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Tough Times For Brit mobile gambling specialist Probability
Probability has seen better years...
Quarters 1 and 2 of financial 2010 have not been the best of times for the Brit mobile gambling specialist Probability plc, judging by its latest numbers covering the six months from April to September.
In an interim statement CEO Charles Cohen reported a pre-tax loss of GBP758 000 over the six months ended September 30, but is confident that the company can halt the slide in the new year.
“Our results in the first half include costs related to the acquisition of a new remote gambling license in Gibraltar, the setting up of a new operational centre there, and restructuring of our UK and Alderney teams as a consequence. As a prudent accounting policy we have chosen to expense all of these items into this period.
"The net result is that from October 2010 we are operating from a decreasing fixed cost base. The savings will be even greater from March 2011 when we plan to surrender our Alderney licence and all of our services will be operated under our Gibraltar licence,” he said, adding that the loss had been anticipated by Management.
Net gaming revenue of GBP2.31 million (2009: GBP2.47 million) was recorded.
The company introduced its "Touch" mobile casino for iPhone and Android platforms during the period, and made important investments in technology and marketing. The statement also noted a significant b2b deal with Paddy Power through which Probability is providing mobile gambling content.
3 Top Bitcoin Poker Sites -
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Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
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MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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