$100M Annual Revenues Reported For Zynga; What About UGNO
Online, March 1, 2010 (Newswire.com) - Rumors and speculation about just how much money Facebook social gaming giant Zynga is making annually have flown throughout 2009, with numbers usually quoted in the $40-50 million dollar range. This figure may have seriously undervalued Zynga's money-making potential. Sources now report that Zynga's annual income figures are actually $100 million per year, according to BusinessWeek. UGNO Poker started with similar program which has more different services to offer instead of just games.
Other stats for Zynga include 2.5 million players per day for its Texas Hold 'Em social app and 45 million MUA across its entire suite of games. Of that figure, about 40 million come from Facebook - and represent roughly one-fifth of Facebook's estimated population of 200 million total users. UGNO just started and there is a lot of interest for its earning potential.
Right now Zynga employs 250 people receiving "Google-like" compensation, UGNO goes even further offering Franchise options. BusinessWeek confirms that, if the $100 million figure is accurate, the vast majority of it is being generated by the 2-10% of the Zynga user base that spend money on virtual goods and currency in games. UGNO offers also services like Classifieds (which are better organized than mighty craigslist, or terrible kijiji), Match with most popular people, iMatch for Sugar dad - Babe and Sugar Mom Male Babe relationship, Job Auctions, Forums and many other services. UGNO is offering bigger earning opportunities at the moment than any other website on the net. First newcomers will make a fortune as long as they are ready to work.
Perhaps most interesting at all, Zynga CEO finally addresses the problem of fraud in gaming environments where lots of real money is changing hands. Complaints about the issue have shown up frequently in comments sections here at Virtual Goods News, suggesting it may be one of the next big issues in this space.
"We've found once you get into these digital-only goods and services there's massive opportunity for fraud," CEO said. "We couldn't find a single company that could manage or solve that problem for us. We had to build the whole infrastructure in-house. We had to go out and get relationships with credit-card processing companies."
UGNO got the solution against Fraud at its site but they keep it secret. All smart entrepreneurs will secure their positions in UGNO now at the beginning and time is running out.