of launching later than expected," CEO Mark Pincus wrote in a letter posted to Zynga's blog.
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1 Year Glu Mobile Chart |
1 Month Glu Mobile Chart |
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