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TECHNOLOGY INVESTMENTS IMPACT PROBABILITY YEAR
NGR lower and loss grows
Probability plc, the UK-based mobile gambling technology provider, has reported widening losses for the year and lower net gaming revenue.
Over the year ended March 31, pre-tax losses grew from GBP153 000 in the previous year to GBP755 000 currently, with net gaming revenue declining GBP300 000 to GBP4.7 million.
In a statement this week, Probability attributed the loss to “strategic investment in technology” and pointed to its b2b agreement with Paddy Power , the launch of the Spanish language website Ring Ring Juegos and the release of iPhone games.
Gross win per cash player climbed 18 percent, whilst the firm boasted its 500 millionth mobile gambling transaction during the fiscal year. The company also reported successful distribution deals with the Orange and ‘3’ mobile networks in the UK for its LadyLuck's mobile casino brand.
“With countries such as Italy and France now looking to allow more providers in, we are optimistic of being able to build on our reputation from the UK market to achieve even greater reach,” company chairman Graham Parr said.
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Gambling News :
Yggdrasil Gaming Expanding -
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FanDuel and DraftKings Settle With NY Attorney General -
Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.
Stan james Now Live With EPOS -
The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.
Singapore Online Gambling Ban Begins -
Singapore media reports indicated Tuesday that restricted online gambling services offered by the Singapore Pools have started online operations, whilst Singapore Turf Club will commence online betting activity on November 15.
Pennsylvania Online Gambling Updates -
Pro-online gambling companies, including the Golden Nugget in New Jersey and Pokerstars, were quick to refute Schippers views based on their operational experience.
WSOPE In Czech Republic -
World Series of Poker Europe 2017 has moved to King’s Casino Rozvadov (KCR) in the Czech Republic following a multi-year deal that will see KCR host numerous WSOP-branded events over the next several years.
BtoBet Partners with AfroBet -
Following the launch in Kenya, Afrobet said it has high hopes for further expansion into East Africa, Tanzania, Uganda and Congo.
Pissed off Tabcorp shareholders -
A significant number of Tabcorp shareholders, led by The Australian Shareholders Association, reportedly objected to proposed hikes in executive pay packages and were unhappy with the company plans for a merger with rival gambling group Tatts.
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