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PROBABILITY POSTS A STRONG 6M PERFORMANCE

Tuesday December 6,2011 : TV trial advertising campaign delivers
 
Mobile gambling firm Probability Plc posted strong results in its interim report for the six months ending September 30, 2011.
 
Financial Highlights for period from 1 April 2011 to 30 September 2011:
 
-     Net gaming revenues up 41 percent and in line with expectations to GBP 3.27 million (6M/2010: GBP 2.3 million).
 
-     Unaudited pre-tax loss 91 percent lower at GBP 65 000 (6M/2010 loss: GBP 745 000) – excluding share based payments of GBP 23 000 (2010: GBP 13 000).
 
-     Cash deposits made by customers up 74 percent over 6M/2010 period.
 
-     Company’s net cash and equivalents were GBP 2.23 million at 30 September 2011 (30 September 2010: GBP 876 000).
 
Operating highlights for the period
 
-     Positive trial investment in television marketing for LadyLuck’s mobile casino.
 
-     Rapid growth of iPhone and Android smartphone usage to account for over 50 percent of monthly revenues by the end of the period, compared to 37 percent at the beginning of the period.
 
-     Launch of new mobile Bingo! platform including iPhone and Android support, as well as “Loopy Lotto”, a slot game with two progressive jackpots.
 
-     Strong growth in business-to-business and white-label offering, including the launch of six new client brands on the Probability mobile gambling platform.
 
Charles Cohen, chief executive officer of Probability commented:
 
“This has been an excellent first half for Probability with strong momentum that has continued into the second half with record player deposits in October.
 
“During the first half we delivered revenue growth on or ahead of target in both our consumer and B2B services, with revenues from the latter increasing by 84 percent compared to the first half of FY2010.
 
“Our direct to consumer business has developed thanks to increased player recruitment and improved yields. In particular, we have deployed our mobile CRM systems to great effect this year, increasing per-player deposits by 65 percent in this six month period compared to the same period in the last financial year."
 
Cohen was particularly pleased with the results from LadyLuck's advertising trial on UK Television saying: “We think that these trials represent a real breakthrough in our marketing to new consumers, offering attractive and scalable returns on investment."  Research from the trial revealed that its players are not existing PC based users but smartphone users looking for new types of entertainment through their devices.
 
Graham Parr, Chairman of Probability plc, added:
 
"Probability has performed very well in this half and the Board is delighted with progress made in all areas of the business, technology and operations. We continue to pursue business-to-business opportunities and white label services which we see as having long term strategic value and will enable us to enter markets where partnerships are the logical way forward."



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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