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Probability sees drop in quarter-on-quarter revenue

5/8/10 - Probability plc, a provider of mobile gambling based in the UK, has broken a generally positive pattern in its quarterly results reportage, posting Q1/2010 numbers that show an almost 2 percent quarter-on-quarter drop in net gaming revenues to GBP 1.11 million.
 
The drop may be rooted in an 11 percent q-on-q drop in new customer registrations from January 1 to March 31 to 41 825.
 
The company reported net cash on hand and equivalents of GBP 1.64 million - 14 percent lower than for the final three months of 2009.
 
Chief executive at Probability, Charles Cohen, attributed the lower performance to a seasonal weakness in the industry, but noted that the company had held its ground with trading in line with expectations.
 
“These unaudited figures mean that we are also in line with investor expectations for the full-year, an encouraging outcome given that the focus has been on building Probability’s core technology to drive future growth,” he added.
 
“The investment programme started a year ago is now substantially complete and we look forward to a rapid succession of exciting product rollouts as well as new business-to-business integrations with major partners. Response to our new dedicated offering has been very strong and we are in advanced negotiations with several potential customers for this service.
 
“All this comes at a significant time in the evolution of the market for portable gaming. Our focus has always been on mobile phones and smartphones. Indeed, we are putting the finishing touches to our iPhone and Android services and will be submitting these for regulatory approval very shortly.”
 
Expanding on the iPhone initiative, Cohen said that Probability engineers have determined that the core technologies developed for iPhone can be adapted very quickly to new devices including the Apple iPad.
 
“The iPad is not a phone but it uses a mobile operating system and, therefore, cannot run the software used by any existing online gambling games that we are aware of, even browser based,” said Cohen. “This is, therefore, a market that Probability is uniquely positioned to address both for our consumer and our business-to-business services.
 
“We are very pleased, therefore, to be able to confirm that Probability will support both the iPad and the iPhone with a full suite of real-money casino games and slots during the next quarter. The iPad service will be made available as soon as possible after this revolutionary new device becomes available in Europe, currently expected to be late-May.”



Gambling News :

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

New MPN Poker Rooms Tower Torneos - Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<

NY Rangers vs. Devils on 12/21 - When the Devils and Rangers hit the ice on Thursday (7 PM ET on MSG), so too will two of the league’s top netminders. After a slow start to the season, Henrik Lundqvist has returned to his form of old. Through 29 games, he’s posted a 2.59 goals against average, and a .920 save percentage.

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