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Probability Revenues up Q2-2012

Tuesday October 23,2012 : REVENUES UP AT MOBILE GAMBLING TECHNOLOGY PROVIDER
 
Probability reports over 35 percent revenue growth in Q2-2012
 
Mobile gambling technology provider Probability plc issued a trading update Tuesday, advising that net gaming revenue soared 35.3 percent in the period ended September 30 2012, reaching GBP 2.3 million (Q2-2011: GBP 1.7 million).
 
Deposits from players in the period were 44 percent higher than the same period last year.
 
Operational highlights of the quarter included:
 
* iPhone App for "Lady Luck's" has been downloaded over 40,000 times since being introduced in June 2012, and is regularly in the top five downloads in the category in the UK App Store.
 
* In Italy, the company’s Playyoo subsidiary has launched an iPhone and iPad football betting application for SNAI, to coincide with the opening of the Italian football season. Betting volumes have been higher than expected in this new market.
 
* The slot game "Long John's Silver" for iOS and Android devices was launched during August, becoming the quickest game to achieve GBP 1 million of total bets, achieved in under two weeks.
 
* Partnership inked with Nasdaq-listed Glu Mobile to develop mobile gambling games and services based on its popular mobile games.
 
Commenting on the trading update, Probability CEO Charles Cohen said:
 
“We are very pleased with the performance this quarter. Our customers did not appear overly distracted by the Olympics, but then we did all spend a lot of time in front of the TV waiting for events to start – a perfect opportunity to have a quick play with our games.
 
“The Playyoo business which we acquired in the summer is developing well, with existing Italian B2B clients expanding the range of poker games they take from us and new clients showing strong interest in the offering.
 
“Preparations are on track for our Slots games to be introduced into Italy later this year and we hope to begin the certification process very soon. A small amount of revenue from Playyoo is included in these results for the first time, and we expect this contribution to grow significantly over time.
 
“In the UK market, our investment in new customer acquisition through TV and other digital media has continued to deliver encouraging results in line with expectations."

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Gambling News :

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

Optima Information Services iShop - Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

CAGAYAN CHIEF MOVES TO REASSURE LICENSEES - Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.

New Massachusetts Online Gambling Bill - It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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