By 2014, 50 percent of social networking users and 34 percent of all internet users will participate in social gaming.
By 2015, the social gaming market is projected to reach $5 billion.
If people think that social gaming is not big business because games on social networks are free to play, they are wrong.
Game makers are monetizing their games through various methods such as the sale of virtual goods, the display of advertising and the generation of leads.
Virtual goods account for 59.9 …

Electronic Arts reveals that beginning June 14, its Facebook games The Sims Social, SimCity Social and Pet Society will be taken offline.
The announcement came today from EA on a post on its site.
Here’s the official and full announcement from EA:
Maxis: An Update on Facebook Titles
Today we are informing players of the difficult decision to retire some of our Facebook games: The Sims Social, SimCity Social and Pet Society.
After millions of people initially logged in to play these games, the …

Facebook game developers generated a whopping $2.8 billion last year, the world’s largest social network has reveals.
The revelation was made by Facebook at the Game Developers Conference in San Francisco, California this Tuesday.
In the conference, the social network had the creator of the top game on Facebook, Candy Crush, speak of the app’s success on the platform.

Additionally, Facebook also released these statistics, in the hope of entices more developers to make games for the …

The popular Grand Theft Auto franchise officially comes to iOS and Android on December 6 with the launch of a 10th Anniversary Edition of the GTA: Vice City game.
According to Rockstar Games, the GTA: Vice City game app for iOS and Android will be sold for $4.99.
Smartphones have come a long way as when it was released in 2002 for Sony PlayStation 2, the GTA: Vice City game had cutting-edge graphics.
It was later released for Xbox in 2003 and has the best-selling PlayStation 2 game of all time, …

Microsoft is feeling generous and is giving away limited edition free Xbox 360 gaming consoles to long-time Xbox Live subscribers.
The news was broken by Kotaku in a report that included photos of a limited edition Xbox 360 gaming consoles a friend of one of their readers apparently received in the mail.
The photos show an Xbox 360 with bright orange and green trims, a disc tray door with “XBL10” on it and a body and box adorned with Xbox Live anniversary graphics.
So, how long is …

Microsoft’s Halo 4 is the top selling title on any gaming console in the UK for the week ending November 10, reports chart tracker GFK.
The latest addition to the Halo series – this time from developer 343 Industries – zoomed atop the Top 40 Entertainment Software list of GFK to dethrone Ubisoft’s Assassins Creed III.
On November 6, Microsoft launched Halo 4 worldwide with a rousing fanfare and great reception from loyalists and consumers. At its UK launching event, the company flew a …

Members of the legendary US Navy SEAL Team Six are facing disciplinary action from the US Navy after a stint of being consultants for the just-released game Medal of Honor: Warfighter.
According to a report from CBS, seven members of the elite team – known as the team which carried out the operation which killed Osama Bin Laden – are being disciplined by the US Navy for revealing secrets.
One of the seven members of SEAL Team Six who are still on active duty is said to have been a member of …

Video game industry sales in the US saw a marked 25 percent decline in October compared to the same year-ago month, says a research firm.
According to reports, NDP Group has revealed that their data indicate that the video game industry saw sales totaling to only $755.5 million.
During the same month in 2011, the video game industry saw sales totaling to over $1 billion.
A steep drop in game consoles is the major contributing factor to video game sales not performing as well as last year, …

Microsoft’s Xbox 360 led the U.S. gaming console market in October for its 22nd consecutive month, reports research and analytics firm NPD Group.
According to a blog post by Microsoft, the latest NPD statistics saw 270,000 unit sales of Xbox 360 last month. The figure means the console bested all of its rivals and grabbed 56 percent share of current-generation console sales in the U.S, which marks the 20th straight month the Xbox 360 held over 40 percent share of the market.
Total retail …

As the release of the Wii U gaming console draws near, no other than Nintendo President Satoru Iwata has decided to do an unboxing of the upcoming device.
Calling it the “Wii U Premium Pack Unboxing Ceremony,” Iwata went through the Premium Pack of the Wii U and unboxed and unwrapped everything inside the box.
The Nintendo Wii U Deluxe Set will set you back $349.99.
Donning white gloves which he says makes him feel like Mario, Iwata unboxed the console itself, the GamePad, the stands for …