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SNOW CONTRIBUTES TO RECORD QUARTER FOR PROBABILITY PLC

Posted 1/11/11 : Probability Plc on the upswing with positive third quarter trading update
 
Mobile gambling firm, Probability PLC released pleasing third quarter results for its investors in a quarterly trading update this week.
 
 
Key Performance Indicators for the three months to 31 December 2010 were reported as:
 
-     Strong growth in customer deposits and activity with December 2010 setting records for both player deposits and wagering activity.
 
-     Player deposits in the quarter to 31 December 2010 were 35 percent higher than in the previous quarter to 30 September 2010.
 
-     Players using iPhone and Android devices accounted for 27 percent of deposits in December 2010. These services fully launched only in August 2010.
 
-     Net Gaming Revenue in the quarter to 31 December 2010 was GBP1,482,000, an increase of 20 percent on the previous quarter to 30 September 2010 (GBP1,232,000).
 
-     Net Gaming Revenue in the quarter to 31 December 2010 was 30 percent higher than during the same period in 2009.
 
-     The Company acquired 48,102 new players in the most recent quarter, compared to 39,190 in the previous quarter, an increase of 22 percent quarter-on-quarter.
 
Adverse weather conditions are said to have benefitted the Company during the quarter with specific emphasis on snowy days being its busiest period.  An internal analysis of trading data undertaken by the Company found that the days with the worst snow during December had, on average, 15 percent more wagering activity than days without snow.
 
Charles Cohen, Probability plc CEO, commented:
 
“This was a record quarter for Probability. It seems that the snow helped, and our hunch is that customers were turning to their mobiles for entertainment when they found themselves stuck at home or elsewhere.
 
Either way, what matters to us are the underlying trends which show that this business is on the right side of powerful technological and behavioral changes as people increasingly direct their attention to smart phones and tablets.
 
The best demonstration of this is the rapid take-up of our services on the iPhone. These users are now approaching 30 percent of our business, from a standing start in August. We have had great success in managing the upgrade path for players who buy an iPhone or Android device and want to take their gambling account with them.
 
We are uniquely positioned to take advantage of this trend, particularly as we will be operating from a lower cost base than before once we transfer our operations to Gibraltar from Alderney, and are able to explore opportunities in Italy and elsewhere from there."



Gambling News :

NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday - Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.

Pro League Reveals Sportradar Contract Details - The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.

NFL Odds: Steelers Visit Undefeated Chiefs #TNF - The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.

Mega Moolah strikes again - The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.

2 New Slots For Microgaming Casinos - David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.

MLS Odds: Red Bulls vs. Whitecaps - The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.

Velka Pardubicka On RacingUK - Felix de Giles flies the British flag in Sunday’s Velka Pardubicka

Mega Moolah Jackpot Hits on 9/27/2017 - Another millionaire made on Microgaming’s Mega Moolah; 5th largest Microgaming payout

Simon Jones is crowned the Greatest Poker Player in the Universe - A €10,000 leaderboard tracked player progress throughout the series to determine who the Greatest Poker Player in the Universe was. Professional poker player/sports psychology lecturer, Simon Jones, took the crown with a €5,000 cash bonus and trophy to prove it.

MLB Odds: Yankees Favored in AL Wild Card Game - After a strong regular season, the New York Yankees (91-71, –1.00 betting units) opened as –235 home favourites for Tuesday’s AL Wild Card Game against the Minnesota Twins (85-77, +11.48 units). First pitch is at 8 PM ET on ESPN.

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