Glu Mobile said it would cut 12 percent of its workforce, or around 67 employees. The actions will leave the company with around 564 employees. However, Glu said the job cuts are part of an effort to centralize and streamline the production of games, and the company continues to hire new employees in specific functions. As a result, Glu said it expects to end 2013 with 580 employees.
Glu Mobile introduced its first real-money gambling game Samurai vs. Zombies Slots , boosting the U.S. publisher's shares more than 20 percent Tuesday to $2.91.
Tablet gamers are on pace to spend $3.03 billion on in-app goods like power-ups and virtual currency in 2016, exploding from $301 million in 2012, according to a new Juniper Research forecast.
Some mobile location-based services platforms may be adding legalized gambling to their portfolio of services as soon as next year. The initiative, currently in the works in Nevada, uses IP location technology from Location-as-a-Service (LaaS) provider and Fierce 15 winner, Locaid , and identify verification technology from GambleID.
Gameloft has signed a worldwide licensing deal with Hasbro to develop mobile titles based on the toy manufacturer's popular My Little Pony and Littlest Pet Shop franchises.
On-portal mobile gambling will grow to more than $27.5 billion by 2013 according to a new forecast issued by market analysis firm Juniper Research, which credits the increase to a dramatic shift in