Citi Anticipates CYOU Release, Success

Citi reports that Changyou.com Limited (NASDAQ: CYOU) announced on its official game website that its in-house developed game, Duke of Mountain Deer (DMD), will start unlimited closed beta testing on April 25, 2011.

“The latest game version is now available for download and interested gamers can also activate account registration starting today,” Citi writes.

“We believe if DMD is indeed a successful launch, and the revenue contribution ramps faster than we expected, there could be upside to our estimates.”

Changyou.com closed Thursday at $34.40.